My recent blog post pointing out how few franchises make it to 100 units in a year or two, as so many young franchises claim they will, drew many responses, including some who thought I was being too negative to point out the statistics from Franchise Grade. But the president of Pet Wants Franchise System, Scott Hoots, called the numbers “sobering” and added his brand “had the opposite problem.”
We Americans love dramatic renovations, and HomeVestors—the brand behind We Buy Ugly Houses—has named The Ugliest House of the Year after Americans voted on five house makeovers completed by company’s independently owned and operated franchises.
Buying an established franchise means everything is in place and you can hit the ground running with a mature business. But the same advantages can also be disadvantages, so due diligence is crucial say panelists at Franchise Expo South.
A franchisee revolt at Subway over its $5 footlong promotion and declining sales has prompted Freshii to publish an open letter yesterday in the Chicago Tribune, offering a “sincere proposal,” as the letter said. One can only imagine Subway’s response.
After six years without any new U.S. locations, Tony Roma’s is back on the gas with West Palm Beach Opening.
We interviewed 40 C-level execs to put together our Fast & Serious package, which you can read in full in our January issue, but we gleaned a lot more that we weren’t able to include. So, here are three more thoughts on growing a franchise brand, sustainably.
We’re suckers for good food photos, so our thanks goes to I Heart Mac & Cheese, a Boca Raton, Florida-based brand that just launched a national franchise program and has many beautiful photos plus a dauntingly long menu that seems destined to shrink—or whose name seems destined to expand.
Retired NBA star and Hall of Fame center Shaquille O’Neal stopped in for breakfast at Rachel’s Kitchen, a bistro franchise concept in Las Vegas.
Show your enthusiasm for the best franchises in the industry with the Franchise Times Zor Awards recognizing the best companies in 10 hot industry segments. This interactive awards program allows our readers to vote for their favorite brands in each of…
This latest funding round brings MOD Pizza’s total equity capital raised to more than $185 million, financing the company said will help it bolster its presence in existing U.S. markets and in the United Kingdom.