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Hurry Up and Wait for SBA Help

The Small Business Administration shared its final guidance around the Paycheck Protection Program and financial institutions are reeling. But operators should get in line.

Mayweather Boxing Sees Opportunity Amid Studio Shutdown

While the uncertainty is weighing on franchisees—“everyone is wanting to know when they’ll be able to reopen”—Mayweather Boxing CEO James Williams said there’s also opportunity to market memberships and even help franchisees in the sold-but-not-open stage find more attractive real estate.

Walk-On’s Restaurants Go All In on Family Meals

Walk-On’s, the Cajun-themed sports bar and restaurant franchise partly owned by New Orleans Saints Quarterback Drew Brees, has gone all in on family-style meals after each of its 37 locations closed their expansive dining rooms due to the COVID-19 pandemic.

Homecare Franchises On Front Lines of Virus Battle, Says Best Life Exec

Homecare franchises are on the front lines of the COVID-19 battle, and are seeing growth rather than shutdown. "We're hiring across the nation," said Best Life Brands' chief revenue and operating officer.

Lawsuit Alleges Edible Arrangements Founder Is Self-Dealing

The franchisee association is suing Edible Arrangements and its founder, Tariq Farid, alleging "self-dealing" and improper use of the advertising fund among other complaints. Now they're adding retaliation to the list.

AFC Urgent Care Franchise Gears Up to Fight COVID-19

Triage pods in the parking lots are among the innovations rolled out at five AFC Urgent Care clinics in Portland, Oregon, where owner Guru Sankar is trying to relieve an overburdened hospital and ER system while at the same time keeping his clinics' doors open.

Can’t Pay Rent? Communication, Transparency Is Key

Today is a big mile marker in the COVID-19 pandemic—it’s the first time many business owners had to decide exactly what they were going to do about the rent bill.

International Franchises Take Market-by-Market Approach to Pandemic Response

For brands with franchisees operating in regions around the world, they’re planning for what’s next—even as situations during the COVID-19 pandemic are sometimes wildly different from market to market.

Sky Zone Plans More Non-Traditional Locations, Bad Timing Aside

If timing is everything, consider Sky Zone's first foray into the world of non-traditional locations as a case of the bad.

Franchises Should Play Offense Not Just Defense, Buzz Brands CEO Says

"If it looks like you're overreacting, you're probably doing the right thing." That's a quote from Dr. Anthony Fauci, the nation's point medical man on the pandemic, that Kevin Wilson, CEO of Buzz Franchise Brands, takes to heart. But he also advised playing offense, on a webinar sponsored by FranConnect.

How Franchises Are Helping Senior Citizens During COVID-19

A Taco John’s franchisee is offering free meals to elderly citizens, a Junk King franchisee has partnered with a local food bank to deliver meals to seniors stuck at home, and Assisted Living Locators has partnered with Love For The Elderly, a nonprofit organization that mails handwritten letters to seniors.

A Guide to Franchise Registration State Filing Extensions

Several franchise registration states are making adjustments to filing deadlines and are updating other guidelines for renewals and applications in an effort to assist franchisors experiencing a severe disruption to their business.

Yum CEO David Gibbs Foregoes Salary Amid COVID-19 Pandemic

Yum CEO David Gibbs joins other CEOs and business leaders in foregoing a salary as businesses around the world struggle to combat COVID-19.

What Restaurants & Franchises Need to Know About the Payroll Loan Program

Options for beleaguered restaurants owners are mobilizing quickly. Here is what you need to know. The CARES Act, recently passed by Congress and signed by President Trump on March 27, allows the Small Business Administration to guaranty $349 billion in loans to small businesses that have been impacted economically by the COVID-19 virus.

These Fitness Franchises Are Still Helping Us Sweat

Like their counterparts in the restaurant segment, fitness franchises have had to close their doors following various state mandates to slow the spread of the COVID-19 virus and, much like restaurants, they’re pushing their business model online. Perhaps better prepared for this shift thanks to the rise in at-home fitness classes, brands are rolling out virtual workouts and giving many people—FT’s editorial team included—a much-needed outlet as the lockdown continues.

Restaurant Relief Fund Aims to Support Workers

With support from celebrity chef Guy Fieri, the National Restaurant Association Educational Foundation created a Restaurant Employee Relief Fund that will provide one-time $500 checks to restaurant workers.

Off-premises Experts Share Actions to Implement Now

If your restaurant is keeping the lights on amid the coronavirus pandemic, status-quo business plans no longer apply. Two experts in the off-premises space are recommending operators make critical changes immediately to get through this crisis, while also setting their restaurants up for success when normalcy finally returns to the dining room.

TruFusion Rolls Out Meditation, Self-Care Tips for Members

If your local gym isn’t closed due to COVID-19 already, it likely will be soon. TruFusion, an everything-in-one studio backed by athletes such as Russell Wilson and Alex Rodriguez, decided to offer online classes for members ranging from bootcamp to yoga to Pilates.

Trump Signs 'Wartime Level' COVID-19 Response

A major COVID-19 relief bill approved by the Senate has been signed into law.

Top Crisis Management Tips for Franchises

Franchises are—or should be—in the third wave of crisis communication, said Lorne Fisher, CEO of Fish Consulting. “It’s how do we re-engage with customers” and keep the brand relevant “even if you’re not open." Fisher and other industry professionals in PR and brand marketing offered tips for franchises as they navigate effects of the COVID-19 pandemic.

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About This Blog

The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Laura MichaelsLaura Michaels is editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Beth EwenBeth Ewen is senior editor of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is restaurants editor at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
 twitter.com/mlarson1011.
 

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