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NBA's Jeffries blazes into pressing venture

July 29, 2012

GREENBELT, Md. — A professional athlete’s career is always just one injury or one bad season away from ending forever. So, instead of blowing money on cars and houses, many are aiming to win big in franchising as they look to their financial futures following sports.

Such is the case for Jared Jeffries of the Portland Trail Blazers, who, along with his business partner, Shawn Strader, recently joined the likes of other crafty athletes — including Jamal Mashburn, Shaquille O’Neal, Venus Williams and Drew Brees — looking to make a fortune in franchises.

Jeffries and Strader have committed to opening a ZIPS Dry Cleaners, a mid-Atlantic based chain known for its low-cost, one-price-for-any-garment model. Their franchise is expected to open in Northern Virginia by the end of the year.

“Owning a franchise was the next logical step for me and Shawn, and ZIPS provided a safe and promising way to ease into the industry,” said Jeffries, who has been business partners with Strader since the two started their own company specializing in residential real estate investment in 2007. The company, JV Management, owns properties throughout Florida, New York and Washington, D.C., as well as freestanding land in Ohio.

Jeffries also believes franchising is uniquely suited to the skill sets he has developed as a professional athlete.

“It’s a good fit, because franchising parallels sports,” he said in a news release. “Athletes are executors. You follow prescribed movements put together by a coach and organization to win a ballgame. In franchising, you have the game plan and business model put together by the franchisor. Like an athlete, the operator has to come in and execute the plan.”

ZIPS has an “In by 9, out by 5” policy and charges $1.99 charge for any dry-cleaned and pressed garment. It cleans the clothes on-site.

For more information, go to www.321zips.com.

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