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Majers Coin Laundry in San Fernando could be any Los Angeles-area laundromat. It’s tucked between an auto repair shop and a mobile home park; its tall glass windows revealing vending machines ...
The number of Martinizing franchises saw significant growth during the 1950s and 1960s, with franchisees required to pay a fixed annual fee and adhere to specific equipment and procedural standards. During this period, trademark slogans became established, such as "Fresh as a Flower in Just One Hour" [3] and "the Most in Dry Cleaning". [4]
In 2009, the Alliance Laundry Systems University (ALSU) was founded as a corporate university available online to authorized Alliance Laundry Systems distributors, route operators and customers. [18] In March 2014, the Alliance Laundry acquired Primus Laundry Equipment headquartered in Gullegem, Belgium for approx. $259.4 million. [3] [19] [20]
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
On February 10, 2014, Modelo Group sold the Tiendas Extra brand of stores to the Mexican franchise of Circle K, Circulo K. A Circle K with an Exxon fuel station in North Richland Hills, Texas On December 18, 2014, Couche-Tard announced its acquisition of The Pantry for $860 million all-cash tender ($1.11 billion in 2023 dollars [ 23 ] ).
Oil prices bounced around quite a bit in 2024. They rallied more than 20% at one point -- topping $85 per barrel -- before cooling off toward the end of the year. Oil was recently below $70 a ...
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