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18 11, 2020

Ace Hardware Reports Record Third Quarter 2020 Results

Tatyana Stemkovski2020-11-18T11:00:52-05:00November 18th, 2020|Tags: Ace Hardware, hardware stores, network of distribution centers, retailer-owned hardware cooperative|

– Record third quarter revenues of $2.0 billion, an increase of 30.7 percent from last year

– U.S. same-store-sales up 28.9 percent; Acehardware.com revenues up 221 percent

– Record third quarter net income of $98.7 million, an increase of 63.1 percent from last year

– Accrued patronage dividend to shareholders of $263.8 million, an increase of 66.9 percent from the first nine months of 2019

– Ace ranked 5th in Franchise Times top 200

OAK BROOK, Ill. — Ace Hardware Corporation (“Ace” or the “Company”) today reported record third quarter 2020 revenues of $2.0 billion, an increase of $470.4 million, or 30.7 percent, from the third quarter of 2019. Net income was $98.7 million for the third quarter of 2020, an increase of $38.2 million from the third quarter of 2019.

“A 221% increase in our digital business and same-store sales growth of 28.9% fueled record revenue and earnings in an environment that continues to be very difficult and demanding for both our customers and our associates,” said John Venhuizen, President & CEO. “I want to genuinely thank the Ace team for their gutsy performance, their servant hearts and their exceptional fulfillment of their essential calling.”

The 28.9 percent increase in U.S. retail same-store-sales during the third quarter of 2020 reported by the approximately 3,300 Ace retailers who share daily retail sales data was the result of a 12.3 percent increase in same-store transactions and a 14.8 percent increase in average ticket. The heightened importance of both convenience and safety, coupled with the shift in consumer discretionary spending from sectors such as travel and entertainment into home preservation, have distorted demand and driven much of the growth within Ace stores in the U.S.

Revenues

Consolidated revenues for the quarter ended September 26, 2020 totaled $2.0 billion. Total wholesale revenues were $1.81 billion, an increase of $410.4 million, or 29.2 percent, as compared to the prior year third quarter. Wholesale merchandise revenues to new domestic stores activated from January 2019 through September 2020 contributed $50.7 million of incremental revenues during the third quarter of 2020, while wholesale merchandise revenues decreased $10.1 million during the third quarter due to domestic stores whose memberships were cancelled. Wholesale merchandise revenues to comparable domestic stores increased $365.1 million for the quarter. Increases were seen across nearly all departments with grilling, paint, and lawn and garden showing the largest gains. The Company’s Ace International Holdings, Ltd. (“AIH”) subsidiary had a $19.2 million decrease in wholesale revenue from the third quarter of 2019. This was primarily the result of a $17.5 million decline in sales to AIH’s two largest customers, both of which experienced extensive store closures during the quarter. Ace Wholesale Holdings LLC (“AWH”) had a $6.0 million increase in wholesale revenues versus the third quarter of 2019.

Total retail revenues for the quarter were $186.3 million, an increase of $60.0 million, or 47.5 percent, as compared to the prior year third quarter. Retail revenues from Ace Retail Holdings LLC (“ARH”) were $179.8 million in the third quarter of 2020, an increase of $58.8 million, or 48.6 percent, from the third quarter of 2019. The Westlake Ace Hardware (“Westlake”) chain experienced a 28.3 percent increase in same-store-sales while the Great Lakes Ace Hardware, Inc. (“GLA”) chain grew same-store-sales by 40.5 percent in the quarter. The eleven new California stores opened by Westlake in 2019 contributed $19.7 million of the increase. Westlake and GLA together operated 194 stores at the end of the third quarter of 2020 compared to 183 stores at the end of the third quarter of 2019. Retail revenues from Ace Ecommerce Holdings LLC (“AEH”) were $6.5 million in the third quarter of 2020. This was an increase of $1.2 million, or 22.6 percent, from the third quarter of 2019. New customer acquisitions drove the increase during the third quarter.

Ace added 43 new domestic stores in the third quarter of 2020 and cancelled 22 stores. The Company’s total domestic store count was 4,585 at the end of the third quarter of 2020 which was an increase of 57 stores from the third quarter of 2019. On a worldwide basis, Ace added 46 stores in the third quarter of 2020 and cancelled 29, bringing the worldwide store count to 5,403 at the end of the third quarter of 2020.

