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2 11, 2023

City Wide Ramps Up Growth Efforts with Director of Franchise Development

2023-11-02T14:20:57-04:00November 2nd, 2023|Tags: , , , , |

Adria Hartwig Joins Franchise Development Team of Nation’s Leading Facility Solutions Company to Oversee Expansion Goals  

LENEXA, Kan. — City Wide Franchise, the franchisor counterpart of the nation’s leading management company in the building maintenance industry, announced the addition of franchise industry veteran, Adria Hartwig, to its franchise development team as director of franchise development.

“Becoming part of City Wide has provided me with the opportunity to become a vital part of an innovative, integrity-driven, support-centric franchise system that gives their entrepreneurs a phenomenal springboard for success,” Hartwig said. “The support, cutting-edge technology, coaching, and collaboration afforded to franchisees of City Wide is unprecedented. I’m ecstatic about the chance to be part of history in the making for the talented entrepreneurs we bring into our community and continue to spread massive ripples.”

Hartwig comes to City Wide after spending nearly 20 years in the real estate industry, spending the past seven years in franchise development. She was most recently Director of Conversions, Mergers, and Acquisitions at RE/MAX. Prior to that, Ms. Hartwig performed as Director of Franchise Development for Coldwell Banker, an ANYWHERE brand with a focus on promoting diversity and inclusivity, achieving several DEI awards. She also has experience within residential and commercial restate.

“The growth of City Wide is always a focus for me, so I am thrilled about Adria joining our team,” said Troy Hartman, President of City Wide Facility Solutions. “Her extensive expertise will bring a fresh perspective to our franchise strategy and help push us towards the goals we have set for ourselves for the next several years.”

City Wide has made a name for itself in major U.S. cities and Canada by streamlining facility solutions for more than 20 interior and exterior services for commercial facilities including janitorial, disinfecting, handyman services, and parking lot maintenance. Taking the onus from building owners and property management businesses that typically have to choose separate companies for each task, City Wide eases the selection and management processes for its clients.

Entrepreneurially-spirited individuals interested in owning a City Wide franchise should have a business-to-business background focused on sales, management and operations experience.

For more information about available franchise opportunities, visit: www.citywidefranchise.com.

About City Wide
Founded in 1961, City Wide Facility Solutions is the largest management company in the building maintenance industry, managing janitorial services, commercial cleaning, disinfecting, and more than 20 additional facility solutions. City Wide simplifies the facility matters that mean most to building owners, operators, and management companies, easing the time, stress, and resources typically required to oversee an entire facility. City Wide is proud to do more than just manage facility solutions and services for commercial facilities – they pride themselves on being a partner that helps clients save time and solve problems. Their mission is to create a Ripple Effect by positively impacting the people and communities they serve.

For more information about City Wide Facility Solutions or to find a location near you, please visit www.gocitywide.com.

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2 11, 2023

THE WENDY’S COMPANY REPORTS THIRD QUARTER 2023 RESULTS

2023-11-02T14:10:42-04:00November 2nd, 2023|Tags: , , |

DUBLIN, Ohio — The Wendy’s Company (Nasdaq: WEN) today reported unaudited results for the third quarter ended October 1, 2023.

“We continued to make meaningful progress across our strategic growth pillars during the third quarter,” President and Chief Executive Officer Todd Penegor said. “Global same-restaurant sales accelerated on a 2-year basis and digital sales grew 30% versus the prior year, driving another quarter of Company-operated restaurant margin expansion. Additionally, we have now opened 152 new restaurants across the globe this year and further solidified our development pipeline through significant new agreements in key growth markets. This success drives best in class franchisee satisfaction and alignment. We remain relentlessly focused on delivering meaningful global growth, supported by compelling restaurant economic model improvement and acceleration across our strategic pillars.”

Third Quarter Financial Highlights

Total Revenues
The increase in revenues resulted primarily from higher sales at Company-operated restaurants, an increase in franchise royalty revenue, and an increase in advertising funds revenue. These increases were primarily driven by higher same-restaurant sales.

U.S. Company-Operated Restaurant Margin
The increase in U.S. Company-operated restaurant margin was primarily the result of a higher average check. This increase was partially offset by customer count declines, higher labor costs, and higher commodity costs.

General and Administrative Expense
The decrease in general and administrative expense was primarily driven by lower professional fees resulting primarily from the completion of the Company’s ERP implementation.

Operating Profit
The increase in operating profit resulted primarily from higher franchise royalty revenue, a decrease in the Company’s incremental investment in breakfast advertising, lower general and administrative expense, and an increase in U.S. Company-operated restaurant margin. These were partially offset by lower other operating income due to lapping a gain from insurance recoveries in the prior year and higher amortization of cloud computing arrangement costs.

Net Income
The increase in net income resulted primarily from higher other income primarily driven by an increase in interest income and an increase in operating profit.

Adjusted EBITDA
The increase in adjusted EBITDA resulted primarily from higher franchise royalty revenue, lower general and administrative expense, a decrease in the Company’s incremental investment in breakfast advertising, and an increase in U.S. Company-operated restaurant margin. These were partially offset by lower other operating income due to lapping a significant gain from insurance recoveries in the prior year.

Adjusted Earnings Per Share
The increase in adjusted earnings per share was driven by an increase in adjusted EBITDA and higher interest income. These increases were partially offset by higher amortization of cloud computing arrangement costs.

Year to Date Free Cash Flow
The increase in free cash flow resulted primarily from higher net income adjusted for non-cash expenses and a decrease in payments for incentive compensation. These were partially offset by higher capital expenditures.

Company Declares Quarterly Dividend
The Company announced today the declaration of its regular quarterly cash dividend of 25 cents per share. The dividend is payable on December 15, 2023, to shareholders of record as of December 1, 2023. The number of common shares outstanding as of October 26, 2023 was approximately 206.3 million.

