News: Long Island

Primrose Schools signs Long Island multi-unit development deal

Primrose Schools, a family of accredited early education and care preschools with 300 schools across 25 states, has signed its first multi-unit area development deal in Long Island, which will bring up to eight Primrose schools to Nassau and Suffolk counties. With this deal, Primrose has officially expanded its footprint into New York. Six Long Island-area entrepreneurs have partnered and signed on to run the Long Island submarket and develop eight Primrose schools throughout Nassau and Suffolk counties. Although their first venture with Primrose Schools, the local entrepreneurs are not new to franchising and come from various entrepreneurial backgrounds and careers including marketing and sales. They also have a hand in several other franchises including Cinnabon and Auntie Anne's. Multi-unit area development deals are typically common among quick-service restaurants and food franchises, not early education and care franchises. However, for Primrose, this is a direct reflection of the growing demand for high-quality early education and care that the franchise company is experiencing across the country. Primrose has also identified New York, among other markets, as a market for immediate expansion due to strong demand for high-quality early education, entrepreneurial interest and unique real estate opportunities. Shown (from left) are: Om Bhathija, Vijay Alreja, Kamla Alreja, Bill Pierquet (vice president, school development, Primrose Schools), Jo Kirchner (CEO and president, Primrose Schools), Raj Whadwa, Roozi Whadwa, Sonia Alreja, Kim Nunez (director of franchise development, Primrose Schools), and Shveta Alreja, Rahul Alreja.
MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.