Franchise News Articles For Entrepreneurs & Small Business OwnersForza Coffee Offers In-House Financing to FranchiseesForza Coffee Co. understands the difficulty for first-time business owners to get financing from traditional sources. To help these new entrepreneurs and to achieve its franchise growth, it has put up an in-house financing arm. BusinessExaminer.com says Forza is putting their money where their mouths are. Rich Jennings, CEO and managing partner of Forza, says […] Seattle’s Best Opens its First Drive-through Store in NorthlakeSenior Vice President Jim McDermet told Chicago Tribune that after losing about 450 stores when Borders bookstores closed, Seattle’s Best Coffee paused to find out “what was the market opportunity not being met”. Eight months of research revealed that about half of the U.S. population over 18 years is comprised of workers, the young and […] Franchisee Groups Support California Fair Franchising Bill – AB 2305California joins Vermont and Massachusetts in legislating fair franchise practices this year. Assemblyman Jared Huffman is the main sponsor of the Level Playing Field for Small Businesses Act or AB 2305. He says his bill aims to protect small businesses from “intentionally unfair practices” by franchisors and bankruptcies. The supporters of this legislation say that […] Sizzler Franchisee Discusses Chain’s GrowthAccording to Nation’s Restaurant News, Tony Lutfi has acquired five existing Sizzler restaurants and plans to build five more in California. Lutfi, chief executive and president of Marlu Investment Group, has over 70 restaurants. Among these are Jack in the Box, Church’s Chicken, Little Caesars outlets, and Arby’s restaurants. Sizzler is the latest addition. He […] Franchising – Franchise Growth in 2012Franchising numbers are up this 2012. The 2012 Franchise Business Economic Outlook by IHS Global Insight, a forecasting and financial analysis firm, projects a 1.9% growth in the number of franchise establishments. This amounts to almost 14,000 new locations to the existing 735,751 units. About 170,000 jobs will also be created and this will help […] Starbucks Adds More Stores in China and Asian-Pacific AreaJohn Culver, head of China and Asia Pacific business at Starbucks, told The Wall Street Journal that Starbucks Corporation would increase its presence in China from the current 500 stores to over 1,500 until 2015. He reports that the coffee chain’s revenue for China and the Asian-Pacific region increased 38% while its operating income grew […] Burger King Goes Public AgainThe Wall Street Journal reports that 3G Capital Management, current owner of Burger King, sold 29% stake in the hamburger chain for $1.4 billion to Justice Holdings. William Ackman of Pershing Square Capital Management will own 10% of Burger King as co-owner of the investment fund, Justice Holdings. When it lists at the New York Stock […] Top 100 Places to Work – Interstate Batteries Makes It Three in a RowThe Dallas Morning News’ Top 100 Places to Work is an annual search by the magazine. Public and private companies, governments and nonprofit organizations with more than 50 employees may enter the contest. For 2011, over a thousand companies were nominated. The companies were rated through anonymous survey questions sent to employees of each. They were […] Minority-Owned Franchises on the RiseThe International Franchise Association, in a recent study, says more minorities are attracted to franchise opportunities. From 2002 to 2007, there was an increase in minority-owned franchises as reported by the IFA. The US Census Bureau defines businesses at least 51% owned by Asians, African-Americans, Hispanics or non-white racial groups as minority-owned. Asians comprise 10.4% […] Franchise Outlook For 2012Franchise opportunities are plenty so long as people have dreams that address other people’s needs. A unique product or special service could be a great concept for a successful business if only you can find a financial partner. Financing – that is where the difficulty lies. Lending institutions, particularly large banks, should extend more loans […] Yogurt Mountain Opens its 40th StoreYogurt Mountain opened its first store in 2009 and has since grown in 15 states. Its stores offer self-serve frozen-yogurt experience where customers can control their options and cost through its pay-by-the-ounce system. With over 50 available toppings that include fresh fruits, nuts, candies, sprinkles, cereals and various sauces, customers can enjoy fat-free or low-fat […] Dunkin’ Donuts Opens its 10,000th Store in ChinaChief Executive Officer Nigel Travis of Dunkin’ Brands Group, Inc. announced in December that the opening of a Dunkin’ Donuts café in Xi’an, China is the company’s 10,000th store globally. He told Businessweek.com of their plan to “grow faster internationally than domestically”. The company earlier announced it will also open in 500 locations in India […] Johnny Rockets to Open in IndonesiaIndonesians are set to welcome another American food experience with the opening of the first Johnny Rockets restaurant in Bali. Johnny Rockets serves hamburgers, sandwiches, salads, sides and shakes. The franchise owner is the Sahid Group through its subsidiary Riyanti Investama International. Sahid Group CEO Wiryanti Sukamdani says the new restaurant will open in April […] Popeyes CMO Lynch Promoted to Chief Global Brand OfficerRichard H. Lynch, Popeyes Louisiana Kitchen chief marketing officer, a division of AFC Enterprises, Inc., led the brand transformation that included a change in the company’s logo, advertising, messaging platform, and products. The chicken chain grew in the third quarter of 2011 because of these changes. Cheryl Bachelder, AFC Enterprises CEO, announced at QSR.com that […] Will Debt Restructuring Save Quiznos?Denver-based Quiznos is a national chain of quick-service restaurants that offer sandwiches, soups and salads using premium ingredients. The chain grew to nearly 5,000 stores but because of competition from Subway, about 1,500 of these stores closed. It ran into debt when its current owners, CCMP Capital Advisors LLC and Consumer Capital Partners, purchased Quiznos “in a […] Franchise Risks – The Wrong Way to Franchise SuccessMichael Seid at AllBusiness.com writes about the sad reality that federal and state regulatory agencies could not and do not tell prospective franchisees which are the good franchise investments and which are the bad ones. He says most states do not require franchisors to submit to their respective regulatory agencies disclosure documents. He wrote “The […] Customers Favor Greener McDonald’s, Chipotle and StarbucksA Forbes article reported that restaurant chains McDonald’s, Chipotle and Starbucks are starting to source for natural ingredients and promote recycling. These green and environment-friendly measures cost these chains but will likely benefit them through tax breaks and better sales from increased customer loyalty in the long run. Chipotle has prided itself with using antibiotic- and hormone-free, and […] Growing Restaurant Chains Retain Local CultureNot everyone is a fan of franchises. There are some small town locals who fear that their favorite eateries might open new restaurants in other locales and forget about what made them popular in the first place. Local eateries, no doubt, dream of adding to their restaurant, first in the neighboring towns then later through […] Pizza Hut and Wendy’s Top Google’s Most Searched Lists In 2011Fast Casual.com reports the 2011 year-end Zeitgeist List of Google on the top food-and-drink-related searches from the billions of queries typed in Google search. Google analyzed these searches using data from multiple resources and formula to come up with its lists. These were ranked in order of queries with the largest volume on top, except […] Arby’s Pledges $3M to “No Kid Hungry” This YearThe non-profit Arby’s Foundation is the first national fast food restaurant that teamed up with the “No Kid Hungry” campaign of Share Our Strength. Arby’s restaurant launched its “Share Your Good Mood” campaign to raise funds which coincided with the launching of its healthier kid’s meals – Jr. Turkey and Cheese Sandwich and Kraft Macaroni […] |
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