FRCN News Rebounding Consumer Spending And Smal
Post# of 144482
FRCN News
Rebounding Consumer Spending And Small Business Lending Signal Growth For Firemans Contractors Franchises
2012-10-18 08:57 ET - News Release
Pent-up demand for pavement maintenance and repair creating jobs and openings for new franchise business nationally. FORT WORTH, Texas , Oct. 18, 2012 /PRNewswire/ -- Firemans Contractors, Inc. (OTCBB: FRCN) (OTCQB: FRCN); A rebound in consumer spending is spurring businesses and retailers to focus on parking lot and pavement maintenance, creating opportunities for Firemans Contractors franchise owners . (Logo: http://photos.prnewswire.com/prnh/20120920/DA77955LOGO ) Renee Gilmore , CEO of the Fort Worth -based company, which provides road and pavement improvement, maintenance, and repair services to commercial and government clients in Texas and across the country, says "the renewed interest in maintenance and repair, coupled with record lending to small businesses, are ideal conditions for new Firemans Contractors franchisees, veterans especially." "Our first Firemans Contractors franchise opened only a little over three months ago and within just two months of operation had already generated revenues in excess of 75% of the franchise cost," Ms. Gilmore continued. "This is extremely encouraging for new franchise owners, especially when considering the relatively low cost of starting up a Firemans Contractors franchise." Firemans Contractors , a publicly-traded company founded by a Texas firefighter, Mr. Aaron Gilmore . "Benefits from a respected brand and a reputation for high-quality service and reliability results in repeat business, significantly from large property-management companies and Fortune 500 clients, those increased from 67% to 89% between fiscal 2011 and 2012. More than 20% of Firemans Contractors revenues in fiscal 2012 came from Fortune 500 companies, including major retailers and other businesses that are now looking to bring their properties back to code," Mr. Gilmore says.