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.
Franchise Freeway News
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.
Would you like to know which franchises in some 180 industry sub-categories have the highest to lowest average unit volumes? You would? We thought so, and so for the first time we included that information in The Franchise Handbook, our brand new resou…
Both McDonald’s and Wendy’s announced big changes to supply chains to cut down on the use of antibiotics in beef.
When private equity acquisition news makes the headlines it’s often for a big-name restaurant buy. But as this recent move by Sentinel Capital Partners shows, retail franchises can prove just as attractive.