Are you considering opening a Tide Cleaner Franchise but are unsure if it’s a good investment?
Don’t worry, because in this article, we’ll provide all the information related to the Tide Cleaner Franchise, including details on profitability, costs, fees, and more. Let’s dive in.
About Tide Cleaner
Tide Cleaner is an American company that offers dry cleaning and laundry services. Founded in 2008, it provides a range of services including dry-cleaning, washing, alterations, and household item cleaning.
After a year, it started offering franchises, and now has over 125 units across the U.S. It quickly became a big name in the dry-cleaning industry.
The success of the Tide Cleaner Franchise comes from its flexible business model. Though prior experience is not mandatory, it’s preferred.
The franchise offers guidance, training programs, and support, although the investment cost is quite high, and financial assistance is not provided.
Tide Cleaner is among the top 10 dry-cleaning franchises to own.
Tide Cleaner Franchise Model
| Franchise Table | Value |
|---|---|
| Initial Investment | $682,100-$1,586,700 |
| Franchise Fee | $20,000 |
| Liquidity | $1,100,000 |
| Royalty Fee | 2% |
| Estimated Outlet | 125 |
Training of Tide Cleaner Franchise
The company provides a comprehensive training program, including orientation, management training, and ongoing support.
They also offer web-based training and tools to grow the business, ensuring that the franchisee always has support from the team.
Term & Renewal of the Agreement
The initial term for the Tide Cleaner franchise agreement is 10 years, with an option to renew for another 10 years if certain conditions are met.
Tide Cleaner Franchise Revenue & Profit
It appears that Tide Cleaner does not offer franchising, so specific revenue and profit figures for its franchises are not available.
However, according to Zippia, the company made $81.0 million in revenue in 2022, with a revenue-per-employee ratio of about $27,000.
Failure Rate Of Tide Cleaner
Franchised Outlets:
| Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|
| 2020 | 125 | 158 | +33 |
| 2021 | 158 | 201 | +43 |
| 2022 | 201 | 214 | +13 |
For the Franchised outlets:
- In 2020, the growth rate was (33)/125×100≈26.4%
- In 2021, the growth rate was (43)/158×100≈27.21%
- In 2022, the growth rate was (13)/201×100≈6.46%
Company-Owned Outlets:
| Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|
| 2020 | 10 | 13 | +3 |
| 2021 | 13 | 13 | 0 |
| 2022 | 13 | 13 | 0 |
For the Company-Owned outlets:
- In 2020, the growth rate was (3)/10×100≈30%
- In 2021, the failure rate was (0)/13×100≈0.00%
- In 2022, the failure rate was (0)/13×100≈0.00%
Total Outlets:
| Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|
| 2020 | 135 | 171 | +36 |
| 2021 | 171 | 214 | +43 |
| 2022 | 214 | 227 | +13 |
For Total outlets:
- In 2020, the growth rate was (36)/135×100≈26.66%
- In 2021, the growth rate was (43)/171×100≈25.14%
- In 2022, the growth rate was (13)/214×100≈6.07%
According to the above-mentioned data, there is no failure rate for franchised outlets as the outlets at the end of the year increased during the span of 3 years.
We can see that the franchised outlets for Tide Cleaner grew from 2020 to 2022, showing a growth rate between 26.4% and 6.46%.
On the other hand, for company-owned outlets, the growth rate of Tide Cleaner was lying in the range of 30% in 2020.
Overall, when we combine the data of franchise and company-owned outlets, we can see that the Tide Cleaner franchise has expanded in the years 2020-2022, showing a total growth rate between 26.66% and 6.07%.
Tide Cleaner Financial Assistance
Tide Cleaner does not provide any financing options to franchisees. The franchisor is not responsible for any of the franchisees’ financial obligations, and they do not affiliate with third-party lenders or other financing sources.
Tide Cleaner Comparison
| Company | Tide Cleaner | Martinizing |
|---|---|---|
| Founded In | 2008 | 1949 |
| Initial Investment | $682,100-$1,586,700 | $60,000-$385,000 |
| Franchise-Fee | $20,000 | $69,500 |
| Total Outlet | 125 | 450 |
| Annual Revenue | $175.7 Million | $3.0 Million |
Frequently Asked Question
How many Tide Cleaner franchises are there?
Tide Cleaner has more than 125 units across the U.S.
Does the Tide Cleaner franchise offer financial assistance?
No, the Tide Cleaner franchise never offers financial assistance to franchisees.
Where is Tide Cleaner headquartered?
The headquarters of Tide Cleaner is located in Center Ridge Rd, Rocky River, Ohio.
Who owns Tide Cleaner?
Tide Cleaners is a part of Procter & Gamble, a multinational goods corporation with dozens of brands under its umbrella.
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.