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WellBiz Sale to KSL Capital was a Long Time Coming

It’s been a long wait for Jeff Jervik, CEO of WellBiz Brands, and his management team to turn around their two chains, Fitness Together and Elements Massage, and get them sold. After seven years of heavy lifting, KSL Capital Partners purchased WellBiz this week for undisclosed terms, and will pump in growth capital.
July 2, 2015, 9:48 am

Diversified Gains new Wings, Backed by Citizens

Diversified Restaurant Holdings is the new owner of 18 Buffalo Wild Wings restaurants in St. Louis and becomes the largest BWW franchisee, backed by $155 million in financing from Citizens Bank.
July 2, 2015, 9:42 am

Two Sides to Franchising Cannabis: Part 1

Twenty-three U.S. states allow some form of legal marijuana use, primarily for medicinal purposes, while four states and Washington, D.C. have legalized its use for recreational purposes. With this growing cohort of states, the legitimacy of the cannabis industry is also rising as entrepreneurs examine how franchising can help them grow this still-untamed industry.
July 1, 2015, 3:12 pm

Traffic Softens, RPI Stays Positive as Restaurants Remain Hot

Same-store sales and customer traffic levels softened in May, but the National Restaurant Association's Restaurant Performance Index (RPI) remains very positive.
June 30, 2015, 4:29 pm

'Destroyed' by CrossFit, Massage Heights Co-Founder Heads to Games

There are some who hit the gym a time or two each week, unless happy hours, dinners out and summer barbecues get in the way. Then there’s Wayne Evans. The co-founder of Massage Heights, Evans is hooked on CrossFit, and is set to compete in the Reebok CrossFit games next month.
June 25, 2015, 3:16 pm

Non-traditional is the New Black, Maybe

Some journalists call out trends far too prematurely, but two recent interviews have me wondering if non-traditional restaurant locations (stadiums, airports, universities, etc...) are a new trend heating up the franchise world.
June 25, 2015, 2:59 pm

Centre Lane Plans Investment to Grow Saladworks

Saladworks has a new owner, Centre Lane Partners, which invested in the fresh-tossed salad restaurant chain that filed for Chapter 11 bankruptcy reorganization in February. Centre Lane plans to invest “substantial capital” to accelerate the company’s growth nationwide,
June 25, 2015, 2:37 pm

Uncle Maddio’s Pizza snags private equity infusion

On the heels of the recent BDO report cementing the strength of the fast-casual and pizza segments comes news that Atlanta-based Uncle Maddio’s Pizza Joint received a new minority investment from S&S Group, LLC, a private equity firm out of Washington, D.C. that also invested in Five Guys.
June 25, 2015, 9:28 am
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