ZIPS Cleaners of Warminster, PA, saved 32% annually after ERA’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.
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"The ERA team was awesome. They took a professional approach in helping me understand the market and available options. I would never have been able
to get through this process so rapidly or create this much value on my own. I recommend all Zips Franchisees have a conversation with ERA”