Gross Profit

Wholesale gross profit for the three months ended September 26, 2020 was $242.2 million, an increase of $58.9 million from the third quarter of 2019. The wholesale gross margin percentage was 13.4 percent of wholesale revenues in the third quarter of 2020, up from 13.1 percent in the third quarter of 2019. The increase in the wholesale gross margin percentage was due to the increased volume, which lead to higher vendor funds earned.

Retail gross profit for the three months ended September 26, 2020 was $86.7 million, an increase of $29.7 million from the third quarter of 2019. This increase was the result of the 48.6 percent increase in ARH revenues. The retail gross margin percentage was 46.5 percent of retail revenues in the third quarter of 2020, an increase from 45.1 percent in the third quarter of 2019. For ARH, retail gross profit is based on the Company’s wholesale acquisition cost of product, not ARH’s acquisition cost which includes a markup from the Company.

Expenses and Other

Wholesale operating expenses increased $26.1 million, or 19.8 percent, from the third quarter of 2019. The increase is due to higher distribution costs resulting from higher wholesale revenues and an increase in advertising expenses. As a percentage of wholesale revenues, wholesale operating expenses decreased to 8.7 percent of wholesale revenues in the third quarter of 2020 from 9.4 percent of wholesale revenues in the third quarter of 2019.

Retail operating expenses increased $10.9 million, or 21.4 percent, from the third quarter of 2019. This increase was primarily due to expenses related to the eleven new California stores and expenses incurred related to the pandemic. Retail operating expenses as a percentage of retail revenue decreased to 33.2 percent of retail revenues in the third quarter of 2020 from 40.3 percent in the third quarter of 2019.

Retail pre-opening expenses decreased $1.8 million due to expenses related to the eleven new California stores which opened in 2019.

Balance Sheet and Cash Flow

Receivables increased $87.0 million from the third quarter of 2019 due to higher sales volumes and an increase in vendor rebates receivable.

Inventories increased $122.9 million from the third quarter of 2019 due to the intentional build-up of cleaning supplies and other COVID-19 products as well as power tools to support increased demand.

Long term debt, including current maturities, decreased $294.8 million versus the third quarter of 2019. At the end of the third quarter, long term debt consisted of $6.6 million outstanding on the Westlake credit facility and $26.3 million owed to former retailers.

About Ace Hardware

Ace Hardware is the largest retailer-owned hardware cooperative in the world with more than 5,400 locally owned and operated hardware stores in approximately 70 countries. Headquartered in Oak Brook, Ill., Ace and its subsidiaries operate an expansive network of distribution centers in the U.S. and have distribution capabilities in Ningbo, China; Colon, Panama; and Dubai, United Arab Emirates. Since 1924, Ace has become a part of local communities around the world and known as the place with the helpful hardware folks. For more information, visit acehardware.com or newsroom.acehardware.com.

In 2020, Ace ranked “Highest in Customer Satisfaction with Home Improvement Retail Stores” according to J.D. Power, thirteen out of the last fourteen years.

18 11, 2020

FASTSIGNS International, Inc. CEO to Deliver Keynote at International Franchise Association’s Emerging Franchisor Virtual Event

Tatyana Stemkovski2020-11-18T10:42:15-05:00November 18th, 2020|Tags: FASTSIGNS International Inc., FASTSIGNS® sign and graphic centers, sign and graphic solutions, sign and visual communication franchise|

Catherine Monson will share insight on The Culture of a Successful Franchise Brand.

CARROLLTON, Texas — Catherine Monson, CEO at FASTSIGNS International, Inc. and Chair of the International Franchising Association, will deliver the keynote at the International Franchise Association’s Emerging Franchisor Virtual Convention held November 18 and 19, 2020.

During her keynote, Catherine Monson will share insight into The Culture of a Successful Franchise Brand. She will highlight how to have a clear vision of the brand’s culture amid the current crisis, creating a culture of positivity and fortitude, the importance of a strong culture in place for growth, development and sustainability, using culture to communicate and also how to create a strong core culture.

The main focus of this two-day virtual event is to help emerging franchisors know what it takes in today’s real world to grow, protect and evolve an emerging franchise brand to the next stage of sustainability. Leading experts in franchising unite to share advice on everything from communication strategies to infrastructure and culture, reinvesting in the business, smart franchise sales and more.

“Assessing the health of a franchise brand means understanding the heartbeat of the brand, otherwise known as the culture,” said Catherine Monson. “I’m thrilled to speak with attendees about culture as the foundation for the future growth and success of a franchise brand and the brand’s franchisees in order to attract and keep customers coming back among a sea of competition.”

