Lapels Dry Cleaning FDD Summary
Type of Business
Lapels® businesses are full-service environmentally friendly Dry Cleaning Plants and Satellite Dry Cleaning Stores. Each type of Lapels® business offers a full range of services including dry cleaning and shirt service and which also may include tailoring, shoe repair, wedding gown and fur storage, suede and leather processing and other ancillary services. Depending on the type of business, some or all of the services connected with the store are sub-contracted to qualified professionals.
Corporate Information
Next Step Franchising, Inc. is a corporation formed under Massachusetts law on September 28, 2000. Their principal business address is 962 Washington Street, Hanover, Massachusetts 02339. They changed their name in September 2005 from BJL Companies, Ltd. to Next Step Franchising, Inc. They have offered franchises since October 2000.
Investment
The total investment necessary to begin operation of a Lapels® franchise depends on the type of business you choose. The franchisor offers two options: a Full Service Environmentally Friendly Dry Cleaning Plant or a Satellite Store. The total investment necessary to begin operation of a Lapels® Full Service Environmentally Friendly Dry Cleaning Plant ranges between $356,031 and $529,911. This includes an initial investment of $342,751 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a Lapels® Satellite Store ranges between $86,502 and $174,212. This includes an initial investment of $76,312 that must be paid to the franchisor or its affiliates.