MINNEAPOLIS — Franchise Times, a trade magazine covering the franchise community, has named four franchises offering drycleaning services among those in its annual Top 200+ for 2015.
The Franchise Times Top 200+ is an annual ranking of the 200 largest franchise systems in the U.S. by global systemwide sales, based on the previous year’s performance. This year, for the fourth time, it also ranked the next 300 systems, for a total of 500.
Making the 2015 list:
- COIT, Burlingame, Calif., No. 304; 46 U.S. locations, system sales of $107,000,000
- Certified Restoration Drycleaning Network (CRDN), Berkeley, Mich., No. 306; 136 U.S. locations, system sales of $105,210,946
- Comet Cleaners, Arlington, Texas, No. 333; 195 U.S. locations, system sales of $83,736,000
- ZIPS Dry Cleaners, No. 410; 40 U.S. locations, system sales of $40,000,000
The publication uses a combination of companies’ voluntary reports and publicly available data, including the franchises’ most recent franchise disclosure documents and Securities and Exchange Commission filings.
To qualify, a company must be a legal U.S. franchise. Franchisees must own at least 15% of the company’s total units. The company must also be based in the United States, or have at least 10% of its total units in the United States.
The top five franchises among all industries were McDonald’s, 7-Eleven, KFC, Subway and Burger King.
To learn more, you can find the Franchise Times Top 200+ database HERE.