One of the main reasons individuals never open their business is because they worry they can’t afford it. At Comet Cleaners, we believe you should never have to put your dreams on the back burner. Once you qualify to own your own dry cleaning franchise, we take the time to help you obtain the finances necessary to start your own company. We understand dealing with finances of a new business can be difficult. Our experienced experts can help!
At Comet Cleaners, we want new franchisees to succeed with their dry cleaning business. That is why we keep our startup costs relatively low.
The one-time franchise fee for Comet Cleaners include:
- Comet Plant Store – $30,000
- Comet Pickup Store – $15,000
- Three Store Package (one plant, two pickup stores) – $50,000
In addition to the one-time startup fee, franchisees must pay an ongoing royalty of 5% every month. While it may seem like a Herculean task to find the money for a dry cleaning franchise, we can help! At Comet Cleaners, we have extensive experience helping franchisees work with third-party lenders to obtain the money they need.
Comet Cleaners is an SBA approved franchise, meaning our dry cleaning franchisees get to enjoy the benefits of a streamlined review process and expedited loan application process.
Other ways you can finance your franchise include:
- Loans from friends and family
- Conventional loans
- Mortgaging your home
When applying for a loan, it is important that you do the proper research and preparations. Some helpful tips include taking an account of your assets and liabilities. It is also important to have a comprehensive business plan you can show to the lender. At Comet Cleaners, we can help you through the entire process of applying for a loan and know of trusted third-party lenders who we can recommend.