ZIPS Dry Cleaners of Warminster, PA, saves 32% annually after partnering with ERA's specialists to renegotiate their retail lease contract.
ZIPS Cleaners of Warminster, PA, saved 32% annually after ERA Group's specialists renegotiated their lease agreement.
The Coronavirus pandemic created significant disruptions in the dry cleaning industry. As a result, ZIPS reached out to ERA to evaluate opportunities to improve performance review and cash flow.
In examining the needs of the business, negotiating lease terms following pandemic-related rent reductions and deferred rent proved an area ERA could help. ERA's contract specialists secured a 50% reduction in deferred rent and a 32% decrease in monthly lease costs.
ZIPS Cleaners is a franchise business with over 65 locations — cleaning 20 million garments annually.
"The ERA team was awesome. They took a professional approach in helping me understand the market and available options. I would never have been ableto get through this process so rapidly or create this much value on my own. I recommend all Zips Franchisees have a conversation with ERA" [John Casiello, Franchise Owner - ZIPS Warminster]
Our case study examines how a dry cleaning company partnered with ERA to reduce its retail storefront lease costs.
