Franchise Help
 Free Newsletter Sign Up    HOME | ABOUT US | CONTACT | SITE MAP | MY SHOPPING CART    

Become a Member
My Account Login
Free Franchise Newsletter Signup
Archive Franchise Newsletter Search
Current Franchise Newsletter
Franchise Product Store
  - Franchise Disclosure Document
  - Research
My Shopping Cart
Franchise Directory
Newly Listed Franchises
Best Franchise Opportunities
Featured Franchise
Franchise Supplier Directory
Newly Listed Franchise Suppliers
Best Franchise Supplier Opportunities
Featured Franchise Supplier
Public Franchise Companies
Franchise Show Schedule
Franchise Quiz

May 2007
Volume 8, Issue 5, Part 2

Publisher: Mary E. Tomzack
Editor: Lynie Arden
Assistant Editor: Vanessa Goldschneider
Design: Halit Rugova

May:
Thanks to our Troops, past and present.

An Irreverent Look at Our Nations' Newspapers

1. The *Wall Street Journal* is read by the people who run the country

2. The *Washington Post* is read by people who think they run the country

Click Here For More

In this issue...

Street Smarts:

Tips for Getting the Most Out of Trade Shows.
Industry Focus:

One-of-a-Kind Franchises.
Guest Column:

What's The Big Secret?.


Tips for Getting the Most Out of Trade Shows

Last time we gave you tips for getting the most out of your next exhibition at a franchise show. But what about trade shows? In some cases, they are more suitable for selling franchises. Trade shows aren't looking to attract franchise buyers, they're focusing instead on attracting target audience. That target market could be your franchise company's industry. The National Restaurant Association Show, for example, would be an ideal event for showcasing a restaurant franchise. However, there are distinct differences between franchise expos and industry trade shows. The following tips are specifically geared for trade show exhibitions.

First, make sure the trade show you have in mind is a good fit for your franchise concept. All trade shows do a great job of tracking the kind of information that will help you evaluate if the audience is indeed your target market.

Trade shows often draw a national or even an international crowd. Instead of weekends, they are often held during the week. And instead of lingering after the show, attendees are eager to go home at the end. Any meetings, seminars, or receptions should be scheduled as early in the show as possible.

Industry shows are often large. Some have thousands of exhibitors. To get noticed, start advertising in appropriate trade publications several months in advance. "Come visit us in Booth #___" will help ensure your prospects will seek you out rather than get lost in the sea of activity.

Trade shows tend to be a better match for franchise concepts that require a larger initial investment. The general rule of thumb is franchise expos work best when the investment requirement is less than $250,000.

You can sell a franchise during a franchise expo. Not so at a trade show. Trade shows are about lead generation, not sales. Your goal should be meeting and qualifying new prospects and building rapport. There's a lot of traffic at a trade show, which represents an opportunity to attract many new prospects.

Bring a bigger team to a trade show than you would a franchise expo. Because of the larger attendance, you'll need more manpower. The cost will go up, of course, but the cost-per-lead and cost-per-sale should go down.

Industry Focus

One-of-a-Kind Franchises


Company: Adam & Eve
Units: 40
Startup costs: $200k
Franchise fee: $30K
Address/phone: 302 Meadowland Dr., Hillsborough, NC 27278
Phone: (919)644-8100
Website: www.adamevestores.com
In business:
1970
Franchising since: 2003

In the last issue, we introduced you to a couple of franchise companies with very unique concepts. In this issue, we continue our look at one-of-a-kind franchises.

Adam & Eve stores provide a safe and inviting couples-oriented, female-friendly environment to explore romance and erotica. The stores aim to have something for the sensualists in all of us with everything from lingerie to bachelor and bachelorette gifts and instructional manuals to games designed specifically to re-ignite the spark in long-term relationships. Back in 1969, Adam & Eve made history as the first adult mail order business in America. Over 35 years and 4 million customers later, the company is a pioneer once again. It is the first (and still the only) franchise in the adult store industry.

Marcus Goswick, Operations Manager of the Franchise Division, says, "These types of stores are typically either corporately or individually owned. There are some unique issues involved that make it a little more challenging to franchise than traditional businesses. Mainly, there are preconceived notions to overcome. It's kind of interesting that everybody uses sex to sell, but when you attempt to use sex to sell sex, there are problems. So we usually take the high road and try to be very classy in our presentation. Our stores reflect that. We feel if we can provide a comfortable environment for women to shop in, then everyone will be comfortable."

Finding a location is another challenge. Goswick says, "Whenever we deal with landlords and site selection, there are legal issues with zoning. The biggest challenges have been specifically related to finding locations and finding landlords that are willing to deal with us. But we feel very comfortable in our ability to get a franchisee open in 90 days."


