Antonio Swad, founder of Dallas-based Pizza Patron and Wingstop, is on to a new venture after selling this week Pizza Patron to the brand's largest franchisee, Charles Loflin of San Antonio.
The headlines this week were negative for Andy Puzder, Trump’s choice for secretary of labor and CEO of CKE Restaurants—so much so that the International Franchise Association commissioned a survey of Carl’s Jr. and Hardee’s employees to counteract a damning one released Tuesday by Puzder foes.
As speculation mounts about how long Drew Brees will continue as quarterback for the New Orleans Saints, it’s becoming clearer that one of the most famous and talented players in the NFL has teed himself up to be a major player in the franchise world for many seasons to come. Adding to his growing empire of Jimmy John’s and Walk-On’s restaurants, he is set to build 69 new Dunkin’ Donuts restaurants in Louisiana.
Real estate in India is like football in the U.S., says Ramnik Chopra, managing director and lead investor in Coldwell Banker India. He’s not saying it’s a game, only that homeowners are fanatical scorekeepers. “Everyone wants to know the price of their property” and every weekend they’re checking the newspapers for the stats, he says.
As the numbers begin trickling in after the cash registers cool down from the holidays, initial reports suggest it was a good Christmas for U.S. retailers in general, with First Data reporting a 4.7 percent year-over-year increase in retail sales during the season as part of its SpendTrend Holiday Season numbers.
Kevin Hein spent 20 years in traditional law firms, most recently at Faegre Baker Daniels in Denver specializing in franchise law, but he’s now joined with an upstart firm called Alexius that provides defined legal services for a fixed fee rather than all-encompassing work for the almighty billable hour.
Amit Pamecha and Joe Bourdow have seen it all in franchising, mistakes and triumphs alike, and have now joined with two other partners to form Premier Franchise Advisors. Their goal is to help franchises and private equity firms avoid the former and achieve the latter. FT asked them to share lessons learned.
That sassy red-head Wendy has been showing her frosty side on social media, as the legacy hamburger chain’s Twitter account has become the subject of mass media articles in recent days.
Bryan Weinstein is the founder and CEO of Bar-B-Clean, a California-based grill cleaning business whose franchisees encounter more gross stuff than I could find in the darkest recesses of the Franchise Times company refrigerator.
As we move into 2017, it’s time for a little year in review. It’s been another strong year at Franchise Times, and the editorial content here was booming with features, special projects, and franchise news items.
Chalak Mita Group Managing Director Pushpak Patel gives a glimpse inside the well-diversified company built on the trust between best friends at the 2016 Restaurant Finance & Development Conference. The group is growing every which way from QSR to hotels and even a Jamaican cricket team.
Partner and attorney Derek Ladgenski of Katten Muchin Rosenman LLP discusses the “active” M&A market at the 2016 and his outlook for 2017 at the Restaurant Finance & Development Conference. And what’s going to happen when interest rates ticket up? Ladgensky says nobody really knows, “all you can do is get ready.”
Area director and multi-unit franchisee Bill Mapes discusses what kind of franchisee Jersey Mike’s is looking for, and how the company looks for people who fit the company values before they’re in the system.
What can a restaurant do in this landlord’s market? Jim Haslem of CS Advisors has more than three decades of experience negotiating leases and seeing what works at restaurants. He explains how to get to the right rent metric at the 2016 Restaurant Finance & Development Conference.
All the gnashing of teeth over the SBA Registry rule change may be for naught, since the four points the SBA has pulled out into an addendum are best practices most franchisors are already doing. Or so said a panel of franchisors and lenders that discussed the rule change on a webinar today presented by BoeFly.
When a franchise operator announces 200% growth through a single deal, it’s generally a second location. At GPS Hospitality, it means nearly 200 additional restaurants.
Vitamin and supplements brand GNC Holdings announced last week that it will launch a bold new company revamp, closing all U.S. corporate stores on December 28. After adding a new pricing structure and tech enhancements, the company will reopen December 29 with the launch of One New GNC.
What started with a few Irish pubs in Boston has grown to become The Briar Group, a collection of 14 restaurant concepts ranging from casual bar to upscale dining. And as CEO Austin O’Connor tells Franchise Times’ Laura Michaels, location and authenticity are what drive growth.
Ranked No. 46 on Franchise Times’ Top 200+, Popeyes Louisiana Kitchen continues its expansion. And with about 90 percent of the growth coming from existing franchisees, “that speaks volumes about the strength of the company, the strength of the brand,” Director of Franchising Renee Lewis tells Franchise Times’ Laura Michaels.
It’s a $10 billion real estate investment trust, but Spirit Realty Capital also sees itself as a capital provider to help franchisors and ‘zees grow their business, says April Ronchetti Little, senior vice president of acquisitions. That makes selecting tenants with strong management teams a priority.