When it comes to franchise financing, the main reason most individuals do not open their business is because they worry about the cost. At Comet Cleaners, we believe no one should have to put their dreams of owning a business on the back burner. Once you qualify to own your own dry cleaning and laundry franchise, we take the time to help you obtain the finances necessary to get you going. We totally understand dealing with finances of a new business can be difficult and overwhelming. 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. This means our dry cleaning and laundry franchisees 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 financing, it is important to do the proper research and preparation. Some helpful tips include taking an account of your assets and liabilities. It is also important to have a comprehensive business plan to show the lender. At Comet Cleaners, we assist you through the entire process of applying for a loan. We can also recommend trusted third-party lenders our franchisees have had success with in the past.