Tide Cleaners

Tide Cleaners

Dry cleaning
Find out what franchise is right for you
2021 Franchise 500 Rank
#70 Ranked #97 last year
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Initial investment
$681K - $1.6M
Units as of 2020
185 208.3% over 3 years

Company Overview

Tide Dry Cleaners franchises are offered by Agile Pursuits Franchising Inc., a wholly-owned subsidiary of the Procter & Gamble Company. Each location allows customers to drop off items for dry-cleaning and pick them up 24 hours a day by using drop boxes and lockers. Drive-through and tailoring services are also offered.

About Tide Cleaners

Industry
Services (Other)
Related Categories
Dry Cleaning & Laundry Services
Founded
2008
Parent Company
Agile Pursuits Franchising Inc.
Leadership
Katie Kool, CEO

Franchising Overview

Franchising Since
2009 (12 years)
# of employees at HQ
30
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
185 (as of 2020)

Franchisor Information

Corporate Address
2 Procter & Gamble Plaza, #TE-16
Cincinnati, OH 45202

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Tide Cleaners franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$10,000
Initial Investment
$681,100 - $1,573,300
Net Worth Requirement
$2,000,000
Cash Requirement
$1,100,000
Royalty Fee
6.5%
Ad Royalty Fee
4%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Tide Cleaners has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
166 hours
Classroom Training
16 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
12
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Tide Cleaners landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Tide Cleaners ranked on other franchise lists? Find out below.

Ranked #70

Franchise 500 Ranking

Ranked #69

Fastest-Growing Franchises

Ranked #71

Fastest-Growing Franchises (U.S. & Canada)

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021