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 Martinizing was ranked 319 overall in this year’s Entrepreneur’s Franchise 500® and number one in their field of franchised dry cleaning and laundry services. This is the fifth consecutive year the company has been recognized. Though 2009 has been challenging for many, Martinizing has experienced growth when several of its competitors are either curbing development or shuttering altogether. Since January, 19 exclusive multi-unit development agreements have been signed in areas such as South Florida, Joliet, IL, New Jersey, Salt Lake City, UT and Rochester, NY totaling more than 120 new stores that have opened or will open within the next five years. "We’re honored and proud to be recognized in this year’s ranking," said 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."
Lapels Dry Cleaning Eliminates Percentage Royalty Fees! Lapels Dry Cleaning Franchise sales topped the 50 unit mark in 2009 putting Next Step Franchising, Inc. in a position to reward the franchisees that have been integral to the growth of the brand in the early years and offer an incentive to those who are considering joining their rapidly growing franchise program. "We’ve always had a vision that when we hit the 50 franchise milestone we would do something to reward those franchisees that helped us get to this point," says Michael Eisner, Director of Sales for Lapels and the system’s very first franchisee. To this end, Next Step Franchising, Inc. began a program to convert their five percent weekly royalty to a fixed royalty of $100.00 per week for all franchisees. That means, regardless of how high sales climb, the weekly royalty will remain at $100.00. This new fixed royalty replaces the previous 5% royalty and will save the average franchisee thousands of dollars each year.
Instant Tax Service® Expands in 19 New Markets The company was also able to expand into 19 new markets. Instant Tax Service now operates over 1,200 locations in 39 states. "With the economy the way it is, our franchise recruitment season definitely surpassed our expectations," says Brook Wise, Vice President of Franchise Recruitment for Instant Tax Service. "What a lot of people are realizing is that franchising is a great way to transition from traditional employment to entrepreneurship."
Cartridge World Names Bill Edmiston Chief Development Officer Edmiston, who most recently served as Senior Vice President at Gordon Biersch International, will work closely with the company’s network of master franchisees to help sell franchise stores throughout the United States. Reporting directly to CEO Tom Fricke, Edmiston will assume primary leadership over efforts to continue the rapid expansion of the Cartridge World system, as well as the development of a National Account Program. "We are pleased to welcome Bill Edmiston to Cartridge World at a time when the company is poised to further cement its position as a leader in the $80 billion printer cartridge industry," said Tom Fricke, CEO of Cartridge World. "As a respected veteran in the franchise industry, Bill will play a crucial role in leading our development efforts that will help drive and grow our business." Updated: January 31, 2010
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