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 Undefeated Tribe, Crunch Fitness's largest franchise group, is targeting 100 gyms across five states by 2028 after opening its 50th location.

The Undefeated Tribe, Crunch Fitness's largest franchisee, has grown from a single Austin location in 2018 to more than 50 gyms across five states. The group now holds nearly 200 territory licenses and plans to reach 100 open locations by 2028, with six new Austin-area gyms opening this year alone.
Chief Brand Officer Brooke Chavez says the group fills out markets it already operates in before chasing new territory, a strategy that reduces marketing costs and speeds up staffing. Site selection criteria include gyms larger than 40,000 square feet, strong household density within a five-mile radius, and even strong competitor performance nearby, which the group treats as proof of demand rather than a threat.
Each new Austin club creates 80 to 120 jobs during opening before settling into a standing team of about 100, giving franchisees a concrete staffing benchmark for underwriting new sites. The group's growth also shows how boutique add-ons, like reformer Pilates and infrared sauna bundled into a $9.99 membership, can help low-price operators compete against premium studios without raising prices.
Undefeated is scouting southeast, north and west Austin submarkets next, with North Austin, Georgetown and Leander gyms scheduled to open by the end of the year. For franchisors watching unit economics, the group's approach argues that disciplined geographic density, not aggressive new-market entry, is what turns a single-market franchisee into one of a brand's fastest-growing groups nationally.
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.