When Cathy Deano and Renee Maloney, founders of Painting with a Twist, added team-building sessions about two years ago, they envisioned a completely different offering than their consumer-oriented paint-and-sip classes.
Philip Zeidman, senior partner at DLA Piper and general counsel for the International Franchise Association, is the first recipient of the IFA Dennis Wieczorek Free Enterprise Award. He will accept the award during the IFA’s annual convention, Feb. 20-23 in San Antonio.
We’re only months—a few years at most—away from drone delivery of everything from toilet paper to cheeseburgers, but many franchise brands are seemingly missing out on the wave of restaurant delivery companies like BiteSquad, DoorDash, GrubHub and Seamless.
Every employer wants his employees present, i.e. at their desk or workstation, and he, or she, also wants them engaged (in their work, not to another employee). But it’s not enough in the hospitality industry to just show up to work, Fred LeFranc, CEO of Results Thru Strategy, said during his panel at the Restaurant Finance & Development Conference in Las Vegas earlier in November.
Anyone who doubts large, multi-unit operators can wield more power than their franchisors wasn’t at the “success breakfast” featuring three entrepreneurs on the last day of the Restaurant Finance & Development Conference. Franchisors who want to attract such owners—and who doesn’t?—should note the mindset of such entrepreneurs.
Small to mid-sized restaurant operators are a bullish bunch, with 69 percent of respondents to a new survey by RSM expecting top-line growth next year and a mere 4 percent worrying about a decline, according to a Restaurant Finance & Development Conference presentation.
It was almost like speed dating, as nine experts at the Restaurant Finance & Development Conference provided quick market snapshots and nuggets of information from their unique corner of the restaurant industry.
During the Restaurant Finance & Development Conference, Eric Ripert, chef and co-owner of Le Bernardin, considered one of the best restaurants in the world, had a different take on the hot issue of eliminating tipping.
A new crop of companies have emerged in recent years, in the mold of Whole Foods Market, with a purpose that goes beyond profits. Encompassing people and the planet alongside profits, so-called triple bottom-line brands are an interesting phenomenon, and were the subject of a seminar at this year’s Restaurant Finance & Development Conference.
Who knew economists could be so entertaining? In a debate to open the Restaurant Finance & Development Conference Monday, Arthur Laffer and Robert Reich mixed it up in a lively session, from a conservative and liberal point of view, respectively.
Everybody’s talking about today’s blockbuster U.S. jobs report, with the BLS reporting an additional 271,000 jobs in October. That puts the unemployment rate at 5 percent. That’s not the whole story, as ADP reports U.S. franchise employment increased 52,500 during the month—nearly 20 percent of the total increase.
The headlines about Famous Dave’s aren’t pretty. Turmoil, chaos, dive, darkest hour—this isn’t what you want to see from a quarterly earnings report. But Famous Dave’s might not be in that bad of shape despite the news the barbecue company is out of compliance with creditor Wells Fargo.
Two of franchising’s biggest bogeymen, Dr. David Weil of the Department of Labor and Richard Griffin of the National Labor Relations Board, appeared before a group of franchise lawyers at their annual get-together last month—and it turned out they don’t have horns.
It’s been a long time coming—more than three-and-a-half years—but the Securities & Exchange Commission approved last week final rules for Regulation Crowdfunding, also known as Reg CF and the last remaining component of the JOBS Act of 2012.
My day started with two divergent visuals on the challenge of hiring employees. First, a friend contacted me on behalf of his new-to-franchising father who’s having trouble finding employees. Then, I saw the horrible video of the (former) Taco Bell employee drunkenly assaulting his Uber driver. I don’t envy anyone whose livelihood depends on finding and keeping high-quality people.
Apparently, pizza makes watching the GOP debates more palatable. According to a survey of 650 Marco’s Pizza stores in 35 states, pizza sales spiked 28.5 percent during the most recent televised debate, October 28. Since the debate’s theme was the economy, we’re thinking maybe it got people thinking about dough.
Driven Brands continues its acquisition tear with the purchase of Carstar, the second-largest auto body repair franchise, which it’s adding to a new Paint & Collision division behind first-place Maaco.
David McKinnon, co-founder of ServiceBrands International, pledged a significant endowment to the IFA Educational Foundation, which will be used to bolster the coffers of the IFA’s NextGen In Franchising program.
“The company was literally out of cash in September of 2008,” recalls James White about Jamba Juice, the company he was hired as CEO to fix that year. “For me to just save the company was job one.” White will detail how he transformed the brand, along with Scott Svenson of MOD Pizza and Phil Greifeld of Captain D’s, at a CEO panel at the Restaurant Finance & Development Conference, Nov. 9-11 at the Wynn in Las Vegas.
