Sentinel Capital Partners sold family dining brand Huddle House Inc. to family office Elysium Management this week. The private equity firm acquired the Atlanta-based restaurant franchise in 2012 and had since helped guide it through a turnaround and roll out a remodeling program. The chain added 36 new locations to the map in fiscal year 2017—a record year of franchise expansion for the brand.
Men’s grooming concept The Gents Place closed out its first full year of franchising having signed agreements that will bring 11 new locations to markets including Austin, Chicago, Houston and San Antonio. And to top it all off, the brand received a significant investment from Blue Star Innovation Partners, an investment venture for growth-stage companies founded by Dallas Cowboys owner Jerry Jones.
The franchise sector is expected to grow faster than the rest of the U.S. economy, according to a new report from the International Franchise Association, which was unveiled Monday at the Washington Post’s State of the Union Preview and delivered by Fastsign’s CEO Catherine Monson.
Since the largest franchise of them all—the National Football League—is in Minneapolis, also the world headquarters of Franchise Times, I’ve been talking with sources all week who have the same question: What in the world do people do when the Super Bowl will take place on a day forecast to be 10 degrees below overnight with a high of big fat zero on February 4 itself? So let me explain.
Things have been going very well at Fazoli’s as the country’s largest quick-service Italian chain continues its long growth streak in the wake of some dark times several years ago. The Kentucky-based company just announced an increase in same-store sales and foot traffic, as well as the signing of six new development agreements for new stores in several different states.
As the owner of two dogs who are terrified of going to the vet, I am very excited to hear a company called MVS Pet Care is launching what it calls the first professional franchise network of house call veterinarians. This is a great idea, and definitely a game-changing idea for certain pet owners, which is a fast-growing part of the U.S. economy.
As part of a “significant digital transformation,” convenience-store chain 7-Eleven is testing delivery and in-store pickup ordering at select Dallas stores with its new 7-ElevenNOW smartphone app.
Burger King launches another mega-burger that begs the question: are we heading into another caloric QSR arms race? This reporter hopes not.
On the heels of what it called a “monstrous and prosperous” Q4, Wayback Burgers is trumpeting its rapid growth and franchise development throughout 2017, in hopes of continuing the momentum throughout the new year.
My recent blog post pointing out how few franchises make it to 100 units in a year or two, as so many young franchises claim they will, drew many responses, including some who thought I was being too negative to point out the statistics from Franchise Grade. But the president of Pet Wants Franchise System, Scott Hoots, called the numbers “sobering” and added his brand “had the opposite problem.”
We Americans love dramatic renovations, and HomeVestors—the brand behind We Buy Ugly Houses—has named The Ugliest House of the Year after Americans voted on five house makeovers completed by company’s independently owned and operated franchises.
Buying an established franchise means everything is in place and you can hit the ground running with a mature business. But the same advantages can also be disadvantages, so due diligence is crucial say panelists at Franchise Expo South.
A franchisee revolt at Subway over its $5 footlong promotion and declining sales has prompted Freshii to publish an open letter yesterday in the Chicago Tribune, offering a “sincere proposal,” as the letter said. One can only imagine Subway's response.
After six years without any new U.S. locations, Tony Roma's is back on the gas with West Palm Beach Opening.
We interviewed 40 C-level execs to put together our Fast & Serious package, which you can read in full in our January issue, but we gleaned a lot more that we weren’t able to include. So, here are three more thoughts on growing a franchise brand, sustainably.
We’re suckers for good food photos, so our thanks goes to I Heart Mac & Cheese, a Boca Raton, Florida-based brand that just launched a national franchise program and has many beautiful photos plus a dauntingly long menu that seems destined to shrink—or whose name seems destined to expand.
Retired NBA star and Hall of Fame center Shaquille O'Neal stopped in for breakfast at Rachel's Kitchen, a bistro franchise concept in Las Vegas.
Show your enthusiasm for the best franchises in the industry with the Franchise Times Zor Awards recognizing the best companies in 10 hot industry segments. This interactive awards program allows our readers to vote for their favorite brands in each of 10 categories
This latest funding round brings MOD Pizza's total equity capital raised to more than $185 million, financing the company said will help it bolster its presence in existing U.S. markets and in the United Kingdom.
After eight years as Domino’s president and CEO, Patrick Doyle announced he is leaving the company on June 30 after several years of massive sales growth that brought the Michigan-based global pizza giant over the $10 billion mark in annual revenue.