Lapels is one of the best-recognized brands in America that offer dry-cleaning services. If you are looking for a lucrative franchise, then the Lapels franchise is the right option for you.
Here we are going to share a bunch of details related to the Lapels franchise that will be helpful for you in starting this franchise. So, keep reading to learn more.
About Lapels
In 2002, Lapels was founded by Kevin DuBois. It offers a full line of services, including Dry Cleaning, wedding gown, shirt laundry, leather and suede cleaning, and so on.
Lapels have been defining “The Future of Dry Cleaning” for over two decades and are known to be recognized leaders in the $ 9 billion dry cleaning industry.
Moreover, it is powered by the World’s only 100% non-toxic cleaning process that promises a sustainable environment.
Lapels offer franchise opportunities to entrepreneurs without any prior experience. It offers three types of franchise opportunities – A traditional retail store, a satellite store, and mobile units.
All these stores have different requirements for investment, but the business model terms and conditions are the same.
The business model of Lapels is very flexible, and it allows you to start at various points and easily scale your business. There is no inventory required, and the cost of investment is not too high.
Also, they provide training and support to franchisees, but they never provide any financial support or any other discount to franchisees.
Read: Martinizing Franchise
Lapels Franchise Model
| Foundation Year | 2000 |
| Franchise-Fee | $20,000 – $30,000 |
| Total Investment | $86,502 – $710,122 |
| Ongoing Royalty-Fee | 5.0% |
| Ad Royalty Fee | 2% |
| Total Outlets | 43 |
Lapels Franchise Training Program
Lapels provide an initial training program to all new franchises. The duration of their training program is of 133 hours which includes 10 hours of classroom training and left hours of on-the-job training.
There is no information available related to training expenses or designation. For this, you have to read Franchise Disclosure Document in which they outline the clause.
They also provide comprehensive support to franchisees, along with monthly webinars. They will teach you their operating procedures, best marketing, bookkeeping practices, and so on.
Term & Renewal Of Agreement
The initial term of the Lapels franchise is 10 years. After the expiry of the term, one consecutive term of 10-year renewal is available for the franchisees who meet all conditions as required by the franchisors.
Lapels Financing Assistance
Lapels do not offer direct and indirect financing options to franchisees. Subsequently, they do not guarantee any franchisees’ promissory note, lease, or other obligations.
Some franchisor provides third-party financing also, but Lapels never disclose any information related to the third-party lender or any other source of financing.
If you want to know information related to financing, then you can request more information on the official website. They will provide a detailed overview.
Lapels Comparison
| Company | Lapels | Martinizing |
|---|---|---|
| Founded In | 2000 | 1949 |
| Initial Investment | $86,502 – $710,122 | $60,000-$385,000 |
| Franchise-Fee | $20,000 – $30,000 | $69,500 |
| Liquidity | $80,000 – $250,000 | $100,000 |
| Total Outlet | 43 | 450 |
| Annual Revenue | $17.9 Million | $3.0 Million |
Frequently Asked Question
How many Lapels franchises are there?
Lapels have more than 43 units across the U.S.
How much does it cost to own a Lapels Franchise?
An initial investment required to open a Lapels Franchise is $60,000-$385,000.
Does Lapels franchise offer finance?
No, Lapels franchisees do not offer any financing option.
Where is Lapels Services headquarters?
Naples, Florida
Does Lapels offer franchises?
Yes, Lapels offers franchises.
How much does a Lapels Franchise Cost?
An initial investment required to open a Lapels franchise is $20,000 – $30,000, with an additional franchise fee of $86,502 – $710,122.
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.