Finance & M&A — page 144

F45 Training's CFO, Chris Payne, has stepped down to address personal and family matters, but will continue to support the company in an advisory capacity.

Cinch I.T. was recognized as one of the Top Franchises for Veterans in 2022 by Entrepreneur Magazine.

Xponential Fitness is celebrating its Q3 2022 performance. The largest global franchisor of boutique fitness brands reported its third quarter 2022 revenue of $63.8 million and raised its guidance for full-year 2022 revenue and adjusted EBITDA.

VaVia's recession-resistant business model leads to continued revenue increases, as the dumpster rental industry remains strong in the face of financial trouble.

VaVia, a dumpster rental franchise, experienced a 51% revenue increase in Q3, with significant strides in franchise development and signings.

Wendy's restaurants in Central Florida begin sourcing renewable energy from Duke Energy Florida's Clean Energy Connection program.

The Joint Corp. has been ranked on the 2022 Franchise Times Top 500 list, the most comprehensive ranking of 500 of the largest U.S. franchise systems, at 198 and fifth on the Top 10 Fastest Growers by Unit Percentage.

Prospective franchisees must consider the size of their exclusive franchise territory, affecting their earnings and ability to reach customers.

FranNet holds its annual Fall Conference for franchisors and consultants, connecting experts to match entrepreneurs with business opportunities.

Trend alerts to assist you with your international expansion plans

BRIX Holdings appoints Sherif Mityas as Chief Executive Officer and Dawn Petite as Brand President for Friendly’s Restaurant Group, bringing industry experience and leadership to the roles.

The article reports on the NFIB’s October Small Business Optimism Index, which showed a decline in optimism due to inflation, supply chain disruptions, and labor shortages.

FAT Brands announced the hiring of Jeremy Theisen as its first Chief Growth Officer, focusing on growing the development pipeline across the FAT Brands portfolio.

Trend alerts to assist you with your international expansion plans

Franchisees can expect to pay various fees, including the franchise fee, ongoing royalty fees, and professional fees, when investing in a specific franchise concept.

Home Clean Heroes, the residential cleaning franchise under the Buzz Franchise Brands umbrella, had another successful quarter as it continues to capitalize on the burgeoning home services industry.

Christian Brothers Automotive is named a Top Franchise for Veterans by Franchise Business Review, recognizing its support for veterans and preparation for successful business ownership.

Franchisors can capitalize on the increased demand for franchise opportunities by targeting individuals who have been laid off, providing a pathway to business ownership.

Potbelly Corporation reported strong results for the third fiscal quarter of 2022, driven by the continued success of its Five-Pillar Strategy and strategic initiatives.

Numerator tracks consumer sentiment, with financial concern rising again in October and consumers worried about the economy and recession.

Franchisors are struggling to open many of the units they sold after the pandemic, with sales numbers for many enterprises and emerging franchisors experiencing a slowdown in 2022.

Franchisors face a backlog of new owners, with many units sold but not yet opened, as franchise development struggles to keep pace with demand.

Mainland CEO Nick Powills and franchise lawyer Charles N. Internicola discuss critical decisions during economic downturns and the consequences of those decisions on franchise brands.

GNC has promoted Rachel Jones to Senior Vice President, Chief Product Innovation and Science Officer.