March 23, 2015 // Franchising.com // GREENBELT, Md. – Shahid Hashmi, owner of the ZIPS Dry Cleaners in Essex, Maryland, was recently profiled in Multi-Unit Franchisee magazine’s "Mega 99" issue, an annual list of the biggest players in franchising – the ones with dozens, even hundreds, of units, and plans for many more.
According to Hashmi’s profile, he wishes he’d gotten into franchising earlier, but according to reporter Helen Bond, who interviewed Hashmi for the piece, "he’s doing a heck of a job making up for lost time in a big way."
Armed with two MBAs and 20 years of financial experience in the telecom industry, Hashmi considered his initial foray into franchising an investment when he opened a Popeyes Louisiana Kitchen store in Washington, D.C. in 1994. He soon would quit his day job after discovering he needed to be more than just a weekend boss.
"If you are an entrepreneur, you can’t be part-time," Hashmi said.
Today, the multi-unit franchisee’s holdings in the Mid-Atlantic and Northeast regions include 45 Popeye Louisiana Kitchens, 2 Burger Kings, 2 Retro Fitness gyms, and, most recently, ZIPS Dry Cleaners. In five years, he hopes to have 100 Popeyes, another 50 or 60 Burger Kings, and expand the ZIPS Dry Cleaners brand into new markets. He predicts this aggressive growth plan will top $150 million in revenue in the next 10 years.
"Planning and hard work are the two ingredients for success in franchising," Hashmi added. "If you are persistent, your planning and hard work will pay off."
In addition to highlighting the continued expansion of Hashmi’s franchise portfolio, the three-page spread featured his personal story, including his tales of success, failure, and lessons learned.
"Shahid represents the new breed of franchisees that we are successfully attracting," said ZIPS CEO Reid Bechtle. "We are getting increased interest from high profile franchisees that are not only looking to add to their existing portfolios, but also be part of our category leading, highly profitable franchise opportunity."
The entire "Mega 99" issue can be viewed at http://www.joomag.com/magazine/multi-unit-franchisee-magazine-issue-i-2015/0904436001423605738?short.
For more information about franchise opportunities with ZIPS Dry Cleaners, please call (877) 321-9477. Major Markets are currently available for development.
Founded in 1996 and franchising since 2006, ZIPS Dry Cleaners’ successful business model is based on a concept revolutionary to the industry and clearly in high demand to today's dry cleaning customer – dry cleaning that is ready for pick-up the same day it's dropped off and all for a flat-rate price of $1.99. Headquartered in Greenbelt, MD, ZIPS operates 40 stores in the Mid-Atlantic region. For more information, visit www.321zips.com.
SOURCE ZIPS Dry Cleaners