In this age of exploding phones and shattered screens, a massive amount of investment is flowing into smartphone and electronic device repair to compensate for the ever-destructive human influence. No matter how amazing or expensive the latest devices may be, they’re still no match for a toddler’s slippery grasp, a dog’s wagging tail or the swirling waters of a toilet.
But Frank Czar doesn’t leave everything to good fortune. The owner of eight Unishippers territories said he plans for the worst, especially big hits to cash flow.
Xavier Artisan is targeting the United States as its next big step for growth. The Montreal-based franchise has a menu that includes sandwiches, coffee, soups and ice cream made artisan style with natural ingredients. It hopes to be a hit with Americans shifting away from common fast food. “We see an enormous need in the repetitive meal and QSR marketplace for a truly fresh and healthy dining option,” says Steven Elefant, chief development officer at Xavier Artisan’s parent company.
Mass transit is in the fast lane these days when it comes to expanding routes and boosting ridership, and food and beverage concepts are looking to get a foot in the door in those new high-traffic locations.
Getting a prospective franchisee to crack open the 401(k) or mortgage their home takes more than a cold call—it takes an emotional connection and cultivating the hopes and dreams of business ownership. In short, it’s not an easy sell.
Tropical Smoothie Cafe was launched in Tallahassee, Florida, in 1997, and grew to 310 franchises before being purchased in 2012 by BIP Opportunities Fund, an Atlanta investment firm. The total investment for a Tropical Smoothie Cafe is $210,550 to $478,550.
The importance of having a mobile app is not lost on franchise execs, but there is always a grey area of what exactly a company should look for in results. With a new collection of data from Sense360, there’s a little more clarity on what kind of results franchisors should expect from a mobile app project.
Saffron (subdued orange), which represents courage, sacrifice and the spirit of renunciation, is the color of the top horizontal band. White signifies purity and truth; green stands for faith and fertility. The blue chakra (24-spoked wheel) symbolizes the wheel of life in movement and death in stagnation.
Navigating the legal maze is not easy but necessary and can reveal important details about the business. Our three Living Large franchisors share their experiences.
Fifteen years ago this column called the reader’s attention to the myth that the world beyond the United States “is an oasis free of lawyers and litigation.” Focusing on Canada, the column summarized a “raft of franchise legal disputes in recent days,” sounding an alarm for franchisors. Only a year later, in August 2003, the column found ample validation for that prediction.
Each and every year, 45 percent of Americans make New Year’s resolutions, and more commonly than not, by February, they’re broken and long forgotten.
To the uninitiated, Pilates equipment plausibly looks like tools of torture. Yet growing numbers of Americans pay professionally trained instructors to help contort themselves on these strange devices.
When I was in college, my roommate and I ate every meal at the food hall, except on the occasional Friday night when yes, you guessed it, we splurged on Domino’s.
KeyBanc Capital Markets appointed Alex Jacobs as head of the Food & Beverage Group. Wienerschnitzel promoted J.R. Galardi, son of the chain’s late founder, to the role of executive vice president.
At the 2017 ICR Exchange conferece, where public and private brands across restaurants and retail come together to share news with investors, there was an upbeat outlook for the year despite some ongoing difficult conditions.
I rarely go back and reread what I’ve written once it’s published. I used to think it was a lifesaving technique, because when I found a misspelled word or a particularly awkward sentence I wanted to slit my wrists. Or because I didn’t want to relive the embarrassment that a point I thought was so funny at the time, completely missed the mark.
A long-standing relationship with Larry Wilson, founder of CoreLife Eatery, convinced Stevensville, Michigan-based operator Joyce Lunsford to sign on as the healthy restaurant brand’s first franchisee—that and a taste of beet lemonade, something Lunsford thought she’d hate.
If you think your holiday gatherings with family can be fraught, consider John and Janet Mok, Amazing Lash Studio franchisees in New Jersey who have convinced all four of John’s siblings to buy into the franchise, as well. “We’re either heroes or goats, right?” says John with a laugh.
Red Roof® has opened its 500th Inn in Biloxi, MS and 50th PLUS+ location in Irondale, Alabama. To celebrate the milestone, Red Roof is rewarding existing and new members of their RediCard loyalty program with 500 RediCard bonus points no matter where they are headed from January 15, to February 28, 2017.
Hyatt Hotels Corporation announced that Hyatt has acquired Miraval Group, from an affiliate of KSL Capital Partners, LLC.
Jackson Hewitt Tax Service recently named Alan D. Ferber its chief executive officer. Ferber joins the tax brand from ADT Residential, the No.1 home security brand in North America, where he served as president. Before ADT Residential, he was chief operating officer and chief marketing officer of US Cellular.
Captain D’s LLC announced today that Bob Kraut has joined its executive team as chief marketing officer. Kraut will be responsible for leading, developing and executing the company’s marketing strategies to further increase brand awareness and continue the brand’s strong sales growth.
Papa Murphy’s Holdings, Inc. (NASDAQ:FRSH) announced that it has expanded the scope of its relationship with Franchise Performance Group, a strategic franchise recruiting advisory firm, to include the refranchising of company-owned stores in select markets.
Lois Margolet, founder of Las Vegas-based Capriotti’s Hand Crafted Sandwiches, passed away on Thursday following a battle with lung cancer. She was 68.
FASTSIGNS International, Inc., franchisor of FASTSIGNS®, announced that it has signed 63 franchise agreements in 2016 with new and existing franchisees in the U.S., Canada and U.K. In the third quarter alone, the brand inked 22 new agreements, including 13 locations in western and midwestern states, such as California, Florida, Texas, Kansas, New Mexico and Washington.