Share Repurchases
The Company repurchased 2.7 million shares for $56.1 million in the third quarter of 2023. In the fourth quarter of 2023, the Company has repurchased 1.2 million shares for $23.6 million through October 26. As of October 26, approximately $332.1 million remains available under the Company’s existing share repurchase authorization that expires in February 2027.

2023 Outlook and Long-Term Outlook for 2024-2025
This release includes forward-looking projections for certain non-GAAP financial measures, including systemwide sales, adjusted EBITDA, adjusted earnings per share and free cash flow. The Company excludes certain expenses and benefits from adjusted EBITDA, adjusted earnings per share and free cash flow, such as the impact from our advertising funds, including the net change in the restricted operating assets and liabilities and any excess or deficit of advertising fund revenues over advertising fund expenses, impairment of long-lived assets, reorganization and realignment costs, system optimization gains, net, amortization of cloud computing arrangements, loss on early extinguishment of debt and the timing and resolution of certain tax matters. Due to the uncertainty and variability of the nature and amount of those expenses and benefits, the Company is unable without unreasonable effort to provide projections of net income, earnings per share or net cash provided by operating activities, or a reconciliation of those projected measures.

During 2023 the Company Now Expects:

  • Global systemwide sales growth: 6 to 7 percent
  • Cash flows from operations: $345 to $360 million
  • Capital expenditures: $80 to $85 million

In Addition, the Company Continues to Expect:

  • Adjusted EBITDA: $530 to $540 million
  • Adjusted earnings per share: $0.95 to $1.00
  • Free cash flow: $265 to $275 million

Company Maintains Long-Term Outlook for 2024-2025:

  • Systemwide sales growth: Mid-Single Digits
  • Free cash flow growth: High-Single to Low-Double Digits

Conference Call and Webcast Scheduled for 8:30 a.m. Today, November 2
The Company will host a conference call on Thursday, November 2 at 8:30 a.m. ET, with a simultaneous webcast from the Company’s Investor Relations website at www.irwendys.com. The related presentation materials will also be available on the Company’s Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic callers and (929) 526-1599 for international callers, both using event ID 804841. An archived webcast and presentation materials will be available on the Company’s Investor Relations website.

Forward-Looking Statements
This release contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”).  Generally, forward-looking statements include the words “may,” “believes,” “plans,” “expects,” “anticipates,” “intends,” “estimate,” “goal,” “upcoming,” “outlook,” “guidance” or the negation thereof, or similar expressions.  In addition, all statements that address future operating, financial or business performance, strategies or initiatives, future efficiencies or savings, anticipated costs or charges, future capitalization, anticipated impacts of recent or pending investments or transactions and statements expressing general views about future results or brand health are forward-looking statements within the meaning of the Reform Act.  Forward-looking statements are based on the Company’s expectations at the time such statements are made, speak only as of the dates they are made and are susceptible to a number of risks, uncertainties and other factors.  For all such forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act.  The Company’s actual results, performance and achievements may differ materially from any future results, performance or achievements expressed or implied by the Company’s forward-looking statements.

Many important factors could affect the Company’s future results and cause those results to differ materially from those expressed in or implied by the Company’s forward-looking statements.  Such factors include, but are not limited to, the following: (1) the impact of competition or poor customer experiences at Wendy’s restaurants; (2) adverse economic conditions or disruptions, including in regions with a high concentration of Wendy’s restaurants; (3) changes in discretionary consumer spending and consumer tastes and preferences; (4) the disruption to the Company’s business from the COVID-19 pandemic and the impact of the pandemic on the Company’s results of operations, financial condition and prospects; (5) impacts to the Company’s corporate reputation or the value and perception of the Company’s brand; (6) the effectiveness of the Company’s marketing and advertising programs and new product development; (7) the Company’s ability to manage the accelerated impact of social media; (8) the Company’s ability to protect its intellectual property; (9) food safety events or health concerns involving the Company’s products; (10) our ability to deliver accelerated global sales growth and achieve or maintain market share across our dayparts; (11) the Company’s ability to achieve its growth strategy through new restaurant development and its Image Activation program; (12) the Company’s ability to effectively manage the acquisition and disposition of restaurants or successfully implement other strategic initiatives; (13) risks associated with leasing and owning significant amounts of real estate, including environmental matters; (14) risks associated with the Company’s international operations, including the ability to execute its international growth strategy; (15) changes in commodity and other operating costs; (16) shortages or interruptions in the supply or distribution of the Company’s products and other risks associated with the Company’s independent supply chain purchasing co-op; (17) the impact of increased labor costs or labor shortages; (18) the continued succession and retention of key personnel and the effectiveness of the Company’s leadership and organizational structure; (19) risks associated with the Company’s digital commerce strategy, platforms and technologies, including its ability to adapt to changes in industry trends and consumer preferences; (20) the Company’s dependence on computer systems and information technology, including risks associated with the failure or interruption of its systems or technology or the occurrence of cyber incidents or deficiencies; (21) risks associated with the Company’s securitized financing facility and other debt agreements, including compliance with operational and financial covenants, restrictions on its ability to raise additional capital, the impact of its overall debt levels and the Company’s ability to generate sufficient cash flow to meet its debt service obligations and operate its business; (22) risks associated with the Company’s capital allocation policy, including the amount and timing of equity and debt repurchases and dividend payments; (23) risks associated with complaints and litigation, compliance with legal and regulatory requirements and an increased focus on environmental, social and governance issues; (24) risks associated with the availability and cost of insurance, changes in accounting standards, the recognition of impairment or other charges, changes in tax rates or tax laws and fluctuations in foreign currency exchange rates; (25) conditions beyond the Company’s control, such as adverse weather conditions, natural disasters, hostilities, social unrest, health epidemics or pandemics or other catastrophic events; (26) risks associated with the Company’s organizational redesign; and (27) other risks and uncertainties cited in the Company’s releases, public statements and/or filings with the Securities and Exchange Commission, including those identified in the “Risk Factors” sections of the Company’s Forms 10-K and 10-Q.

