
Website: www.lapelsfranchise.com
Franchise Fee: $60,000
Royalties: 6%
Cash Investment: $125,000
Total Investment: $40,900 - $796,742
Net Worth: $350,000
VetFran: Yes
SBA Approved: Yes
Master Franchise / Area Developer Opportunity: No
Lapels has created a brand new experience for the Dry Cleaning Customer. Lapels stores are clean, technologically advanced and offer our customers an efficient and pleasant way to take care of their dry cleaning needs.
For Potential Lapels owners Lapels offers a fantastic business opportunity that features solid return on investment, operating margins and is recession resistant. Dry Cleaning is not a fad...it's been around forever and continues to grown despite the economy.
Our Hub & Spokes business model offers operators to build an Environmentally Friendly Plant and then strategically add Satellite Stores that continue to feed the plant and increase net margins.
WHY Lapels Dry Cleaning?
Scalable business model
Multiple revenue streams – Plant, Satellite, Delivery, 24/7 Lockers and on demand
No inventory and under 5% cost of goods
OUR IDEAL FRANCHISEE
Corp Business leadership
Self-driven
People oriented
Follows systems and does not want to create them
Ability to manage through KPI’s and PnL metrics
AVAILABLE MARKETS
US markets available: All except noted below
HOT Regions/Desirable: All available markets
NOT available: Please submit Territory Check
Available in Canada: Yes
International Referrals: Yes
BACKGROUND
Established: 2000
First Unit Franchised: 2001
Franchised Units: 100+
Company Owned Units: 5
Passive Ownership: YES
Home Based: NO
B2B: No
Master Franchise Opportunities: TBD
FINANCIAL DETAILS
Franchise Fee: $60,000
Providing earnings guidance in Item 19 in FDD: Yes
Total Investment: $40,900 - $796,742 (lower range of delivery model to the high range of plant model)
Minimum Net Worth: $350,000
Royalty: 6%
Ad: Average Number of Employees: 3-10
Financial Assistance Provided: Yes
VetFran program: Yes
SUPPORT & TRAINING PROVIDED:
Training and support program details:
The best training in the Dry Cleaning industry that consists of 7 days
at our Corporate Office and a live Training Store. Also training
during pre-opening / soft opening period at your location.
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: Yes
Year founded: 2000
Year Franchised: 2000
Home Based: No
| Franchise Fee: | $60,000 |
|---|---|
| Providing Earnings Guidance in Item 19 in FDD: | Yes |
| Total Investment Range: |
Single Unit: $40,900 - $796,742 |
| Net Worth Requirement: | $350,000 |
| Royalty: | 6% |
| VetFran Program: | Yes |
There are currently no resales listed for this franchise.