The Small Business Administration temporarily tweaked its new procedures governing lending to franchisees, to the relief of many franchisors and bankers who maintained the new rules would chill franchise lending.
Just one day before his long-awaited confirmation hearing for secretary of labor, Andrew Puzder became the lone cabinet nominee to date to not get the nod, a blow to his many supporters in the franchising community who hoped the CEO of CKE Restaurants would set the department on a pro-business track. But at least one workers' group cheered.
I’m all about encouraging diversity in franchising, and was pleased to see some new statistics on women in franchising from Franchise Business Review. On the whole, FBR’s numbers point to a clear majority enjoying operating the business, while barely more than half feel their work/life is balanced.
At Edible Arrangements, Valentine’s Day is the single biggest day of the year.
With fond memories of A&W root beer floats with my parents and brother when I was a kid, I’m happy to hear the news that the brand is back on the gas five years after its sale by Yum. For the first time in more than 10 years, A&W is reporting systemwide revenue and store count growth, as it kicks off a new franchise sales initiative.
Noodles & Company, the fast casual concept struggling with declining sales for better parts of the last year, has announced plans to close approximately 55 “underperforming” restaurants in the coming months.
Things have changed since most of us received our driver education training during our teenage years. What used to be within the purview of brave school teachers has now been passed off to the private sector as many school systems have cut funding for in-school driver’s ed courses. As this trend spread throughout the United States, Washington-based 911 Driving School has profited and expanded to fill the void.
One of the best decisions Marc Mushkin made in his lengthy career in international franchising is not putting the 'Do Not Disturb' sign on his hotel door in Kolkata (formerly Calcutta).
Just weeks after my Franchise Times cover story on Domino's, the Ann Arbor, Michigan-based pizza giant has outdone itself with a pizza wedding registry. Seriously.
It was another terrific year for seafood franchising giant Captain D’s, as the company obtained a record-high systemwide AUV in 2016. It saw fourth quarter system wide sales increase 1.3 percent, along with a 2.3 percent systemwide same-store sales increase over the year. This marks six consecutive years of sales growth for the Nashville-based company.
Two days into my third trip to the IFA annual convention in Las Vegas, I’ve once again seen the remarkable diversity representative of the amazing, global shifts underway in franchising. And I’m not just saying that because it was part of my presentation on the first day.
Restaurants are said to be a pennies business, so it was only fitting that when the Ray Kroc character in the film, 'The Founder,' meets his future wife, Joan, playing the organ at a fine-dining restaurant in St. Paul, he joins the attractive blonde at the keyboard to lustfully sing 'Pennies From Heaven.'
Franchise operators spend a lot of time worrying about overtime, but the real villain in their businesses is undertime—the amount of money employers pay for disengaged workers who are present only physically. That’s advice from the kilt-wearing Dave Mortensen and Chuck Runyon, co-founders of Anytime Fitness, who gave a lively keynote address today at the IFA's annual convention.
“It took 50 years to create this misperception about franchising. It will not be undone in 50 weeks,” declared Aziz Hashim, chair of the International Franchise Association board of directors, in the opening general session of its annual convention in Las Vegas yesterday.
Last week, Restaurant Brands International (NYSE: QSR) announced its brand, Tim Hortons, would expand into Mexico. The company says it will form a master franchise joint venture with an unidentified group of investors.
How do top-performing operators select the franchise brands that are right for them? We’re getting an earful on the topic, from multiple franchisees we’re featuring in our upcoming Franchise Times Zor Awards package, which will identify the best franchises to buy in each of 10 categories, to be published in March.
Neil Gill is the president and CEO of Phoenix-based Dogtopia, and is very enthusiastic about the business, but comes from Praise International, a subsidiary of Gloria Jeans Coffees where he helped turnaround and reenergize the brand in North America. He’s hoping to pull the same old tricks in the franchised dog space.
Franchise Times today announces winners of the 2017 Franchise Times Dealmakers awards, the fifth annual project recognizing the boldest players driving mergers and acquisitions in franchising.
Dallas-based Wingstop has opened location No. 1,000, a major milestone for a brand defined by its simplicity.
Arby’s CEO Paul Brown announced record systemwide sales of more than $3.6 billion, a 25% increase in AUVs and 3.8% same-store sales growth—more than double the growth rate of the QSR category. Those numbers represent 25 consecutive quarters of of same-store sales growth and 11 consecutive quarters of transaction growth for the Atlanta-based brand.