Franchise Services of North America Inc. announced today the signing of a U-Save Master Franchise Agreement for the Country of Mexico, a new U-Save airport franchise in Colorado Springs, Colorado, and a new Rent A Wreck franchise in Gormley, Ontario. The Gormley and Colorado Springs locations will open immediately; Guadalajara and Puerto Vallarta, the first two operating locations under the Mexico Master Agreement, are expected to begin operating under the U-Save brand later this spring.
“We are extremely excited about these new franchise locations and the continued development of the system. The original business model called for the company to focus its growth efforts on operating in the top 30 airports in North America. Whereas the company has made good progress in reaching those goals in the first year since becoming a publicly traded entity, the interest in the U-Save brand internationally and from the top 50 airports has been very promising and we continue to pursue these opportunities as well. The Colorado Springs airport location is particularly interesting as they were a member of our ARRC association. As a result of utilizing the services and resources available to them through the association they were able to grow their business and become a full-fledged U-Save franchise. This organic growth is a direct result of the synergies provided between the divisions of the Company,” commented Robert M. Barton, Executive Vice President and Chief Operating Officer of FSNA.
Franchise sales activity continues to be a major focal point of the Company’s effort to expand the points of distribution and to broaden awareness of the U-Save brand internationally and the Rent A Wreck brand in Canada. The Company currently has several other candidates under consideration to further expand both brands.