BisnowKinderCare Real Estate Locks In $650M Refinancing
A private REIT tied to the Milken family refinanced a 549-property KinderCare portfolio as the childcare operator's stock slides on weak enrollment.
The strength-training franchise is handing day-to-day leadership to a longtime multi-unit operator and rolling out AI tools as it pushes past 50 studios.

MADabolic just handed day-to-day control of its 44-unit strength-training system to a franchisee who has run studios inside it for nearly a decade. Corbin Jennings takes over as brand president as co-founders Brandon Cullen and Kirk Dewaele step back from operational control, a leadership swap the company is pairing with a wave of AI investment as it pushes toward 50 studios by early 2027, shortly after its 15th anniversary.
Jennings built a five-unit MADabolic portfolio across Washington, D.C., Maryland and Virginia before stepping into the corporate role, and the company has also hired a vice president of marketing and revenue growth and an in-house recruiter. That background matters for existing franchisees: a president who has managed real estate, staffing and P&L inside the same system tends to make different calls than a founder running things from a distance.
The brand has built AI-based assessments for general manager candidates, an AI-powered knowledge base inside its franchisee onboarding platform, and an AI CRM aimed at converting leads faster. A new KPI dashboard gives franchisees and corporate the same real-time view of studio performance, closing a visibility gap that typically widens once a system scales past 40 units and adding consistency to how each location tracks its numbers.
Through the end of 2026, MADabolic is discounting initial franchise fees for multi-unit signings and contributing $10,000 toward pre-opening marketing per location. Pairing a fee discount with leadership that understands unit economics from the inside is a direct pitch to the operators MADabolic needs to clear 50 studios, and it signals the brand wants growth to come from proven multi-unit operators rather than first-time owners.
BisnowA private REIT tied to the Milken family refinanced a 549-property KinderCare portfolio as the childcare operator's stock slides on weak enrollment.
Revscale Media (illustration)Husband-and-wife franchise owners Ryan and Ashley Mitchell are extending their Always Best Care senior care territory across Indianapolis' South Side.
Revscale Media (illustration)GreatWater 360 Auto Care acquired seven-location Clutch Automotive, entering Houston and pushing its national footprint past 170 locations.
Travel And Tour WorldThe hotel franchisor's board confirmed its interim chief as permanent CEO, betting an internal finance and brand veteran can steady franchisee relationships and development.
Bill Truslow / Franchise TimesThe high-value, low-price gym chain signed its first new-to-system development deal in over a decade, betting fresh operators can reach markets left untapped.
Revscale Media (illustration)The private equity giant's reported acquisition extends a consolidation wave that already includes Neighborly and Groundworks into garage door repair.