After selling Mosquito Squad to Authority Brands, the backyard bug control franchise’s former parent Outdoor Living Brands is now a management-owned enterprise and is refocusing its attention to growing its four remaining backyard-focused brands.
Viddl-It, Wayback Burgers' new electric vehicle initiative, combines the on-site cooking of food trucks with on-demand delivery technology to, the company says, ultimately bring consumers a better product.
With its made-to-order donuts and array of toppings, franchisee Marcial Dieguez-Acuna says the “superior donut” offering of Duck Donuts will stand out to Chilean consumers and the experience of watching each donut get dipped and topped is unique to the market.
The “robust” job market will be a challenge in 2019 for people charged with selling franchises, says Jania Bailey, CEO of FranNet, in a new survey of International Franchise Association board members sharing their outlooks for 2019.
Two items are noteworthy in the Chapter 11 bankruptcy filing last week by Mr. Gatti’s Pizza, Sovrano and Gigi’s Cupcakes: a $20.2 million term loan from Equity Bank to Mr. Gatti’s and Sovrano, its parent company, and a $9.2-million term loan from Equity Bank to Gigi’s Cupcakes, both made last June. Jeffrey Cohen of Cohen Law, the attorney representing 18 Gigi’s Cupcakes franchisees in ongoing litigation, wants to know, "What happened to the cash?"
Historically, shutdowns don’t affect the economy drastically. But there are plenty of headaches for business owners.
A year and a half after hanging with Raymond Griffin, founder of The Lost Cajun, the Cajun restaurant brand is celebrating the fruits of an impressive growth streak during the past 12 months. The brand opened 13 new restaurants during 2018.
Nominations closed this week for the annual Franchise Times Dealmakers project, so we’re knee-deep poring through the deals to select finalists to present to our judges in January. As usual, we’ve got a complex, ambitious and fascinating group of deals.
“Somebody was going to get there, and it was a real privilege to be the first one to hit that milestone,” says Trey Owen, speaking about United PF Partners surpassing the 100-club mark this past fall and becoming the first Planet Fitness franchisee to break that barrier.
The franchising model can take many forms, but the leader behind Panera says there are some key factors that enabled the brand’s incredible franchise growth over the last 26 years.
Consumers have been trained to be wary of health challenges, as there always seems to be some fine print or a big price tag. But CoreLife Eatery is doing everything it can to keep the brand’s healthy lifestyle challenge “pure.”
With the U.S. stock market tumbling, along with softening auto sales, home building and consumer confidence, you’d be forgiven for assuming times are tightening in the hospitality market, but so far that isn’t the case. As the hotel industry continues an unprecedented growth streak, Hilton’s All Suites brands—Embassy Suites, Homewood Suites, Home2 Suites—hit the milestone of 1,000 open properties.
Workout Anytime hit $53 million in sales in 2017, and its expansion to 143 locations to finish the year came thanks largely to positive franchisee validation, notes CEO Steve Strickland.
Restaurant businesses can be dangerous, with their slippery floors, repetitive tasks and the endless peril of delivering food. And all those dangers can be costly, as outlined in a new report from insurer AmTrust.
Pizza Hut made a big move to bolster its online ordering capabilities, acquiring QuikOrder earlier this month. Though it didn’t disclose terms of the agreement, Pizza Hut noted this marks one of its largest acquisitions to date.
I Heart Mac & Cheese is taking its decadent, custom offerings on the road with food trucks. The first franchisee behind the wheel said so far, it’s going great.
From the Zor Awards to Orangetheory’s crazy growth spurt, MidiCi and the second-largest Applebee’s franchisee landing in bankruptcy court, this was an unusually dramatic year in franchising according to web traffic stats of Franchise Times.
The franchise sector added nearly 140,000 jobs in 2018 for a growth rate of 1.82 percent, according to a new study by the ADP Research Institute. That was down from the year before, when 212,000 franchise jobs were added for a growth rate of 2.74 percent.
With full ownership of the brand, Smashburger’s 351 stores join Philippines-based restaurant giant Jollibee, which itself has more than 4,300 units across a dozen brands in the Philippines, China, Vietnam and elsewhere in Asia. Smashburger accounts for 7 percent of Jollibee's systemwide sales, which were $3.4 billion last year.