The latest franchisor to jump on the train is Boston Market, which will serve antibiotic-free rotisserie chickens by the end of Q1 2018. According to the Colorado-based chicken chain, its goal is serving 100 percent antibiotic-free rotisserie chicken as soon as possible—with currently more than 75 percent of its chickens being raised without the use of antibiotics.
Last year Arby’s made headlines when it began testing venison sandwiches in select locations around the country. States like Wisconsin, Pennsylvania, Michigan and Minnesota were able to get in on the deer meat craze for a limited time, and the sandwiches sold out almost immediately.
McDonald’s included a pack of surprisingly bold McNuggets with its Investor Day in downtown Chicago earlier this week as the fast-food giant unveiled plans for meal delivery, app-based mobile ordering, curbside pickup and a “more modern, more exciting restaurant environment” as part of its new Experience of the Future restaurant concept that’s already delivering sales gains in markets outside of the United States.
Four Foods Group has scooped up another company, The Soda Shop, from founders Chase Wardrop and Dylan Roeder, who will both retain equity in the company and serve as division presidents.
A new accounting rule will change when franchisors can recognize revenue from initial franchise fees—stretching it out for the life of a development agreement rather than when the first location opens—and could mean a big hit to income statements. So warns Kevin Hein, a franchise attorney at Alexius in Denver.
As reported in its Q4 2016 financial results, Domino’s Pizza grew domestic same-store sales 12.2% during the quarter, while international sales shot up 4.3%. It also opened a record 1,281 stores during the year, which includes 171 net new domestic locations.
Would you take advice from the man who wrote the book, “The 4-Hour Workweek”? If so, then Tim Ferriss’ keynote talk at the International Franchise Association annual convention was for you. (The conference was Jan. 31-Feb. 2, and if I hadn’t cut my work week to four hours since then, I might have posted this blog earlier.*)
“When we find an opportunity, we sort of jump all over it, and it demonstrates to folks how serious we are to grow.” So says Barry Dubin, chief development officer at KBP Foods, one of the Franchise Times Dealmakers award winners I’ve been interviewing over the last week. Here are a few more:
It’s somewhat crazy that Fixer Upper, Flip or Flop and Property Brothers are so popular their stars’ lives have become tabloid fodder. For Trend Transformations, an international flooring and home hard surface restoration franchise tied up with Tarek and Christina El Moussa, the drama surrounding their high-profile divorce has been outweighed by the visibility gains for their company.
With as many as 150 new food halls predicted to open in the next few years, these modern day food courts with higher-end food offerings are the bright spots offsetting tough times in the retail scene as many big-name brands are facing what may be their…