Paul Flick is the founder of three franchises—360 Painting, Pro Lift Doors and Handyman Pro—and he’s just completed his second acquisition, adding Kitchen Wise under the Premium Service Brands umbrella.
Ace Hardware, No. 5 on this year’s Franchise Times Top 200+ list, plans a major franchising push starting the second quarter of next year for Handyman Matters, the Denver-based home improvement service chain Ace acquired in September.
When two of the supposed top three brands in a segment actually saw sales decline, you know there’s a problem. Though it actually recovered slightly from 2017’s 3 percent drop, the casual dining subcategory of restaurants in the Franchise Times Top 200+ is still going in the wrong direction, save for Applebee’s, the only brand to see positive sales growth in 2018.
“When the opportunity came to join Franworth as a partner alongside John, David Barr, and the incredible team and brands assembled within, it was a no-brainer,” said Drew Brees of joining the Ann Arbor, Michigan-based firm in August as a partner and executive board member.
WKS Restaurant Group out of Cypress, California, is now the largest Denny’s franchisee in the system. The new location-count leader took the crown by adding 94 restaurants that formerly belonged to QK Holdings.
It's been a busy fall already with mergers and acquisitions in franchising, with many of the deals sure to be competitive in our annual Franchise Times Dealmakers project, with nominations open now through December 31 by clicking on the Dealmakers button nearby and at www. franchisetimes.com.
The man who arranged 50 Cent’s equity investment in Vitamin Water and Madonna’s deal with Vita Coco, Seth Rodsky and his firm Strand Equity have bought a stake in Modern Acupuncture and brought actress Cameron Diaz into the deal, too.
Franchisees leaving the 7-Eleven system are “creating a glut of available stores across the nation, including in major markets like Los Angeles and New York,” says the latest missive from the convenience store giant’s biggest critic—its coalition of 7-Eleven owners.
Inspire Brands, the parent company of Arby’s, Buffalo Wild Wings and Sonic, has entered into an agreement to acquire Jimmy John’s Sandwiches from Roark Capital Group. The Atlanta-based Roark private equity firm purchased Jimmy John’s in 2016 and has been the longstanding owner of Arby’s, which was rolled into the newly formed Inspire Brands in 2018.
As the corporate guy in charge of marketing, field operations and off-premises at Moe’s Southwest Grill, Tad Low’s job includes threading the needle between customer expectations, franchisee pain points and a fast-changing delivery environment that shines a spotlight on how different foods weather the car trip to at-home diners.
With more than half of its sales now leaving the restaurants, Fazoli’s is preparing a second generation off-premises strategy, which CEO Carl Howard suggested may come at the expense of arch rival Olive Garden.
When members of the Franchise Action Network storm Capitol Hill tomorrow to lobby Congress, they will have two main targets, as instructed by the government affairs pros at the International Franchise Association who prepped them Tuesday afternoon.
Encourage your state’s representatives and senators to vote NO on the PRO Act, and YES on the Trademark Licensing Protection Act.
Just Between Friends was founded with giving back as a key component of the franchise model, noted its co-founder and CEO Shannon Wilburn at last night’s Franchising Gives Back awards event in Washington, D.C., but it takes more to create a sustainable charitable effort.
Franchise Times has changed the name and the structure of its annual spring finance conference in order to better serve its audiences: Senior executives from leading franchise companies and franchise lenders and investors. Now called The Franchise Investment Conference, this exclusive event will debut in 2020.
Cinnabon is a standout on this year’s Franchise Times Top 200+ ranking, to be published in October, leading the treats category by far with systemwide sales up 8.3 percent and surprising those who have proclaimed the death of the shopping mall.
Every month I’m plucking the key details from dozens of multi-unit franchise development agreements to give you everything you need to know to stay informed and, of course, keep an eye on what the competition is doing. That's The Wire, from Franchise Times.
Artie Starrs is sitting in the same office and working with the same people, but the new CEO of Pizza Hut is facing a different set of challenges as the brand drastically adjusts its footprint to better align with recent technological investments and retake its No. 1 spot among American pizza chains.
Now that Cousins Subs is entering the Chicago-area market in a big way, from its home base in Wisconsin, VP of Marketing Justin McCoy is starting over again to build relationships with sports teams and community groups as potential partners in the family-owned franchise’s charitable efforts.
With millions of Americans living above or adjacent to a Dunkin’ or, at the least, passing one on their commute, the deal with Grubhub is an interesting experiment to make a brand that’s nearly ubiquitous even more accessible.
I talked with Clyde Rucker, CEO of Austin, Texas-based Rucker Restaurant Holdings, for a Restaurant 200 story in our August issue, and the franchisee of Denny’s and Jack in the Box restaurants had more to say.
The first brand Peter Ross co-founded is Senior Helpers, ranked No. 2 among home healthcare providers for percentage sales gains in the upcoming Franchise Times Top 200+ list. He expects his fourth brand, Town Square, to pump up sales even more once it gets rolling.
Domino’s Pizza is giving its U.S. franchisees the option of using custom electric bicycles through a new partnership with Seattle-based Rad Power Bikes. Domino’s says electric bikes are often a better solution to the traffic congestion and parking hassles that are inherent with urban pizza delivery.
If you’re swinging through any of the 62 Applebee’s locations owned by Apple Texas, you can take a stab at a gut-busting challenge: Get free food for a year if you can eat more wings than a 127-pound mother of four.
Only 16 percent of U.S. franchises, meanwhile, have more than 100 units, and a mere 4 percent have 500-plus locations. These were some of the FranData numbers shared by David Barr, chairman of the International Franchise Association, during his industry update at the Faegre Baker Daniels Franchise Summit last week.
Speaking last week at the Faegre Baker Daniels Franchise Summit in Minneapolis, Susan Beth, NRD’s chief operating officer, noted in the subsequent two years since the firm took Ruby Tuesday private it’s been focused on harnessing dormant devotion to the brand and improving the guest experience.