Additional speakers at the for the event include the following: Sam Ballas, President & CEO, East Coast Wings; Joe Lewis, President & CEO, Painting with a Twist, LLC: Paul Pickett, CFE and Chief Development Officer Wild Birds Unlimited, Inc.: Meg Roberts, CEO & President, The Lash Lounge; Tony Valle, CEO, College Pro. For more information on the event, visit the link here.

About FASTSIGNS®

FASTSIGNS International, Inc. celebrates its 35^th anniversary in business in 2020 as the leading sign and visual communications franchisor in North America, and is the worldwide franchisor of more than 735 independently owned and operated FASTSIGNS® centers in 9 countries including the United States and Puerto Rico, the United Kingdom, Canada, Chile, Grand Cayman, the United Arab Emirates, Malta, France and Australia (where centers operate as SIGNWAVE®). FASTSIGNS locations provide comprehensive signage and graphic solutions to help companies of all sizes and across all industries attract more attention, communicate their message, promote their products, help visitors find their way and extend their branding across all of their customer touchpoints.

FASTSIGNS has been ranked the #1 franchise opportunity in its category in Entrepreneur magazine’s Franchise 500 for the past four years, and in 2020, Entrepreneur magazine named FASTSIGNS the #1 franchise opportunity in its category and #55 overall on its annual Franchise 500^®list, making it the only sign, graphics, and visual communications franchise to be recognized in the top 100. Entrepreneur also named FASTSIGNS a Top Growth Franchise for 2020. Additionally, Franchise Gator named FASTSIGNS to its Top 100 Franchises of 2020 list, and in 2019, FASTSIGNS was named to America’s Best Franchises to Buy list by Forbes magazine, and made Franchise Direct’s list of the Top 100 Franchises. FASTSIGNS has also received the Canadian Franchise Association Franchisees’ Choice for 8 consecutive years.

Franchise Business Review has recognized FASTSIGNS as one of the “Best of the Best” for franchisee satisfaction for the last 10 years, and FASTSIGNS was also included on its Top 50 Franchises for Women and Top Service Franchises lists in 2019. FASTSIGNS has been awarded for franchisee satisfaction for multiple years by Franchise Business Review, in addition to a 2019 Top Franchises for Veterans and a Top Franchise for Second Career by Franchise Business Review. In addition, FASTSIGNS was recognized by Franchise Business Review in its 2019 Top Franchises for Veterans report and was recently named a Top Franchise for Veterans by Entrepreneur in 2020.

In 2020, Fastsigns Holdings Inc. acquired GTN CAPITAL GROUP, LLC the parent company of NerdsToGo, an emerging IT services franchise brand. Learn more about sign and graphic solutions or find a location at fastsigns.com. Follow the brand on LinkedIn at linkedin.com/company/fastsigns, Twitter @FASTSIGNS or Facebook at facebook.com/FASTSIGNS.

17 11, 2020

PJ’s Coffee Celebrates Veterans, Awards Military Veteran a Franchise License

Tatyana Stemkovski2020-11-17T10:52:38-05:00November 17th, 2020|Tags: Arabica beans, coffeehouse, food franchise, iced and frozen coffee beverages, PJ’s Coffee of New Orleans|

U.S. Army Veteran Wins Franchise; PJ’s Coffee Set to Open in Stockbridge.

STOCKBRIDGE, Ga. — PJ’s Coffee of New Orleans, a New Orleans-based coffeehouse that prides itself on their “southern hospitality” experience, the freshest products, and better beans with superior roasting technique, has awarded U.S. Army Veteran, Michael Adams, the winner of its annual Veteran Franchise License Giveaway.

PJ’s Coffee received more than 35 applications from veterans across the United States interested in becoming the next PJ’s Coffee franchisee winner. After a thorough interview process of all applicants, Adams was chosen as the lucky winner, becoming the third overall recipient of this giveaway. The two previous veterans to have been awarded franchises have seen great success in their communities and continue to fully immerse themselves in the brand.

Adams served in the U.S. Army for 22 years and has been a federal government employee for the past 14 years. In his free time, during active duty and as a civilian, Adams volunteers with the local youth by coaching little league teams, both here in the states and overseas. Adams’ military experience, mixed with his love for giving back to the community, is what makes him the ideal PJ’s Coffee franchisee.

“I am so grateful for the opportunities to serve my country and all that they have taught me. However, I’m looking forward to this next chapter in my life,” said Michael Adams, the 2020 giveaway winner. “Being born and raised in Louisiana, I couldn’t think of a better business to get involved with. This endeavor isn’t just for me, but it is to support my family and allows me to get further involved in my community.”

