Zips Dry Cleaners

Zips Dry Cleaners

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Promoted Opportunities

Zips Dry Cleaners
#161

Initial Investment

LOW: $769,050
HIGH: $1,022,500

Change in Units

+12.5% +5 UNITS (1 Year)
+32.4% +11 UNITS (3 Years)

Company Profile

Founded

1996

Franchising Since

2006 (11 Years)

Corporate Address

7474 Greenway Center Dr., #1200 Greenbelt, MD 20770

CEO

Reid Bechtle

Parent Company

Value Dry Cleaners of America

About Zips Dry Cleaners

Zips Dry Cleaners began when eight Baltimore-Washington area dry cleaners came together as a buying collective to help cut costs. In addition to adopting the name Zips and polling their advertising funds, they agreed to all offer same-day dry cleaning for $1.99 per garment. The collective began franchising the Zips concept in 2006.

Financials

Financial Requirements

Initial Investment

$769,050 - $1,022,500

Net-worth Requirement

$1,200,000 - $5,000,000

Liquid Cash Requirement

$500,000 - $2,000,000

Ongoing Fees

Initial Franchise Fee

$50,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

4%

Financing Options

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

Veteran Incentives


20% off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 7 days

Training at headquarters: 50 days

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media

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The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: July 22nd, 2016

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