Description:
With thousands of copies sold, this guide has
received wide acclaim as the ideal initial source for investors wanting to pursue a career in dry cleaning ownership. This guide is not available in bookstores or anywhere else online.
Included in this book:
1. Examining industry myths and facts--many proprietors prosper in this industry while others fail. Reader gets simple and explanatory insight as to why this is so.
2. Is it financially lucrative? Author determines that this is relative to the particular circumstances of a potential investor. Easy self-examination criteria are outlined.
3. Should you buy an existing plant or open a new store? Merits of both options are discussed. Author is particularly emphatic on this subject matter.
4. Where can you find plants for sale? Resources for finding existing dry cleaning stores available for sale are offered along with strategic pursuit tips.
5. How can you secure financing? Author offers much detailed information on financing options including leasing and lease-purchase plans.
6. How do you determine the value of an existing dry cleaning store? One of the Guide's greatest acclaims is detailed information on how to value an existing store. This includes easy-to-follow Sample Balance Sheet, Sample Statement of Income, Sample Fixed Assets and Depreciation Schedule, Seller Valuation formulas, Pre-Purchase Checklist, Equipment Considerations, and much much more.
7. How do you select and train personnel? The author offers much insight into particulars regarding the selection and training of personnel to meet immediate and long-term needs. Also offered is a simple labor ratio formula to help investors manage labor costs.
8. How can you receive education to begin dry cleaning? Specific courses in dry cleaning operation and management are referred to. These courses can be studied on a correspondence basis at the student's own pace. Author reveals where to go and who to contact to initiate the education process. Also offered are helpful cooperative education suggestions.
* Evaluating/maintaining a quality standard
* Production analyses
* Common Habits that tend to impact operating costs
* Industry trends and requirements.
* Evaluating the performance of a new store
* The future of the industry
* Much, much more.
Testimonials:
This investor's guide tackles a very tough subject matter in a simple, clear manner...Excellent depth of material in covering comprehensive dry cleaning investing"
Stan Golomb, founder of The Golomb Group, dry cleaning consultants, Chicago, IL
"Extremely well written...all situations are carefully considered. I read the book twice in one sitting and was amazed at the author's industry insight...A must-purchase book for anyone seeking a career in dry cleaning"
Ken Faig, former Executive Director, International Fabricare Institute, Silver Spring, Maryland
"My Company was considering creating an investor's guide for dry cleaning until we found this one...Incredible detail on dry cleaning investment and long-term management. Not just recommended reading, but required!"
Bob Bell, Bob Bell and Associates, Florida
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