Family Financial Centers ranks No. 221 – Franchise Times Top 200+

NEWS

Family Financial Centers Announces Latest Rankings in Franchise Times

October 16, 2015 12:30 PM EST

Doylestown, PA (Business Wire) – October 16, 2015

Giants stumble for first time in exclusive Franchise Times Top 200+ No. 1 McDonald’s, No. 3 Subway post declines, according to new ranking Smaller brands take up slack, including Anytime Fitness, up 52%, and Dickey’s, up 48%
New online database launches, listing all 500 brands ranked by worldwide sales MINNEAPOLIS- Family Financial Centers ranks  No. 221 on the newly published Franchise Times Top 200+, the exclusive list ranking the top 500 largest U.S.-based franchise systems by worldwide sales (read profile here: http://www.franchisetimes.com/Top-200/Family-Financial-Centers). For the first time since the Franchise Times Top 200+ list began in 1999, some of the very largest brands in franchising showed year-over-year sales declines or surprisingly soft growth given the ongoing narrative of economic recovery in the United States, according to this year’s exclusive ranking by Franchise Times.
Smaller brands took up the slack, with the three fastest growers increasing sales by a remarkable 52 percent (Anytime Fitness), 48 percent (Dickey’s Barbecue) and 40 percent (Marco’s Pizza). In all, the largest 200 U.S.-based franchise systems posted $595.9 billion in worldwide sales in 2014, up 2.1 percent from the prior year, according to the Franchise Times Top 200+. They operated 480,397 units total, a 3.3 percent increase from the year before.
The new report is published in the October issue of Franchise Times, and also available in a new searchable online database, which lists all 500 of the largest U.S.-based franchises. Sales at McDonald’s fell 1.5 percent in 2014, Subway dropped a worrisome 3.2 percent and the top 10 brands taken as a whole only increased their sales by 0.6 percent, the Franchise Times Top 200+ reports. While the reasons appear to be brand specific, rather than some industry trend, they point to a significant change in the franchising status quo. By contrast, some smaller brands posted stunning sales growth, led by Anytime Fitness, with revenue up 52.6 percent, Dickey’s Barbecue Pit up 48.3 percent and Marco’s Pizza up 40.5 percent. The new report includes the top 10 fastest-growing franchises by worldwide sales and number of units. (See details below.) “Like a space shuttle’s heat shield, the industry’s leading edge is bearing the friction for an industry that remains in an opportunistic growth spurt fueled by economic growth at home, continued international expansion, and renewed interest from private equity firms and Wall Street,” according to the lead story in the project, authored by Franchise Times Assistant Editor Tom Kaiser.
The top 200’s 2.1 percent sales increase in 2014 was slimmer than in previous years; that number was 2.9 percent in 2013, 5.6 percent in 2012 and a roaring 8.8 percent in 2011. The top 200 increased its unit count by 3.3 percent in 2014, numbers that were 3.4, 3.9 and 4.3 percent in the previous three years. With no change in the ranking of the five largest franchises-in order, McDonald’s, 7-Eleven, KFC, Subway and Burger King-both McDonald’s and Subway have broken their timeworn winning streaks. Burger King posted a satisfying 5.5 percent sales increase, and Ace Hardware (up 9.7 percent) and Marriott Hotels (up 8.2 percent) also ran counter to the trend of disappointing results in the top 10. (See full details below.) The Franchise Times Top 200+ also analyzes 12 industry sectors and reports which brands are rising and falling in each category, and why. For example, key investments in research led to a 16 percent increase in sales at Right at Home, the biggest gainer in the senior services category, Franchise Times reports. Industry breakouts include four restaurant categories, plus hotel and travel, personal services, printing and shipping, and more. “The Franchise Times Top 200+ gives an extensive, detailed analysis of who’s rising and falling in franchising,” says Beth Ewen, managing editor of Franchise Times. “But more important to our readers, we dig in to report why-what’s behind the numbers, and which CEOs are making the smartest decisions for their brands. It’s a rich and unique source of information for anyone doing business in franchising.” Franchise Times Top 10 Franchises by Worldwide Sales 1.    McDonald’s: $87.8 billion sales, -1.5% from prior year; 36,258 units, 2.3% 2.    7-Eleven: $85 billion* sales, 0%; 55,801 units, 3.6% 3.    KFC: $23.4 billion* sales, 1.7%; 19,420 units, 2.9% 4.    Subway: $18.2 billion sales, -3.2%; 43,154 units, 2.0% 5.    Burger King: $17 billion sales, 4.4%; 14,372 units, 5.2% 6.    Ace Hardware: $14.3 billion sales, 9.7%; 4,794 units, -0.7% 7.    Hertz: $14.2 billion* sales, 2.2%; 11,230 units, -2.8% 8.    Pizza Hut: $12.2 billion* sales, 1.7%; 15,605 units, 4.3% 9.    Marriott Hotels: $9.6 billion* sales, 8.2%; 578 units, 3.4% 10.    Wendy’s: $9.3 billion* sales, -1.1%; 6,515 units, -0.6%      *Franchise Times estimate Franchise Times Top 10 Fastest Growers by Sales 1.    Anytime Fitness: 52.6% increase from prior year 2.    Dickey’s Barbecue Pit: 48.3% 3.    Marco’s Pizza: 40.5% 4.    Planet Fitness: 34.7% 5.    Paul Davis Restoration: 30.7% 6.    Jersey Mike’s Subs: 29.3% 7.    G.J. Gardner Homes: 25.8% 8.    Matco Tools: 25.4% 8.   Snap Fitness: 25.4%    10.   Firehouse Subs: 24.7% Franchise Times Top 10 Fastest Growers by Units 1.    Paul Davis Restoration: 31.5% increase from prior year 2.    Marco’s Pizza: 30.9% 3.    Dickey’s Barbecue Pit: 30.8% 4.    Planet Fitness: 22.6% 5.    Right At Home: 22.3% 6.    Jersey Mike’s Subs: 20.2% 7.    Krispy Kreme: 19.2% 8.    Sport Clips: 17.7% 9.    Firehouse Subs: 17.6% 10.    Jimmy John’s: 17.0% ABOUT THE FRANCHISE TIMES TOP 200+ The Franchise Times Top 200+ is the only ranking by worldwide revenue and locations of the largest 500 U.S.-based franchise brands. Published in the October issue, the Franchise Times Top 200+ also analyzes 12 industry sectors based on percentage change in sales growth, reports the 10 fastest-growing franchises by four different measures, and includes little-known stories about the biggest names in franchising. The rankings and full report, and the new searchable online database, are available at www.franchisetimes.com.
About Family Financial Centers Family Financial Centers is the “Quantum Leap” forward in the evolution of the alternative financial service center. Located in attractive suburban centers, Family Financial Centers have the systems, ambience and professionalism of a traditional bank. FFC offers a full array of financial services including check cashing, money orders, wire transfer, tax preparation services and short-term consumer loans. Family Financial Centers is committed to raising the standard for alternative financial service providers both for product offerings and the way they are delivered to the market. Our centers are conveniently located to our customer’s home or work. We are fully automated with systems that keep the average transaction time to just a few minutes. This allows our customer to have all of their financial needs taken care of conveniently and efficiently, in an environment that is upbeat, professional and friendly. Family Financial Centers is rapidly expanding through the acquisition and conversion of existing financial centers to the Family brand.

Family Financial Centers Welcomes New Owner to Whitehall, PA Location!!!!!

Family Financial Centers Announces New Owner at Whitehall, PA Location

September 4, 2015 2:30 PM EST

Doylestown, PA (Business Wire) – September 4, 2015

Family Financial Centers, LLC, is pleased to announce a new owner at the location in Whitehall, PA. The new owner is Mark Feller, of Allentown, PA. This is a new venture for Mark, but “he has the makings for an extremely successful owner/operator,” said Paul Eckert, President and Founder of Family Financial Centers. The center is located at 1228 MacArthur Blvd., Whitehall, PA 18502. The phone number is 610-820-8117.

About Family Financial Centers Family Financial Centers is the “Quantum Leap” forward in the evolution of the alternative financial service center. Located in attractive suburban centers, Family Financial Centers have the systems, ambience and professionalism of a traditional bank. FFC offers a full array of financial services including check cashing, money orders, wire transfer, tax preparation services and short-term consumer loans. Family Financial Centers is committed to raising the standard for alternative financial service providers both for product offerings and the way they are delivered to the market. Our centers are conveniently located to our customer’s home or work. We are fully automated with systems that keep the average transaction time to just a few minutes. This allows our customer to have all of their financial needs taken care of conveniently and efficiently, in an environment that is upbeat, professional and friendly. Family Financial Centers is rapidly expanding through the acquisition and conversion of existing financial centers to the Family brand.

Why Is Family Financial Centers Essential to the Economy and Working Families?

From CNNMoney (New York) September 12, 2012

10 million U.S. households don’t have bank accounts

The number of people who don’t have bank accounts is on the rise, as many households turn to alternative ways of getting cash — like prepaid cards, payday loans, pawnshops and check-cashing services.

About 8.2% of U.S. households, or nearly 10 million, lack a bank account, according to survey results released Wednesday by the Federal Deposit Insurance Corporation. That’s up from 7.7%, or about 9 million households, in 2009.

Most commonly, households reported that they don’t have a bank account because they don’t have enough money to open and fund one, with 33% of respondents saying this is the case.

Greg McBride, senior financial analyst at Bankrate.com, said that checking accounts can be costly for some consumers — especially for those living paycheck-to-paycheck who can’t meet minimum balance requirements and get hit with fees or those who are chronic overdrafters.

“[There’s a] declining availability of free checking — and a lot of that is banks pushing out unprofitable customers,” said McBride. “And if you have a tendency to overdraft accounts and fees are $35 a pop, that’s really going to prompt you to not open an account.”

About 21% of households say they don’t need or want an account. Meanwhile, 7.5% of households said they don’t trust or like dealing with banks and 5.4% of households said that bank account fees or minimum balance requirements are too high.

Another 6.6% say they can’t open an account because they lack required identification or have a negative banking history or credit profile. And 6.4% report that they previously had an account but the bank closed it — often due to overdrafts or bounced checks — meaning that they may have a hard time opening another account in the future.

Instead of putting their money in a bank, these households are resorting to less mainstream ways of getting the money they need.

Over the last year, a quarter of households have used at least one form of alternative financial service like a money order, check cashing service, tax refund anticipation loan, pawn shop, money-transfer service or payday loan. And about 12% of households have used one of these products in the past 30 days.

Others stick to using only cash, while a growing number are opening prepaid cards. Nearly 18% of households without bank accounts reported using a prepaid card — up from 12% in 2009. That compares to about 10% of overall households using prepaid cards, which is relatively unchanged from 2009.

And while most members of the unbanked say they don’t plan to open a checking or savings account, some do intend to enter the traditional banking world — often because they want to be able to write checks and pay bills, secure their money and save for the future. About a third of unbanked households said they are “very likely” or “somewhat likely” to open an account, and the odds of wanting to open a bank account increase the more a household uses alternatives like check-cashers or prepaid debit cards.

“The high cost of many alternative financial services does take a toll,” said McBride. “On the surface, it starts as a lower cost option relative to $35 overdrafts, but once you’ve rolled over that cash advance [and get charged additional fees], it’s not a lower cost option anymore.”

Households that have had bank accounts in the past are also more likely to say they plan to open an account. This makes sense, said McBride, since most people who haven’t ever had a bank account before don’t understand the value it can provide.

Minority, unemployed, young and lower-income households tend to be the least likely to have bank accounts. Compared to the 8.2% unbanked rate among all households, 21% of blacks are unbanked, as well as 22% of foreign-born non-citizens, nearly 23% of households with unemployed members and 28% of households earning less than $15,000.

In addition to the one in 12 Americans who don’t have a bank account, there’s a group known as the underbanked. These are people who have bank accounts but who still use alternative ways of getting cash — either because it’s quicker to use an alternative or because they think bank accounts come with higher costs. About one in every five households is considered underbanked, representing 20.1%, or 24 million, U.S. households, the FDIC’s survey found. That compares to a rate of 18.2% in 2009.

Altogether, more than one in four U.S. households, or 28.3%, are either unbanked or underbanked.

The FDIC conducted its survey with the U.S. Census Bureau in June 2011, surveying nearly 45,000 households. Its last comprehensive study on the unbanked was released in 2009.

Are you unbanked? E-mail blake.ellis@turner.com to share your story about why you don’t have a bank account.

CNNMoney (New York) September 12, 2012: 4:19 PM ET

Family Financial Centers Presents $6,500 Check to CHOP!!!

NEWS

Family Financial Centers Announces Check Presentation to CHOP

August 6, 2015 3:00 PM EST

Doylestown, PA (Business Wire) – August 6, 2015

Check Presentation 2015

Family Financial Centers, LLC, is pleased to have officially donated $6,500 to The Children’s Hospital of Philadelphia after another successful fundraising gala this year. The check was presented on August 6, 2015 to Jenna Pugh who is the Assistant Director of Event Fundraising and Community Partnerships for The Children’s Hospital of Philadelphia. Ms. Pugh stopped by the corporate offices of Family Financial Centers located in Doylestown, PA. Featured in the check presentation picture from left to right are Jenna Pugh of CHOP, Carrie Nelson, Manager of Administration and Franchise Services at Family Financial Centers, and Paul Eckert, Founder and CEO of Family Financial Centers. This brings the total amount raised by Family Financial Centers and donated to The Children’s Hospital of Philadelphia to $17,500. The next fundraising Gala for CHOP will be in the fall of 2016.

About Family Financial Centers Family Financial Centers is the “Quantum Leap” forward in the evolution of the alternative financial service center. Located in attractive suburban centers, Family Financial Centers have the systems, ambience and professionalism of a traditional bank. FFC offers a full array of financial services including check cashing, money orders, wire transfer, tax preparation services and short-term consumer loans. Family Financial Centers is committed to raising the standard for alternative financial service providers both for product offerings and the way they are delivered to the market. Our centers are conveniently located to our customer’s home or work. We are fully automated with systems that keep the average transaction time to just a few minutes. This allows our customer to have all of their financial needs taken care of conveniently and efficiently, in an environment that is upbeat, professional and friendly. Family Financial Centers is rapidly expanding through the acquisition and conversion of existing financial centers to the Family brand.

Family Financial Centers Opens Up New Store in Ft. Myers, Florida!!

NEWS

Family Financial Centers Announces Additional Florida Location

June 24, 2015 1:00PM EST

Doylestown, PA (Business Wire) – June 24, 2015

Family Financial Centers, LLC, is pleased to announce a new store location in Ft. Myers, Florida. The store is owned by North Dakota resident David Brendsel. Paul W. Eckert, founder and CEO of Family Financial Centers stated, “David is a savvy and innovative entrepreneur and we have the utmost confidence in his ability to be a great success.” The Ft. Myers, FL location is the second Family Financial Centers located in Florida. The store can be found at 3545 Cleveland Avenue, Ft. Myers, FL 33901 and the phone number is 239-689-1068.

About Family Financial Centers Family Financial Centers is the “Quantum Leap” forward in the evolution of the alternative financial service center. Located in attractive suburban centers, Family Financial Centers have the systems, ambience and professionalism of a traditional bank. FFC offers a full array of financial services including check cashing, money orders, wire transfer, tax preparation services and short-term consumer loans. Family Financial Centers is committed to raising the standard for alternative financial service providers both for product offerings and the way they are delivered to the market. Our centers are conveniently located to our customer’s home or work. We are fully automated with systems that keep the average transaction time to just a few minutes. This allows our customer to have all of their financial needs taken care of conveniently and efficiently, in an environment that is upbeat, professional and friendly. Family Financial Centers is rapidly expanding through the acquisition and conversion of existing financial centers to the Family brand.