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April News Round-Up

Once again we’ve reached the end of another productive month and Proven Match is here to provide you with the latest news roundup. In a bid to keep you as informed as possible on our franchise industry happenings, we have several updates and insightful items for you to peruse. In no particular order, here are some of April’s most important highlights:

Franchise Spotlight: Best in Class Education System Goes National

The Best in Class franchise concept is now set on rolling out their offerings on a nationwide scale. Best in Class Education System is a franchise offering education enrichment programs in math and English. With 40 regional locations now up and running, the time has come to expand even further. Now, new open territories will guarantee that all students will have a shot at Best in Class’ “Gift of a Lifetime” promise. The classes that are offered give students critical thinking skills designed to facilitate future professional and developmental achievement. For more information on Best in Class’ expansion efforts, please visit http://bestinclasseducation.com.

Quarterly Reports

Several franchises have had a solid 1st quarter in 2017. With earnings reports out, a few of the winning concepts out there include: 

  • East Coast Wings + Grill added four new locations to their total of 60 across the east coast, proving that wings and craft beer continue to be a tried and true combination for fast casual patrons
  • Snap-On Tools, a provider of tools and diagnostic equipment, saw their 2nd quarter net sales numbers jump 6.3 percent
  • GNC Stores, a vitamin and health supplement chain, announced that five million members enrolled in the “myGNC Rewards” loyalty program

Live Conference Updates?

The IFA Multi-Unit Franchise Conference kicked off yesterday and runs through Wednesday, April 26. We can be the attendees must be having a good time, considering it’s being held at Caesar’s Palace in Las Vegas. If you’re out there, drop us a line! This is one of the biggest franchise expo shows of the year. 

Reminder - the IFA Franchise Development Program seminar to be held May 18 at the Westin Buckhead Hotel in Atlanta, GA. During these semi-annual programs, franchise executives can learn about development solutions and best practices with real world scenarios. Franchisors are becoming more creative in attracting franchise candidates—find out how you stack up against the competition. Details on registration and travel arrangements can be found here.

Latest Top-5 Rankings

Brought to us by Entrepreneur Magazine’s Franchise 500 Rankings, here are the current concepts holding down the top spots on the leaderboard:

  1. 7-Eleven
  2. McDonald’s
  3. Dunkin’ Donuts
  4. The UPS Store
  5. Jimmy John’s

Latest from TrumpLand:

Expect some not-so-big news from Capitol Hill on Wednesday, as the Trump Administration unveils their ambitious tax cut plans, designed to effect individuals and companies. There should be a little something for everyone in the way of relief from tax reform/reduction and the franchise industry awaits with bated breath. However, according to Mick Mulvaney, director of the White House Office on Management and Budget, details to be announced will reflect “guidance” on the plans, not specific details.

That covers it for April. We’ll see you back here at the end of May…

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As a franchisor, you’ll want to know which existing and potential franchisees best fit your business concept. Proven Match is the proven solution in determining those factors. Through our proven behavioral assessment techniques, predictive analysis becomes a predictive success for your franchise concept. If you’re ready to show your leadership by getting started, give us a call and we’ll put you on the path to a more productive year in 2017.

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