Highlights of Martinizing Dry Cleaning’s Item 19 Financial Performance Representations (2011 FDD)
- The 46 reporting stores are all located in the United States.
- MFI (the franchisor) offers substantially the same services to each Reporting Store, but the type and extent of services offered to the public by each Reporting Store may vary depending on the individual franchisee.
- None of the reporting stores are owned or operated by MFI.
- The Reporting Stores represent 51% of the total Martinizing Stores operating in the United States as of December 31, 2010 under franchise agreements similar to the Franchise Agreement attached as an exhibit to Martinizing’s 2011 FDD. The Reporting Stores represent 19% of the total Martinizing Stores operating in the United States as of December 31, 2010.
- The balance of the Martinizing Stores operating in the United States as of December 31, 2010 under franchise agreements similar to the Franchise Agreement attached as an exhibit to Martinizing’s 2011 FDD, did not meet the criteria of Class I or Class II described below.
- The Reporting Stores have been in operation for varying periods of time ranging from 24 months to 19 years.
Class I – Single Location Full Plant Stores
- The average gross sales information reported below was compiled by MFI from monthly gross sales reports received for 31 Martinizing Stores where on-premise dry-cleaning is provided (“Full Plant Stores”) operating as of December 31, 2010 and which reported to MFI at least 24 consecutive months of sales activity prior to December 31, 2010 (“Reporting Stores”).
- The following reflects the average gross sales of Reporting Stores reported to MFI for 12 consecutive months prior to December 31, 2010.
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