Monday, May 10, 2010

I Think I Have Hemorrhoids

Russia / founder of the biggest U.S. network of express service machines build the car wash Petersburg

compete with conventional teller in St. Petersburg decided to entrepreneurs who have created the largest U.S. network of stations Express Service machines Jiffy Lube. They open around the city network automatic washing machines under the brand name Super Express, writes "Business Petersburg".
first carwash company of Prime Development has opened the avenue of Marshal Blucher. The complex area of 1,000 square meters. meters has invested over $ 4 million. Estimated capacity of the complex - 150 cars on the replacement of oil per day and 80 cars to sink in an hour.
According to "Business Petersburg", ZAO "Prime Development" in equal shares owned by U.S. citizens Bogottu Aaron and Kelly Rivers, General Director and Chairman of the Board of Directors, respectively.
In this case, the Board of Directors of Prime Development "includes the creators of the largest in U.S. network of stations Express Service Car Jiffy Lube John Jacobs and Stan Letos, as well as former vice president of Daimler AG in South America, Theodore Kunnigem. Despite the fact that Jiffy Lube is actively developing on franchising, in St. Petersburg, the network will operate under the brand name Super Express. The company said that it would differ from U.S. stations and will be adapted to the St. Petersburg market.
According to Kelly Rivers, for the year 2010 the company will open three more stations in St. Petersburg. "One will be located on Vasilevsky Island, the second - in the Southwest, the third - in the area Rzhevka-Powder "- he said. A total of 5 years, the city planned to run 25 complexes investing in them more than $ 110 million with a payback period of 5 years.
Interestingly, the founders of the company have already managed to manifest itself in the development market of St. Petersburg. So, before Aaron Bogott was chief of the U.S. real estate investment fund Jensen Group, and Kelly Rivers was engaged in financial restructuring of OAO "Sestroretsky Toolmaker, "and is managed by funds investing in real estate Jensen Group. In 2003, the Jensen Group acquired 92% stake in the plant for $ 8 million.
project" Prime Development " financed by the U.S. investment fund, whose name, however, refused to call the company. With this guide has denied that and in this project participated Jensen Group.
According to participants, the annual market turnover of car washes in St. Petersburg is 4 billion. The city of about 600 washes, mostly represented by single specimens. The largest players are LLC "Alarm - St. Petersburg, and Union (27 and 23 sinks, respectively).
Network Jiffy Lube was founded in 1970 years. Has 2000 points in North America.
Source: http://realty.newsru.com/article/06may2010/super_express
More news on franchising is available here:
http://www.franchising.org.ua/chtivo/novosti-franchajzinga.html

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