Established
1947
Franchise Units
120
Minimum Investment
$93,000
Franchise Fee
$15,000
Total Investment Range
$970,000
Home Based
No
Description
Comet Cleaners and Laundry stands as a beacon of reliability and excellence in the dry cleaning and laundry industry. Since its inception in 1947, the company has evolved into the largest family-owned dry cleaning chain in the United States. With over 350 franchise locations across 18 states, Comet Cleaners offers a proven business model that combines operational efficiency with a commitment to customer satisfaction. The brand's dedication to quality service, coupled with its innovative approach to garment care, has garnered a loyal customer base and a strong market presence.
Why Invest in this Franchise?
Investing in a Comet Cleaners franchise presents a unique opportunity to tap into a recession-resistant industry with consistent demand. The dry cleaning and laundry sector is valued at approximately $9 billion annually in the U.S., driven by the ongoing need for professional garment care. Comet Cleaners' established brand, comprehensive training programs, and robust support systems provide franchisees with the tools necessary for success. Moreover, the company's commitment to innovation and sustainability ensures that franchisees remain competitive in an ever-evolving market.
Background
Founded: 1947
Founder: R.L. (Jack) Godfrey
Franchise Launch: 1967
Headquarters: Arlington, Texas, USA
Industry Category: Dry Cleaning & Laundry Services
Ownership: Privately held by the Godfrey family
Franchise Units: 120 locations across 18 U.S. states
Brand Journey & History:
The Comet story began in the 1920s when a young Jack Godfrey started working in a tailor shop. By 1924, he opened his first cleaning store, and by 1945, the family introduced the "one-hour dry cleaning" concept—a revolutionary move for the time. Officially incorporated in 1957, the brand began franchising in the late 60s and has since expanded nationwide. Today, Comet Cleaners remains a leader in the Cleaning Services / Dry Cleaning category, known for its technical expertise and family-oriented corporate culture.
Support Training
Comet Cleaners offers a comprehensive support and training program designed to ensure franchisee success:
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Pre-Launch Support: Assistance with site selection, lease negotiation, and store design to ensure optimal location and layout.
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Operational Training: In-depth training covering all aspects of store operations, including garment care techniques, customer service protocols, and inventory management.
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Marketing Support: Access to branded marketing materials, local advertising strategies, and digital marketing tools to drive customer engagement.
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Ongoing Assistance: Continuous support through regular communication, performance evaluations, and updates on industry best practices.
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SBA-Approved Financing: Guidance in securing financing through third-party lenders, with the benefit of an expedited loan application process.
Ideal Candidate
The ideal Comet Cleaners franchisee is:
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Investor Type: Full-time operator with a strong entrepreneurial spirit.
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Business Background: Experience in management or customer service is beneficial; prior dry cleaning experience is not required.
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Passion: A commitment to delivering exceptional customer service and maintaining high operational standards.
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Investment Capability: Ability to meet financial requirements, including a minimum net worth of $500,000 and liquid capital of $150,000.
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Location Preference: Interest in establishing a presence in suburban or urban areas with high foot traffic and a demand for quality garment care services.
Financial Detail
| Financial Aspect | Details / Estimates |
|---|---|
| Total Investment Required | $93,000 - $970,000 |
| Minimum Investment Required | $150,000 (liquid capital) |
| Franchise Fee | $15,000 - $30,000 |
| Royalty Fee | 5% of gross sales |
| Advertising / Marketing Fee | 2% of gross sales |
| Infrastructure / Build-Out Cost | Varies by store size and location; typically includes equipment, interior setup, signage |
| Working Capital Requirement | $50,000 – $100,000 (for operating expenses and initial inventory) |
| Expected ROI | Location-dependent; typically achievable within 2–3 years |
| Break-Even Time | 18–24 months (varies by location and operational efficiency) |
| Revenue Streams | Dry cleaning services, laundry services, alterations, specialty garment care |
| Financing Options | SBA-approved loans and third-party financing guidance available |