After joining Franchise Times in December, this year’s Restaurant Finance Development Conference will be my first look at our very impressive event designed to help national restaurateurs grow their businesses.
What's up with young people in foodservice and their beards? Turns out the question is on the minds of restaurant owners/operators these days, illuminating the latest generation gap between millennials and their elders.
Like Peak Oil (then again, gas sure is cheap), Peak Burrito means that society’s appetite for burritos is matching the current number of companies building new burrito-centric restaurants. These sour cream and guac-dipped good times cannot go on forever, can they?
We hear a lot about U.S. companies going to Canada as their first international destination, but not as much about Canadian companies crossing the border to set up development schedules in the U.S.
Arooga’s signed a big development deal this week that—if completed—will double the size of its footprint, adding 50 restaurants over eight years in Florida and five counties in the greater Atlanta area.
A new STEM curriculum (science, technology, engineering and math) is a hit for Sylvan Learning, and attendees at its conference starting Sept. 1 will get a chance to ask questions about the latest offerings.
Creepy as he may look—seriously, that outfit—nobody's accusing Ronald McDonald of sexual indiscretion. Let the ugly Jared Fogle situation be a cautionary tale for brands to avoid putting their eggs in one basket and steer clear of making a singular, fallible person the face of the brand.
Plenty of restaurant operators gripe about young workers. Then there’s Tamra Kennedy, who owns nine Taco John’s restaurants in Minnesota and Iowa. She views her role as an employer as a calling, and shared her refreshing philosophy at the Faegre Baker Daniels Franchise Summit in Minneapolis last week.
If you think the world’s spinning faster these days, here’s the best proof we’ve seen, courtesy of Gerry O’Brion, founder of What Big Brands Know in Denver. At the Faegre Baker Daniels Franchise Summit, he showed two videos and asked the audience if they could spot any differences.
Andy Wiederhorn has been the CEO of Beverly Hills, CA-based Fatburger since 2006. Watching the debate on higher minimum wages, he has a dire warning for franchisors, operators and customers.
As a franchise reporter, many interesting story ideas cross my desk in a given day. A Croatian burger-and-fries concept claiming to have created healthier fries with plans to expand throughout the world is certainly a recent notable.
Many people rag on millennials for our various proclivities and preferences, but you can’t bemoan a generation that wants to avoid becoming a voiceless cog in an uncaring machine.
Carl’s Jr. and Hardee’s are trading babes in their ads for the “femininely badxxx” body of Ronda Rousey, the Ultimate Fighting Championship star who won an epic title fight last weekend in 34 seconds.
Calling all prospective franchisees: Misty Young, operator of the Squeeze In restaurant chain in California who is also executing a massive development agreement for Rita’s Italian Ice, wants you to get out of ‘la-la’ land and get serious about analyzing your business prospects.
The current wrangling over U.S. Small Business Administration loans may seem abstract, but the plight of Amanda Purser, an SBA loan closer for Yadkin Bank in Charlotte, North Carolina, shows the real toll.
It’s not easy gathering financing when you’re young and on the move, but social mobility is what franchising is all about and we all need to encourage that.
There are plenty of well publicized threats to franchising, including rising minimum wages in several states and cities, but unique fundamentals have the United States poised to continue its role as the globe’s healthiest economy and the destination for international investment.
A bill designed to “bring about transparency” in the Small Business Administration loan process would require first-year revenue estimates in the documents franchisors must give franchisees, according to sponsor U.S. Rep. Keith Ellison, (D-Minn.) It was one of two bills introduced yesterday, both of which were blasted by the International Franchise Association.
As recent articles claim, Asian food is now the world’s fastest growing category. With QSR players taking notice, namely Chipotle’s fledgling ShopHouse chain, it’s no stretch to predict that noodles are set to become a larger player in the American quick-service game.
They say imitation is the sincerest form of flattery. But to the International Franchise Association, New York’s new minimum wage mandate—a copy of Seattle’s—is nothing but a second example of discrimination.
When the average person thinks of exports, franchising isn’t the vehicle that first comes to mind. But thanks to the interest of some hard-working, out-of-the-box thinkers at the U.S. Commercial Service, franchising is becoming a popular way to increase exports, as can be witnessed in the proliferation of franchise trade missions in the last few years.
When looking for the ideal location for your business, you can't let perfect become the enemy of the good.
Only four years after applying for Chapter 11 bankruptcy in 2011, Giordano’s Pizzeria is headed toward accelerated growth, as a result of a combination of new management and old recipes.
There are two pathways for U.S. Commercial Service officers —domestic and overseas. But sometimes that pathway merges as it did recently when Ryan Kanne, director of the Minneapolis U.S. Export Assistance Center was called upon do take up temporary duty in Bogota, Colombia.
