We routinely write about young franchise concepts because everybody likes to know what’s new in franchising, but a study released today by Franchise Grade shows how long the odds are for those so-called emerging brands. Just over 30 percent of brands that started four years ago had one or fewer locations, the study said.
Twice a month I’m plucking the key details from dozens of multi-unit development agreements to give you everything you need to know to stay informed and, of course, keep an eye on what the competition is doing.
Though it’s smaller in unit count by nearly 900 than the industry giant that is Massage Envy, Hand & Stone Massage and Facial Spa leads the segment in sales growth percentage for 2016.
T-shirts and pop-up ads are among the tools Muscle Maker Grill is using to promote its upcoming initial public offering via a new option known as Reg A+, said Bob Morgan, CEO of the franchised restaurant chain seeking just under $20 million. Regulation A+, passed as part of the JOBS Act in 2016, allows any qualified investor to buy shares in an IPO, in the past something that was effectively reserved for institutions and high-rolling insiders.
NRD Capital is set to take Ruby Tuesday private in a deal that values the storied casual diner at $335 million.
Craig Culver inked a deal last Friday with Roark Capital, the private equity firm that bought a minority stake in the 640-unit Culver’s chain, but it’s a move Culver had resisted for years.
Everybody is talking about the labor shortage these days, and one of the most respected names in franchising, Mary Kennedy Thompson of the Dwyer Group, has several astute things to say on the topic as well as research to back it up.
Here’s the latest entry on the prepared meal scene—Tampa-based Fitlife Foods, which operates stores that sell nothing but already cooked meals ready for customers to pick up or to have delivered. Fitlife spent more than six years improving its business model, and is now rolling out a franchise program in Florida.
Millions of parents need child care and increasingly, as our recently released Franchise Times Top 200+ segment numbers show, they want that care to include education. It’s double-digit sales increases all around for this year’s top three early education and care provider concepts, with Kiddie Academy leading the way.
Jersey Mike's jumps 14 spots to No. 102 on our annual ranking, and while the company’s president says he wishes he could point to one defining move Jersey Mike’s made last year to boost sales, the reason for the notable growth is much more basic.
I interview a lot of business people about countless interesting companies in franchising, but every now and then one really sticks with me and gets my gears turning. The latest such example is Conserva Irrigation, a MN-based brand under the Outdoor Living portfolio that bills itself as the only national outdoor irrigation company founded on the concept of water conservation.
Michael Kornick is not a very good person to talk to when you’re hungry and stuck in the office. He’s a five-time James Beard-nominated chef and one of three partners rolling out a franchising program for DMK Burger Bar, and he described the burger pictured nearby, along with the favorites of his partners’, in mouth-watering and excruciating detail one day this week, at lunchtime.
Scott Crane joined Dallas-based Rave Restaurant Group as CEO in January, after the parent company of Pie Five Pizza and Pizza Inn had turned in some tough quarters and the former CEO was gone. Several months of research have led to some promising tests, especially of delivery at Pie Five.
For the big box, value-priced gym concept, it’s a leap President and CFO Dorvin Lively attributes to three factors: brand positioning, franchisees’ growth and attracting members.
Who’s sick of reading about millennials? I am, and I am one, albeit on the crustier end of the scale. A new report from Zillow shows that Generation Z, those born between 1995 and 2010, are beginning to enter the housing market. It’s time to learn about these little tikes, and start drafting plans with their interests in mind.
Fueled by franchisee development and a high-intensity, group interval training model that’s attracted tens of thousands of members, Orangetheory Fitness rocketed to No. 153 on the Franchise Times Top 200+, our exclusive ranking of the 500 largest franchises.
Now in its 19th year, 2017’s Top 200+ is bigger than ever before, with additional coverage and analysis throughout the Franchise Times website and in our October issue.
“It is our strategic plan to improve every consumer touch point,” says Suzanne Greco, the CEO of Subway and sister of its late founder, Fred DeLuca, in an exclusive interview with Franchise Times’ contributor Julie Bennett, available today in print and online. She is one of four CEOs profiled in the Franchise Times Top 200+ package, our annual ranking of the 500 largest franchise brands by global sales.
Did you know that almost everything is franchised? It’s true, including tree removal services. From my own experience as a new homeowner, I know how much money can be made in this field. At Pennsylvania-based Monster Tree Service, recent growth has been coming at a breakneck pace—with expectations of growing the system 30 percent by the end of 2017.
I’ve passed a milestone I’m quietly celebrating on this fine fall day. My first-ever magazine column, The Urbane Franchisor, is going strong after a year and a half in the pages of Franchise Times. Now more than ever, I’m convinced the franchise industry has much to gain by learning about modern trends in urban planning.