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Subway Defends $4.99 Footlong as ‘Best Short-Term Option’

The franchisor-franchisee relationship can be a contentious one, that’s not news to anyone, but the Subway system is particularly prickly right now.
December 15, 2017, 11:49 am

A&W Launches Expanded Franchising Push

After previewing its strategy in a recent Franchise Times cover story, A&W Restaurants announced an expanded, multi-faceted franchising strategy that builds on its success since being acquired from YUM! brands. The centerpiece of the campaign is an all-new franchise information website.
December 14, 2017, 1:18 pm

Last Call for Dealmakers Entrants as Past Winner Strikes Again

Elie Khoury, one of FT’s Dealmakers of the Year award winners in 2017, is back at it with an acquisition of 18 Taco Bell corporate restaurants in New Orleans and other southern Louisiana cities. The news provides the perfect reason to point out that nominations for this year’s project are due by year end and can be made via the Dealmakers button on the home page.
December 14, 2017, 10:26 am

For Jersey Mike’s Manager-Turned-Owner, a Terrific Day

Yesterday, Kyanna Isaacson, age 26, opened her first Jersey Mike’s store as a majority owner, a shop she was awarded by the chain’s founder last year, right after she was named manager of the year at the chain’s annual conference. Judging by the smile on her face in the photo, she’s excited. “There’s really no words that I can explain everything,” said Isaacson when reached the day before her store opening, in Valencia, California.
December 14, 2017, 9:52 am

Ray Titus, UFG Launch Titus Center for Franchising

Seeded by a $1.5 million gift to Palm Beach Atlantic University, United Franchise Group founder and CEO Ray Titus has helped form the Titus Center for Franchising that will teach franchise-specific coursework to college students interested in pursuing a career in the franchise industry.
December 14, 2017, 9:33 am

Casual Dining in the Age of Fast Casual

John Nicolopoulos from RSM sat down with Tom Kaiser to discuss whether the restaurant industry has moved too far into fast casual when research shows many consumers wanting an experience on the side.
December 11, 2017, 7:59 am

Melt Shop Seeks ‘Zees Like Five Guys’ for Operators

Josh Morgan is operating partner at Aurify, parent company of the Melt Shop that has just begun franchising. Melt Shop has eight corporate locations and about six years of perfecting the brand before the rollout, not to mention lines down the street at its flagship location in Manhattan. Morgan described the brand’s ideal franchisee—“hard-core operators” like those in the Five Guys concept—in an interview with FT’s Beth Ewen at the Restaurant Finance & Development Conference. He should know, as Aurify is also a franchisee of Five Guys.
December 7, 2017, 4:25 pm

New Design Yields 30% Sales Bump for Huddle House​

Michael Abt, CEO of Huddle House, concedes the family and casual dining segment is a tough one lately, but his brand has found its niche. “We’ve got a 54-year history of going into small towns. 74 percent of our restaurants are in counties with 45,000 population or less,” he told Franchise Times Editor-in-Chief Beth Ewen, in an interview at the Restaurant Finance & Development Conference. The Evolution design is yielding a 30 percent bump in average unit volumes, too, which helps him make the case.
December 7, 2017, 4:24 pm

It’s the Biscuits, Behind Bojangles’ Latest Deals

Randy Icard heads up development for Bojangles, and he’s signed a number of franchise agreements in the Southeast recently. “We’ve got a lot of traction and a lot of movement right now in the state of Florida,” he said. All-day breakfast—and the homemade biscuits, especially— is a huge attraction, and their restaurants do 38 percent of their business by 11 in the morning. “We’ve made biscuits from scratch every 20 minutes from day one,” Icard told Beth Ewen of Franchise Times, at the Restaurant Finance & Development Conference.
December 7, 2017, 4:22 pm

FASB Clarifies Confusing Revenue Recognition Language

The Financial Accounting Standards Board (FASB), which sets U.S. GAAP standards, has clarified key language around its new revenue-recognition guidelines.
December 4, 2017, 11:06 am

Entire Nation Grateful for Applebee’s $1 Long Islands

Could there be anything more soothing and perfectly timed than the current Applebee’s special offering $1 Long Island Iced Teas? The answer is no, and judging from my social feeds, this is one of the most effective and widely shared LTOs in recent memory. We all owe Applebee’s our deepest gratitude in this difficult time.
December 1, 2017, 9:48 am

Beverage Innovation Next Up at PizzaRev, Backed by Cleveland Ave

Ed Yancey considers Cleveland Avenue, a private equity firm created by former CEO of McDonald’s Don Thompson in Chicago, as an incubator for innovative restaurant concepts. Cleveland Avenue invested earlier this year in PizzaRev, a 40-plus-unit pizza chain in Los Angeles. “It’s a great concept, and we have the capability to expand its growth,” said Yancey, who sat down with Franchise Times Editor-in-Chief Beth Ewen at the Restaurant Finance & Development Conference in early November.
November 30, 2017, 4:03 pm
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MirageFranchise Times Finance & Growth Conference
May 7-9, 2018​​
Mirage, Las Vegas

Franchising's premier investment event brings together lenders, investors, franchisors and multi-unit franchisees.

 

Cosmopolitan HotelRestaurant Finance & Development Conference
November 12-14, 2018
Wynn/Encore Las Vegas
Find financing and make deals at the best networking event in the restaurant industry.
 

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