Pet Wants has landed a new investor and partner, the Franchise Funding Group, to help the Cincinnati-based pet food company develop a national franchise system.
Frisch’s Restaurants is the first acquisition for NRD Partners, the Atlanta-based private equity fund launched last August by CEO Aziz Hashim. It’s the first private equity owner in Frisch’s history. NRD is buying all outstanding shares for $34 per share, a 21 percent premium compared to the closing price May 21, or about $175 million total.
At age 65, former nursing home executive Jack Halpern has seen the horrors of America’s elder care structure up close and personal. After becoming motivated to leave the system and dedicate his career to changing the status quo, he and his wife, Claudine, are working to launch 100 locations of My Elder Advocate.
U.S. Secretary of Commerce Penny Pritzker presented Edwards Global Services with the President’s “E” Star Award for Export Service at a ceremony in Washington, D.C. earlier this month.
From the “things we wish we didn’t know” file comes a new study from Waxing the City: While most young waxers start off smoothing their lower regions and chests, later in life “they are compelled to head north to groom more visible features.”
Home Franchise Concepts, parent company of Budget Blinds among others, achieved its goal of giving $1 million in discounts to U.S. military veterans through its Million Dollar Franchise program.
McDonald's held its annual meeting today, but all the fun was getting there. State and local police cars with flashing lights lined streets leading into McDonald's Oak Brook, Illinois, campus. Despite the media ban, I managed to get inside, thanks to a handful of McDonald's shares I'd purchased in the 1980s.
Roark Capital Group and the International Franchise Association’s Educational Foundation are seeking nominations of franchisors, franchisees and suppliers who are making a difference in their communities. Winners in five categories—“We reserve the right to have more to recognize (than just first place),” Roark Managing Director Steve Romaniello says—will be feted at IFA’s annual meeting in September.
Talking about the future of franchising and CRM with Christopher Fountain, the new CEO of FranConnect.
If Waco was a person rather than a city, nobody would be able to say they “didn’t see it coming” after the news of a motorcycle gang shootout at the Twin Peaks sports bar over the weekend.
“If data privacy and security is not keeping you up at night—it should,” said Leonard MacPhee, a partner at Perkins Coie and moderator of a panel on the topic at the International Franchise Association Legal Symposium in Chicago last week.
Long-time Franchise Times columnist Philip Zeidman, a partner at DLA Piper in Washington, D.C., will receive a 2015 award for legal writing from the Burton Awards for Legal Achievement.
After 16 years with the company, Rui Barros is the new president and managing director of North America franchise operations for Parsippany-Troy Hills, New Jersey-based Wyndham Hotel Group, the world’s largest based on the number of hotels.
On the day of its IPO, Bojangles CEO Clifton Rutledge says the fast-casual segment remains hot due to elevated consumer tastes.
Attorneys channeled their inner Jack McCoy or Alicia Florrick, lead characters on the hit TV shows “Law & Order” and “The Good Wife,” respectively, in a presentation about terminations at the International Franchise Association’s Legal Symposium, in Chicago May 3-5.
“To me it’s all about fairness,” said Catherine Monson, CEO of FASTSIGNS, when it comes to the franchise agreement she asks franchisees to sign. She and two others spoke on a panel about franchisor/franchisee collaboration at the International Franchise Association’s Legal Symposium in Chicago, May 3-5.
Have you tried poutine yet? If not, you might get your chance soon, as the Quebecois-derived heart attack in a dish (fries, gravy and cheese curds) is on its way into the United States in a big way. Smoke’s Poutinerie, the “world’s largest and original poutinerie” is a Canadian franchise that has bold plans to open 800 locations in the United States and 1,300 locations worldwide within the next five years.
As Mother’s Day approaches, Another Broken Egg Cafe’s 51 locations are preparing for its busiest weekend of the year. Founder and CEO, Ron Green, estimates that his units will go through 580,000 eggs, with customer counts projected to exceed 900 people at each location before 2 o’clock.
When Debra Shwetz opened the first Nothing Bundt Cakes bakery in Las Vegas 17 years ago, one of her earliest customers was a wet blanket, she told the audience at the Franchise Finance & Growth Conference in Las Vegas last week.
It’s been a long road to good fortune for Allie Mallad, CEO of Massage Green International, who said his small size as a youngster was an advantage and told this story at the Franchise Finance & Growth Conference in Las Vegas last week.
With skyrocketing chicken and beef prices, California’s drought and Minnesota’s bird flu outbreak, restaurant watchers have also taken notice of this year’s historically unpredictable food prices.
After peaking at nearly 650 restaurants, and then shrinking drastically, the current owners of Roy Rogers are re-franchising the brand with a goal of doubling the number of locations within five years.
You’re not just hunting for capital, when looking for a new investor. You’re looking for a partner to build a bigger business. So said Greg Flynn, Flynn Restaurant Group, at a panel today featuring three winners of this year’s Franchise Times Dealmakers awards.
