WORKOUT ANYTIME in Franchise Times

The article was entitled “Open Season: Blockbuster is kind, rewinds abandoned space for franchisors” and featured information and quotes from WORKOUT ANYTIME VP of Development Randy Trotter and Buffalo Grove WORKOUT ANYTIME Owner Jeff Cercy. The article provides information about Blockbuster’s recent announcement that they’d be closing roughly 300 remaining stores, and the positive impact that’s having on franchise brands looking for real estate. Randy is quoted about the great real estate Blockbuster locations provide and their plans to utilize them in 2014, as well as the process they go through when negotiating the conversion of a Blockbuster site. The article then provides information about WORKOUT ANYTIME franchisee Jeff Cercy’s converted Blockbuster location and quotes from him about how identifiable Blockbuster propery can be.

You can view the article here. 

Workout Anytime Featured in Franchise Times

Workout Anytime was recently featured in the Franchise Timesin an article titled, "Nest Eggs: Done right, a rollover of retirement funds can be smart option".

The article is a trend piece on franchisees using their 401(k) to purchase their business. John Heifner, Workout Anytime franchisee, gives great insight into how he went about purchasing his Workout Anytime with the use of his 401(k). He went on to say “Starting our third year, I can start thinking about funding a retirement again instead of keeping my money more fluid for cash flow.”

Click HERE for the full article or begin reading below:

Nest Eggs

Done right, a rollover of retirement funds can be smart option

By: Jeffrey McKinney

More franchisees are using their 401(k) retirement funds to finance the purchase of a franchise. Who should consider the move? Experts explain the do’s and don’ts, including warnings about strict IRS rules.

Jeremy Turner’s decision to pretty much tap out his retirement funds to buy a Lawn Doctor franchise was very clear: He calls it the best option he had after banks would not lend him the money.

Turner withdrew $70,000 from his 401(k) plan and another $30,000 he and his wife had in savings to start the lawn care business in St. Louis in 2010. Turner says he discovered companies charge around $5,000 to help complete the financing process. “I would not suggest that someone try to do this on their own because of tax and other risks involved,” he says.