Earlier this week, we brought you the story about “Famous Dave” Anderson rejoining his namesake company, Famous Dave’s. Now we’ve got Anderson’s thoughts on choosing to return to the brand he founded in 1994 and left in 2014, as well as his plans for his fast-casual Jimmie’s Old Southern BBQ Smokehouse he founded last spring.
“Famous Dave” Anderson, founder of Famous Dave’s of America, has rejoined the company as part of a reorganization seeking to reverse the fortunes of the Minneapolis-based barbecue chain beset by falling sales and a succession of leadership changes.
Finally, McDonald’s has something good to talk about besides all-day breakfast. According to the company’s third-quarter earnings release, almost all the numbers look great, or at least better than the much-maligned fast-food giant has in the past few years.
Every time I find myself in the company of world-travelers I ask for tips on how to make it less painful. Here are some of the tips I scored from participants on the recent trade mission to Latin America. Be sure to read to the very end; the last two are invaluable to anyone who travels for a living.
Wan Kim was Smoothie King’s biggest franchisee by far, building 105 stores in South Korea before buying the brand, moving to New Orleans and becoming CEO, in 2012. Now he’s sold those Korean stores to Shinsegae Group for $16.5 million, as the dominant department store retailer plans to add stores in South Korea and push into Vietnam.
In China, chops are almost like a fingerprint. They are distinctive, hard to duplicate, and when sealing an envelope, proof that no one has tampered with it. For Sweetwaters Coffee & Tea, their chop is their logo.
There are so many franchises in the United States—approximately 780,000, according to the International Franchise Association. I love hearing about so many creative businesses on a daily basis. My latest fling? The Kolache Factory. There’s truly a niche for everyone.
The number of franchise opportunities is staggering, and they’re not all good ones. As a reporter constantly evaluating various franchises, here are a few bedrock principles for investigating and choosing your first franchise investment.
Under intense pressure from business owners, Minneapolis Mayor Betsy Hodges yesterday dumped proposals to require employers in the city to schedule workers weeks in advance and offer “predictability pay” when schedules were changed. She is pressing ahead with the other half of a set of controversial proposals, requiring sick pay.
The last time Franchise Times’ readers met Nicole DeSilvis was in the November/December 2012 issue, when the Franchise Times, IFA, U.S. Commercial Service trade mission visited Panama, Chile and Colombia, and she was the senior officer for the Colombia office.
With last week’s announcement that it’s removing artificial colors, flavors, sweeteners and preservatives from its menu—as well as introducing meats that have never been given antibiotics or hormones—Noodles & Company is going down a much-welcomed path to reviving its brand: honesty.
Minneapolis is newly in the sights of the International Franchise Association, which is blasting proposals by the city to require employers to pay sick time and to publish schedules 28 days in advance.
With only 142,000 jobs added during September according to the U.S. Bureau of Labor Statistics, those of us in the franchise world can feel good knowing that 33,000 of those jobs came from franchising—23 percent!
Shares of Dunkin' Donuts fell more than 12 percent after the Canton, Massachusetts-based coffee chain announced the closure of 100 stores amid lower-than-projected EPS and a slowdown in same-store sales and customer traffic.
Robert Cresanti, the International Franchise Association’s top lobbyist, is now its new president and CEO and is expected to continue the trade association’s aggressive fight against what it calls attacks on the franchise business model. Cresanti replaces Steve Caldeira, who resigned after failing to reach terms on a new contract. Caldeira’s tenure began in 2010.
Most companies have an interesting backstory, but Ben’s Soft Pretzels has one that’s more charming than most. Ben Miller, an Amish baker in northern Indiana, ran a bakery stand at farmer’s markets across northern Indiana. After given opportunity to buy a neighboring flea marketer’s pretzel company, he leapt at the chance, but ended up having to invent his own recipe. And so, Ben’s Soft Pretzels was born.
For the first time since the Franchise Times Top 200+ list began in 1999, some of the very largest brands in franchising stumbled, as readers will learn when we publish the massive annual project October 1. But we couldn’t help but give you a sneak peak at the flip side as well—many smaller brands picked up the slack with some eye-popping statistics.
As Pope Francis wraps up his time Friday in Washington, D.C., and prepares to head to Philadelphia for the weekend, the folks at Philly Pretzel Factory are gearing up, too. They’ve created a special pretzel dubbed Papal Knots, and hope the pontiff will want a sample.