In addition to the factors described above, there are risks associated with the Company’s predominantly franchised business model that could impact its results, performance and achievements. Such risks include the Company’s ability to identify, attract and retain experienced and qualified franchisees, the Company’s ability to effectively manage the transfer of restaurants between and among franchisees, the business and financial health of franchisees, the ability of franchisees to meet their royalty, advertising, development, reimaging and other commitments, participation by franchisees in brand strategies and the fact that franchisees are independent third parties that own, operate and are responsible for overseeing the operations of their restaurants.  The Company’s predominantly franchised business model may also impact the ability of the Wendy’s system to effectively respond and adapt to market changes.

All future written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. New risks and uncertainties arise from time to time, and factors that the Company currently deems immaterial may become material, and it is impossible for the Company to predict these events or how they may affect the Company.

The Company assumes no obligation to update any forward-looking statements after the date of this release as a result of new information, future events or developments, except as required by federal securities laws, although the Company may do so from time to time. The Company does not endorse any projections regarding future performance that may be made by third parties.

There can be no assurance that any additional regular quarterly cash dividends will be declared or paid after the date hereof, or of the amount or timing of such dividends, if any.  Future dividend payments, if any, are subject to applicable law, will be made at the discretion of the Board of Directors and will be based on factors such as the Company’s earnings, financial condition and cash requirements and other factors.

Disclosure Regarding Non-GAAP Financial Measures
In addition to the financial measures presented in this release in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company has included certain non-GAAP financial measures in this release, including adjusted revenue, adjusted EBITDA, adjusted earnings per share, free cash flow and systemwide sales.

The Company uses adjusted revenue, adjusted EBITDA, adjusted earnings per share and systemwide sales as internal measures of business operating performance and as performance measures for benchmarking against the Company’s peers and competitors.  Adjusted EBITDA and systemwide sales are also used by the Company in establishing performance goals for purposes of executive compensation.  The Company believes its presentation of adjusted revenue, adjusted EBITDA, adjusted earnings per share and systemwide sales provides a meaningful perspective of the underlying operating performance of our current business and enables investors to better understand and evaluate our historical and prospective operating performance.  The Company believes these non-GAAP financial measures are important supplemental measures of operating performance because they eliminate items that vary from period to period without correlation to our core operating performance and highlight trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures.  Due to the nature and/or size of the items being excluded, such items do not reflect future gains, losses, expenses or benefits and are not indicative of our future operating performance.  The Company believes investors, analysts and other interested parties use adjusted revenue, adjusted EBITDA, adjusted earnings per share and systemwide sales in evaluating issuers, and the presentation of these measures facilitates a comparative assessment of the Company’s operating performance in addition to the Company’s performance based on GAAP results.

This release also includes disclosure regarding the Company’s free cash flow.  Free cash flow is a non-GAAP financial measure that is used by the Company as an internal measure of liquidity.  Free cash flow is also used by the Company in establishing performance goals for purposes of executive compensation.  The Company defines free cash flow as cash flows from operations minus (i) capital expenditures and (ii) the net change in the restricted operating assets and liabilities of the advertising funds and any excess/deficit of advertising funds revenue over advertising funds expense included in net income, as reported under GAAP.  The impact of our advertising funds is excluded because the funds are used solely for advertising and are not available for the Company’s working capital needs. The Company may also make additional adjustments for certain non-recurring or unusual items to the extent identified in the reconciliation tables that accompany this release. The Company believes free cash flow is an important liquidity measure for investors and other interested persons because it communicates how much cash flow is available for working capital needs or to be used for repurchasing shares, paying dividends, repaying or refinancing debt, financing possible acquisitions or investments or other uses of cash.

Adjusted revenue, adjusted EBITDA, adjusted earnings per share, free cash flow and systemwide sales are not recognized terms under GAAP, and the Company’s presentation of these non-GAAP financial measures does not replace the presentation of the Company’s financial results in accordance with GAAP.  Because all companies do not calculate adjusted revenue, adjusted EBITDA, adjusted earnings per share, free cash flow and systemwide sales (and similarly titled financial measures) in the same way, those measures as used by other companies may not be consistent with the way the Company calculates such measures.  The non-GAAP financial measures included in this release should not be construed as substitutes for or better indicators of the Company’s performance than the most directly comparable GAAP financial measures.  See the reconciliation tables that accompany this release for additional information regarding certain of the non-GAAP financial measures included herein.

Key Business Measures
The Company tracks its results of operations and manages its business using certain key business measures, including same-restaurant sales, systemwide sales and Company-operated restaurant margin, which are measures commonly used in the quick-service restaurant industry that are important to understanding Company performance.

Same-restaurant sales and systemwide sales each include sales by both Company-operated and franchise restaurants. The Company reports same-restaurant sales for new restaurants after they have been open for 15 continuous months and for reimaged restaurants as soon as they reopen. Restaurants temporarily closed for more than one fiscal week are excluded from same-restaurant sales.

Franchise restaurant sales are reported by our franchisees and represent their revenues from sales at franchised Wendy’s restaurants. Sales by franchise restaurants are not recorded as Company revenues and are not included in the Company’s consolidated financial statements. However, the Company’s royalty revenues are computed as percentages of sales made by Wendy’s franchisees and, as a result, sales by franchisees have a direct effect on the Company’s royalty revenues and profitability.

Same-restaurant sales and systemwide sales exclude sales from Argentina due to the highly inflationary economy of that country.

The Company calculates same-restaurant sales and systemwide sales growth on a constant currency basis. Constant currency results exclude the impact of foreign currency translation and are derived by translating current year results at prior year average exchange rates. The Company believes excluding the impact of foreign currency translation provides better year over year comparability.

U.S. Company-operated restaurant margin is defined as sales from U.S. Company-operated restaurants less cost of sales divided by sales from U.S. Company-operated restaurants. Cost of sales includes food and paper, restaurant labor and occupancy, advertising and other operating costs. Cost of sales excludes certain costs that support restaurant operations that are not allocated to individual restaurants, which are included in “General and administrative.” Cost of sales also excludes depreciation and amortization expense and impairment of long-lived assets. Therefore, as restaurant margin as presented excludes certain costs as described above, its usefulness may be limited and may not be comparable to other similarly titled measures of other companies in our industry.

