A Clean Sweep Lapels Dry Cleaning Makes Entrepreneur’s “franchise 500” And Entrepreneur’s “top 50 New Franchises”

Lapels, an innovative dry cleaning company headquartered in Hanover, MA, is on the move across the country with locations in Massachusetts (Boston, Dedham, Easton, Framingham, Halifax, Hanover, Newton, North Weymouth, Norton, Quincy, Rockland, Westford, Westwood); New Hampshire (Hudson, Manchester); and Texas (Garland). Soon to be in Lincoln, Rhode Island; Concord, Massachusetts; Baton Rouge, Louisiana.

HANOVER, MASSACHUSETTS (Monday, February 14, 2005) - Lapels, an innovative dry cleaning company headquartered in Hanover, MA, cleaned up in Entrepreneur magazine’s 26th Franchise 500 edition, not only making the Franchise 500 list, but also being named one of Entrepreneur’s Top 50 New Franchises.

Lawrence Friedman, CEO and sole owner of the Lapels franchise organization is thrilled to receive Entrepreneur magazine’s recognition. “Entrepreneur's Franchise 500 is the best and most comprehensive rating of franchises in the world,” notes Friedman, “offering objective, quantifiable measures of a franchise operation that we and our franchisees can look at with pride.”

Lapels’ turnkey retail dry cleaning store concept has taken firm hold with twenty independently owned franchises now in operation with locations in Massachusetts, New Hampshire, New Jersey, and Texas. Each Lapels store offers a full slate of dry cleaning services that are sub-contracted to local vendors at pre-approved wholesale prices, enabling all Lapels owner/operators to concentrate on providing faster, friendlier, and more convenient service in an environmentally friendly atmosphere.

Entrepreneur’s Franchise 500

Entrepreneur’s criteria for the Franchise 500 has been honed and perfected over the years, utilizing a formula that yields a ranking procedure that accurately identifies today's top franchise opportunities. Numerous factors are considered in the rankings including financial strength and stability, growth rate and size of the system.

The number of years in business and length of time franchising, start-up costs, litigation, percentage of terminations, and the availability of company provided financing are also taken into consideration. Financial data is independently audited and every company with verifiable data receives a cumulative score. The franchises with the highest cumulative scores then become Entrepreneur’s Franchise 500.

A Rising Star

Lapels was also named one of the newest stars in the franchising universe by Entrepreneur. This ranking lists the 50 top companies that started franchising since 1999, positioned by their scores during the past five years in Entrepreneur's annual Franchise 500.

The Lapels Difference

With Lapels’ unique outsourcing advantage, Lapels storeowners outsource dry cleaning operations, providing the best possible service and quality to customers while caring for the environment.

Lapels franchise owners benefit from exclusive territories, group purchasing power, job security and unlimited earning potential. Lapels offers franchisees full training and support in every aspect of the business and a comprehensive start-up package that includes: a point-of sale computer system; an automatic clothing conveyer; a wedding gown program; retail products to sell; indoor and outdoor signage with all needed permits; a grand opening package and ribbon-cutting ceremony; and advertising promotion to 10,000 homes. Lapels also provides franchisees a custom web site with email, on-going training and support, custom counters, start up supplies, and much more.

Friedman noted, “The beauty of this franchise program is that we do all the research and development as well as set up the entire store. We do all the marketing from the central office. We want the Lapels store owner to focus on the most important part of his business…the customer!”

Store Locations

Lapels has stores in Massachusetts (Boston, Dedham, Easton, Framingham, Halifax, Hanover, Newton, North Weymouth, Norton, Quincy, Rockland, Westford and Westwood); New Hampshire (Hudson and Manchester); and Texas (Garland).

Lapels corporate offices are located at 962 Washington Street, Hanover, MA 02339.

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