Are you looking for CD One Price Cleaner Franchise but are you still confused about whether this franchise is a good investment or not?
Don’t worry, because in this article, we will give you all the details about CD One Price Cleaner Franchise. So, let’s get started!
About CD One Price Cleaner
CD One Price Cleaner began in 1984 in Houston, Texas. They offer great dry cleaning and laundry services at low prices, along with other services like wash-and-fold laundry.
Now, CD One Price Cleaner has more than 36 units in the U.S. Their business model is very open.
They don’t need you to have experience before buying this franchise. Their requirements are simple, the interview process is easy, and they provide financial help and training for new owners.
CD One Price Cleaner is a top choice among dry cleaning franchises.
CD One Price Cleaner Franchise Model
| Parameter | Value |
|---|---|
| Initial Investment | $615,000 – $830,000 |
| Franchise Fee | $20,000 |
| Royalty Fee | 5.5% |
| Area Requirement | N/A |
| Liquidity | $150,000 |
| Estimated Outlet | 36 |
Training & Support Of CD One Price Cleaner
CD One Price Cleaner offers training for new franchisees. This training lasts 277 hours, with 70 hours in the classroom and 157 hours learning on the job.
The program includes guidance on managing marketing, advertising, labor, and other areas. They also help franchisees grow their businesses and give support for daily management.
CD One Price Cleaner Franchise Revenue & Profit
The income and profit of CD One Price Cleaner franchises depend on many factors. They haven’t shared the exact numbers, so we don’t have specific information.
However, dry cleaning franchises usually make about $200,000 a year and have a profit margin of 22-36%. CD One Price Cleaner’s numbers might be similar.
Failure Rate Of CD One Price Cleaner
Franchised Outlets:
| Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|
| 2020 | 35 | 35 | 0 |
| 2021 | 35 | 36 | +1 |
| 2022 | 36 | 38 | +2 |
For the Franchised outlets:
- In 2020, the failure rate was (0)/35×100≈0.00%
- In 2021, the growth rate was (1)/35×100≈2.85%
- In 2022, the growth rate was (2)/36×100≈5.55%
According to the above-mentioned data, we can see that the franchised outlets for CD One Price Cleaner grew from 2021 to 2022, showing a growth rate between 2.85% and 5.55%.
Payback Period Of CD One Price Cleaner
With an investment of $830,000 and an estimated 22% profit margin, the yearly profit would be $200,000.
So, to find out how long it will take to earn back the initial investment:
Payback Period = Investment / Yearly Profit = $830,000/ $200,000 = 4.15 years
Based on these figures, it will take approximately 4 years to pay back the initial investment for CD One Price Cleaner. This time period could be longer or shorter depending on your sales, revenue, and profit figures.
Term & Renewal of the Agreement
The initial agreement with CD One Price Cleaner is for 10 years. After that, franchisees can renew for another 10 years, but they must meet certain conditions set by the franchisor.
CD One Price Cleaner Financial Assistance
CD One Price Cleaner offers direct or indirect financing options for setting up a franchise. They also provide promissory notes, leases, and other financial tools. Third-party financing and other sources are allowed as well.
Potential franchisees interested in dry cleaning can investigate opportunities with Tide Cleaner Franchise, OXXO Care Cleaners, Zips Dry Cleaners, Speed Queen Laundry, and Martinizing Franchise.
CD One Price Cleaner Comparison
| Company | CD One Price Cleaner | Lapels |
|---|---|---|
| Founded In | 1984 | 2002 |
| Initial Investment | $615,000 – $830,000 | $391,031-$731,122 |
| Franchise-Fee | $20,000 | $50,000 |
| Liquidity | $150,000 | $80,000 – $250,000 |
| Total Outlet | 36 | 43 |
| Annual Revenue | $6 Million | $17.9 Million |
Frequently Asked Question
How many CD One Price Cleaner franchises are there?
CD One Price Cleaner has more than 35 units across the U.S.
How much does it cost to own a CD One Price Cleaner Franchise?
An initial investment required to open a CD One Price Cleaner Franchise is $615,000 – $830,000
Does the CD One Price Cleaner franchise offer financial assistance?
Yes, CD One Price Cleaner franchise offers financial assistance to franchisees.
Where is CD One Price Cleaner headquarters?
The headquarters of CD One Price Cleaner is located in Westchester, Illinois, United States
Who owns CD One Price Cleaner?
Rafiq K. is the founder and current CEO of CD One Price Cleaner. He founded the company with his brother Rafiq Karimi.
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.