Tide Cleaner Franchise Cost, Revenue & Failure Rate 2024

Tide Cleaner Franchise

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 Franchise Revenue & Profit

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 TableValue
Initial Investment$682,100-$1,586,700
Franchise Fee$20,000
Royalty Fee2%
Estimated Outlet125

Training of Tide Cleaner Franchise

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

However, according to Zippia, the company made $81.0 million in revenue in 2022, with a revenue-per-employee ratio of about $27,000.

Also as per sources, a Tide Cleaner franchise owner make 1,183,962 in revenue on average. So we assume a profit margin of 15% then we can calculate that a Tide Cleaner franchise owner make $177,594 in net profits on average.

Financial OverviewPercentage of RevenueAmount ($)
Individual Franchise Annual Revenue100%1183962.00
Franchise Royalty Fees5.31%(62897.98)
Cost of Goods Sold (COGS)26.56%(314489.91)
Labor (Variable)13.81%(163534.75)
Total (Expenses)85.00%(1006367.70)
Net Profit15.00%177594.30

Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.

Failure Rate Of Tide Cleaner

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

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:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

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:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change

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%.

Payback Period Of Tide Cleaner2

With an investment of $1,586,700 and an estimated 15% profit on the average net sales from 2020, the yearly profit would be $177,594.

So, to find out how long it will take to earn back the initial investment:

Payback Period = Investment / Yearly Profit = $1,586,700/ $177,594= 8.9 Year

Based on these figures, it will take approximately 9 years to pay back the initial investment for Tide Cleaner. This time period could be longer or shorter depending on your sales, revenue, and profit figures.

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.

If opening a dry cleaning franchise appeals to you, consider CD One Price Cleaner, Zips Dry Cleaners, Speed Queen Laundry, Lapels Franchise, and Comet Cleaners as viable options.

Tide Cleaner Comparison

CompanyTide CleanerMartinizing
Founded In20081949
Initial Investment$682,100-$1,586,700$60,000-$385,000
Total Outlet125450
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.

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