Zips Dry Cleaners
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Zips Dry Cleaners - overview
Established
1996
Location
Greenbelt, MD, US
Primary Industry
Consumer Services
About
Zips Dry Cleaners offers efficient and affordable dry cleaning and laundry services, catering to busy professionals and individual consumers with services such as EZ Drop and commercial dry cleaning options. Founded in 1996 in Greenbelt, US, Zips Dry Cleaners specializes in dry cleaning and laundry services. The company’s founders are Bart Casiello and Drew Ritger, with Drew Ritger currently serving as the CEO. In April 2013, JPB Capital Partners acquired a controlling stake in ZIPS Franchising, LLC.
The company operates locations across several states, including California, Florida, Illinois, Indiana, Maryland, Ohio, Pennsylvania, Texas, Virginia, and Washington, D. C. ZIPS Cleaners specializes in affordable dry cleaning and laundry services, prominently featuring its EZ Drop service, which allows customers to conveniently drop off their laundry without waiting in line. This service includes a prepaid EZ Drop Bag linked to each customer's account, enabling efficient processing and notifications once the cleaning is complete.
Key offerings include dry cleaning, laundering and pressing, wash and fold services, alterations, and commercial dry cleaning tailored for businesses. ZIPS Cleaners targets a diverse customer base that includes individual consumers, busy professionals, and businesses needing reliable laundry services. The company's services are currently available in multiple states, including California, Florida, Illinois, Indiana, Maryland, Ohio, Pennsylvania, Texas, Virginia, and Washington, D. C.
, catering to a wide geographical market. ZIPS Cleaners operates on a transaction-based revenue model that revolves around B2C sales, primarily through its dry cleaning and laundry services. Customers utilize the EZ Drop service, where they fill their bags with items to be cleaned and drop them off at designated locations or drop boxes. Upon drop-off, customers receive notifications about the status of their orders, ensuring seamless communication and service efficiency.
Pricing for services includes dry cleaning at USD 3. 49 per garment and laundering and pressing also at USD 3. 49, with additional services like comforter cleaning available at USD 24. 99.
Through this structured pricing and service model, ZIPS Cleaners effectively manages customer transactions and maintains a focus on affordability and convenience for its clientele. Zips Dry Cleaners is focused on expanding its market presence and enhancing its service offerings. The company plans to introduce new products and services designed to improve customer experience, although specific launch dates have not been disclosed. Additionally, Zips is targeting expansion into new geographic regions, including further penetration in states where it currently operates and exploring opportunities in new states by 2024.
Funding from the transaction in April 2013 is expected to support these growth initiatives and enhance operational capacities.
Current Investors
JPB Partners
Primary Industry
Consumer Services
Sub Industries
Consumer Services
Website
http://www.321zips.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Zips Dry Cleaners - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Zips Dry Cleaners | - |
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Zips Dry Cleaners - employee data


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