Lapels Dry Cleaning – 2023 Franchise Disclosure Document (FDD)

This is the 2023 Lapels Dry Cleaning Franchise Disclosure Document (FDD). It is a PDF document available for immediate download upon purchase.

“Lapels businesses are full-service environmentally friendly Dry Cleaning Plants, Satellite Dry Cleaning Stores, Pick Up and Delivery Model and Laundromats. The full range of services offered in each type of Lapels® business includes dry cleaning and shirt service and which also may include laundry, 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 …”
-Lapels Dry Cleaning FDD, 2023

What is in the Lapels Dry Cleaning 2023 Franchise Disclosure Document (FDD)?

The United States Federal Trade Commission requires all franchisors who sell franchises in the USA to compile an FDD each year which covers 23 key items of disclosure about the franchise opportunity. The FDD is written in a federally mandated format that is standardized for all franchises, must be presented in easily understood language, and typically is 100+ pages in length. This document is required to be given to a prospective franchisee before the franchise agreement is signed or any money changes hands. This document is extremely useful to anyone who is researching the history, inner workings, and other critical information and disclosures about the franchise system.

Table of Contents - Lapels Dry Cleaning – 2023 Franchise Disclosure Document (FDD)

Cover Page

Table Of Contents

Disclosure Items 1-23

Item 1: The Franchisor, Its Predecessors, and Affiliates

Item 2: Business Experience

Item 3: Litigation

Item 4: Bankruptcy

Item 5: Initial Franchise Fee

Item 6: Other Fees

Item 7: Initial Investment

Item 8: Restrictions on Sources of Products and Services

Item 9: Franchisee's Obligations

Item 10: Financing

Item 11: Franchisor's Obligations

Item 12: Territory

Item 13: Trademarks

Item 14: Patents, Copyrights, and Proprietary Information

Item 15: Obligation to Participate in and the Actual Operation of the Franchise Business

Item 16: Restrictions on What the Franchisee May Sell

Item 17: Renewal, Termination, Transfer, and Dispute Resolution

Item 18: Public Figures

Item 19: Earnings Claims

Item 20: List of Outlets

Item 21: Financial Statements

Item 22: Contracts

Item 23: Receipt