It’s not often a franchisor attracts a prospect by being the subject of a Harvard Business School case study, but that’s what happened for Seattle-based MOD Pizza. BBX Capital just signed on as a franchisee, with plans to develop 50 or more of the fast-casual pizza chain’s restaurants across central and southern Florida over the next seven years.
How do you sustain a mission-driven company as it grows in units and geography? I put this question to Jim Alling in an interview this week, for an upcoming story I’m doing about Seattle-based MOD Pizza, where Alling is an early investor and serves on the board.
With this week's news that Marriott’s acquisition of Starwood received antitrust approval in China, the two hotel giants are slated to become a combined entity on September 23. As the hotel business remains hot with sales growth across the board and a raft of hip, new flags, there’s an obvious question: Are more hotel weddings on the horizon?
There’s no topping the amazing adaptations cooked up by Mother Nature, but as an ever-growing flock of U.S.-based franchised brands expand overseas, I’m planning a deep-dive into international brand evolution at the Restaurant Finance & Development Conference in November.
As a political junkie, I loved the chance to wander the halls of power surrounding the U.S. Capitol at this week’s IFA DC Fly-In. Aside from the fun of wandering around Capitol Hill, it was a clear demonstration that the International Franchise Association has learned how to appeal to its members in a less caustic manner.
JPMorgan Chase recently announced that Clarence Nunn will join the firm to lead the continued middle market expansion strategy in the Southeast.
Here are a few things I learned about franchising while preparing the Franchise Times Top 200+ package: Healthcare franchising is booming, with systemwide sales for the industry segment up 14 percent, better than all 11 other segments.
RiseMark Brands, the parent company of Right at Home and IKOR, has a fresh infusion of capital now that Investors Management Corp. has invested in the Omaha-based senior care franchisor.
After severe Louisiana flooding soaked or destroyed an estimated 40,000 homes, people and communities are struggling to recover from its devastating effects. The Baton Rouge Mooyah location, along with franchisee Chuck Kerr, has been stepping in to lend a hand in the wake of the disaster.
Do you stop and think about how good we have it in terms of food here in the 21st century? It’s somewhat crazy how much better the average new-concept restaurant is these days compared with 10, 20 or 30 years ago. Rather than a new take on Sysco’s greatest hits, so many of today’s are both excellent and creative. Even so, the world’s a cruel place and even well-intentioned, high-quality concepts will fail.
Tutor Doctor has settled its lawsuit that sought $20 million in damages from East Meadow, New York, attorney Harold Kestenbaum for $3 million, putting to rest allegations Kestenbaum failed to properly register the franchise in nine states.
It must be refreshing to be Rich Wagner these days. He’s the co-founder and senior vice president of Nature’s Table, a 68-unit healthier-eating fast-casual concept that started in Florida back in 1977. Now, after 39 years, the concept is finally growing quickly as Americans are generally starting to favor healthier and more transparent restaurants.
CenterOak Partners, a Dallas-based private equity firm, bought a majority stake in Wetzel's Pretzels this week, ending Levine Leichtman Capital's nine-year ownership in the brand. Co-founder Bill Phelps remains CEO.
With a new majority stake, Jimmy John's is getting plenty of capital without jumping into an ugly stock market.
Badly burned in recent years with three ugly stock market bets—Valeant (VRX), Herbalife (HLF) and JC Penney (JCP)—Pershing Square Capital’s Bill Ackman on Tuesday announced a $1.2 billion wager on the beleaguered Chipotle Mexican Grill (CMG) restaurant chain.
Pet waste clean-up services have become a mature business category, which may be one of the reasons the media no longer treats us to all those sophomoric references of cringe-worthy (but fun) company names. But a fake app put the spotlight back on our dogs' toilet habits.
Zika is in the news, the mosquito-borne illness that is linked to birth defects in children born to infected women, and so is this week’s missive from employment attorney Tom Spiggle of Spiggle Law Firm. “Employers are in a tough spot when dealing with the Zika virus and pregnant workers,” he writes.
The CEO of Miami-based Happy Tax, Mario Costanz, threw down a load of chutzpah this week in an open letter to H&R Block’s board of directors that blasts current management at the behemoth tax preparation franchise. “What has happened at your company over the past decade is appalling,” wrote Costanz.
Massachusetts-based Fantastic Sams is looking to accelerate its growth, and has been approved for a franchisee lending program created by The Bancorp through its primary financial institution, The Bancorp Bank.
The infamous dollar menu has reached its dying days. As commodities and minimum wage steadily rise, it has become all but impossible for QSR establishments to offer substantial $1 or $2 options and still make a profit.