ZIPS Dry Cleaners FDD – Franchise Information, Costs and Fees
Type of Business
If you are awarded a ZIPS Cleaners franchise, you will operate a garment care business under the name “ZIPS®”
Corporate Information
ZIPS Franchising, LLC is a Maryland limited liability company formed on August 30, 2004 and is a wholly-owned subsidiary of Value Drycleaners of America, LLC. Their principal place of business is 8510 Corridor Road, Suite 200, Savage, Maryland 20763. They do business under the name “ZIPS Dry Cleaners®” and “ZIPS®.” They began offering franchises for ZIPS Dry Cleaners Business in 2006.
Investment
The total investment necessary to begin operation of a franchised ZIPS Cleaners Business ranges from $739,700 to $1,175,000 for a ZIPS Cleaners Business which has its own on-site processing plant facility. The total investment necessary to begin operation of a franchised ZIPS Cleaners Business ranges from $163,250 to $338,000 for a Cleaners Business which has only drop-off facilities. The Cleaners Business with drop-off facilities is only available to franchisees that own an outlet with a processing plant. This range includes $37,500 that must be paid to the franchisor or its affiliate(s). If you sign a Development Agreement, you must (a) develop two (2) or more ZIPS Cleaners Businesses, the first of which, in certain circumstances, must be a Franchised Business with its own cleaning facility, and (b) pay to franchisor or its affiliates a development fee equal to $10,000 per Franchised Business, which will be credited against the initial franchise fee(s) due under each Franchise Agreement. The total investment necessary for a Development Agreement ranges from $23,000 to $25,000.