Interested veterans should visit www.pjsfranchise.com/vets/ to enter their contact information and receive a franchise brochure. Once received, they will need to submit a one-minute video explaining how military service has prepared them to be a PJ’s Coffee owner. Next year’s application is now open and will run through January 31, 2021. The winner will be announced in February 2021.

“We are looking forward to working with Michael and welcoming him into our franchise system as the third winner of PJ’s Coffee’s franchise license giveaway. There are certain characteristics we look for in franchisees, and Michael checks every box,” said Ryan Stansbury, PJ’s Coffee Vice President of Franchise Development. “We have no doubt that Michael will proudly serve his community and exceed all of their expectations.”

PJ’s Coffee serves a wide variety of iced, hot, cold brew, frozen and nitro-infused coffees using only the top one percent of Arabica beans. Pioneered by Founder Phyllis Jordan, PJ’s famous iced coffees are brewed daily using a unique, cold-drip process that protects the flavor and strength of the high-quality beans while producing a coffee that is two thirds less acidic. The coffeehouse also serves organic tea and fresh breakfast pastries.

A prospective franchisee can expect a total investment range between $190,775 – $391,000 for non-traditional franchise units and $200,775 – $582,000 for traditional units. The operating model and menu are adaptable to any environment with different options including kiosks and free-standing locations with a drive-thru, ranging from a few hundred square feet up to 2200 square feet. PJ’s Coffee offers a proven franchise structure with strategic corporate support.

For more information about PJ’s Coffee franchise opportunities and to request your free franchise information booklet, please visit www.pjsfranchise.com.

ABOUT PJ’S COFFEE

PJ’s Coffee of New Orleans was founded in 1978 by Phyllis Jordan, a pioneer in the coffee industry. The coffeehouse was acquired by Ballard Brands in 2008 which was spearheaded by brothers Paul, Scott and Steve Ballard. The New Orleans-based coffeehouse demonstrates that better beans, superior roasting techniques, and pure passion for the art of coffee-making matter. The brand serves a wide variety of hot, iced and frozen coffee beverages using only the top one percent of Arabica beans, as well as organic tea and fresh breakfast pastries. With 42 years as an established brand, it continues to remain an authentic coffeehouse with a New Orleans spirit. PJ’s Coffee has 117 locations open and operating nationally and internationally.

17 11, 2020

Franchise Business Review Names LearningRx a ‘Top Education Franchise in High Demand During a Pandemic’

Tatyana Stemkovski2020-11-17T10:42:48-05:00November 17th, 2020|Tags: cognitive skills training, education franchise, LearningRx, one-on-one brain training company|

COLORADO SPRINGS, Colo. — LearningRx (www.LearningRx.com), the largest one-on-one brain training company in the world, has made Franchise Business Review’s list of “Top Education Franchises in High Demand During a Pandemic.”

According to the publication, education franchises are providing a valuable service during the coronavirus pandemic as many parents try to balance working and school requirements. “As more people head back to the office as businesses slowly reopen, the demand for educational support during the pandemic is greater than ever,” reports Franchise Business Review. “Franchises that fill that need by providing instructional support, childcare services, and youth recreational programs are seeing a sharp uptick.”

LearningRx one-on-one brain training and the other franchises listed were given high satisfaction ratings by current franchise owners in key areas like training and support, leadership, core values, and financial opportunity, on independent franchisee surveys.

“One of the big questions we get right now is regarding the difference between tutoring and personal brain training,” says LearningRx CEO Kim Hanson. “Although both can help students who are struggling, they provide different solutions to different problems. Tutoring is delivers material that was missed the first time. For example, if your child is a strong learner but is behind in school due to an extended absence, tutoring can help them catch up on the material they missed. LearningRx’s one-on-one brain training is designed to help improve the weak cognitive skills that help enhance learning in any subject. Our programs target and train the weak brain skills—such as memory, processing speed, and attention—to strengthen the root cause of learning struggles.”

Students who continue to struggle with reading, comprehension, or in multiple subjects, or who need to work harder or longer than their peers to complete homework or achieve good grades, may have one or more weak cognitive skills. To help determine why a student struggles, families can schedule a Cognitive Skills Assessment. If the results determine weak cognitive skills, a personalized brain training program may help strengthen their cognitive skills to make learning (and life) easier.

To see Franchise Business Review’s list, visit: https://franchisebusinessreview.com/post/top-education-franchises-during-a-pandemic/.

