Zips Dry Cleaners Franchise is known for its incredible price. If you want to diversify your portfolio with a remunerative franchise, then Zips Dry Cleaners must be a great opportunity for you.
To know more about Zips Dry Cleaners, go through our in-depth article and see Zips Dry Cleaners franchise profitability, fee, cost, eligibility, and so on. So, let’s begin!
About Zips Dry Cleaners
In 1996, Zips Dry Cleaners was founded by eight dry cleaning companies that aimed to create one powerhouse brand.
Within a few years, they created history and became a well-known brand in dry-cleaning services.
Now it has more than 12 units across the United States and is rapidly growing. It has a perfect system that reduces cleaning costs while increasing green efficiency.
The business model of Zips Dry Cleaners is also very flexible. They offer franchise opportunities to candidates without any prior experience, but the requirement for investment is a bit high.
They provide third-party financing to franchises. Moreover, they also provide training and support to all franchisees to enhance business growth.
And lastly, they provide 100% off on franchisee fees for those candidates who are eligible for veteran discounts.
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Zips Dry Cleaners Franchise Model
| Initial Investment | $600,650 – $769,500 |
| Franchise-Fee | $30,000 to $60,000 |
| Royalty-Fee | 6% |
| Area Requirement | N/A |
| Total Outlet | 12 |
Training & Support
Zips Dry Cleaners provide a comprehensive training program to all new franchisees.
The duration of their training program is of 6 weeks, in which they will guide the techniques and processes specific to both laundry and dry cleaning.
Also, they guide you about other business management skills like back-office systems, customer care handling, daily operation, and management.
Moreover, they also give advertising material, marketing, promotional guidelines training, and so on to enhance your business growth.
Term & Renewal Of Agreement
The initial length of the Zips Dry Cleaners agreement is 10 years. After the completion of the initial term, renewal of the term is available.
But this renewal is not the same as the initial term. The length of the renewal of the term is 5 years.
However, for the renewal of the agreement, the franchisee has to satisfy the required pre-condition for renewal.
Zips Dry Cleaners Financial Assistance
Zips Dry Cleaners and its affiliates never provide direct or indirect financing options to franchisees for the establishment of the franchise business.
Subsequently, they do not guarantee any franchisees a promissory note, lease, or any other obligations. But they have built good relations with a third-party lender and banks, through which they may be able to allow the source of financing.
However, third-party financing is required to fulfill some conditions, like a good credit report. If franchisees don’t meet certain conditions, then their application for financing can be rejected.
Zips Dry Cleaners Comparison
| Company | Zips Dry Cleaners | Lapels |
|---|---|---|
| Founded In | 1996 | 2002 |
| Initial Investment | $600,650 – $769,500 | $391,031-$731,122 |
| Franchise-Fee | $30,000 to $60,000 | $50,000 |
| Total Outlet | 12 | 43 |
| Annual Revenue | $5 Million | $17.9 Million |
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Frequently Asked Question
How many Zips Dry Cleaners franchises are there?
Zips Dry Cleaners has more than 12 units across the U.S.
How much does it cost to own Zips Dry Cleaners Franchise?
An initial investment required to open a Zips Dry Cleaners Franchise is $600,650 – $769,500.
Does the Zips Dry Cleaners franchise offer finance?
Yes, Zips Dry Cleaners franchisees offer a third-party financing option.
Where is Zips Dry Cleaners headquarters?
Greenbelt, Maryland
Is Zips Dry Cleaners a franchise?
ZIPS is one of the top most Dry Cleaning Franchises opportunities.
How much does a Zips Dry Cleaners Franchise Cost?
To buy a Zips Dry Cleaners franchise, you’ll require an investment of $600,650 – $769,500 and $30,000 to $60,000 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.