Many people ask us about the impact of the Pandemic on our business and the industry. The below information can be found in our Franchise Disclosure Document and is intended to demonstrate how strong the Lapels brand has come back from both a customer count and dollars perspective. We have many stores hitting new highs – some of which have been in the program for decades.
The pandemic proved the strength of our business model with our curbside pickup, delivery to home and offices and the online presence we have built to attract new customers that had been displaced from their last cleaner.
There has never been a better time to get into an industry that has been around for decades and has proven its resiliency.
The above chart displays the Inbound Net Total Revenue by month and year. It is comprised of data from 33 Plant units, 28 Satellites units, and 3 Delivery Only units that first opened before 1/1/2023 and operating as of 12/31/24. The chart excludes data for 1 Plant unit, 2 Satellite units, and 2 Delivery Only, as these units did not use our standard point of sale system and data was not available.
The above table reflects the Top, Average, Median, and Lowest Gross Sales of certain franchised outlets. For purposes of this table, an “Enterprise” is defined as one or more than one franchised outlet owned by a single individual, group, or business entity.
Plant Plus Satellite includes 8 enterprises with a single plant and a single satellite unit both that have been open 2 years as of December 31st 2024 who report using our standard Point of Sale software. 3/9 Enterprises exceed Average Annual Net Sales. 25 Plant units, 21 Satellite units and 5 Delivery Only units have been excluded due to not fitting the criteria stated.
Plant Only includes 33 plant units which have been open 2 years as of December 31st 2024 who report using our standard Point of Sale software. 14/33 Plant stores exceeded Average Annual Net Sales. 1 Plant unit, 30 Satellite units and 5 Delivery Only units have been excluded due to not fitting the criteria stated.
Satellite Only includes 28 satellite units which have been open 2 years as of December 31st 2024 who report using our standard Point of Sale software. 10/28 Satellite stores exceeded Average Annual Net Sales. 34 Plant Units, 2 Satellite units and 5 Delivery Only units have been excluded due to not fitting the criteria stated.
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