About Wendy’s
Wendy’s® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is our Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef*, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find a loving, forever home for every child waiting to be adopted from the North American foster care system. Today, Wendy’s and its franchisees employ hundreds of thousands of people across over 7,000 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand. For details on franchising, connect with us at www.wendys.com/franchising. Visit www.wendys.com and www.squaredealblog.com for more information and connect with us on X and Instagram using @wendys, and on Facebook at www.facebook.com/wendys.

*Fresh beef available in the contiguous U.S., Alaska, and Canada.

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1 11, 2023

Island Fin Poké Co. Celebrates Ohana Month: A Month of Family, Community and Generosity

2023-11-01T20:49:30-04:00November 1st, 2023|Tags: , , , , |

ORLANDO, Fla. — In the Hawaiian language, Ohana translates to “family” and Island Fin Poké Co., America’s favorite poké restaurant, is all about creating an Ohana-like environment for the various market segments it serves. That’s why the brand is proud to announce the launch of “Ohana Month” – a celebration of family, community and philanthropy, during the whole month of November.

Island Fin, with its deep roots in Hawaiian culture and cuisine, has always held the values of family close to its heart. The essence of Ohana goes beyond a Hawaiian word that means family; it’s a way of life. The brand is deeply committed to fostering a close-knit and supportive community among its guests, cultivating an environment where everyone feels valued and cherished. Inspired by the spirit of family, Island Fin Poké Co. has launched an initiative, from November 1st to December 31st, to benefit Maui Food Bank.

Mark Setterington, CEO and founder of Island Fin Poké Co., shared his thoughts on the significance of Ohana Month, saying, “Ohana is absolutely everything to this brand. We wanted to dedicate a month out of the year to really giving back and emphasize the importance of family. Ohana Month is where our brand can showcase the importance of family and how we come together to bring support to anyone in need. It’s a true embodiment of our mission.”

A major highlight of Ohana Month is the brand’s commitment to giving back to the community. Starting on November 1st, Island Fin Poké Co. will be actively supporting the Maui Food Bank through a special initiative following the devastating recent Maui wildfires. In partnership with the Spartan Race, any Island Fin Poké Co. guest who donates $100 or more using the dedicated link to the Maui Food Bank will be gifted a free Spartan Race ticket. This is a fantastic opportunity to experience the thrill of the Spartan Race and make a meaningful contribution to the Maui Food Bank’s vital mission.

The brand has given back to its communities in numerous ways. Back in the month of August, when the fires began to destroy the city of Lahaina, all Island Fin locations directly donated a percentage of their sales on August 18 to the Maui Food Bank to help provide direct relief to Lahaina residents. At the Worcester, MA location, the franchise owners raised money for CASA, the Court Appointed Special Advocate in Worcester. At The Villages, FL location, the franchise owners decided to spread cheer on Christmas Day and visited five local fire stations, delivering Dole Soft Serve® to the first responders on duty to brighten their holiday. With many more local stories, the brand emphasizes the importance of helping its communities in any way they can.

Setterington added, “We believe in the strength of our communities to participate in this initiative. This initiative is more than just a token of appreciation to our guests; it’s an embodiment of our commitment to giving back and building a stronger, more connected community. It’s a way for us to reinforce our commitment to the values of Ohana that have always been at the core of Island Fin Poké Co.”

Island Fin Poké Co. encourages everyone to join in the spirit of Ohana Month and make a difference in the lives of those in need. To learn more about this initiative and to donate, please visit the Maui Food Bank’s dedicated page at https://mauifoodbank.org/event/island-fin-poke/. For more information on Island Fin, visit Island Fin Poké Co.’s website at www.IslandFinPoke.com or contact Bianca Kasawdish for media inquiries at Bianca@TeamInnoVision.com.

About Island Fin Poké Co.

Island Fin Poké Co. is a Florida-based fast-casual concept known for its Hawaiian-style build-your-own poké bowls. From farm-to-fork, the brand uses the freshest ingredients to bring traditional flavors from the islands to local communities nationwide. Founded in 2017, Island Fin Poké Co. has 26 locations open, with numerous others in various stages of development. Island Fin Poké Co. was ranked #29 on the 2023 Top New & Emerging Franchises list by Entrepreneur Magazine, listed in Fast Casual’s 2023 Top Movers & Shakers list, and recognized as a Top 100 Game Changer for 2022 by Franchise Dictionary Magazine. For more information, or if interested in joining the brand’s Ohana, please visit https://www.IslandFinPoke.com/.

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1 11, 2023

East Coast Wings + Grill Opens New Location in Clemson; Sights Set on Continued Expansion in Southeast

2023-11-01T20:37:47-04:00November 1st, 2023|Tags: , , |

Family-Friendly Wing Franchise’s South Carolina Opening Shows Region’s Demand for High-Quality Casual Dining 

CLEMSON, S.C. — East Coast Wings + Grill (ECW+G), a full-service and family-dining restaurant renowned for its variety of buffalo wing sauces and heat indexes, announced the opening of their newest location in Clemson, South Carolina. Located at 405 S. College Ave., Suite 300, the new restaurant signals the brand’s intent of continued growth in the region after opening in Florence, South Carolina, earlier this year.

The owner of the Clemson location, Hector Webber, who comes from a multifaceted entrepreneurial background, found his connection to the area when his daughter enrolled at Clemson University. Inspired by the vibrant college town, Webber decided to follow his entrepreneurial spirit and open the family-focused restaurant.

“The demand for great food and a welcoming dining experience is one of the driving factors of my decision to open my own East Coast Wings & Grill at this time,” said Hector Webber, owner of East Coast Wings & Grill in Clemson. “Clemson is not just a college town, it’s a dynamic town full of people who appreciate good food and good times and we know they’ll appreciate the addition of our exciting menu to the area!”

