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.
Bill Simon, co-founder, president and CEO of Freddy’s Frozen Custard & Steakburgers, age 61, died December 17 after a battle with cancer, the Wichita, Kansas-based company announced today. “He led the company through unparalleled growth with a steady vision, and encouraged everyone he encountered to maximize their potential,” the company said.
All-natural burgers, fries, sides and buns have become the new normal at North Palm Beach, Florida-based BurgerFi. Winograd talks supply chain challenges in sourcing better ingredients across its growing network.
With increase competition from grocery stores and fast-casual restaurants, Tony Roma’s Steakhouse COO Brad Smith on the concept’s recent rebranding aimed at luring millennial diners.
Tom Kaiser talks with Roland Spongberg, president and CEO of WKS Restaurant Group is bullish on the restaurant market going forward, and expounds on his plans for adding 12 new restaurants in 2017.
Famous Dave’s, the Minnetonka, Minnesota-based barbecue chain, has struggled mightily in recent years as the casual dining segment has slowed and the company has cycled through a succession of CEOs and other top-level management.
Some brands are setting themselves up to be left out in the cold as more companies spring up to bring meals, groceries, clothes and other daily items right to the consumers, with no need to hop in the car to visit an actual storefront.
International travel always sounds glamorous, but it’s hard on the body and the mind (not to mention the spouse left with all the domestic work). Here are some tips from Raja Joshi of Golden Chick on how he survives trade missions and other trips abroad.
Remember the old 'How many (fill in the blank) does it take to screw in a light bulb?' joke? I don’t know the answer to that one, but at the Mumbai airport it takes five workers to dust a light fixture. More on the franchise trade mission to India/Sri Lanka.
Earlier this week, Marcato Capital CEO Mick McGuire, sent another inflammatory statement to franchisees of Buffalo Wild Wings that, among other things, urged a radical increase from the company’s current 49 percent franchise standing.
Captain D’s has a new look, which will be complete by the end of 2017, and a new-ish line of grilled products, and Chief Development Officer Michael Arrowsmith describes the tricky business of appealing to new customers while keeping the old, with Franchise Times’ Beth Ewen.
Matthew Corrin, founder of Freshii and a former employee of the high-end fashion designer Oscar de la Renta, discusses why he likes to follow fast-fashion players like Zara in his brand’s development of menus. “If you’re not staying cutting edge you’re not staying relevant,” he told Franchise Times’ Beth Ewen.
Christina Chambers joined Huddle House, the venerable casual dining chain, last August, along with a new management team backed by private equity investor Sentinel Capital, and one of the biggest initiatives was a remodel program. “So taking a brand that is 52 years old and making it new again, which is about as hard as it sounds,” she told Franchise Times’ Beth Ewen.
Everybody who hates when people text at the movies (in other words, everybody over the age of 35) should check out Alamo Drafthouse Cinemas, a growing chain of movie theaters with restaurants that absolutely don’t allow it.
Just weeks before the latest franchise mission board planes to go to India, the prime minister demonetized the two bills that account for 85 percent of the cash spent on a regular basis.