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ZIPS Dry Cleaners

ZIPS® is ‘America’s One Price Dry Cleaner’. Our successful business model is based on the revolutionary concept of offering any garment dry cleaned for just $1.99 AND ready for pick-up the same day – that’s less than half the price of today’s industry average! ZIPS® is expanding, offering franchise opportunities to qualified individuals and groups. If selected, you may be part of the ZIPS® revolution with a ZIPS Dry Cleaners® franchise of your own!

Franchisor Background

Year Established:

1996

Franchising Since:

2006

IFA Member

Operating Units:
Franchised Units:	24	100%
Company-Owned Units:	0	0%
	______	_____
Total Operating Units:	24	100%

Geographic Distribution:
U.S.:	24	100%	In 4 States
Canada:	0	0%	In 0 Canadian Provinces
International:	0	0%	In 0 Foreign Countries
	______	_____
Total:	24	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Maryland	11
2. Virginia	6
3. Pennsylvania	3

Registered in Following Registration States:

Florida, Maryland, New York, Rhode Island, Virginia, District Of Columbia

Financial Requirements

Investment:
Minimum Net Worth:	$450K
Cash Investment:	$150-225K
Total Investment:	$600.7-770K
Average Total Investment:	$685K

Fees:
Initial Franchise Fee:	$50K
Average Franchise Fee:	$50K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	4%

Average Number of Employees:

4-8 Full-time, 6-10 Part-time

Space Needs (in square footage):

3500

Preferred Sites:

Other Sites:

Encourage Conversions?

Earnings Claims Provided?

Yes

Listed in the SBA Registry?

Support and Training

International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	5
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No

Marketing Support:
Co-Op Advertising:	Yes
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	Ad Slicks, Coupons/rebates, Direct Mailers
Additional Services:	None Specified
Other Marketing Support:	None Specified

On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
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. Existing store	7 weeks
2. Corp Office	1 week

Franchisee Qualifications

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

Financial Net Worth:	5
General Business Experience:	5
Specific Industry Experience:	1
Formal Education:	1
Psychological Profile:	4
Personal Interview(s):	5

Minority Representation

Units Owned by Minorities:
African-American:	N/A
Asian-American:	N/A
Hispanic:	N/A
Native American:	N/A
Other:	N/A
Specific Minority:	N/A

Terms of Contract

Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 3 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, mid atlantic
Canada:	No
Overseas:	No

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Franchisor Background

Year Established:

Franchising Since:

IFA Member

Operating Units:

Geographic Distribution:

North America: