GLEN ALLEN, Va., June 10, 2016 /PRNewswire-USNewswire/ -- When new CEO, Vance Spilman, spoke at his first corporate retreat, the topic was, "The Beginning of A New Day." Gail Johnson (Founder) brought Spilman in with one focus: growth. After 25 years at the helm, she recognized that to meet its potential, Rainbow Station needed Spilman's skillset. Instrumental earlier in two other explosive growth brands, he brings the experience of being both a large, multi-unit franchisee (Five Guys) and running a 350-store franchisor (Sweetfrog). He wasted no time reinvigorating franchise growth within the company.
The Rainbow Station owners at Wyndham (Richmond), VA, and Ballantyne (Charlotte), NC, are opening second locations. Nicole Lambert is constructing a Charter Colony location (south of Richmond), opening in September. Parks Hunter has purchased property for his second school near Charlotte. Steve Ramos has broken ground near Indianapolis, Indiana, opening this fall. Ross Grieve, who led the school-age divisions for the past four years, has acquired the Hanover Medical Park location (until now, corporately owned). There are additional locations under negotiation in Austin, TX, and in China.
Rainbow Station has a truly differentiated business model that is not only unique, but also extremely profitable for franchisees. By virtue of its distinctive suite of services, which include 1) The highest quality Early Education programming and curriculum 2) Innovative School-Age Recreation 3) Sick Child Care and 4) Summer Day Camps, the primary tactic to find operators thus far has been to appeal to mission driven educators wanting to make a difference.
The benefit of owning a Rainbow Station that hasn't been touted well enough is that you can help your community AND make a very good living. Operating profit (as measured by EBITDAR, meaning earnings before interest, taxes, depreciation, amortization and rent costs) for an average Rainbow Station is double that of its closest competitor. And, the franchise fee and royalty structure are, at present, considerably lower. As an investment, a Rainbow Station preschool has the potential to be extremely profitable for years with limited ongoing additional capital investment. Visit franchise.rainbowstation.org to learn more. Meet Gail Johnson (Founder), at the International Franchise Expo in NYC on June 16-18 (ifeinfo.com).
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SOURCE Rainbow Station