“Our newest location in South Carolina is just the tip of the iceberg of our regional development,” said Mark Lyso, SVP Brand Development of East Coast Wings + Grill. “The market is a good fit and the customer demand for East Coast Wing’s & Grill’s expansion in South Carolina and Virginia is at an all-time high. This new opening couldn’t have come at a better time, as we have now opened additional markets for development.”

East Coast Wings & Grill is currently targeting Columbia, Greenville, Spartanburg, and other select territories in South Carolina and the Virginia Beach and Richmond, Virginia markets.

Known for its high-quality wings that come in over 55+ flavors and 7 heat indexes, ECW+G offers guests a relaxed, comfortable atmosphere to bring the family, enjoy a game, or pick up convenient carry-out options. East Coast Wings + Grill – Clemson will feature a full bar, outdoor seating options, a selection of local craft beers, and tv’s for guests to enjoy a variety of sporting events.

ABOUT EAST COAST WINGS + GRILL
East Coast Wings + Grill is a full-service, family-dining franchise that spotlights Buffalo wings. The thoughtfully-crafted menu also offers a variety of other options to satisfy every family member’s taste buds. With more than 60-nationwide locations currently operating or in various stages of development, the franchise recently secured a top spot-on Restaurant Business Magazine’s “Future 50” list of fastest-growing, U.S. mid-sized restaurant chains for the second-consecutive year. Entrepreneur magazine also named East Coast Wings + Grill one of the nation’s top franchise investments, and Franchise Times magazine ranked the company No. 383 on its “Top 200+” list of top revenue-producing U.S. franchises. The concept has also been recognized by The Franchise Grade and Franchise Business Review for transparency during the franchise sales process, franchisee support and overall franchisee satisfaction. For more information about East Coast Wings + Grill or its franchise opportunities, visit www.eastcoastwingsfranchise.com.

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1 11, 2023

Driven Brands Holdings Inc. Reports Third Quarter Results

2023-11-01T12:13:43-04:00November 1st, 2023|Tags: , , , , , , , , |

–Revenue increased 12% powered by 6% same-store sales growth and 6% net store growth–

–Reaffirms fiscal year 2023 financial outlook–

CHARLOTTE, N.C. — Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the third quarter ended September 30, 2023.

For the third quarter, Driven Brands delivered revenue of $581.0 million, up 12 percent versus the prior year. System-wide sales were $1.6 billion, up 10 percent versus the prior year driven by 6 percent same-store sales growth and 6 percent net store growth. The Company added 55 net new stores in the quarter.

During the third quarter, we had an $851 million non-cash goodwill impairment in the Car Wash segment as well as $111 million in non-cash asset impairment charges and lease terminations. This drove a Net Loss of $799.3 million or a Net Loss of $4.83 per diluted share versus Net Income of $38.4 million in the prior year. Adjusted Net Income1 decreased 39 percent to $33.7 million or $0.20 per diluted share1, and Adjusted EBITDA1 decreased 2 percent to $127.2 million. Cash provided by operating activities for the nine months ended September 30, 2023, increased 26 percent to $212.0 million compared to $167.7 million in the prior year.

“This quarter, we continued to see meaningful growth and strong operational performance across our portfolio excluding our US Car Wash and Glass businesses. I’m delighted to report we recently opened our 300th franchised Take 5 Oil Change location and I’m looking forward to celebrating our 1,000th location in the fourth quarter,” said Jonathan Fitzpatrick, President and Chief Executive Officer.

“As discussed at our Investor Day on September 20, we remain focused on operational improvements in the US Car Wash business, while making steady progress on the US Glass integration. Given continued weak consumer demand and increasing competition in the US Car Wash sector, we are strategically pausing capital investment in this business. Looking ahead to 2024, the Driven Brands team is prioritizing continued progress in our US Car Wash and US Glass businesses, disciplined deployment of capital, and generating free cash flow, which will primarily be used to pay down debt.”

Capital and Liquidity

The Company ended the third quarter with total liquidity of $386.8 million consisting of $211.3 million in cash and cash equivalents, and $175.5 million of undrawn capacity on its variable funding securitization senior notes and revolving credit facility. This does not include the additional $135.0 million Series 2022 Class A-1 Notes that expand the Company’s variable funding note borrowing capacity when the Company elects to exercise it, assuming certain conditions continue to be met.

Share Repurchase Program

During the three months ended September 30, 2023, the Company repurchased 3,601,694 shares of its common stock for approximately $50 million at an average price of $13.87, completing the repurchase authorization approved by the Board of Directors in August 2023.  All repurchases were made on the open market.

Fiscal Year 2023 Outlook

The Company reaffirms its financial outlook for fiscal year 2023.

Conference Call

Driven Brands will host a conference call to discuss third quarter 2023 results today, Wednesday, November 1, 2023, at 8:30am ET. The call will be available by webcast and can be accessed by visiting Driven Brands’ Investor Relations website at investors.drivenbrands.com. A replay of the call will be available for three months.

Disclosure Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this Quarterly Report, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, trends, plans, objectives of management, impact of accounting standards and guidance, impairments, and expected market growth are forward-looking statements. In particular, forward-looking statements include, among other things, statements relating to: (i) our strategy, outlook and growth prospects; (ii) our operational and financial targets and dividend policy; (iii) general economic trends and trends in the industry and markets; (iv) the risks and costs associated with the integration of, and our ability to integrate, our stores and business units successfully to achieve anticipated synergies; (v) the proper application of generally accepted accounting principles, which are highly complex and involve many subjective assumptions, estimates, and judgments and (vi) the competitive environment in which we operate. Forward-looking statements are not based on historical facts, but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions, and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 as well as in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this earnings release to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The Company has provided this non-GAAP financial information, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in this earnings release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in this earnings release. The non-GAAP financial measures in this earnings release may differ from similarly titled measures used by other companies.

