Rebounding Consumer Spending And Small Business Lending Signal
Growth For Firemans Contractors Franchises
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.
Franchise Business Rebounding and Growing with Increased
Consumer Spending and Record Small Business Loans
Average consumer spending in August reached its highest level
for August since 2008, according to a report from Gallup in
September, a very positive sign for Firemans Contractors clients
and franchisees, says Ms. Gilmore. And on Oct. 9 the US Small Business Administration (SBA)
announced that during fiscal 2012 its loan programs had reached its
second-highest total ever for loan dollars in a fiscal year,
supporting $30.25 billion in loans to
small businesses.
A report by HS Global Insight projected that after three
consecutive years of decline, the number of franchise
establishments in the US would increase by 1.9% in 2012, with sales
growth of 5.0%.
"Consumer spending picked up in late in 2011, and we expect
additional gains in 2012," said the report, which noted that
"franchises weather poor economies relatively well."
Franchise businesses account for 3% of US GDP, the report
estimates.
About Firemans Contractors — "Contractors You Can
Trust"
Founded in 2009 by firefighter Aaron
Gilmore, currently COO and director of the company, Firemans
Contractors is recognized for its integrity, strong customer
relationships, and high-quality performance at competitive prices.
The company, which recently began its franchise development,
donates a percentage of its profits to local Firefighters'
Associations.
Firemans Contractors' professional services include road
improvements, pavement maintenance, seal coating, parking lot
striping, pavement marking, asphalt maintenance and repair, and
Americans with Disabilities Act (ADA) compliance services.
To learn more about the Firemans Contractors franchise program,
visit Firemans Contractors Franchise Opportunities.
For more information or an interview contact:
Renee Gilmore
Chief Executive Officer
Firemans Contractors, Inc.
http://www.firemanscontractors.com/
1 (800) 475-1479
1 (888) 899-5957 Fax
Media@FiremansContractors.com
SOURCE Firemans Contractors, Inc.