LOVELAND, Ohio — Entrepreneur magazine has ranked Martinizing Dry Cleaning at No. 319 in its Franchise 500 and No. 1 in the field of franchised drycleaning and laundry services, according to the Jan. 2010 issue. This is the fifth consecutive year that Martinizing has made the list.
“We’re honored and proud to be recognized in this year’s ranking,” says Jerry Laesser, Martinizing’s vice president of marketing and franchise development. “We’ve seen so many strong brands go under recently, and it shows the dedication we have to our franchisees and the continued growth and success of this brand through both good times and more challenging ones.”
Though 2009 was challenging for many, Martinizing experienced growth, signing 19 exclusive multi-unit development agreements in Florida, Illinois, New Jersey, Utah and New York, the company says.Entrepreneur’s Franchise 500 identifies today’s top franchise opportunities with criteria that include financial strength and stability, growth rate, size, number of years in business, length of time franchising, startup costs, litigation, percentage of terminations and whether the company provides financing, according to the magazine. Entrepreneur partnered with an independent CPA firm, which audited financial data from the franchises, to create the list.
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