Franchise News Articles For Entrepreneurs & Small Business OwnersJamba Juice Is Growing By Adding More StoresPublicly traded since 2006, Jamba Juice intends to open new stores in the East Coast and Midwest, its spokesperson told U-T San Diego. The company, which started offering fresh juice and smoothies, started in 1990. It has since been known for its vitamins-, protein-, or herb-spiked healthy drinks made on site. It has also added […] Best Franchise Deals In 2012QSR Magazine lists the 2012 best franchise deals in the fast food industry for the third year in a row. Its criteria include sales-to-investment ratios, targeted market, sales trends and support from the parent company. Some franchises in the list appear for a second or third time. Among these are Subway, Popeyes, Bojangles’ and Saladworks. […] 7-Eleven Now Has 570 Stores in TexasConvenience Store News announced the acquisition by 7-Eleven of 23 Quix stores in Texas. Roy Strasburger of Strasburger Enterprises confirmed the deal that was consummated in June. He said they have 10 remaining Quix stores that they plan to sell to independent dealers. On the other hand, Robbie Radant, 7-Eleven’s vice president of mergers and […] Tim Hortons Opens 500th RestaurantHusband and wife team Chris and Lisa Stopay are the proud owners of the 500th Tim Hortons franchise in St. Adele, Quebec. Tim Hortons is the largest publicly-traded restaurant chain in Canada. This quick service chain offers premium coffee and other hot and cold specialty drinks, sandwiches, baked goods, soups and its trademark donuts. It […] Domino’s Opens 5,000th Store Outside U.S.Domino’s Pizza Inc. announced the opening of its 5,000th store outside of the U.S. last month. Celebrations of this milestone are to take place in Rio de Janeiro, Brazil; Cologne, Germany; and Penang, Malaysia. PizzaMarketplace.com reports these markets are the fastest-growing in the pizza chain’s global system. In the U.S., Ritch Allison, Domino’s Pizza executive […] Chick-fil-A Boasts Of Its Family EnvironmentChick-fil-A has about 1,600 restaurants in the U.S. Although some fast foods experienced slump in recent years, Chick-fil-A showed continuous growth. In 2011, it posted $4 billion sales. The chain focuses on family and community. “With the shift in the economy, some of the people who were going to sit-down restaurants with their families came […] Growth Of Franchise Businesses – Franchise Lending Is Up Compared To Last YearFranchise lending is up about 6% from May 2011 to May 2012. QSRWeb.com gathered this information from the monthly Franchise Lending Index of the International Franchise Association (IFA) and BoeFly. BoeFly is an online marketplace accessed by lenders to find franchise borrowers. Its data is collected from over 2,200 lenders in the country. Some of […] Best Franchise Awards – The Search is On for the Best UK FranchiseSmith & Henderson announced the search for the Best Franchise in UK. The Best Franchise Awards is a cut above other such awards because it is the franchisees that choose the winners. Franchisees choose which among the franchise systems is the best, which they recommend, and which has the best training and support. They also […] Tips on Investing in a FranchiseIn his article at Bbpinc.com, Ed Teixeira equates an investor as someone who is not involved in the day-to-day operations of a business. Such arrangement is apt for a franchise where, aside from the efforts of the franchisee, the success of the business relies on the support and operations system developed by the franchisor. As an […] Krispy Kreme Is GrowingKrispy Kreme celebrates its 75th birthday on July 13. With this celebration are reminders not to commit the mistakes of the past. Top executive Jim Morgan said at its annual shareholders meeting that Krispy Kreme’s potential “is greater than anyone in this room can understand.” Krispy Kreme experienced major loses from 2004 to 2010. Winston-Salem […] Business Owners Are Optimistic About Franchise GrowthA survey undertaken by the International Franchise Association of 2,000 franchise leaders shows the bullishness of franchise owners. More than half of the respondents say their current business conditions are good. This is up compared to 38% in 2011. “Franchising remains a bright light in a still-struggling economy,” says IFA chief Stephen Caldeira. Katherine Ellison […] 2012 Worst Franchises to Buy According to SBAThe Small Business Administration gave data to BlueMaumau.org on franchises that continuously failed to meet their loan payments. This is the same list given by the SBA to its affiliated lenders throughout U.S. Topping the list are ice cream shops and quick service restaurants. They lead the lowest performers among major franchise brands in terms […] CruiseOne to Award Free Franchises to VeteransAfter launching new careers in the travel industry for five unemployed educators in 2010 in its ‘Second Chance at Success’ campaign, CruiseOne will be doing the same for former military men. ‘Operation Vetrepreneur: Become Your Own General’ is open to those who are retired, off active duty and/or were honorably discharged prior to May 15, […] Subway, Dairy Queen, Wendy’s, Five Guys & Chick-fil-A are the Top BrandsSubway, Dairy Queen, Wendy’s, Five Guys, and Chick-fil-A are the top choices of over 20,000 people who participated in the Harris Poll EquiTrend Study for the most familiar and best quality quick-service brands. About 1,500 brands were included in the survey, according to QSR. Mary Bouchard of Harris Interactive says, “The more these restaurants have […] Low Cost Franchises Are Becoming More PopularThe Franchise Business Review reports a significant growth in franchise opportunities in its survey of over 11,000 franchisees. This growth is manifested in low-cost businesses with investments that range from $5,000 to $150,000. Most of these franchises are involved in offering services rather than goods. During the economic downturn, many franchisors reduced their initial franchise […] Applebee’s Overhauls Menu and ImageUSA Today featured an interview with Mike Archer, president of Applebee’s. Archer took over the helm of Applebee’s four years ago. The Applebee’s casual dining chain is over thirty years old and Archer is instituting changes to keep up with consumers and the times. Among the changes are the menu, the restaurants’ looks and marketing. […] 2012 IFA Expo Signals Exciting Future for FranchisesThe 2012 International Franchise Expo attracted the most attendance since 2006. There were 334 exhibitors on hand to talk to prospective franchisees. All interests and specialties were represented in this exposition. Successful franchises, new and unique franchise opportunities were evident that the franchising business is growing. Steve Caldeira, president and CEO of the IFA, said, […] Benihana Going Private in Buyout DealPublicly traded Benihana, known for teppanyaki cooking by chefs that dazzle diners with their knife-handling skills, is being acquired by Angelo, Gordon, and Co.’s. The deal between this restaurant chain and the private equity group is still subject to regulations and approval of its shareholders. Benihana has until July to consider other offers. Analysts told […] Franchising Seen to Grow this YearThings are looking up for the franchising business. The International Franchise Association has projected a growth of 1.7% in the number of franchise establishments this 2012. This will be the first increase since the economic recession in 2008. Scott Nishimura in his Star-Telegram.com article featured three couples who found their respective niches in buying franchises. […] Dunkin’ Donuts Plans to Double its Franchises in the U.S.Dunkin’ Brands senior director of franchising Jeremy Vitaro spoke to Bret Thorn of Nation’s Restaurant News about the plan of the Dunkin’ Brands Group, Inc. to increase the number of its units in the U.S. by 100% in the next 20 years. The Dunkin’ Brands include Dunkin’ Donuts and Baskin-Robbins. For the Dunkin’ chain, they […] |
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