Lapels Franchise Analysis

Franchise Opportunity Data

Lapels businesses are full-service, environmentally friendly, Dry Cleaning Plants and Satellite Dry Cleaning Stores. Each type of business offers a full range of services including dry cleaning and shirt service and which may also include tailoring, shoe repair, wedding gown and fur storage, suede and leather processing, and other ancillary services.

What are the requirements to buy a Lapels franchise?

Lapels has an initial franchise fee of up to $50,000, with a total upfront investment range from $391,031 to $710,122.

• Initial Franchise Fee: $50,000
• Total Investment: $391,031 to $710,122
• Working Capital: $20,000 to $140,000
• Royalty Fee: 5.0%

The initial purchase price of any franchise opportunity includes multiple fees. Unlock this franchise opportunity to better understand the specific costs required to own a Lapels, such as franchise fees, construction and costs, pre-opening marketing, and equipment purchases. It should be noted that, franchise companies must to disclose all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay. Another important consideration to review is whether the initial fees are refundable or not. The franchisor must disclose what criteria any of the initial fees are refundable. A franchisor must also disclose a range of fees if its initial fees are not uniform within the system. A thorough review of the Item 5 initial fees will give you the answers needed to make a buying decision a Lapels.

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How much does a Lapels franchise owner make?

As with any new franchise, the franchisee's income and the revenue from a Lapels business depends on many factors. One way to confirm the potential revenues or profits generated from a Lapels franchise investment is to analzye the franchisor's Item 19 within their Franchise Disclosure Document. Usually, profits and owner's income are proportionate to the size of the investment and number of locations you purchase. Demand for your products, your labor costs, commercial lease rates and several other variables also play a huge role in your bottom line and your personal income

For additional information and franchise specific on the revenue of a Lapels franchise opportunity, unlock this franchise

How many franchise locations does Lapels franchise system operate?

As of the 2020 Franchise Disclosure Document, there are 89 franchised Lapels locations throughout the United States.

Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.

Are there any Lapels franchise opportunities near me?

Based on 2020 FDD information, Lapels has franchise locations in 15 states. There may be no locations in several states as each franchise plans their development strategy differently.

Based on our research this franchise opportunity is growing into new states and might be available near you. While planning your franchise purchase, you should be considering where is a good location for my franchise. Anlayze the potential customer base to confirm that your city has a need or a market for this brand. Even the most popular franchises have states that they do not succeed in. The reasons why a specific franchise location can fail can be plentiful. You should analyze not only the franchised business itself, but map out locations where you think it has a better chance of long-term success.

One of our researchers will have detailed knowledge about this franchise opportunity. Unlock to learn more and speak with our advisors.

Last Reviewed: 2020