Phoenix, Arizona (PRWEB) January 13, 2014
Thomas Franchise Solutions, the leading strategic management and investment firm for franchisors, has announced that Bob Bingham, recently retired President and Chief Executive Officer of The Little Gym International, Inc., has joined the company as a Strategic Advisor.
“Bob’s background as a CEO includes experience in several company turnarounds/start ups and in the building of a highly regarded international brand, The Little Gym International. During his tenure, The Little Gym International had nine consecutive years of year-over-year double-digit growth,” says TFS President and CEO Randall Clark. “He brings that operational expertise to TFS.”
Bob served since 1993, less than a year after The Little Gym International, Inc., was founded. Additionally, the company has been profitable each year for the last 15 consecutive years (1997 through 2012). The Little Gym International currently has more than 280 gyms in 29 countries. During his 20 years as CEO of The Little Gym International, Inc., the company received many awards including International Council of Shopping Centers Hot Retailer of the Year; Entrepreneur Magazine’s Top 500 Franchises; INC. Magazine’s 5,000 fastest growing companies in America; Entrepreneur.com’s Top global franchises; National Minority Franchising Initiative’s Top 50 Franchises for Minorities; and Franchise Business Review Top 50 Franchises. Prior to the Little Gym, Bob had a successful career in the broadcasting industry, owning and operating radio stations in Washington, Alaska, Utah and Northern California.
About Thomas Franchise Solutions
Thomas Franchise Solutions makes growth capital equity investments in private early and expansion stage companies in North America that have, or will have, franchising as their core expansion strategy.
Since 1974, Chairman Peter H. Thomas has been a successful franchisee and franchisor, founding Century 21 Canada and developing the Four Seasons Resort in Scottsdale, among many other successful businesses. The TFS Fund and its team have been created specifically to invest in and support franchise concepts. The Fund is able to invest significantly in well-established franchisors to provide predictable continued growth on a large scale, driven by recurring royalty streams as well as regional and sometimes international franchise sales.