Non-GAAP Financial Measures in Guidance

Driven Brands includes Adjusted EBITDA and Adjusted EPS in the Company’s Fiscal Year 2023 Guidance. Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures and have not been reconciled to the most comparable GAAP outlook because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management’s control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide outlook for the comparable GAAP measures. Forward-looking estimates of Adjusted EBITDA and Adjusted EPS are made in a manner consistent with the relevant definitions and assumptions noted herein and in our filings with the SEC.

Adjusted Net Income and Adjusted Earnings Per Share

Adjusted net income attributable to Driven Brands Holdings Inc. (“Adjusted Net Income”) and Adjusted diluted earnings per share attributable to Driven Brands common stockholders (“Adjusted Earnings Per Share”) are considered non-GAAP financial measures under the SEC’s rules because they exclude certain amounts included in the net income attributable to Driven Brands common  stockholders and diluted earnings per share attributable to Driven Brands common stockholders calculated in accordance with GAAP. Management believes that Adjusted Net Income and Adjusted EPS are meaningful measures to share with investors because they facilitate comparison of the current period performance with that of the comparable prior period. In addition, Adjusted Net Income and Adjusted Earnings Per Share afford investors a view of what management considers to be Driven Brands’ core earnings performance as well as the ability to make a more informed assessment of such earnings performance with that of the prior period.

Adjusted EBITDA

Adjusted EBITDA is considered a non-GAAP financial measure under the Securities and Exchange Commission’s (“SEC”) rules because it excludes certain amounts included in net income calculated in accordance with GAAP. Management believes that Adjusted EBITDA is a meaningful measure to share with investors because it facilitates comparison of the current period performance with that of the comparable prior period. In addition, Adjusted EBITDA affords investors a view of what management considers to be Driven Brand’s core operating performance as well as the ability to make a more informed assessment of such operating performance as compared with that of the prior period.

Please see the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the SEC on March 1, 2023, for additional information on Adjusted EBITDA. The tables below reflect the calculation of Adjusted EBITDA for the three and nine months ended September 30, 2023, compared to the three and nine months ended September 24, 2022.

About Driven Brands

Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Take 5 Car Wash®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®. Driven Brands has more than 4,900 locations across 14 countries, and services over 70 million vehicles annually. Driven Brands’ network generates approximately $2.3 billion in annual revenue from approximately $6.2 billion in system-wide sales.

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31 10, 2023

Zoom Drain Launches New Franchise Location in the Auburn Area

2023-10-31T18:09:04-04:00October 31st, 2023|Tags: , , , , |

Trusted Name in Drain and Sewer Services Set to Support Local Property Managers, Contractors, Plumbers & Homeowners with 24/7, 365 Drainage Solutions

OPELIKA, Ala. — Zoom Drain – a leading operator of drain and sewer services – opened its newest franchise location in the Auburn, Alabama, area on Oct. 30th. Zoom Drain Auburn will proudly serve the Auburn/Opelika area and East Central Alabama, including the Montgomery/Prattville areas and surrounding communities. Currently, there are three Zoom Drain franchise locations in Alabama, with 58 total locations nationwide.

The local owners of the new Zoom Drain-Auburn are Richard Manry and Gina Moore.  After graduating from Auburn University, for the past 25 years, Richard has been a medical/surgical device representative. Gina is also an Auburn University graduate. After 30-plus years as a speech and language pathologist, she elected to put her Master’s in (school) Counseling to work.  Both Richard and Gina’s professions required being detail-oriented and servicing others. “We both know and understand the value of helping people and the requirement of exceeding customers’ expectations, whether it’s surgeons, patients, children, or parents; we listen and deliver expert service and satisfaction!” Richard and Gina commented.

Richard and Gina were impressed with Zoom Drain’s attention to detail and commitment to hiring the best technicians who are not only great at drain/sewer cleaning but also vetted & background checked.  “I’ve got kids and grandkids, so who I let come into my home or business is important,” says Gina. Richard added: “Our technicians wear shoe covers; after job completion, they clean up after themselves. It’s an honor to enter your home or place of business, and we promise to take care of them!”

Zoom Drain provides around-the-clock residential and commercial services centering on drain and sewer cleaning, sewer pipe video inspections, grease trap maintenance, and various snake-cable sizes to fit the customer’s needs.  From clogged sinks and bathtubs to main sewer line blockages, Zoom Drain utilizes five different drain cleaning machines and a custom hydro-jetter to tackle any sewage issue that arises. Customers include commercial property managers, contractors, plumbers, and homeowners needing immediate solutions to drain and sewage issues.

Zoom Drain prides itself on consistently providing swift, dependable service by expertly-trained specialists for emergency and planned maintenance service needs – everything that has to do with wastewater management. Zoom Drain is available 24 hours a day, seven days a week, 365 days a year, and there’s never any additional cost for “off-hours” service such as nights, weekends, or even holidays.

“We cannot be any prouder to see the Zoom Drain Auburn team further expand our concept into more local communities,” said Jim Criniti, CEO of Zoom Drain. “They have the full support of the corporate team behind them as they look to continue upholding our brand’s stellar reputation.”

To learn more about Zoom Drain, visit https://www.zoomdrain.com/.

About Zoom Drain:
Zoom Drain is an operator and franchisor of drain and sewer services focusing on the repair, maintenance, and installation of everything “below the drain.” Zoom Drain provides expertly trained wastewater specialists for emergencies and planned maintenance of drains and sewers. Headquartered in Philadelphia, Pennsylvania, Zoom Drain currently has more than 58 locations across the U.S. and continues to grow.

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31 10, 2023

Clean Eatz Packs Healthy Lifestyle System into Single Box

2023-10-31T18:00:56-04:00October 31st, 2023|Tags: , , , |

New 30-Day Reboot Kit Built to Kickstart Diet and Total Wellness

WILMINGTON, N.C. — Clean Eatz, America’s leading health food restaurant and meal kit delivery franchise, has debuted the brand’s newest product, the Reboot Box, in response to a significant spike in customers seeking a simple, streamlined solution capable of recalibrating their nutritional lifestyle.

