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FranchiseVerdict

Lapels Dry Cleaning vs Renew Medic

Franchise Comparison 2026

Both Lapels Dry Cleaning and Renew Medic are cleaning & maintenance franchises. Lapels Dry Cleaning requires an investment of $536K – $797K while Renew Medic requires $423K – $734K. Lapels Dry Cleaning discloses average revenue of $423K; Renew Medic makes no financial performance representation in its Item 19, which is voluntary under the FTC Franchise Rule. Note: Reported for a subset of outlets rather than the whole system. Lapels Dry Cleaning has SBA lending data on file with a 30.0% charge-off rate. FranchiseVerdict rates Lapels Dry Cleaning C (Average) and Renew Medic B (Above average).

Investment Range
$536K – $797K
$423K – $734K
Franchise Fee
$27K
$75K
Royalty Rate
6.0%
7.0%
Average Revenue (Item 19)
$423KOutlet subset
N/ANo Item 19 representation
SBA Charge-Off Rate
30.0% (12 loans)
Limited data
Total Units
83
8
Unit Growth (YoY)
+2 units
+4 units
Year Began Franchising
2018
2024
FDD Year
2026
2025