March 20, 2017 // Franchising.com // LAKEWOOD, Colo. - ZIPS Dry Cleaners, an aggressively expanding dry cleaning franchise known for its same-day, one-price business model has been recognized in Entrepreneur magazine’s annual Franchise 500® ranking.
The Mid-Atlantic-based company was listed at No. 161, improving a remarkable 164 spots from its previous ranking of No. 325 in 2012. The ranking was published in the January 2017 issue and can be found online at www.entrepreneur.com/franchise500.
“This recognition confirms that ZIPS is a dynamic organization that continues to grow and strives to always provide superior support for its franchisees, and by extension its customers," said ZIPS CEO Reid Bechtle. “With this endorsement from Entrepreneur, and brand loyalty from both our franchisees and customers, this is an exciting time to be part of ZIPS.”
Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500 acknowledged ZIPS Dry Cleaners for its exceptional performance in areas including financial strength and stability, growth rate, and system size.
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. It doesn’t matter if the item is a necktie, a pair of pants or a wedding dress, the flat rate is nearly half the industry average.
Today, ZIPS has nearly 50 locations open and operating throughout the Mid-Atlantic, and boasts a three-year unit growth rate of more than 32 percent. The company also has a total active franchise pipeline that stands at more than 250 stores, all of which are slated to open over the next several years.
According to Bechtle, 2017 is lining up to be ZIPS’ most successful year yet.
“We are actively seeking qualified, multi-unit franchisees to help us grow our national footprint,” Bechtle added, noting that ZIPS has built its growth on working with premier members of the franchise industry and business community – including top ranked multi-unit operators of national brands, military veterans and West Point graduates, Wall Street executives and other entrepreneurs with decades of experience. “We look forward to bringing the brand’s one-of-a-kind services to new parts of the country and becoming the place where residents, families and professionals alike come for their dry cleaning needs.”
With an initial franchise fee of $50,000, the total investment to own and operate a ZIPS franchise is $769,050-$1,022,500.
For more information about ZIPS’ franchise opportunity, please visit www.discover.321zips.com.
Founded in 1996 and franchising since 2006, ZIPS Dry Cleaners is an aggressively expanding dry cleaning franchise known for its same-day, one-price business model. It doesn’t matter if the item is a necktie, a wedding dress or a pair of pants, the flat rate is nearly half the industry average. Headquartered in Greenbelt, MD, ZIPS operates nearly 50 stores in the Mid-Atlantic region, with more than 250 additional locations in various stages of development. For more information, visit www.321zips.com.
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SOURCE ZIPS Dry Cleaners