MIAMI — EnviroStar Inc. reports it has sold a Master Franchise license for the country of Mexico through its wholly owned subsidiary, DryClean USA License Corp.
EnviroStar had previously established an office in Mexico for the purpose of expanding the number of individual franchises. With this sale, it will be the Master Franchisor’s responsibility to further develop the country and add to the number of existing franchisees, the company says.
“The company has met a strategic goal with this sale for the further development of its drycleaning and franchise business,” says Michael S. Steiner, president and chairman of the board. “It also enables the company to focus on other Latin American countries to establish other Master Franchises, and through them increase the company’s equipment sales in addition to royalty revenues.”
EnviroStar distributes commercial and industrial laundry and drycleaning equipment and steam boilers through its subsidiaries.