Comet Cleaners Franchise is one of the best-recognized brands in America that offers dry-cleaning services.
If you want to diversify your portfolio with the Comet Cleaners Franchise, then you are in the right place.
Here we are going to discuss some facts related to Comet Cleaners Franchise that will be helpful for you in starting this franchise. So, keep reading to learn more.
About Comet Cleaners Franchise
Comet Cleaner is a leader in the dry-cleaning industry. Their mission is to consistently deliver the highest quality dry cleaning and laundry service, and they are achieving their mission very well.
Currently, it has a comprehensive market of 235 units across the U.S. The business model of the Comet Cleaners franchise is very flexible.
They offer franchise opportunities without any prior experience, and the requirement for investment is also low.
They totally understand dealing with the finances of a new business, so they only charge a one-time franchise fee. However, the franchisees must pay an ongoing royalty of 5% every month.
They also provide a training program and different types of support to franchisees.
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Comet Cleaners Franchise Model
| Initial Investment | $93,000 – $890,000 |
| Franchise-Fee | $50,000 |
| Royalty-Fee | 5% |
| Area Requirement | N/A |
| Total Outlet | 235 |
Training & Support Of Comet Cleaners Franchise
Comet Cleaners provide a comprehensive training program to all new franchisees. The duration of the Comet Cleaners training program is around 14 days.
These comprehensive programs include on-the-job training, which consists of 111 hours, and classroom training which consists of 15 hours.
This training program includes instruction in essential dry-cleaning operations, administration, labor management, advertisement, and so on.
Moreover, Comet Cleaners also provides different kinds of support and marketing guidelines. Apart from this, they also assist you with the layout of the store and the installation of equipment.
Term Of Renewal & Agreement
The initial term of the Comet Cleaners franchise is 10 years. After the expiry of the initial term, the renewal of the term is available, but they didn’t disclose any information related to the length of the term.
The average industry length of renewal of the term is 5 to 10 years. However, it also depends on the policies and performance of the franchise business.
So, if you want to know more about the renewal of the franchise term, then you can ask Comet Cleaners for Franchise Disclosure Document and also visit their official site.
Comet Cleaners Franchise Financial Assistance
Comet Cleaners and its affiliates never provide direct financing options to franchisees for the establishment of their franchise business.
But they are SBA-approved franchises which mean franchisees can enjoy the benefits of a streamlined review process and expedited loan application process.
There are also some other ways in which franchisees can finance their franchise, like personal loans, conventional loans, and mortgaging.
Comet Cleaners Comparison
| Company | Comet Cleaners | Zips Dry Cleaners |
|---|---|---|
| Founded In | 1947 | 1996 |
| Initial Investment | $93,000 – $890,000 | $600,650 – $769,500 |
| Franchise-Fee | $50,000 | $30,000 to $60,000 |
| Total Outlet | 235 | 12 |
| Annual Revenue | $396,000 | $5 Million |
Frequently Asked Question
How many Comet Cleaners franchises are there?
Comet Cleaners has more than 235 units across the U.S.
How much does it cost to own Comet Cleaners Franchise?
An initial investment required to open a Comet Cleaners Franchise is $93,000 – $890,000
Does the Comet Cleaners franchise offer finance?
Yes, Comet Cleaners franchisees offer a third-party financing option.
Where is Comet Cleaners’ headquarters?
Arlington, TX
Is Comet Cleaners a franchise?
Comet Cleaners is one of the best-recognized brands in America that offers dry-cleaning franchises.
How much does a Comet Cleaners House Franchise Cost?
Opening a Comet Cleaners franchise requires an investment of $93,000 – $890,000 along withl $50,000 as an initial franchise fee.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.