“Just like in football, coaches move, so you can’t pick a franchise just for the people, the leadership; you pick it for the model,” said Bradie James, speaking during Franchise Expo South in Dallas. James, a multi-unit franchisee of Mooyah Burgers, Fries and Shakes, is also the company’s director of brand engagement.
Yesterday Yum China announced the grand opening of a new Taco Bell in Shanghai, the chain’s first location in China after a decade-long absence. With a potential customer base of 1.3 billion, Yum Brands and Taco Bell seem excited about the likelihood of a big expansion in China.
Famous Toastery opted not to put too many guardrails on a holiday social media campaign, instead having a little fun with a hypnotizing pancake artist.
Antonio Swad, founder of Dallas-based Pizza Patron and Wingstop, is on to a new venture after selling this week Pizza Patron to the brand's largest franchisee, Charles Loflin of San Antonio.
The headlines this week were negative for Andy Puzder, Trump’s choice for secretary of labor and CEO of CKE Restaurants—so much so that the International Franchise Association commissioned a survey of Carl’s Jr. and Hardee’s employees to counteract a damning one released Tuesday by Puzder foes.
Yum China Holdings, Inc., and Taco Bell Corp., the world's largest Mexican-inspired restaurant chain, today announced that they have opened the first Taco Bell restaurant in the second largest economy in the world: China.
FirstService Corporation today announced that its Paul Davis Restoration business has further expanded its company-owned operations through the acquisition of Paul Davis National, a specialized commercial and large loss operation within PDR
As speculation mounts about how long Drew Brees will continue as quarterback for the New Orleans Saints, it’s becoming clearer that one of the most famous and talented players in the NFL has teed himself up to be a major player in the franchise world for many seasons to come. Adding to his growing empire of Jimmy John’s and Walk-On’s restaurants, he is set to build 69 new Dunkin’ Donuts restaurants in Louisiana.
Real estate in India is like football in the U.S., says Ramnik Chopra, managing director and lead investor in Coldwell Banker India. He’s not saying it’s a game, only that homeowners are fanatical scorekeepers. “Everyone wants to know the price of their property” and every weekend they’re checking the newspapers for the stats, he says.
As the numbers begin trickling in after the cash registers cool down from the holidays, initial reports suggest it was a good Christmas for U.S. retailers in general, with First Data reporting a 4.7 percent year-over-year increase in retail sales during the season as part of its SpendTrend Holiday Season numbers.
Johnny Rockets recently celebrated its 30th anniversary by announcing the opening of a new restaurant in its 30th country.
Del Taco Restaurants, Inc. Announces Preliminary Unaudited Fiscal Fourth Quarter and Fiscal Year 2016 Sales Results
Del Taco Restaurants, Inc. (“Del Taco” or the “Company”), (NASDAQ:TACO), the second largest Mexican-American QSR chain by units in the United States, operating restaurants under the name Del Taco, today announced preliminary unaudited fiscal fourth quarter and fiscal year 2016 sales results ahead of its presentation tomorrow morning at the ICR Conference.
Kevin Hein spent 20 years in traditional law firms, most recently at Faegre Baker Daniels in Denver specializing in franchise law, but he’s now joined with an upstart firm called Alexius that provides defined legal services for a fixed fee rather than all-encompassing work for the almighty billable hour.
Amit Pamecha and Joe Bourdow have seen it all in franchising, mistakes and triumphs alike, and have now joined with two other partners to form Premier Franchise Advisors. Their goal is to help franchises and private equity firms avoid the former and achieve the latter. FT asked them to share lessons learned.
(GLOBE NEWSWIRE) -- Papa Murphy's Holdings, Inc. (NASDAQ:FRSH) announced that, effective immediately, chair of the board, Jean Birch, has been appointed interim chief executive officer.
That sassy red-head Wendy has been showing her frosty side on social media, as the legacy hamburger chain’s Twitter account has become the subject of mass media articles in recent days.
Bryan Weinstein is the founder and CEO of Bar-B-Clean, a California-based grill cleaning business whose franchisees encounter more gross stuff than I could find in the darkest recesses of the Franchise Times company refrigerator.
Valvoline Inc. today announced that its subsidiary, Valvoline LLC, has signed a definitive agreement to acquire the business assets related to 28 quick-lube stores from Time-It Lube L.L.C. and Time-It Lube of Texas, LP (together, “Time-It Lube”).
Athletic Republic announced today that sports performance training executive Peter Barbaresi has joined Athletic Republic as an advisor. Barbaresi, who served as the CEO of Velocity Sports Performance since 2009, left his post this past summer to serve as CEO of Yoga Six, a growing yoga studio chain business.
Dickey's Barbecue Pit announces the formation of Dickey's Capital Group and reorganization of leadership positions in order to more effectively meet the demands of rapid growth.
Choice Hotels International, Inc. announced today that Comfort Inn has joined Comfort Suites in offering guests 100-percent smoke-free rooms at its more than 1,800 franchised hotels across the United States and Canada.
Burger King and Tim Hortons are planning to use chicken with fewer antibiotics in the upcoming years. Restaurant Brands International, the parent company of Burger King and Tim Hortons, says it will be making the changes in antibiotics in its chicken supply due to public health concerns.
Bob Funk of Express Employment Professionals has been named as the 2017 Business Leader of the Year by the Association for Career and Technical Education (ACTE).
Wingstop Inc. today announced the appointment of seasoned public company director and former McDonald’s executive Lynn Crump-Caine to its board of directors.
As we move into 2017, it’s time for a little year in review. It’s been another strong year at Franchise Times, and the editorial content here was booming with features, special projects, and franchise news items.