Passion for the brand and a desire to grow often drives operators to acquire a franchise brand. But buyer’s remorse can quickly set in.
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Ampex Brands CEO Tabbassum Mumtaz likened the company's acquisition of Au Bon Pain to a star athlete becoming a coach or a cook who dreams of …
Some business-owning families band together out of necessity. Others, like the Youngs of Cedar Rapids, Iowa, do so to keep family together. The franchise “was a great vehicle for my kids to help me grow a business—and to keep them close to home, selfishly speaking,” concedes dad Mike, a Freddy's Frozen Custard & Steakburgers franchisee since 2014 “We are now the epitome of a family-owned business.”