About LearningRx^®

LearningRx, is the largest one-on-one brain training company in the world. Their training programs are delivered through more than 200 locations in North America and in 48 countries around the globe (as BrainRx^®). LearningRx has helped more than 100,000 individuals and families sharpen their cognitive skills to help them think faster, learn easier, and perform better. In addition to their in-Center training programs that partner every client with a personal brain trainer to keep clients engaged, accountable, and on-task—a key advantage over digital brain games—the company also offers online training through real-time videoconferencing. This virtual delivery method allows clients to train from the comfort of their own home while still receiving the benefits of one-on-one brain training with a personal brain trainer. LearningRx’s pioneering methods have been used in clinical settings for over 35 years and have been subjected to peer-review in more than a dozen scientific journals. To learn more visit https://www.learningrx.com

12 11, 2020

Always Best Care Announces New Owners Of Madison, Wisconsin Territory

Tatyana Stemkovski2020-11-12T13:32:44-05:00November 12th, 2020|Tags: Always Best Care Senior Services, Always in Touch program, assisted living placement services, non-medical in-home care, senior care franchise systems, skilled home health care|

Local Entrepreneurs Now Providing Award-Winning Senior Care Services in Dane County.

ROSEVILLE, Calif. — Always Best Care Senior Services, one of the leading senior care franchise systems in the United States, announced today that local entrepreneurs David and Kehinde Ogunnoiki have assumed ownership of its Always Best Care of Madison territory in Wisconsin. Located at 437 S. Yellowstone Drive, Suite 210, the senior care agency will continue to provide award-winning senior care services to Madison and surrounding communities, including Middleton, Fitchburg, Verona, McFarland, Mount Horeb, Sun Prairie, Monona, Mazomanie, Cross Plains, Black Earth and Sauk City.

“We’re thrilled to welcome David and Kehinde to the Always Best Care family and are confident that their passion and dedication will further lead our Madison territory to achieve great success – both for the local community and the extraordinary team of caregivers on staff,” said Jake Brown, President & CEO of Always Best Care. “Dane County is a flourishing area where adult children are relying heavily on non-medical in-home care services to assist their parents and loved ones as they age in place. We look forward to supporting the Ogunnoikis in their new endeavor and their efforts to serve their community in the years to come.”

Originally from Lagos, Nigeria, the Ogunnoikis became Dane County residents in 2013. The new franchisees bring an entrepreneurial spirit to Always Best Care that they inherited from their parents, who owned and operated several businesses throughout their childhood. Together, David and Kehinde have owned a small-scale retail operation and an assisted living facility over the past seven years. David has a background in mechanical engineering and Kehinde brings 5 years of experience in nursing. With a passion for helping others, the husband and wife duo will continue to provide quality senior care services to the local communities.

“Madison is a growing community and the demand for senior living is increasing every day. Always Best Care of Madison has been an asset to those in need of care and their loved ones since April of 2012, and we’re proud to be continuing the legacy,” said David Ogunnoiki. “Always Best Care’s proven business model and support gives us the tools we need to successfully grow the local territory and provide a much needed service to our area. We’re excited to embark on this new journey and help assist individuals in their quest for identifying quality care for loved ones.”

Always Best Care is one of the nation’s leading providers of non-medical in-home care and assisted living referral services. The company delivers its services through an international network of more than 200 independently owned and operated franchise territories throughout the United States and Canada.

By working with case managers, social workers, discharge planners, doctors, and families, Always Best Care franchise owners provide affordable, comprehensive solutions that can be specifically matched to meet a client’s particular physical or social needs. The hallmark services of Always Best Care include non-medical in-home care and assisted living finder and referral services, with skilled home health care in some limited markets.

For additional information on services available through Always Best Care of Madison, or for a free evaluation, please call (608) 315-2378, email dogunnoiki@abc-seniors.com or kogunnoiki@abc-seniors.com and visit http://www.AlwaysBestCareMadison.com.

About Always Best Care

Founded in 1996, Always Best Care Senior Services is based on the belief that having the right people for the right level of care means peace of mind for the client and family. Always Best Care assists seniors with a wide range of conditions and personal needs, and currently provides thousands of hours of care every year. Franchise opportunities are available to individuals interested in leveraging the company’s clear strategy and proven track record for delivering affordable, dependable service to seniors in their local areas.

Always Best Care also offers an exclusive program called Always in Touch, a telephone reassurance program that provides a daily phone call to seniors and disabled adults who are living alone and have limited contact with the outside world. Always in Touch is a national telephone reassurance program offered in the USA and Canada. For more information on Always in Touch, or to request an application, visit www.Always-In-Touch.com.

