MIAMI — Entrepreneur magazine ranked OXXO Care Cleaners among the top 500 franchises for the third consecutive year, according to the publication’s January issue. Ranked No. 422 on the list this year, OXXO offers 24/7 pick-up and drop-off service, GreenEarth cleaning, hand ironing and a European boutique-style setting.
The most important factors in selecting the top 500 franchises include financial strength and stability, growth rate and size of the system, according to Entrepreneur’s editors. The publication also considers the number of years a company has been in business, the length of time it has been franchising, startup costs, litigation, percentage of terminations and whether the company provides financing. An independent CPA analyzes all financial data.
“We are grateful to have been selected again by Entrepreneur as a top franchise, a ranking we believe continues to be justified by our sound business models and steady nationwide expansion,” says Salomon Mishaan, president and chief executive officer of OXXO. “We continue to work toward becoming the Starbucks of the environmentally safe and convenient ‘green’ drycleaning industry.”
OXXO has 28 stores in South Florida and 39 throughout the Continental United States. OXXO is also listed in the magazine’s Unique Franchise Concepts category for its 24-hour pick-up and delivery service.