Communication is key when franchisors roll out changes that cost franchisees money, according to a panel exploring the topic, “What do franchisees want?” at the Franchise Finance & Growth Conference Tuesday morning in Las Vegas.
Years ago there was a debate in franchising centered on whether franchisees qualify as true entrepreneurs. After all, they were “just” following a game plan the franchisor dreamed up.
Roark Capital Group has acquired Driven Brands, a nationwide franchise automotive company, from Harvest Partners. Driven Brands’ CEO, Jonathan Fitzpatrick, will continue to lead the business, which will remain headquartered in Charlotte, N.C.
Fast-casual seafood chain, Captain D’s, in the middle of a reinvention centered around beachy restaurant redesigns, a retooled, healthier menu and increasing its share of franchised locations.
Legacy Concepts answered Dunkin’ Donuts call to re-introduce the coffee-and-donuts brand to the Twin Cities in Minnesota, a state it abandoned when it closed its last store in 2005.
After becoming the CEO of Jackson Hewitt at 31, Dan Tarantin is now the head of Chem-Dry and N-Hance international home service brands.
Brent Dowling, COO of franchisor consultant RainTree, counts three mistakes often made by emerging franchisors in their quest to grow, and he offers them in response to Franchise Times’ Living Large column, which is following young franchisors all year to see how they tackle various challenges.
Welcyon, the Edina, Minnesota-based chain of health clubs for people over 50, has a new design executives hope will appeal to choosy baby boomer clients with sophisticated tastes.
Three new franchise clients push the total to 11 for ApplePie Capital, the fledgling website connecting investors to franchise loans in a version of crowdfunding. They are Brain Balance Achievement Centers, Brightway Insurance and Capriotti’s Sandwich Shop.
GE said it would sell most of its GE Capital assets by 2018, in a move to refocus on its industrial businesses. GE Chairman and CEO Jeff Immelt said market conditions are favorable to pursue the sale of GE Capital assets not specifically tied to it industrial units. What does that mean for GE Capital, Franchise Finance, one of the largest lenders in the restaurant finance arena?
As Bojangles' looks to go public, most analysts expect another stock market pop in the mold of Shake Shack and other recent franchised restaurant brands.
David Kaiser, VP of Great American Cookies, on the appeal of the Middle East for American brands, and its major initiatives for 2015.
After Dairy Queen announced its plans to expand to Poland, giving the company its first European presence in more than 20 years, we decided to take a look at that country's economy.
Dan Stone on the highs, lows and enduring challenges of the fondue chain's international expansion.
Confirming the rise of concrete’s popularity in home décor, All American Decorative Concrete is the latest acquisition for Home Franchise Concepts based in Orange, California, also the parent company of Budget Blinds and Tailored Living.
The International Franchise Association will appeal a federal judge’s ruling last week in the Seattle minimum wage case, in which the court denied a petition to block a portion of the ordinance the IFA and five franchisee plaintiffs deem discriminatory. At least one outside attorney thinks the judge got it wrong.
In the age of technology, Fractured Prune CEO Dan Brinton has intentionally kept things simple in a fast-growing restaurant chain that allows customers to customize their own doughnuts.
After discovering Kono Pizza on an Italian vacation, serial entrepreneurs David Ragosa and Carlo Ruggiero immediately got to work bringing the QSR concept to the United States.
Window Genie is banking on a new partnership with 3M to boost sales of residential window film, an arrangement that will begin in April.
A federal judge this week denied the attempt by five franchisee plaintiffs and the International Franchise Association to block portions of Seattle’s minimum wage law, scheduled to become effective April 1. The issue isn’t the wage itself, which will increase to $15 an hour, but rather that it treats franchisees as large employers rather than small because they are part of a large franchise system.
Although several economic indicators have softened, fundamentals remain on course for a growth spurt as summer approaches.
Dan Schneider saw an opportunity to help companies reduce costs during the recession. Now his company, SIB, is in 20,000 locations throughout the United States.
Talk about adding insult to injury: A federal judge last week denied Larkin Hoffman’s motion to withdraw as counsel for its franchisor client, Maid-Rite Corp., even though the firm says Maid-Rite has not paid its legal fees.
Wendy’s needs to provide more data about return on investment from the franchisor’s remodeling mandates, says Curt Staab, president of the Old Fashioned Franchise Association, the “one and only” independent association for Wendy’s franchisees.
Experimac is the latest brand from United Franchise Group is a retail sales and service outfit specializing on repairing, upgrading and selling pre-owned electronics.
Guidant has entered into a partnership with MultiFunding, a loan advisory that helps existing small businesses access capital through SBA loans, peer-to-peer lending, merchant capital and more.
The news keeps coming for RadioShack, none of it good since the retailer filed for Chapter 11 bankruptcy protection February 5. Now, a group of franchisees has formed a committee to try to exert some control over the court process and influence what might happen to their stores.