12 11, 2020

Demand Doubles for N-Hance Wood Refinishing as National Nesting Trend Continues

Tatyana Stemkovski2020-11-12T12:21:07-05:00November 12th, 2020|Tags: BELFOR Franchise Group, hardwood floor refinishing industry, home remodeling, innovative floor sanding service, kitchen cabinet refinishing, N-Hance Wood Refinishing|

Franchisees Face ‘Good Problem’ – Filling Shortage of Technicians to Keep Pace with Non-Stop Demand.

LOGAN, Utah — As consumers continue to spend more time inside and notice pain points about their homes, N-Hance Wood Refinishing is experiencing record-breaking demand, with most franchisees booked 6-8 weeks out.

The increase in job leads is leaving N-Hance franchise owners facing a positive challenge – racing to recruit technicians to support the ongoing influx of work, bringing more jobs to the communities they serve.

“Consumers are sitting at home more, staring at the areas that they’d like to see improved, with one of most sensitive areas being their dreary kitchen cabinets. They’re looking to get upgrades made as soon as possible,” said D’Wayne Tanner, Senior Vice President of Franchise Sales at N-Hance. “We’re seeing a lot of homeowners divert money they had planned to spend on vacations to home renovation projects.”

The most popular service being requested is kitchen cabinet color changes, primarily to bright whites, soft greys or even blues. Tanner attributes that trend to economics, noting, “Cabinet upgrades can make a huge difference in the look of a high-traffic room like the kitchen at a more affordable price than tearing out and doing a full remodel.”

The company is also seeing continued interest in the N-Hance franchise opportunity, having sold 16 territories across the United States since March.

“The demand for home improvement projects is surging due to homeowners’ focus on their quality of their life at home. I believe this is a societal change – families nesting instinct and desire for improvements in the home living space are here to stay,” Tanner said. “We are seeing interest from entrepreneurs who already own other types of home improvement businesses looking to diversify their portfolios, as well as from people seeking entry into the booming industry.”

N-Hance sets the industry standard for hardwood refinishing. Helping lead the company’s growth is its one of a kind “Lightspeed® instant curing system” for hardwood cabinets and floors which saves customers time and money over the traditional refinishing, refacing or replacing alternatives. Decades of experience paired with backing by franchise powerhouse, BELFOR Franchise Group make N-Hance a proven and profitable investment opportunity that is primed for growth in this new era fueled by self and home-improvement.

Visit www.nhance.com/jobs/ to learn more about working at N-Hance. Interested in applying for a job as a technician? Contact your local franchise operator. For more information about N-Hance franchise opportunities, please visit nhancefranchise.com.

About N-Hance Wood Refinishing™

Founded in 2001, N-Hance Wood Refinishing has become the largest wood refinishing franchise with over 500 franchises across the United States. N-Hance has been featured in Martha Stewart Living, Better Homes and Gardens and on HGTV, DIY Network and more. The brand is becoming a household name in the $450 Billion home improvement industry because of its innovation, eco-friendly proprietary processes, and dedication to franchisees. N-Hance is backed by the franchise powerhouse, BELFOR Franchise Group with decades of experience in restoration services and franchising.

12 11, 2020

Adam & Eve Franchise Corporation Announces Record Year and Market Expansion Opportunities During COVID-19

Tatyana Stemkovski2020-11-12T12:12:10-05:00November 12th, 2020|Tags: Adam & Eve Stores, adult-themed industry, retail stores|

HILLSBOROUGH, N.C. — Adam & Eve Franchise Corporation (AEFC), a division of the oldest and most-trusted adult-themed online retailer AdamEve.com, announced a record-breaking year for its franchise locations across the U.S. during the COVID-19 pandemic.

Despite other brick-and-mortar big name retailers shuttering store locations and others struggling to reinvent their customer experience, Adam & Eve store franchisees continue to see a significant increase in revenue over 2019 sales.

“We are humbled by the continued support across the communities our franchise operators serve. Adam & Eve store operators are among the best in the business and this year, as in years past, we’ve delivered on our commitment to support our franchisees in unique and different ways,” said David Keegan, vice president of franchising for Adam & Eve Stores.

In addition to current franchise locations experiencing unmatched growth in store revenue, AEFC remains dedicated to an aggressive yet thoughtful market expansion trajectory. Expansions in existing markets are only part of that equation. The evolution of AEFC stores also includes store conversions and a focus on new market opportunities for the balance of 2020 and throughout 2021.

