Sam Parr: Cintas Generates $8B to $9B Annually in Subscription Revenue
Sam Parr · The Market Is Crashing. Here’s What We’re Doing About It… · Aug 9, 2024 · at 36:21
Sam Parr discusses the business model and financial scale of corporate uniform and facility services company Cintas with Shaan Puri.
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“It's a seventy-five billion dollar company, and their main business is still now they launder uniforms, but they also supply the uniforms, so they make uniforms for All types of businesses, you know, like, you'll see, like, if you see, like, a typical janitor outfit, that's a very easy one, but it could be restaurants, it could be anything, and then they rent you your uniform, and they'll launder it for you, but then they've expanded, so, like, if there's a fire extinguisher in the bathroom of a restaurant, it probably has come from them. If there's cleaning supplies, it probably comes from them, because once they made inroads into a business, they're like, hey, along with your uniform, we're gonna sell you all these other things, and so I think they do something like eight or nine billion dollars a year in revenue and it's subscription revenue.”
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