Pressed4Time Inc.
Dry cleaning pickup & delivery, shoe repairBackground
Founded: 1987 Franchising since: 1990
Los Angeles area accountant Ken Levinson watched as dozens of his co-workers flocked to the parking lot to make a purchase from the food truck. Levinson realized there were many products and services that could be brought to workplaces in the same way. He decided to start a dry cleaning pick-up and delivery system, founding Pressed4Time in 1987.
Franchisor is a privately-held company with 5 employee(s); 2 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada
Exclusive territories available.
Territory size: 30,000 white collar workers (daytime population)
Los Angeles area accountant Ken Levinson watched as dozens of his co-workers flocked to the parking lot to make a purchase from the food truck. Levinson realized there were many products and services that could be brought to workplaces in the same way. He decided to start a dry cleaning pick-up and delivery system, founding Pressed4Time in 1987.
Pressed4Time franchisees set up pick-up and drop-off schedules with local businesses, delivering clothing and other items to local dry cleaners where they are cleaned, mended or altered. The company also collects shoes, handbags and luggage for repairs.
|
8 Clock Tower Pl., #110 Maynard, Massachusetts 01754 |
Phone: (800)423-8711/ (978)823-8300 |
Franchisor is a privately-held company with 5 employee(s); 2 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 140 | 2 | 0 | 0 |
| 2008 | 150 | 2 | 0 | 0 |
| 2007 | 173 | 2 | 0 | 0 |
| 2006 | 162 | 2 | 5 | 0 |
| 2005 | 174 | 3 | 0 | 0 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada
Exclusive territories available.
Territory size: 30,000 white collar workers (daytime population)
Costs and Fees
|
Total investment: $35.9K-44.8K Franchise fee: $29.9K |
Ongoing royalty fee: 3-6% Term of agreement: 10 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Cash liquidity requirement: $50K
Business Experience:
- Marketing skills
Operations
- Franchise can be run from home
- 10% of all franchisees own more than one unit
- Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
Marketing Support
Other marketing support
- Available at headquarters: 3 days
- At franchisee's location: 3 days
- Follow-up at franchisee's location for 1 day
Ongoing Support
- Newsletter
- Meetings
- Toll-free phone line
- Grand opening
- Internet
- Security/safety procedures
- Field operations/evaluations
- Purchasing cooperatives
Marketing Support
- Ad slicks
Other marketing support
- Marketing materials, PR program
Rankings
Franchise 500® rank:
#414 (2009); #451 (2008); #329 (2007); #298 (2006); #284 (2005);
Ranked #1 in category in:
2007; 2006; 2005;
Low-Cost Franchises:
#92 (2009); #88 (2007); #72 (2006); #75 (2005);
Top Home Based Franchises:
#96 (2007); #76 (2006); #76 (2005);
#414 (2009); #451 (2008); #329 (2007); #298 (2006); #284 (2005);
Ranked #1 in category in:
2007; 2006; 2005;
Low-Cost Franchises:
#92 (2009); #88 (2007); #72 (2006); #75 (2005);
Top Home Based Franchises:
#96 (2007); #76 (2006); #76 (2005);