Most entrepreneurs have their elevator pitch down pat—that 30-second speech about their company that can be delivered in the time it takes to go up or down a few floors. But angel investors and venture capitalists on a panel this week recommended listening rather than talking.
Wyndham Hotel Group is set to become a new, publicly traded company by the first half of next year. Based in Parsippany, New Jersey, it operates or franchises more than 8,100 hotels across several brands, including Ramada, Days Inn and Baymont Inn & Suites.
They say capital’s cheap and easy these days. Because there are so many good business ideas out there, I’ll keep this brief: I’m thinking of becoming a franchisor in the cereal business down in Kentucky. Who’s coming with me?
A U.S. House committee has introduced legislation defining what it means to be a “joint employer,” stating the employer must “directly, actually and immediately” exercise significant control over the primary elements of employment to be so considered and thus liable for violations of workers’ rights.
Chip Paul is shutting down his electronic cigarette franchise, Palm Beach Vapors, which at its peak had 21 units, for regulatory reasons. Meanwhile, he’s starting a new company called Gnu Pharma, which is developing herbal supplements that he will sell through distributors but definitely not roll out as a franchise. Why not?
In its Q2 2017 U.S. Shopping Center Marketbeat, C&W predicts an increase in retail closures over 2016 with retail bankruptcies and consolidations magnifying the impact of e-commerce and other seismic shifts.
Denny’s On Demand, which the company launched nationally in May through a partnership with Olo, includes online and mobile ordering and payment for to-go items, plus delivery via Olo’s Dispatch network of third-party services.
Huddle House entered new markets across 14 states, including the brand’s first Maryland location and additional growth in New Jersey, where the all-day breakfast concept has one store open and five more in development. Eight of its multi-unit owners signed additional agreements in fiscal year 2017 to open 22 more locations.
I’m continually amazed by the number of better-burger players out there, but the herd has stayed strong as the competition has intensified. And, for whatever it’s worth, Wayback Burgers is still expanding like crazy, recently hitting 120 domestic locations and many new international openings in the hopper.
Restaurants and retailers have clearly read the memo that younger consumers want an experience when they spend their precious fun money. The latest innovation is a great one for a summer Friday—World of Beer’s ALEgorithm that it bills as a Pandora-style “beer discovery engine” providing beer recommendations based on personal taste and member engagement.
Gen Xers, usually in the shadow of millennials and baby boomers, are an equally important customer base for restaurants, finds a new NPD Group foodservice study.
Courting social media Influencers is one way restaurant owners can create buzz around new food items or new store openings.
For franchised service concepts in the moving segment, summer the opportunity of the year, but to get the most out of the season, it takes a thoughtful approach.
When Wan Kim bought Smoothie King in 2012, he had a singular thesis in mind: to be a part of every healthy lifestyle. It seems to be working.
As the so-called non-traditional real estate strategy goes mainstream, Dunkin’ Donuts is the latest announcement with a new partnership to open three restaurants in Price Chopper grocery locations in Kansas. It’s a safe bet that we’ll be seeing more grocery store tie-ups, among others as restaurant brands seek to go wherever people congregate.
Meet Chefs For Seniors, a four-year-old company out of Madison, Wisconsin, whose professional chefs prepare weekly meals in the home for an elderly clientele. The service, which has corporate locations in its home state plus Illinois and Florida, just launched its franchising initiative in 37 states.
As the good times keep rolling in the hotel world, major hospitality brands are continuing to expand their portfolios as healthy business and personal travel continue to fuel record revenue gains and occupancy rates. The latest is Wyndham Hotel Group’s acquisition of Minnesota-based AmericInn hotel and its management company, Three Rivers Hospitality, for $170 million.
The move by the Los Angeles-based group also puts two Brentwood partners, Bill Barnum and Rahul Aggarwal, on Blaze Pizza’s board of directors, along with industry veteran Greg Dollarhyde.
It’s time once again for one of the very best things in all of franchising: IFA’s fantastic NextGen in Franchising Global Competition is now accepting applicants for the next crop of industry leaders who need a boost in bringing their great idea to market via franchising.
After launching one of its sandwiches into space and publishing its first corporate romance novel (seriously), KFC has launched an online merchandise shop it’s calling KFC Ltd. With Colonel Sanders pillows, a chicken sandwich made with real meteorite and drumstick socks—among many others—this is the real deal.