Market Expansion

Anaheim, Calif.
Campbell, Calif.
Fort Lauderdale, Fla.
Lima, Ohio
Lomita, Calif.
Long Beach, Calif.
Lubbock, Texas
Riverside, Calif.
San Diego, Calif.
Sparks, Nev.
West Little Rock, Ark.

New Market Opportunities

Chicago, Ill.
Miami, Fla.
Minneapolis/St. Paul, Minn.
Philadelphia, Pa.
Phoenix, Ariz.

For information on investing in store market opportunities and to learn more about what it takes to become a successful franchise operator for Adam & Eve Stores, visit AdamandEveFranchise.com.

About Adam & Eve Stores

Since its inception, Adam & Eve has successfully been raising the standards in the American adult-themed industry and has continued the tradition by opening retail stores that provide sex-positive and consenting people – over the age of 18 – the highest quality products and lingerie. There are currently 80 stores in 21 states across the U.S., in addition to locations in Canada and Peru. For more information on the Adam & Eve Stores franchise opportunity, visit the franchise website, AdamandEveFranchise.com.

11 11, 2020

StretchLab to Debut in Canada, Marking First International Studio

Tatyana Stemkovski2020-11-11T12:36:07-05:00November 11th, 2020|Tags: boutique health and wellness franchise, decrease muscle aches, improve posture, one-on-one assisted stretching services, reduce pain, reduce recovery time, StretchLab|

Boutique Stretching Concept to Open First Canadian Studio in Toronto in Early 2021.

IRVINE, Calif. — The nation’s premier assisted stretching franchise, StretchLab, announced today that it will open its first international studio in Toronto, Canada at the beginning of 2021. As demand for wellness services like assisted stretching continues to increase around the globe amidst the coronavirus pandemic, StretchLab is well-positioned for growth and success outside of the United States, where it already has nearly 100 locations open.

StretchLab’s expansion into Canada is being driven by a franchise agreement with Toronto resident Kevin McKague, who is also a university professor of Entrepreneurship and Strategy. The Toronto studio will be his first venture into business ownership and the perfect way to apply his many years of expertise.

“I’m incredibly excited to bring StretchLab to Canada,” said McKague. “As a Professor of Entrepreneurship and Strategy, I wanted to invest in a brand that I believed will be successful, had a great support team and will benefit my local community in Toronto.”

At StretchLab, clients work one-on-one with highly trained Flexologists™ in an open, modern and friendly environment to increase mobility and flexibility and achieve a deeper, more advanced stretch than one can get on their own. Once an oft-neglected and overlooked area of fitness, deep stretching is scientifically proven to be one of the most effective ways to decrease pain, lower risk of injury and provide people the ability to perform better at work, in the gym and in everyday life.

“With nearly 100 locations open in the US, we are thrilled to bring StretchLab to the Canadian market,” said Lou DeFrancisco, President of StretchLab. “We were very selective in awarding a franchise to our first international location, and we are confident that Kevin’s leadership background and passion for helping people will make him a fantastic StretchLab owner.”

This Canadian expansion is coming on the heels of an impressive year of growth and evolution for StretchLab. Despite the pandemic, the franchise has opened more than 24 studios in 2020, including new locations in California, Pennsylvania and Minnesota. On top of that, StretchLab rolled out the TRX MAPS machine, which identifies movement inefficiencies across four critical categories, in all of its studios earlier this year.

To learn more about StretchLab and its services, visit www.stretchlab.com. If you are interested in opening a StretchLab franchise, visit www.stretchlab.com/franchise.

ABOUT STRETCHLAB

Founded in 2015, StretchLab is a leading assisted stretching brand that was created to help people through customized flexibility services. It offers one-on-one and group assisted stretching sessions to customers across a broad range of age and fitness levels. StretchLab’s advanced “flexologist” instructors receive extensive training, including both classroom and on-the-job trainings programs. Head-quartered in Irvine, CA, StretchLab is backed by Xponential Fitness, the largest franchisor of boutique fitness brands. To learn more about the StretchLab franchise opportunity, visit www.stretchlab.com.

11 11, 2020

Senior Care Authority Announces the Opening of Northern Utah Franchise Location

Tatyana Stemkovski2020-11-11T11:06:11-05:00November 11th, 2020|Tags: assisted living placement services, non-medical in-home care, Senior Care Authority, senior care franchise systems, Senior Placement and Elder Care Consulting|

The Senior Care Authority® of Northern Utah will serve Salt Lake City and Northern Ogden.

