Evans Garment Restoration
Evans Garment Restoration franchises allow operators to convert existing dry-cleaning facilities into specialized restoration centers under the LYONS RESTORES® brand. Known for garment and textile repair, this franchise operates in the restoration services sector.
Evans Garment Restoration franchise FAQ
How much does it cost to open one — the total initial investment?
This isn't specified in the excerpts. The provided FDD excerpts cover minimum royalty payments, technology fees, and initial computer hardware costs but do not give a comprehensive breakdown of the total initial investment required to open a franchise location.
What is the initial franchise fee?
The initial franchise fee is $40,000 and it is non-refundable, deemed fully earned upon payment in consideration of administrative and other expenses incurred by the franchisor and for its lost or deferred opportunity to license others. [p.112]
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is based on 'Gross Sales,' with a minimum payment required, typically 6% of Gross Sales or the Minimum Royalty as defined. There are also mandatory minimum payments for advertising funds that must be made regardless of sales levels [p.5, p.112].
How long is the initial franchise agreement, and can I renew it?
The initial term of the franchise agreement is typically 5 years [p.97]. To renew the franchise rights, you must comply with various conditions, including payment of a Renewal Fee, as specified in the franchise agreement [p.18].
Can I sell or transfer my franchise, and what does that require?
According to [p.6], the franchisor can refuse to permit a transfer of ownership of a franchise except for good cause. Good cause includes but is not limited to unspecified factors. This means you cannot freely sell or transfer your franchise without the franchisor's approval, which may be granted or denied based on certain criteria deemed by the franchisor as "good cause."
On what grounds can the franchisor terminate the agreement?
The franchisor may terminate the agreement on any grounds available by law, and specifically, if the franchisee fails to comply with any lawful provision of the franchise agreement and does not cure such failure within a reasonable time frame [p.6]. Additionally, this isn't specified in the excerpts for other explicit grounds.
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The FDD does not provide specific financial requirements for net worth or liquid capital needed to qualify as a franchisee. However, it does state that the transferee must have adequate financial resources and capital to meet performance obligations under the agreement [p.137].
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You may face competition from other franchisees, outlets owned by the company, or other channels of distribution or competitive brands that the company controls [p.178, p.180]. However, the franchisor will not establish or license any third party to operate a Business within your Territory, except as otherwise provided in the Agreement [p.110].
What training and ongoing support does the franchisor provide?
The franchisor provides initial training programs as described in Section 8 herein [p.120], including sales, production, and customer requirement trainings for different roles. They may also hold refresher and ongoing training courses upon a significant change to the system or at Franchisee's request [p.120]. Additionally, the franchisor will provide updated training materials from time to time [p.41], and there is an option for additional or replacement employee training at their corporate headquarters, their selected location, or your business [p.40].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor may provide actual records of an existing outlet if you are purchasing one, but generally does not make any representations about future financial performance. The franchisor can provide financial performance information only if there is a reasonable basis for it and it is included in the disclosure document [p.62]. Any other financial performance information or projections should be reported to specified entities as outlined on page 64.
What am I restricted to selling, and where must I buy supplies?
You are required to offer and provide the Approved Services and Products in accordance with the franchisor's standards. You may generally buy or lease original and replacement equipment, fixtures, and supplies from any source, including the franchisor and their affiliates, although some items must be obtained only from Approved Suppliers as specified in the Operations Manual [p.28]. Additionally, you must purchase beginning and ongoing inventory of merchandise and supplies, including Proprietary Products, from the franchisor or approved vendors listed in the Operations Manual [p.26] and [p.28].