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November 2017

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Covers everything from good news to bad judgment
Survey Answers Some Key Third-party Delivery Questions

Survey Answers Some Key Third-party Delivery Questions

How the various third-party delivery providers stack up is a big question in the restaurant space. According to a new cache of data from mystery shopping and survey firm SeeLevel HX, things are fairly even in an ever-changing segment of the industry.

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Strategic Buyers, Legacy Brands Looking Abroad

Strategic Buyers, Legacy Brands Looking Abroad

Sales are mediocre, traffic is down but some internationally minded restaurant groups are not worried. That’s because while there are challenges in the U.S. market, there is an incredible amount of opportunity abroad.

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Tony Roma’s CEO Talks Expansion at RFDC

Tony Roma’s CEO Talks Expansion at RFDC

Since its April 13 deal with GEM Hospitality to bring Tony Roma’s to West Palm Beach, Florida, the brand has added new franchisees in Tennessee, Colorado and Idaho, growth CEO Bradley Scher says is a direct result of the brand transformation undertaken in 2016 with a complete overhaul of the restaurant atmosphere, service platform and menu following extensive consumer research.

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CFO Role Is Not Like Yesterday’s, RFDC Panelists Say

CFO Role Is Not Like Yesterday’s, RFDC Panelists Say

Chief financial officers do much more today than pay the bills and make sure payroll goes out on time, said a panel of CFOs who opened the Restaurant Finance & Development Conference Monday in Las Vegas. “The role has become much more strategic over the last 10 years,” said Tony Laday, CFO of Fogo de Chao.

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Third-Party Delivery No Longer Optional

Third-Party Delivery No Longer Optional

Forget whatever you’re hearing about the tax bill, smaller-format locations or hot trends in M&A. There is one dominant trend in the restaurant world that everybody is paying attention to and it’s third-party delivery. This subject is everywhere on the agenda and in soda break conversations at the Restaurant Finance & Development Conference. It’s almost as inescapable of blue suits, which are clearly in the running for second place.

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What the Heck Is Securitization?

What the Heck Is Securitization?

Securitization has been a hot topic for other industries in the past. But now, some of the biggest franchised brands are turning to securitization to finance their companies.

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Bobby Flay Announces Franchise Plans for ‘Burger Palace’ Concept

Bobby Flay Announces Franchise Plans for ‘Burger Palace’ Concept

“I’m really just a burger guy, that’s what I want to eat,” says Bobby Flay, speaking this morning at the Restaurant Finance & Development Conference in Las Vegas. Cheeseburgers are what he craves after a long night in the kitchen and are at the core of Bobby’s Burger Palace, which is poised for rapid expansion following Flay’s announcement today that he’s going to start franchising and licensing the fast-casual concept.

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Founders Cite Highs, Lows of 3 Restaurant Brands

Founders Cite Highs, Lows of 3 Restaurant Brands

The founders of Walk-On's, Culver's and Toppers revealed some alternative names for their brands, on a panel today at the Restaurant Finance & Development Conference.

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Are Malls the New Four-Letter Word?

Are Malls the New Four-Letter Word?

During the second day of RFDC in Las Vegas, Stephen Polanski from Buxton spoke all about the changing world of shopping malls and what that means for the restaurant and retail brands that are heavily invested in malls or curious about which centers are worth expanding into in this era of changing consumer tastes.

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The Kids Are All Right, Toppers Founder Says

The Kids Are All Right, Toppers Founder Says

For any boomers or Gen X-ers who love to hate on the “kids today,” the founder of Toppers Pizza has a few words for you: knock it off. “I meet so many 20-year-olds in my business, and these people can do anything. They are special people,” Scott Gittrich told me in an interview today at the Restaurant Finance & Development Conference.

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Chicago Next as Wingstop Expands Delivery Test

Chicago Next as Wingstop Expands Delivery Test

Wingstop will continue its exclusive partnership with third-party delivery service DoorDash, said Charlie Morrison, CEO of the Dallas, Texas-based chicken wing franchise.

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House Passes Bill to Roll Back Joint-employer Ruling

House Passes Bill to Roll Back Joint-employer Ruling

The Save Local Business Act, sponsored by Rep. Bradley Byrne (R-Ala.), passed by a vote of 242-181. No Republicans opposed the bill, and they were joined by eight Democrats: Reps. Ami Bera, Lou Correa, Jim Costa, Henry Cuellar, Stephanie Murphy, Scott Peters, Colin Peterson, and Kurt Schrader.

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Regis Partners with Buxton on Consumer Analytics

Regis Partners with Buxton on Consumer Analytics

Regis Corporation, the franchisor behind Supercuts, Cost Cutters, Pro Cuts, Roosters and many others in the haircare industry, announced an industry-exclusive agreement with LSMx, a Buxton local store marketing application, to beef up its marketing for company and franchise salons.

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Shelly Sun Honored by Alma Mater

Shelly Sun Honored by Alma Mater

BrightStar Care CEO and Co-Founder Shelly Sun—arguably one of the nicest people in all of franchising—was recently named 2017 Entrepreneur of the Year by her alma mater, Haslam College of Business.

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Person in Mirror May Be Emerging Franchisor's Worst Enemy

Person in Mirror May Be Emerging Franchisor's Worst Enemy

Most speakers urge their audiences to turn off their phones and focus on the presentation, but not Philip Schram. “Take out your smartphone. Go on the photo app. Put it in selfie mode. Point the camera toward you,” he urged attendees at the IFA’s Emerging Franchisor Conference in Phoenix Tuesday morning.

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Harrowing Start for The Joint's CEO Led to Cultural Do-Over

Harrowing Start for The Joint's CEO Led to Cultural Do-Over

Suppose you join a franchise system as COO and within a handful of weeks everyone resigns, cash dwindles and franchisees complain. If you're Peter Holt of The Joint Corp., you view it as an opportunity to re-build the culture from the ground up, he told the crowd at the IFA's Emerging Franchisor Conference today in Phoenix.

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Key Restaurant Credits at Risk in Tax Plan

Key Restaurant Credits at Risk in Tax Plan

Tax reform is grinding along in D.C., and some key tax credits are at risk in a new plan.

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Huey Magoo’s Starts Spreading Its Wings

Huey Magoo’s Starts Spreading Its Wings

The chicken tender-focused restaurant chain was bought by former Wingstop execs last year and has opened three locations since April.

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Super 8 Partners with Human Hug Project for Veterans

Super 8 Partners with Human Hug Project for Veterans

Super 8 has partnered with Human Hug Project, an organization founded by combat veterans to bring awareness to PTSD and dole out hugs to at-risk veterans. With this partnership, the company is committing to help the founders, Ian Michael, Gino Greganti and his wife, to accomplish their goal of hugging veterans at every VA Medical Center in the United States.

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Don’t Be Like Papa John

Don’t Be Like Papa John

I’ve never met Papa John’s founder John Schnatter, but his recent decisions as CEO have exposed the company and its shareholders to needless ire. There are a lot of valid external reasons that could be blamed for lowering future sales projections, but pointing to something as divisive as NFL players taking a knee is absurd.

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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.
 
Mary Jo LarsonLaura 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.
 
Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
Follow her on Twitter at http://twitter.com/nanweingartner.
 

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