Franchise News Articles For Entrepreneurs & Small Business OwnersUPS 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 […] IFA Gives Veterans Chance to Own FranchisesA new campaign of the IFA, “Operation Enduring Opportunity”, is the franchise industry’s response for President Obama’s call to the private sector to offer returning soldiers business opportunities. This initiative will be implemented through the IFA’s VetFran program which has helped thousands of veterans become franchisees. For its part, Anago Cleaning Systems of Pompano Beach, […] Subway Sandwich Chain Now in 100 CountriesSubway’s chief development officer Don Fertman recounted to Daniel Smith of QSR Magazine his stint in Subway from 1981 when the store had only 166 branches. He credits franchisees’ non-traditional location choices for the global expansion of the sandwich chain. Subway president and cofounder Fred DeLuca, during their annual convention in San Francisco, traced the […] Molly Maid Franchisee SuccessHarry Young blames his corporate background for getting into franchising. He told Entrepreneur.com that his skill is in “growing organizations and hiring the right people” and setting up systems. It is these strategies that Young and his wife, Emelie, credit for the success of the Molly Maid franchise. Molly Maid is reaching $4 million in […] SBA Loan Failures … Atlanta Bread Company is ReboundingAtlanta Bread Co., once one of the fastest-growing franchises in America, has some of its stores closed, AJC.com reports. It is bogged down by problems ranging from location of its stores to legal issues. Jerry Couvaras, Atlanta Bread’s President, agreed that “Atlanta Bread made mistakes”. The company may have grown too fast, causing it to […] Starbucks Create Jobs for USA ProgramHoward Schultz, CEO of Starbucks, will launch a “Create Jobs for USA” program that asks the American public to donate $5 at any of its stores for small businesses. A Pepperdine poll showed that less than 50% of small businesses obtained loans from lending institutions . This lack of credit results in less jobs being created […] Krispy Kreme Credits Social Media for its Sales IncreaseKrispy Kreme Chief Marketing Officer Dwayne Chambers, in a Q & A article that appeared in SmartBlogs.com, says that through social media, Krispy Kreme fans do a lot of the marketing for its products. He says, “From an ROI standpoint, we’re able to use these vehicles that exist now to determine if it fits within […] Arby’s Names New BoardThe President of Arby’s Restaurant Group, Inc., Hala Moddelmog, introduced the new Board of Directors of the ARG Holding Corporation in its Atlanta conference as reported in QSR Magazine. The new Board is led by Jon Luther, formerly of Dunkin Brands, and Sidney Feltenstein, former CEO of Yorkshire Global Restaurants. Moddelmog said that because of […] A Pet Lover’s Formula For Success: Doing What You LoveDoing something you love and at the same time earning from it is the best place to be. Peggy Kennedy is such a lucky person who left her corporate job to do what makes her happy – caring for pets. “Obviously these are people who love pets. Often they come from a job in middle […] Tim Horton’s and NHL Seal Deal for SponsorshipTheStar.com reports that Tim Horton’s has signed up for title sponsorship of the NHL All-Star Game to be held in January 2012 in Ottawa. This will be a great marketing opportunity for the franchise’s doughnut and coffee products. Tim Horton’s will have in-arena signage and their logo at centre ice. It has more than 3,000 […] Research on Veterans and Franchising – Franchisee SatisfactionYahoo! News reports that Franchise Business Review, a national franchise market research firm, has published the Veterans and Franchising 2011, the first known survey on veteran franchisees, particularly on their satisfaction rating compared to non-veterans. “Like non-vets, veterans are looking for good opportunities regardless of industry, and many have the funds to afford a relatively large investment,” […] Creative Learning Corporation Opens its 100th FranchiseCreative Learning Corporation, the company behind Bricks 4 Kidz, achieved its target of 100 franchises 2 months ahead. This company uses LEGO bricks and models to teach children 3-12 years old the basic principles of engineering, architecture and physics. According to Business Wire it now has franchises in 28 states, Puerto Rico and 3 other […] Starting a Business? Consider Buying a FranchiseFranchising, although more expensive initially than starting a new business, is also a most-likely-to-succeed business worth looking into. In a Palm Beach Post article, the IFA Educational Foundation says more than 90 percent of franchises renew their agreements. “With contracts averaging five to seven years, that means the rate of success is much higher than […] McDonald’s Business Practices RecognizedQSR reports that McDonald’s Corporation and its CEO Jim Skinner were honored last month during the 12th Higginbotham Corporate Leadership Award gala. This award follows similar recognition from other award-giving bodies and magazines for the corporation’s “leadership in advancing equal opportunity and diversity “. McDonald’s is now serving 64 million in 118 countries and is […] Papa John’s Franchisee and GE Capital Franchise Financing DealGE Capital, Franchise Finance, specializing in financing restaurants and hospitality industries with over $10 billion assets, has agreed to refinance the existing debt of BAJCO Group, a Papa John’s Pizza franchisee. Papa John’s is the world’s third largest pizza company where BAJCO owns and operates 74 units in various states of America. This news was […] Food Franchise Businesses Thrive in IndiaThe restaurant franchise business is growing in India. Old and traditional restaurants are being transformed into franchising models and are branching out in various parts of the country. Surprisingly, they are keeping up with western brands like McDonald’s and Pizza Hut. BusinessInsider.com reports “local upstarts have begun to attract deep-pocketed financiers in the bid to build nationwide […] |
|
