| Business Summary | | DRYCLEAN
USA
Franchise
Company
is
one
of
the
largest
franchise
and
license
operations
in
the
dry
cleaning
industry,
currently
consisting
of
approximately
400
franchised
and
licensed
locations
in
the
United
States,
the
Caribbean
and
Latin
America.
In
July
1999,
Steiner
acquired
certain
assets
of
DRYCLEAN
USA
Franchise
Company,
including,
among
other
things,
the
worldwide
rights
to
the
name
DRYCLEAN
USA
along
with
existing
franchise
and
license
agreements.
Steiner
is
a
supplier
of
dry
cleaning
equipment,
industrial
laundry
equipment
and
steam
boilers
to
customers
in
the
United
States,
the
Caribbean
and
Latin
American
markets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DCU
is
one
of
the
largest
franchise
and
license
operations
in
the
drycleaning
industry,
currently
consisting
of
nearly
400
franchised
and
licensed
locations
in
the
United
States,
the
Caribbean
and
Latin
America.
For
the
nine
months
ended
3/31/01,
revenues
fell
less
than
1%
to
$14.2
million.
Net
income
fell
32%
to
$425
thousand.
Results
reflect
lower
telecommunications
sales,
and
higher
costs
of
goods
sold,
allowance
for
bad
debts
and
advertising
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Steiner, 70 Chairman | -- | Michael Steiner, 44 Pres,
CEO | $176K | Venerando Indelicato, 67 CFO
and Treasurer | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|