Lapels Dry Cleaning
Next Step Franchising, LLC
Free for qualified buyers
Investment Range
$426,748 - $777,300
Franchise Fee
$60,000
Royalty
6%
Marketing Fee
3%
Total Units
81
Median Revenue
$404,845/yr
Unit Growth
2022
83
2023
83
2024
81
Initial Investment Breakdown
| Category | Low | High |
|---|---|---|
| Initial Franchise Fee | $60,000 | $60,000 |
| Travel And Living Expenses While Training | $250 | $3,000 |
| Real Estate and Prepaid Rent, Security And Utility Deposits | $0 | $15,000 |
| Leasehold improvements | $0 | $160,000 |
| Start Up Supplies and Equipment Package | $257,648 | $293,100 |
| + 8 more categories (apply to see all) | ||
| TOTAL INVESTMENT | $426,748 | $777,300 |
Financial Performance Data
Access detailed revenue metrics, expense breakdowns, and profitability data from the Item 19 Financial Performance Representation.
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Apply for Free AccessIs Lapels Dry Cleaning a Good Investment?
Based on the FDD data, here are key factors to consider when evaluating a Lapels Dry Cleaning franchise opportunity:
Potential Advantages
- •Financial Performance Representation (Item 19) available for review
Considerations
- •Declining unit count may indicate market challenges
- •Litigation history disclosed in FDD (review Item 3 carefully)
- •Higher initial investment requires significant capital
Disclaimer: This analysis is based on publicly available FDD data and should not be considered financial advice. Always consult with a franchise attorney and accountant before making any investment decision.
Frequently Asked Questions About Lapels Dry Cleaning
How much does a Lapels Dry Cleaning franchise cost?
The total initial investment for a Lapels Dry Cleaning franchise ranges from $426,748 to $777,300. This includes the franchise fee, equipment, inventory, real estate, and other startup costs as disclosed in the FDD.
What is the Lapels Dry Cleaning franchise fee?
The initial franchise fee for Lapels Dry Cleaning ranges from $60,000 to $60,000.
What are the ongoing fees for a Lapels Dry Cleaning franchise?
Lapels Dry Cleaning franchisees pay a 6% royalty fee and a 3% marketing/advertising fee on an ongoing basis.
How many Lapels Dry Cleaning franchise locations are there?
Lapels Dry Cleaning currently operates 81 franchise locations. This includes both franchised and company-owned units.
Quick Facts
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- Financial performance metrics
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- Historical year-over-year trends
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- Download FDD documents
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