SALT LAKE CITY — Senior Care Authority®, an Eldercare Consulting and Assisted Living Residential Placement Services franchise, announced today the recent opening of their Northern Utah franchise location. Owner and operator Travis Drake cited his strong desire to help guide others through tough medical decisions as to why he decided to enter into the elder care consulting field.

Drake, a Certified Senior Advisor, will look to help guide and coach families through critical decision-making processes regarding their loved ones’ care and well-being. Drake’s commitment to the community and service orientation, combined with his background in sales and marketing, has allowed him to develop a consultative approach focused on helping patients, customers, and students through novel ideas, products, and services.

“My mission is to find the most appropriate strategies for your loved one to ensure a smooth transition into the next phase of life,” said Drake, a graduate of Ogden’s Weber State University.

“I have a strong passion for this line of work. I aim to be honest and responsible as I build strong, lasting relationships with the members of this community. I will look to share the various resources I have at my disposal with clients to ease their minds and ensure them that their loved ones will be cared for, respected, and loved.”

Drake is a husband, father of four, local Utah business owner, and an avid outdoor enthusiast who has spent the past 20 years in the medical and education fields, specializing in sales and marketing. When not spending time with his family, Travis enjoys volunteer service opportunities through local youth organizations, church groups, and helping his senior neighbors.

To learn more about the new Northern Utah franchise location, please visit https://seniorcare-utah.com/.

For more information about Senior Care Authority, please visit their main website: https://www.seniorcareauthority.com/.

About Senior Care Authority

Senior Care Authority® was founded in 2009 and currently serves locations nationally in 25 states and Canada. The network is comprised of professionally trained and experienced local advisors who assist families with the overwhelming challenges associated with selecting the best options in assisted living, memory care, nursing care and navigating through a complex healthcare system. Learn more at seniorcareauthority.com.

10 11, 2020

Anago Cleaning Systems Warns of Fraudulent Promises in Commercial Cleaning

Tatyana Stemkovski2020-11-10T10:41:35-05:00November 10th, 2020|Tags: anago cleaning systems, commercial cleaning franchise system, commercial cleaning service, Master franchise opportunities|

Businesses Beware of False Claims and Scams Due to COVID-19.

POMPANO BEACH, Fla. — Anago Cleaning Systems, an industry-leading commercial cleaning franchise with over 1,700 Unit Franchises throughout the U.S. and Canada, is warning businesses across the nation to beware of false COVID-19 disinfecting and sanitizing claims by non-certified commercial cleaning companies.

The three most significant scams reverberating throughout the industry are cleaning processes that instantly kill viruses; treatments that continually kill the virus for an extraordinarily extended period; and offering one-time or short-cuts to proper cleaning and disinfecting protocols.

“There are no cutting corners when it comes to disinfecting a business or school properly,” said Adam Povlitz, CEO & President of Anago Cleaning Systems. “Businesses must beware of scams that offer quick cleaning promises against COVID-19. It is important for all businesses to conduct due diligence when purchasing commercial cleaning services, and not fall victim to false claims that may, or may not, cost less than industry-standard cleaning regimens.”

According to the Federal Trade Commission, a crack-down toward companies making false claims about treatment products is underway. False claims about zappers, virus-busting cards, and certain spices found in the kitchen cabinet like sage and oregano are reportedly offered to business owners as COVID-19 treatment protocols.

“Before signing a cleaning contract, or even before agreeing to a “one-time” cleaning, research the company and ask for the names of products they are using. The EPA has an online list of cleaning materials and technologies being used by reputable industry leaders to clean thousands of businesses and schools across the country properly,” adds Povlitz.

At Anago, there are three levels of disinfection that have been created around the regulations provided by the EPA. These regimens focus on disinfection of high-touch areas, personal workspaces including desks, phones, and keyboards, and the use of electrostatic spray disinfection technology that covers 99.9 percent of surface areas.

Anago ensures that their franchisees are equipped with the appropriate tools and products necessary to thoroughly clean and disinfect. They proudly offer the Protection+ Disinfection™ program, which is Anago’s signature 10-step disinfection process that meets all EPA and CDC standards.

About Anago Cleaning Systems

Anago Cleaning Systems is an international commercial cleaning franchise brand. Utilizing the Master Franchise System, Anago supports over 40 Master Franchisees and over 1,700 Unit Franchisees. Founded in 1989, Anago has set the worldwide standard in business support and structure for local and regional companies to provide unparalleled cleaning services to businesses of all kinds. Anago was ranked #38 overall by Entrepreneur magazine in its latest Franchise 500® ranking. For further information, visit www.AnagoCleaning.com.

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