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January 2018

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Covers everything from good news to bad judgment
Pet Wants Is Exception to Slow-to-100 Rule

Pet Wants Is Exception to Slow-to-100 Rule

My recent blog post pointing out how few franchises make it to 100 units in a year or two, as so many young franchises claim they will, drew many responses, including some who thought I was being too negative to point out the statistics from Franchise Grade. But the president of Pet Wants Franchise System, Scott Hoots, called the numbers “sobering” and added his brand “had the opposite problem.”

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HomeVestors Names Ugliest House of 2017

HomeVestors Names Ugliest House of 2017

We Americans love dramatic renovations, and HomeVestors—the brand behind We Buy Ugly Houses—has named The Ugliest House of the Year after Americans voted on five house makeovers completed by company’s independently owned and operated franchises.

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Resales Another Opportunity for New Franchise Owners

Resales Another Opportunity for New Franchise Owners

Buying an established franchise means everything is in place and you can hit the ground running with a mature business. But the same advantages can also be disadvantages, so due diligence is crucial say panelists at Franchise Expo South.

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Dear Subway, You Stink. Love, Freshii

Dear Subway, You Stink. Love, Freshii

A franchisee revolt at Subway over its $5 footlong promotion and declining sales has prompted Freshii to publish an open letter yesterday in the Chicago Tribune, offering a “sincere proposal,” as the letter said. One can only imagine Subway's response.

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Tony Roma's Opening First U.S. Franchise in Six Years

Tony Roma's Opening First U.S. Franchise in Six Years

After six years without any new U.S. locations, Tony Roma's is back on the gas with West Palm Beach Opening.

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From the Cutting Room Floor, More Fast & Serious

From the Cutting Room Floor, More Fast & Serious

We interviewed 40 C-level execs to put together our Fast & Serious package, which you can read in full in our January issue, but we gleaned a lot more that we weren’t able to include. So, here are three more thoughts on growing a franchise brand, sustainably.

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I Heart Mac & Cheese, and Short Ribs, and Crispy Chicken….

I Heart Mac & Cheese, and Short Ribs, and Crispy Chicken….

We’re suckers for good food photos, so our thanks goes to I Heart Mac & Cheese, a Boca Raton, Florida-based brand that just launched a national franchise program and has many beautiful photos plus a dauntingly long menu that seems destined to shrink—or whose name seems destined to expand.

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At Rachel’s Kitchen, a Shaq Sighting

At Rachel’s Kitchen, a Shaq Sighting

Retired NBA star and Hall of Fame center Shaquille O'Neal stopped in for breakfast at Rachel's Kitchen, a bistro franchise concept in Las Vegas.

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MOD Pizza Raises $33 Million in Equity Capital to Fuel Growth

MOD Pizza Raises $33 Million in Equity Capital to Fuel Growth

This latest funding round brings MOD Pizza's total equity capital raised to more than $185 million, financing the company said will help it bolster its presence in existing U.S. markets and in the United Kingdom.

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Patrick Doyle Out as Domino’s CEO

Patrick Doyle Out as Domino’s CEO

After eight years as Domino’s president and CEO, Patrick Doyle announced he is leaving the company on June 30 after several years of massive sales growth that brought the Michigan-based global pizza giant over the $10 billion mark in annual revenue.

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Pizza Hut Developing Fully Autonomous Delivery Vehicles With Toyota

Pizza Hut Developing Fully Autonomous Delivery Vehicles With Toyota

Pizza Hut delivered a surprise at this year’s International Consumer Electronics Show with the announcement that the pizza giant has partnered with Toyota on the development of fully autonomous delivery vehicles with Toyota.

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From the Bomb Cyclone's Eye, a Warm Invitation

From the Bomb Cyclone's Eye, a Warm Invitation

As the rest of the country experiences the bomb cyclone, which we here in Minnesota simply call winter (sorry, rest of the country), we’d like to invite you up to the perfect event for a minus-11 day: The Pirtek Snocross National, scheduled for today and tomorrow at Canterbury Park in Shakopee, a Minneapolis suburb.

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So You Say You’ll Have 100 Units in a Year or Two?

So You Say You’ll Have 100 Units in a Year or Two?

If I had a dollar for every young franchisor that says they’ll get to 100 units in a couple of years, I’d have a whole lot of dollars. In fact, I edit such predictions out of the stories we publish in Franchise Times because they almost never come true. A new report by FranchiseGrade backs me up.

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New Data Shows Troubling Trends for Pizza Hut

New Data Shows Troubling Trends for Pizza Hut

Changing consumer trends and increased competition are wreaking havoc in certain restaurant segments, and even though the pizza category remains hot, new consumer research shows Domino’s eating Pizza Hut’s lunch as the great pizza wars rage onward.

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Orangetheory ‘Zees: ‘We Don’t Feel Like Anyone Competes With Us’

Orangetheory ‘Zees: ‘We Don’t Feel Like Anyone Competes With Us’

Orangetheory Fitness tops this year’s Franchise Times Fast & Serious list, its 218 percent unit increase over the past three years evidence of CEO Dave Long’s smart growth strategies, one of which is a commitment to the area representative model.

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Code Ninjas Predicting Rapid Growth

Code Ninjas Predicting Rapid Growth

Code Ninjas, a new franchise dedicated to teaching kids software coding, announced a major milestone with 100 franchise agreements in development with 53 franchisees in 23 states. Noting that parents are “increasingly willing to pay for their children to learn while having fun,” the Texas-based children education brand is one of several brands seeing an uptick in interest in one of franchising’s hottest categories.

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Covers everything from good news to bad judgment

About This Blog

The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is staff writer at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Laura MichaelsLaura Michaels is managing editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
 twitter.com/mlarson1011.
 

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