The Clean Eatz product development team spent the better part of two years defining the keys to some of their customers’ greatest dietary successes. Tapping into results from the brand’s annual WeChangeLivez Challenge (WCL), in which participants track their wellness efforts for the chance to win prizes, the Clean Eatz team noticed a few similarities.

“Every person who moved the needle over the last 5 years of WCL – and there have been a ton – had two things in common: They stuck to a defined, easy meal routine, and they committed to regular physical activity,” said Evonne Varady, Clean Eatz founder and Co-owner. “This combo was their lightening in a bottle, and we wanted to capture it in a single kit that men and women could use to replicate those results.”

After dialing in the right nutritional plan for a one-month supercharge, Clean Eatz worked with experts in the physical fitness space to map out other practices for an improved lifestyle shift.

Each Clean Eatz Reboot Kit comes complete with the below items:

  • Voucher for 30 days’ worth of Clean Eatz meals (15 meals a week for 4 weeks)
  • 1 month’s supply of Clean Eatz Dessert Barz for snacks
  • 1 weekly Clean Crust Pizza (Throughout the Reboot month)
  • 1 bottle of Shakez – Clean Eatz Protein Powder
  • 1 bottle of SuperFoodz – Clean Eatz Supplement Powder
  • The Official Reboot Lifestyle System Guide
  • Reboot workout swag

“We knew the plans and nutritional tools in the Reboot Kit had to be sustainable for our fans to stay committed for 30 days,” Varady said. “No one has time for unrealistic diet fads. As long as it made sense, we included it as part of this lifestyle system.”

The Reboot Kit retails for $499. It is available at all participating Clean Eatz café locations.

For more information on Clean Eatz and its franchising opportunities, please visit https://cleaneatz.com/franchise.

ABOUT CLEAN EATZ
Clean Eatz, which launched in 2011 and started franchising in 2015, was co-founded by husband-and-wife duo Don and Evonne Varady, as a means of helping individuals and families change their lives by providing them with better nutrition options, a steady dose of health and wellness education, and a diverse support community that’s committed to helping each other in becoming their best selves. By supplying such healthy alternatives, the Clean Eatz brand has continued to win over communities with their dine-in, grab-n-go, catering, marketplace, and weekly online meal plan selections. With 94 locations operational and 87 in development, the franchise will likely be coming to an address near you soon.

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31 10, 2023

The Beauty of Giving Back: MY SALON Suite Raises More than $120,000 for St. Jude Children’s Research Hospital® in Just One Month

2023-10-31T17:49:29-04:00October 31st, 2023|Tags: , , , |

Salon suite franchise surpasses 2023 fundraising goal, raising over $600,000 for cancer research in the last five years

CARROLLTON, Texas — MY SALON Suite, a salon suite franchise that focuses on providing stylists and beauticians a personal space to build their business and the beauty industry’s future, announced it has raised more than $120,000 this year for St. Jude Children’s Research Hospital through the brand’s Suite Relief Fund™, an annual fundraiser held in September in honor of Childhood Cancer Awareness Month. This marks the fifth year of the fundraiser, and the third consecutive year the brand has surpassed its goal to raise more than $120,000.

The long-standing partnership between St. Jude Children’s Research Hospital and MY SALON Suite began with the launch of the Suite Relief Fund™ in 2018. Now, the Suite Relief Fund has raised over $600,000 for St. Jude Children’s Research Hospital since the partnership’s inception. Continued support through financial donations helps St. Jude provide treatment, travel, housing, and food to the more than 400,000 kids with cancer around the world each year, at no charge to their families.

“For the third consecutive year, the MY SALON Suite community rallied together to surpass our goal and raise over $120,000 for St. Jude,” said Stacy Eley, president of Suite Management Franchising. “The majority of donations this year were less than $50, the collective effort and generosity of so many of our Members and their clients adding up to a huge number. With MY SALON Suite’s ongoing growth and expanded efforts, we look forward to continuing our support of St. Jude’s life-saving mission and achieving an even greater impact in the years to come.”

MY SALON Suite surpassed its fundraising goal through generous donations from clients, members, franchise partners, vendors and the Suite Management Franchising team. Scott Neglia, owner of MY SALON Suite Port Jefferson, and Mike and Tonya Hilliard, owners of MY SALON Suite West Melbourne, were this year’s top fundraising locations. As part of the brand’s commitment to giving back, MY SALON Suite also recently honored multi-unit franchisee Randy Gunst with the B.I.G. (“Beauty in Giving”) Award during the brand’s annual convention, in recognition of his contributions to his community.

For more information about the MY SALON Suite franchise, visit https://www.mysalonsuite.com, or contact Mark Jameson at mark.jameson@propelledbrands.com or 214-346-5679.

About MY SALON Suite

MY SALON Suite is a salon suite franchise designed for individuals with an entrepreneurial spirit who are interested in diversifying their portfolio while enjoying a semi-absentee lifestyle. The company was established with the aim to inspire and empower the modern-day salon owner, providing a unique opportunity for a diverse range of beauty and health professionals to successfully manage their businesses. MY SALON Suite members are provided with ongoing training, support, and a robust referral network to bolster their business growth. The brand, which is ranked #66 on Entrepreneur’s Highly Competitive 2023 Franchise 500® List, is widely recognized for its rapid expansion and significant success.

A strategic alliance partnership with Propelled Brands has allowed the nation’s largest family-owned collection of salons to fuel the brand’s growth. Currently, MY SALON Suite boasts over 330 locations in 35 states across the United States and Canada, with 165 franchisees and over 8,500 Suite Elite Members. The franchise concept plans to continue its expansion in the coming years.

To learn more about MY SALON Suite, visit mysalonsuite.com.

