Michael and Babz Barnett had their 15 minutes of fame six years ago on the hit TV show "Shark Tank." Like other contestants, they pitched their concept—a modernized kids’ gym called Romp ‘n Roll—to high-powered celebrity judges, and got the coveted offer. Then they promptly turned it down.
The latest issue of Franchise Times has a new feature by Julie Bennett where she examines a franchisor’s financial disclosure document—the FDD—in search of strengths and red flags. It inspired me to dive into an FDD on my own for a look at what this document contains for nervous first-time franchisees.
The animals at the Brookfield Zoo may wish they still rested their weary heads on the Savannah grasses in the wild, but at least their new beds have a high-thread count. That’s because the Hilton Chicago /Oak Brook Hills Resort and Conference Center has donated 500 sheets, pillow cases, blankets and duvet covers to the zoo as off-exhibit area bedding for its endangered animals.
If it seems the people in the corner office (or more likely today, at their standup desks in the middle of an open floor plan) are getting younger and younger, Safeway Driving Schools’ two new vice presidents are cases in point.
I’ve never been a beer drinker. In college, my dates had to pony up for sloe gin or a really nice bottle of white zinfandel if they wanted me to enjoy keggers. So only a mother’s unconditional love for her child induced me to go on a brewery tour with my son Zack in St. Petersburg, Florida.
Negotiations between Arby’s and pro golfer Andrew “Beef” Johnson on changing his nickname to “Meats” came to a screeching halt when Johnson finally told the fast-feeder in no uncertain terms it would not be able to claim “We have the Meats.” But they could say, “We have the Beef.” (Not to be confused with “Where’s the beef,” which is Wendy’s hole in one.)
After several years of ownership by Atlanta-based Roark Capital, Batteries Plus Bulbs has been acquired by Los Angeles-based private equity firm Freeman Spogli & Co. Finalized at the beginning of July 2016, the acquisition’s financial terms were not disclosed.
Today, most houses come with high-end tile, countertops and wood flooring, but most people don’t know how to properly maintain such materials. You may try some old standbys—bleach, ammonia and vinegar—before becoming exasperated and calling in a professional. That’s where Sir Grout comes in, a 38-unit chain based in Alpharetta, Georgia, that’s growing quickly as more homes come with nicer, more expensive and, ultimately, harder to maintain materials that are immune to the trend of DIY.
Whether you already play the game, or are simply baffled by the manic popularity of Pokemon Go, allow me to explain, and offer a way to possibly turn hordes of wandering players into some additional traffic at your retail store or restaurant.
A tale of two hotels, one franchised with a theme, one non-franchised with a theme.
Brock Lesnar is enormous, the former NCAA wrestling champion when he was at the University of Minnesota and a former Minnesota Vikings defensive player, we see from our box at the T-Mobile Arena in Las Vegas at the UFC 200 last Saturday. As we would soon learn, mixed martial arts organization UFC itself is huge, too.
“Let’s go, Frankie. Let’s go Frankie. Let’s go Frankie,” roars the crowd at the UFC 200 last Saturday as Frankie Edgar took on Jose Aldo. Franchise Times is here as guests of UFC Gym, the franchise that features mixed martial arts training with its own octagon, and Edgar is a new owner of a New Jersey Gym, so this is our guy.
Margaritas Mexican Restaurant GM Shawn Barton used to just watch guests watch a video playing on the casual-dining chain’s TVs, but after returning from a management-paid trip to Mexico he now can narrate the travelogue.
Massage Envy is really huge—to the tune of more than 1,125 domestic units—but it’s fixing to get much bigger and a little more worldly with a recently announced partnership with Australia’s Collective Wellness Group to add approximately 100 units down under over the next 15 years. It will be the franchised massage giant’s first foray outside of the United States.
With so many new fast-casual pizza concepts out there, many industry watchers see Pieology’s recent acquisition of Project Pie as the first move in an eventual wave of consolidation that will trim the number of players in this rocket-fueled segment.
Marriott International, one of the world’s largest hotel companies, is edging closer to buying Starwood Hotels & Resorts in a $12.2 billion merger that would create one of the world’s largest hotel companies.
Nearly all franchisors hope to align their interests with their franchisees’, of course, but Instant Imprints believes it is the only franchisor to offer something more tangible in that effort: 10,000 gifted common shares to every existing and new franchisee at no additional cost.
Think of the countless good things technology has wrought since the Industrial Age, and then marvel at how bread—something so elemental to human nourishment—has hardly improved at best or, at worst, been reduced to pseudo bakeries in grocery stores where we all buy the same, bland loaves of once-frozen, trucked-in bread. We can do better as a society said Eric Keshin, president, CMO and principal at Great Harvest Bread Company.
The things you learn when getting ready to head to Vegas for UFC 200 this weekend, to cover featherweight contender and UFC Gym owner Frankie Edgar and more.
Having been a long-term patient at a franchise health system—and, of course, a journalist covering the franchise world—I’ve been curious about how medical franchises attract and retain quality professionals in the face of competition from big, established health systems.