Another day, another new fast-casual pizza chain to cover, or so it seems to this blogger. But SpinFire of Arlington, Virginia, believes it has two secret weapons in its co-founders: No. 88 for the Washington Redskins, wide receiver Pierre Garcon; and the founder of Paisano’s Pizza, Fouad Qreitem.
It’s Taco John’s second year to test limited-time-offer tacos from April to August, and this year is a bigger hit than last, said CEO Jeff Linville. The trick now will be to resist the clamor to make the LTOs permanent.
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.
I’m working on a few future stories with an international focus, underscoring how important immigrants are to the franchise world. On the restaurant side, immigrants are a source of new ideas to broaden the American palate. One example that I’m anxious to try was The Halal Guys, on display at the International Franchise Expo in New York City last month.
I previously wrote about the collective shock over the shootout at the Twin Peaks sports bar in Waco, Texas. Turning my fascination into action, I’ve since interviewed several crisis managers, franchisor lawyers and the Twin Peaks CEO and its own crisis manager to discuss what franchisors should do to prepare for the unexpected.
Amit Kleinberger started franchising frozen-yogurt chain Menchie’s in 2008, even though everybody else was doing it, too. Now he’s trying his hand at a newly popular category: artisan pizza, made to order, but he believes his new brand MidiCi will not be an also-ran.
Michael Ansley, CEO of Diversified Restaurant Holdings, just completed a purchase of 18 Buffalo Wild Wings restaurants, in St. Louis, to add to his portfolio of 42. He prefers to control a market when making acquisitions, he told this blogger, and wants to find stores that are under-performing on the top line, the bottom line, or both.
Jeremy Carr is the CEO of BlazeNow and owner of Exhale Med Center in West Hollywood, Calif., one of the leading dispensaries in the LA metro. Carr told me it’s the highest rated shop in the area, and those Google reviews show the level of enthusiasm for this outlet and the category as a whole.
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.
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.
Same-store sales and customer traffic levels softened in May, but the National Restaurant Association's Restaurant Performance Index (RPI) remains very positive.
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.
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.
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,
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.
Kneaders Bakery and Café has embodied the “stick to what you know” philosophy throughout its rapid yet methodical expansion. Now a 35-unit franchise, Gary and Colleen Worthington opened the first Kneaders in 1997. Their son, James Worthington, has progressed from dishwasher to CEO. Worthington promptly learned that – even for him - it would be the Kneaders way or the highway.
Last week’s International Franchise Expo marked the six-month mark for my career in the franchise world. It feels good knowing my new-guy smell is starting to wear off, and I now have relationships with excellent people in all corners of the franchise world. To quote Jim Morrison, “This is the best part of the trip.”
Here’s another take on the problem of defining a “small” business, for the purpose of obtaining a U.S. Small Business Administration loan—a problem detailed in this blogger’s column in the June/July issue of Franchise Times. It's from Jeffery Haff, Dady & Gardner.
CEO Mike Bidwell said Dwyer Group would ramp up acquisitions after last year’s purchase of the franchisor by The Riverside Co. Looks like he meant it: Waco, Texas-based Dwyer bought Service Brands International this week, a multi-concept system that includes Molly Maid, Mr. Handyman and ProTect Painters.
It’s no shock to anybody following the recent restaurant buzz, but the fast-casual and pizza segments are outpacing the overall industry, according to accounting firm BDO’s Q1 2015 Restaurant Benchmarking update. Even better, protein prices appear to stabilize after significant increases in recent months.
Atlanta-based Roark Capital Group continued its buying spree today with the acquisition of 1-800 Radiator, the largest franchised automotive parts distributor in North America. The purchase was through Roark’s Driven brands portfolio, which it added to its stable this past April.
Food couldn’t be much hotter these days, especially up-and-coming brands that are expanding nationally and going public to great fanfare. Today’s latest foodie IPO is Dallas-based Wingstop, which is on track to raise no less than $110.2 million on its first day on Wall Street.
If it appears the franchise trade mission calendar is stacked in favor of the fourth quarter or thereabout, it is. The Southern China mission is August 21-28, Central America is September 20-25 and the Nordic countries will be visited October 18-24.
As the popularity of pizza chains continues to rise, Austin, Texas-based Gatti’s Pizza has been acquired by Sovrano, LLC, out of Fort Worth, Texas—one of several franchised restaurant brands to attract private equity investment in recent years.
Michael Jon Givens, a longtime multi-unit Wendy’s franchisee in the Twin Cities area, died in April of cancer at 58. In his online obituary, Givens, whose company FourCrown won several honors from the Wendy’s system, including Best Franchise Group in 2003, and induction into the Wendy’s Hall of Fame in 2006, was described as an intentionally quiet man, “because he never wanted anything to be about him.”
Blaming the weather for disappointing quarterly results can be a red herring in some cases, but El Niño may soon start having a serious impact.