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31 10, 2023

Tint World® continues North Carolina expansion with North Raleigh

2023-10-31T17:50:45-04:00October 31st, 2023|Tags: , , , |

The National Automotive Styling Centers™ eighth franchise location in the state will introduce their growing catalog of premium aftermarket solutions to drivers in Wake Forest and beyond.

RALEIGH, N.C. — Tint World® Automotive Styling Centers™, a leading auto accessory and window tinting franchise, continues their rapid growth in North Carolina with the opening of their newest location in North Raleigh.

Tint World North Raleigh is owned by former software professional and entrepreneur Nicklaus Wynne. His location will introduce North Raleigh and neighboring communities to a robust selection of services and premium aftermarkets solutions such as custom audio and video systems, wheels and tires, security upgrades, industry leading window tinting, paint protection films and more.

“After building a successful career in IT and software, I realized it was time to invest in another passion of mine,” Wynne said. “I’ve always loved automotive upgrades and aftermarket enhancements, and Tint World’s stellar franchise model helped turn my hobby into a lucrative business opportunity. Our team of top-notch technicians and service experts are ready to meet the needs of drivers throughout North Raleigh and transform their dreams of customization into realities.”

Wynne began his journey into franchise ownership during a special year for Tint World – the company’s 40th anniversary.

“When we began speaking with Nicklaus in 2022, it was clear to us that he would be a fantastic culture fit and that his professional background would lend itself toward finding success in our system,” said Charles J. Bonfiglio, president and CEO of Tint World. “We’ve poured years of work, testing and talent into creating a reliable system of repeatable process that is proven to not only work, but truly empower dedicated owners to create memorable experiences for their customers and enjoy life with a profitable business. As the latest member of our family, we welcome Nicklaus with open arms and look forward to hearing excellent stories about his service in the North Raleigh market.”

Tint World North Raleigh, located at 13411 Falls of Neuse Road, Suite 102, Raleigh, North Carolina 27614, serves the Raleigh, Wake Forest, Rolesville, Youngsville, Knightdale, Wyatt, and Neuse areas. To book an appointment, request a quote, or find out more about the store and its products and services, call (919) 432-5334 or visit https://www.tintworld.com/locations/nc/north-raleigh-144/.

Tint World Automotive Styling Centers offer sales and installation of auto accessories, mobile electronics, audio video equipment, security systems, custom wheels and tire packages, window tinting, vehicle wraps, paint protection films, detailing services, nano ceramic coatings, maintenance and repair services, and more. Tint World is also the leading provider of residential, commercial and marine computerized window tinting and security film services with locations throughout the U.S. and abroad, with franchise opportunities available worldwide.

About Tint World®
Founded in 1982, Tint World® Automotive Styling Centers™ is America’s largest and fastest-growing automotive accessories and window tinting international franchise, specializing in window tinting, protective films, vehicle wraps, audio and electronics, security systems, car and truck accessories, wheels and tires, detailing and ceramic coatings, and installation services.

Tint World® Mobile Services™ include marine, residential, and commercial window tinting films, solar films, decorative films, safety and security films, and protective ceramic coatings. Tint World® has locations in the United States, Canada, Saudi Arabia, and the United Arab Emirates, with master franchise opportunities available worldwide. To find out more, please visit www.TintWorld.com or  https://www.tintworld.com/franchise-opportunities.

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30 10, 2023

ALWAYS BEST CARE OF NORTHWEST LOUISIANA EXPANDS SERVICE AREA

2023-10-30T18:58:43-04:00October 30th, 2023|Tags: , , , |

Leading Senior Care Franchise Meeting Increased Demand Throughout Shreveport and Surrounding Communities

ROSEVILLE, Calif. — Always Best Care Senior Services, one of the leading senior care franchise systems in the United States, announced today that local franchise owner Keith Carter is growing his territory in and around Shreveport, Louisiana, to meet the demand of a growing senior population. Always Best Care of Northwest Louisiana has been providing non-medical in-home care and assisted living referral services to the area since 2015. Now, Carter has expanded to serve nearly 30 additional communities such as Mansfield, Coushatta, Many, and Natchitoches.

“Working with our caregiving team over the last nine years to allow our senior neighbors to age in place and improve their quality of life every day has been very rewarding,” said Keith Carter. “We hear from so many grateful families who are relieved to know their parents and grandparents are safe and well cared for at home. This opportunity to expand our service area means we can now have that same impact on all nine parishes in Northwest Louisiana.”

A longtime resident of Shreveport, Carter earned a bachelor’s degree in medicine and is currently in his second year of an MBA program at the University of Louisiana at Lafayette. He previously worked for over 32 years in pre-hospital, acute care and post- acute environments. While searching for caregivers for his own father in 2014, he found Always Best Care and recognized the opportunity to help meet the in-home senior care needs of other families like his. Carter began working with the previous owners and purchased the territory the following year. Since then, Always Best Care of Northwest Louisiana has been awarded an exclusive contract to provide in-home and respite care to the Caddo and Bossier Council of Aging and provides in-home care to military veterans through a regional contract with the VA Medical Center in Shreveport. Always Best Care Senior Services of Northwest Louisiana is A+ rated with the Better Business Bureau and is certified by the National Association of Home Care. In 2019, Carter and his Shreveport team won the Always Best Care award for largest increase in business by any franchise in his division.

Always Best Care is one of the nation’s leading providers of non-medical in-home care and assisted living referral services, with skilled home health care in limited markets. The company delivers its services through an international network of more than 225 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.

Always Best Care Senior Services of Northwest Louisiana is located at 4700 Line Avenue, Suite 111 in Shreveport. Carter plans to open satellite offices in Minden and Natchitoches in 2024.

For additional information on services available, or for a free evaluation, call 318-424-5300 or visit alwaysbestcare.com/shreveport.

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 has been assisting seniors with a wide range of conditions and personal needs for over 27 years 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 exclusive programs such as Always in Touch, Balance Tracking System, remote patient monitoring and a 24/7 AI Virtual Care Agent. For more information regarding Always Best Care’s solutions, visit www.alwaysbestcare.com.

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