Company: L & W Investigations
Units: 37 U.S, 2 International
Startup costs: $105k
Franchise fee: $100K
Address/phone: 3140 Red Hill Ave., #270, Costa Mesa, CA 92626
Phone: (714)979-0707
Website: www.lwinvestigation.com
In business:
2002
Franchising since: 2002

L & W Investigations is the first franchise opportunity in the U.S. to focus on private investigations specializing in all types of insurance fraud. It's a bit surprising when you consider that insurance fraud is an $80 billion crime wave. Scott Crowell, VP and part owner, says, "The investigation industry is extremely fragmented due to the number of retired law enforcement people in the business. Most are mom and pop operations. No one has ever stepped up and built a network like ours. We implemented a standardized program so insurance companies can have a one-stop shop for their cases throughout the country."

"We have another secret ingredient," says Crowell. "Law enforcement people are very good at field operations, but they really lack business acumen. Over 90% of our franchise owners come from corporate executive level positions. They have no investigative background. We're working with billion dollar insurance companies. We need people with the business skills necessary to manage a team of highly skilled investigators while being fiscally responsible. The typical retired law enforcement guy has never managed people, never run an office, hates being in front of his computer and on the phone, doesn't know what customer service means, and all he wants is to be out investigating. We'll certainly want that guy for investigations, but we need a business guy running the business. We have national accounts and if the guy running the Chicago office screws up our Delta Airlines account, everybody is going to suffer. There aren't many executive style white-collar type franchises. Our program is very much targeted toward the executive."


What's The Big Secret?
By: David Handler

Part I of II

"The secret is the answer to all that has been, all that is and all that will be." - Ralph Waldo Emerson

A lot of the big name talk show hosts - the Oprah/Ellen crowd - devoted air time recently to The Secret, the book and video that sit atop The New York Times and Amazon bestsellers list. So what is this media phenomenon that claims to have "traveled through the centuries to reach you"?

It's a great marketing idea in creative packaging. As The Da Vinci Code made Dan Brown a rich man, The Secret is creating über wealth for author Rhonda Byrne. My advice: save yourself $20, or spend your summer reading Harry Potter and the Deathly Hallows instead.

The big secret of The Secret is to introduce the masses to The Law of Attraction (LOA), which has, indeed, existed in relative obscurity for centuries. You previously may have come across its half-sister: The Power Of Positive Thinking. However, equating positive thinking to attraction is like comparing Larry The Cable Guy to Larry King. Positive thinking is based on self-hypnosis, daily affirmation and avoiding negativity. LOA is about intention, trust and allowing. Put another way, you attract into your life people and things that are aligned with your thoughts and beliefs.

Critics dismiss LOA because they struggle to believe that when a person identifies his or her true desires then exactly what they want appears. I fully understand their skepticism…because I was right there with them 18 months ago, setting out on a mission to prove LOA a myth - just a bunch of new age gobbledygook.

However, in researching The Law Of Attraction from religious, scientific and business perspectives, I discovered that many legendary thinkers understood its ability to manifest desired results. Buddha, Albert Einstein and Henry Ford are among those who realized that clear intention is the essential element of success. Consider me a convert.

Next time: The Law Of Attraction and the future of franchising.

David Handler is the founder of Success Handler, LLC, and previously served as a senior executive at ICED. He leads franchisors and franchisees to explore their professional and personal dreams. To unleash attraction in your life, send an e-mail to coach@successhandler.com or visit www.successhandler.com

Mexican Flavors Reach Mainstream at QSRs

Larger numbers of burger, chicken and other quick-service operations in the fast-food mainstream are adding south of the border spice to their menus. Chipolte and polano peppers, spicy beans, cilantro and all kinds of salsa are becoming commonplace at most of the major burger chains and at submarine sandwich and bakery concepts. Even the Kentucky origins of the KFC brands are being back-burnered at nearly 300 of that chain's Southern California outlets to feature a new Grilled Mexi Bowl item containing Mexican-style rice, jalapeno pinto beans and pico de gallo relish. From Dairy Queen to Quiznos Sub, such ingredients are appearing in everything from breakfast burritos to spicy salad dressings to burger and chicken sandwich condiments.

