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Franchise Times Top 10 Stories of 2016

Franchise Times Top 10 Stories of 2016

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.

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Inside the Wide-Sweeping Chalak Mitra Group

Inside the Wide-Sweeping Chalak Mitra Group

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.

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M&A Update: The Market Bears What the Market Bears

M&A Update: The Market Bears What the Market Bears

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.”

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Area Director and Multi-Unit Owner Bill Mapes Talks Jersey Mike’s

Area Director and Multi-Unit Owner Bill Mapes Talks Jersey Mike’s

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.

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Right-Sized Rent Metrics the 'Single Most Important Factor' for Restaurants

Right-Sized Rent Metrics the 'Single Most Important Factor' for Restaurants

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.

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BoeFly Webinar Tackles Issues Around New SBA Rule

BoeFly Webinar Tackles Issues Around New SBA Rule

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.

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GPS Hospitality acquires 194 Burger King locations in Southeast

GPS Hospitality acquires 194 Burger King locations in Southeast

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.

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GNC revamp looks to replace “old broken model”

GNC revamp looks to replace “old broken model”

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.

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‘Authentic Feel’ Drives Concept Creation at The Briar Group

‘Authentic Feel’ Drives Concept Creation at The Briar Group

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.

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Culinary Innovation, Franchisee Partners Key to Popeyes’ Growth

Culinary Innovation, Franchisee Partners Key to Popeyes’ 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.

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When Selecting Tenants, the Management Team Matters, Says Spirit Realty Capital SVP

When Selecting Tenants, the Management Team Matters, Says Spirit Realty Capital SVP

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.

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Freddy's CEO Bill Simon Remembered for 'Steady Vision'

Freddy's CEO Bill Simon Remembered for 'Steady Vision'

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.

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BurgerFi CEO Commits to Food Transparency

BurgerFi CEO Commits to Food Transparency

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.

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Tony Roma’s Steakhouse COO Talks Casual-Dining Competition

Tony Roma’s Steakhouse COO Talks Casual-Dining Competition

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.

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Large-Scale ‘Zee Bullish on Restaurant Market

Large-Scale ‘Zee Bullish on Restaurant Market

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.

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Checking In on Famous Dave’s

Checking In on Famous Dave’s

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.

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Delivery's Changing the Game. Is Your Brand Ready?

Delivery's Changing the Game. Is Your Brand Ready?

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.

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Tips From a Franchise Road Warrior On How to Be Grounded When You're in the Air

Tips From a Franchise Road Warrior On How to Be Grounded When You're in the Air

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.

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Dusting Off Another Franchise Trade Mission Adventure, This Time in Three Airports

Dusting Off Another Franchise Trade Mission Adventure, This Time in Three Airports

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.

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Marcato, Mick McGuire Again Urge Big Change at Buffalo Wild Wings

Marcato, Mick McGuire Again Urge Big Change at Buffalo Wild Wings

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.

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Covers everything from good news to bad judgment

About This Blog

The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is staff writer at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
 twitter.com/mlarson1011.
 
Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
Follow her on Twitter at http://twitter.com/nanweingartner.
 

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