Franchise News Articles For Entrepreneurs & Small Business OwnersRestaurant Chains Offer Incentives for FranchiseesRestaurant chains like Popeye, KFC, Firehouse Subs and Rally’s Burger have stepped up incentive programs to lure franchisees to take the risk and open their own businesses, as reported in the Los Angeles Times. Popeyes offers to waive its $30,000 franchise fee for new owners and lowered royalty fees from 5% of revenue to 2% for the [...] Franchise Businesses Do Well Despite Poor EconomyDuring this period of economic downturn, people who lost their jobs or are uncertain about holding onto their jobs usually cannot find new employment. Alisa Harrison of the International Franchise Association said, “They tap home equity, severance packages and sometimes retirement plans to start a new business that they can own so they can have [...] Franchisee and Pizza Hut Legal Battle ContinuesLarry Lundy whose franchise was ranked among the 100 largest minority owned businesses in the United States in the 90s is facing storm after storm in his business. In 1999, he was diagnosed with leukemia and while undergoing treatment, his franchise stores was mismanaged by the staff. As he got better in 2004, things started [...] Wingstop Franchises – Wingstop is Expanding into MexicoWingstop franchise owners have announced in FastCasual.com that the company will be adding more than a hundred restaurants across Mexico in the next seven years. WIS Masters has started interviewing interested parties to be franchisees and targets stores in other countries in Middle East, Latin America and Central America in the coming years. Based on [...] Small US Franchises Target Other RegionsRegions outside of the United States are now targets for expansion for smaller franchisors. These regions have been unscathed by the economic downturn, and they have appetites for American products and services. In a Wall Street Journal article, Angus Loten writes that small businesses are “turning to markets in the developing world where credit continues [...] Mosquito Squad Adds More FranchisesMosquito Squad, cited by INC as one of the fastest growing franchise concepts in 2011, is expanding to more states with the signing of new franchise agreements since September. This was announced by Chris Grandpre, Chairman and CEO of Outdoor Living Brands, the franchisor of Mosquito Squad, in PR Newswire. Mosquito Squad let Americans enjoy [...] Chipotle’s Steve Ells Opens Asian Concept RestaurantAccording to an article in USA Today, ShopHouse Southeast Asian Kitchen may do to Asian cuisine what Chipotle did for Mexican food. ShopHouse opened in the nation’s capital amidst high expectations and media hype. As at Chipotle, ShopHouse boasts the use of natural ingredients and meat that has no antibiotics or added hormones. “ShopHouse has an [...] Cafe2U Vans Bring Coffee to ConsumersLee Johns went all the way to Australia to learn how Cafe2U International conducts business and makes coffee, said an article in BendBulletin.com. With the information he gathered, he brought home with him the rights to set up Cafe2U franchises in the United States. Johns envisions 1,000 Cafe2U vans across the nation in five years. [...] Guy Kawasaki to Speak at IFA Convention in FebruaryFamous author Guy Kawasaki will be the speaker during the closing keynote lunch of the 52nds Annual Convention of the International Franchise Association’s in February 14 in Orlando, Florida. The Convention will be attended by 3,000 franchise professionals. Developments in the industry, financials, new markets, franchising practices advice and more will also be highlighted during [...] Congress Urged to Provide More Funds to Create JobsFranchising grew significantly in the past decade and the Small Business Administration has lent small businesses more than $30 billion this year. Of this amount, $25 billion went to SBA’s popular 7(a) and 504 programs. Now that Congress is working on the appropriations, it should prioritize funding to help small businesses create jobs. The following [...] Disabled Athelete Starts Sport Clips FranchisesJ.J. O’connor first experienced the franchising business at age 15 when he witnessed the life style of his friend’s father, who owned a convenience store franchise. He liked what he saw. A year later, he had a hockey accident and ended up as a quadriplegic. This disability did not prevent the former hockey player from [...] More UPS Store Franchises in Military BasesTheStreet.com featured businesses in military bases including the UPS Store. Chris Adkins, vice president of franchise development for The UPS Store, says the company averages opening 5 to 6 stores a year and by the end of the year, it will add 3 more to its existing 34 stores in military bases. The UPS Store [...] Tips on Preventing Franchise DisputesIf businesses don’t work out as expected, stakeholders have the tendency to look for someone to blame – this scenario is common when it comes to franchising. Catching and addressing the dispute early on will prevent a full-blown litigation. Andrew Caffey provides tips on how to prevent franchisor-franchisee disputes in the following AllBusiness.com article. One of the most [...] Which Pro Athletes are Franchise Owners?The International Franchise Association and Professional Athlete Franchise Initiative entered a deal to provide former athletes training so they can own their own businesses or franchises, reports the The Orange County Register. IFA President and CEO Steve Caldeira says “Professional athletes are strong leaders in the ultra-competitive sports arena, so they inherently understand the importance [...] Continuous Research Makes TCBY RelevantTim Casey, TCBY’s CEO, discussed with QSRWeb.com how his frozen yogurt business keeps apace with customer expectations. He counts its healthy product and their continuous research for new products and flavors, consumer feedback through social media, rebranding and self-service among the changes that clicked with consumers. In 2012, the company will open more stores to [...] UPS Store Waives Franchise Fees For 10 VeteransUPS Store, in a move to support IFA’s “Operation Enduring Opportunity”, announced in BizJournals.com, that it will waive franchise fees for ten first-time veteran franchisees. This amounts to $300,000 in financial incentives. Prospective franchisees should sign a Letter of Intent between January and June 2012, said Tim Davis, a former U.S. Marine and now UPS [...] FRANdex Surpasses S&P and Russell IndexesFRANdata, an independent research firm that tracks and analyzes franchises, launched FRANdex. In its report that appeared in PR News Wire, the FRANdex market capitalization index performed better than the S&P500 and the Russell 2000 indexes. Darrell Johnson, President and CEO of FRANdata, believes that the small businesses and franchises are often reliable indicators of [...] Legal Battle Not Stalling Pizza Hut’s ExpansionPizza Hut filed a lawsuit against Lundy Enterprises, a corporation of Larry Lundy who owned 44 Pizza Hut restaurants, for royalty payment default. Lundy counterclaimed that “Pizza Hut imposed unfair credit terms, refused his restaurants the chance to offer new products available in other markets and, over time, opened independent stores that became his competition”, according [...] Domino’s Pizza to Open More Stores AbroadJ. Patrick Doyle, the CEO of Domino’s Pizza, has successfully turned the company around from the social media crisis it experienced when he took the helm 18 months ago. He accomplished this by putting out his own video addressing the issue and offering transparency to the public by receiving feedback via Twitter and Facebook. Domino’s [...] Collateral is a Big Factor in Getting a Business LoanMost small business lenders now require borrowers to put up hard assets to be granted loans, and the most common collateral used is real estate or one’s home. Take the case of Craig Holman who put up his share of the family farm as collateral to get an $85,000 loan to buy into an AdvantaClean [...] |
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