According to Nation's Restaurant News research, at least 52 percent of quick-service chains offer Mexican-style menu items. The study also found that nearly 60 percent of restaurants of all types plan to increase the number of Mexican items. The growth of the Latino population and the year-round availability of authentic ingredients from Mexico and elsewhere in Latin America are making the offering of such dishes both more essential and practical. Additionally, cravings for spicier foods are evident across all demographic groups nationwide. (Nation's Restaurant News, 5/21/2007)

Kahala-Cold Stone Purchases Blimpie

Kahala-Cold Stone, the newly formed company created from the merger of multiconcept operator Kahala Corp and ice cream chain Cold Stone Creamery , has acquired the assets of New York-based Blimpie Associates and Metropolitan Blimpie, a wholly independent franchisor and operator of the Blimpie concept. Kahala, which already owns and operates the 1,300-unit Blimpie International, acquired the 295-unit New York company for an undisclosed sum. Blimpie Associates owns the franchise rights for New York City, Maryland, Pennsylvania and parts of New Jersey. Blimpie International owns the rights for the rest of the United States. Kahala Cold Stone said the unification of the two Blimpie concepts will enable the company to consolidate all purchasing, marketing and training programs. The 4,600-unit multibrand company said it also will step up expansion of the quick-service chain, particularly in the international arena. (Nation's Restaurant News, 5/18/2007)

Big Bucks for a Holiday Inn


A Holiday Inn Express in Nashville, Tennessee has sold for $39.25 million, only 4 ½ years after Montclair Hotel Investors Inc. bought it for $8.4 million. Montclair said the sale to Birchmont Capital Advisors LLC of Los Angeles may be the biggest ever for a Holiday Inn Express, at $137,000 per room. In comparison, Highland Hospitality Corp. bought the Renaissance Hotel for $77 million or $114,000 per room in February 2006.

Birchmont is a privately-held company that invests in real estate. The company's last acquisition was 1,101 multifamily units in Dallas, Texas and 282 multifamily units in Amarillo, Texas, purchased in joint venture with JRK Asset Management of Los Angeles for $48.5 million. Montclair, based in suburban Chicago, is a hotel investment and management company. The company owns 16 hotels in California, Illinois, Washington, Minnesota and Wisconsin. (Nashville Business Journal, 5/11/2007)

Wendy's Upgrades Coffee

Wendy's plans to follow the lead of its rivals by introducing a new proprietary line of upscale coffees. The chain said the new array will be a key component of its breakfast menu, which is currently in widespread tests in anticipation of a rollout starting later this year. Franchisor Wendy's International said its new coffees will be marketed as Wendy's Custom Bean by Folgers Gourmet Selections. Initially, the new brews will be offered throughout the day at 20 to 30 percent of the North American restaurants that intend to start serving breakfast by the end of 2007.

With this move, Wendy's joins its major burger chain competitors that are continuing to upgrade their coffee programs. Burger King has dubbed its new brew BK Joe and McDonald's has attributed a significant portion of its sales growth to the rollout of its new McCafe coffee. Kerrii Anderson, Wendy's chief executive and president, said the goal is to make Wendy's a destination for coffee and expects the upgrade to help attract new customers and positively impact store margins. (Nation's Restaurant News, 5/18/2007)

KFC Testing New Menus and Hours

KFC Corp. is testing milkshakes, grilled chicken and late-night hours at its U.S. restaurants as part of a move to boost domestic sales. The fast-food chain's traditional chicken-on-the-bone offerings - Original Recipe and Extra Crispy - are both fried. The chain believes the grilled menu items will appeal to women, health-conscious consumers and anyone else who wants an alternative to fried chicken.

The late-night hours have been tested in New York City and will be expanded to other markets. Most KFC stores now stay open until 10pm and stores that stay open from midnight or later will offer a trimmed-down menu and drive-through service only during the late hours. The addition of milkshakes to the menu is part of an effort to create "destination" drinks and desserts at Yum restaurants, which also include Pizza Hut, Long John Silver's and A&W All American Food. The KFC shakes, called Avalanche, cost $1.99 and come in two flavors: Old Fashioned Vanilla and Chocolate Dream. A decision about national rollout will most likely be made by the end of this year. (The Courier Journal, 5/3/2007)

Smaller Ramada Shifts Focus on Quality

After a brand repositioning over the past three years, Ramada is poised to see positive room growth in 2007. According to company officials, with the acquisition of international rights and brand improvements, the hotel chain is seeing performance gains. Revenue per available room in the last 24 to 36 months increased faster than the midscale-with-food-and-beverage segment month after month.

After removing about 30,000 rooms from the system, the brand is ready to grow with quality. Additional improvements to the now smaller Ramada system will continue to be made including more emphasis on service, cleanliness, product quality and training. The portfolio is made up of about 600 properties in the United States, 70 in Canada and 200 internationally. (Hotel & Motel Management, 5/7/2007)








  PRIVACY POLICY | DISCLAIMER ©2004 - 2008 Franchise Help. All Rights Reserved.