Tide Cleaners Named a Top Growth Franchise by Entrepreneur Magazine
Tide Cleaners, the nation’s leading on-demand dry cleaning and laundry service franchise, was recently ranked in Entrepreneur magazine’s first Top Growth Franchises list. This list recognizes the 150 companies with the greatest positive franchise unit growth in North America over a three-year period, based on data submitted for Entrepreneur’s Franchise 500® ranking. Thanks to its exceptional growth, Tide Cleaners was ranked number 69.
CINCINNATI (PRWEB) September 24, 2020 - Tide Cleaners, the nation’s leading on-demand dry cleaning and laundry service franchise, was recently ranked in Entrepreneur magazine’s first Top Growth Franchises list. This list recognizes the 150 companies with the greatest positive franchise unit growth in North America over a three-year period, based on data submitted for Entrepreneur’s Franchise 500® ranking. Thanks to its exceptional growth, Tide Cleaners was ranked number 69.
Tide Cleaners is currently ranked number 97 in the magazine’s Franchise 500, the world’s first, best and most comprehensive franchise ranking. Placement in the prestigious list is a highly sought-after honor in the franchise industry.
“Tide Cleaners is a competitive brand in a growing, in-demand industry,” says Director of Franchising at Tide Cleaners, Clare Moore. “Earning a spot in the Top Growth Franchises list demonstrates the company’s success and commitment to franchise development.”
"By maintaining steady, sustained growth over several years, these franchises have demonstrated that they have the systems in place to support their franchisees and help them become successful,” says Jason Feifer, Entrepreneur’s editor-in-chief. “Now, as these and other companies around the country face unprecedented challenges, they may see their growth slow, but that record of success could prove more important than ever."
To determine the 2020 Top Growth Franchises ranking, Entrepreneur looked at each company’s United States’ and Canadian franchise numbers over a three-year period (from July 2016 to July 2019; given the rapid changes, COVID-19 impacts weren’t taken into account). To qualify, companies had to have positive growth of at least five units each year. They were ranked based on a formula that considers their total positive U.S. and Canadian franchise growth over the three years as well as factors that negatively affect growth, such as terminations, nonrenewals, and other closures.
To view Tide Cleaners in the full ranking, visit the Entrepreneur website. Results can also be seen in the September issue of Entrepreneur.
About Tide Cleaners
Tide Cleaners represents Tide, America’s number-one laundry detergent, that has been a trusted brand for more than 70 years. Agile Pursuits Franchising, Inc., a wholly-owned subsidiary of Procter and Gamble, launched Tide Cleaners, a brick-and-mortar dry cleaning and laundry concept, in 2008 with headquarters in Cincinnati, Ohio. Tide Cleaners is currently the second-largest dry cleaner in the United States based on number of units and is tracking to be number one by the end of 2020.
The Tide Cleaners business model provides numerous solutions to make getting clean clothes more convenient for busy people. Based in Cincinnati, Ohio, the company has 180 locally-owned and operated locations in more than two dozen states and over 1,800 locker locations across the U.S.
About Procter & Gamble
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit their website for the latest news and information about P&G and its brands.
SOURCE Tide Cleaners
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