Item 19 in the J.D. Byrider’s franchise disclosure document says the average interest rate charged by franchised and company stores was 21.3 percent in 2012. Not surprisingly, the company's website defends the rate.
What does the $9 million salary of McDonald’s CEO have to do with the 9 bucks an hour earned by the guy flipping the burgers? A fiery legislator in Connecticut, Frank Tercyak, is trying to make the connection.
Let me start this piece with a confession: I have never read something by Greg Nathan that I did not find interesting and helpful. “The Franchise Relationship Book of Tips,” his newest publication, is no exception.
Digital signage is a hot trend in restaurants, offering more control to tout daily specials, a better return on investment, and in some cases even a chance to go online while in line. Pudgie’s is set to test that last idea.
Expanding to Canada first makes sense. But there’s more to our neighbor to the north than many franchisors take into account. Here are some of the rewards and red flags about international expansion there.
FRANdata is 25 years old this month, prompting our conversation with its founder back then and its CEO today. The state of franchising over a quarter century—not to mention the change in fashion—gets a review.
Some are finding ways to manage the increases, such as modifying designs ‘on the fly’ and switching to lower-cost suppliers for wall decor or murals. But they’re bracing for more hikes as demand rises.
Tutor Doctor is suing a franchise attorney who calls himself the affordable alternative, claiming fraud. But others defend Harold Kestenbaum, suggesting his rock-bottom rates attract jealousy from other lawyers.
The Myers siblings draw from military backgrounds for both management style and site selection—all their Smoothie King locations are on bases. Communicating ‘early and often’ is one key, as brother Fred says.
The good news, according to the economist Paul Kasriel, is U.S. consumers should have a burst of activity the rest of the year, once the weather improves. They’ll spend on food, hotels and retailers because of heavy demand.
Health officials denounce them. Regulators are circling. Sounds perfect to Chip Paul, who’s started Palm Beach Vapors to sell e-cigarettes and wants to one day test sales of marijuana, which he calls ‘the next gold rush.’