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Comet One-Hour Cleaners

We offer a turn-key opportunity in the laundry and dry-cleaning business. Site evaluation, complete training and installation are just a few of the services that COMET offers. There is a franchise fee of $250 per month required, as opposedto other franchisors that require a percent of your gross income per year.

Franchisor Background

Year Established:

1960

Franchising Since:

1967

Operating Units:
Franchised Units:	272	96.5%
Company-Owned Units:	10	3.5%
	______	_____
Total Operating Units:	282	100%

Geographic Distribution:
U.S.:	282	96.9%	In 15 States
Canada:	0	0%	In 0 Canadian Provinces
International:	9	3.1%	In 0 Foreign Countries
	______	_____
Total:	291	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Texas	206
2. Arkansas	30
3. Indiana	17

Registered in Following Registration States:

California

Financial Requirements

Investment:
Minimum Net Worth:	$80K
Cash Investment:	$80-100K
Total Investment:	$200-400K
Average Total Investment:	$300K

Fees:
Initial Franchise Fee:	$25K
Average Franchise Fee:	$25K
On-Going Royalty:	0%
Average Royalty:	0%
Advertising Fee:	NA

Average Number of Employees:

6 Full-time, 2-3 Part-time

Space Needs (in square footage):

1,800-2,000

Preferred Sites:

Strip Center

Other Sites:

Encourage Conversions?

Earnings Claims Provided?

Listed in the SBA Registry?

Support and Training

International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	12
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Direct

Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified

On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	At Additional Cost
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees

Training:
1. Waco, TX	1 Week
2. Store	1 Week

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	4
General Business Experience:	4
Specific Industry Experience:	1
Formal Education:	3
Psychological Profile:	3
Personal Interview(s):	4

Minority Representation

Units Owned by Minorities:
African-American:	N/A
Asian-American:	20
Hispanic:	6
Native American:	N/A
Other:	N/A
Specific Minority:	Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:	5/5/5 Year(s)
Term of Renewal Period:	Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, All United States
Canada:	No
Overseas:	No

Franchisor Background

Year Established:

Franchising Since:

Operating Units:

Geographic Distribution:

North America: