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Franchise News Clips

A curated list of franchise-related news articles by the FranchiseHelp team

03/23/20

Inside Franchise Business - 5 crucial steps to protect your franchise

You need to protect your franchise. As economic conditions deteriorate and the culture of fear from COVID-19 spikes, Australian franchisors have been sharpening their focus on what they can do to safeguard their businesses financially. If not already in place, the following activities (or tips) should be a priority...


Entrepreneur - Stuck Inside? It Might Be Time to Start on That Dream Project.

...If you are healthy and have found yourself with extra time on your hands, and you’re trying to decide what to do while you’re stuck at home for the foreseeable future, this can be your chance to make that website, write that book or start that business you’ve been thinking about for so long. It could put you on track to fulfilling a dream…


Restaurant Business - McDonald's May Consider Rent Deferrals for its Franchisees

McDonald’s Corp. said early Tuesday that it may defer franchisee rent payments for a time to help them get through a period in which their sales are expected to slump badly as restrictions to stem the spread of coronavirus take hold around the globe. The Chicago-based burger giant said it is working with operators around the world “to evaluate operational flexibility and support financial liquidity (including rent deferrals) during this period of uncertainty.”...


NYPost - Subway franchisees to get fee relief amid coronavirus pandemic

A handful of large fast-food chains, including Subway Restaurants, are reducing the fees they charge their store operators as the coronavirus outbreak grinds restaurant business to a halt. Subway CEO John Chidsey told the chain’s 23,500 locations on Monday night that the Milford, Conn., company will halve its royalty fees this week — from 8 percent to 4 percent. It will also forgo the 4.5 percent of revenue payments it collects from store operators for the advertising budget over the next four weeks, sources said…


The Hill - Franchise group calls for $300 billion in federal assistance

The International Franchise Association (IFA) is asking congressional leadership for the creation of a $300 billion fund to provide liquidity to franchises struggling through the coronavirus pandemic. Up to 393,000 franchise jobs could be lost from a 90-day shutdown, the IFA warned. The U.S. franchising community is comprised of more than 733,000 establishments that employ over 7 million individuals and contribute $674.4 billion to the U.S. economy...


Forbes - Why Franchising Is A Good Option For Older Professionals

...Due to several of these factors, many older professionals are increasingly looking into franchising to extend their careers. They have acquired a vast amount of skills and experience by working in corporate America over the years and possess many qualities coveted by franchisors. Franchising can also give these individuals the perfect bridge from their long-term career to their retirement years…


JD Supra - Franchisor Best Practices for COVID-19

With COVID-19 changing everything we do in our personal and business lives, franchisors are faced with all the same challenges as other businesses, but also several unique twists due to the nature of franchising. Franchising as we know it has changed. Business as we know it has changed. Life as we know it has changed. In some ways those changes will be short term. In other ways, those changes will be more long term. Importantly, we will get through it. Yes, we will get through it. TOGETHER. Now more than ever, LEADERSHIP MATTERS...

03-16-20

JD Supra - Australian franchise law: Franchisor director and manager held personally liable for breaches

On 24 January 2020, the Federal Court of Australia ruled1 on the penalties to apply for a franchisor who had made false representations to its franchisees and prospective franchisees over a number of years – including in pre-contract disclosure documents. The case related to the Geowash car washing franchise…

03/09/20

Franchising.com - Refranchising: A Strategy to Consider for Franchise System Growth

Many franchisors have recently undertaken refranchising programs as a means to grow their businesses and enhance shareholder value. Franchisors with company-owned units may wish to consider this approach for the same reasons. What is refranchising, and is it right for your system? Refranchising can generally be described as the sale of franchisor- or affiliate-owned units to buyers who will operate those businesses under the same system, pursuant to a franchise or license agreement. Such an arrangement can provide substantial benefits to both the franchisor and the franchisee...


Business Observer - Report: Florida remains a top state for franchisors and franchisees

Florida is a fine state for franchisors and franchisees. Franchise-based businesses in the state rank No. 2 nationally in economic output growth, at 5.3%, behind only Texas, at 7.1%, according to new report from the International Franchise Association. Florida’s franchisee business produced an economic output of $63.5 billion in fiscal 2020, up from $60.2 billion in 2019. Texas-based franchises had an output of $74.6 billion, with a growth rate of 7.1%...

03/02/20

Fast Casual - Jon Smith Subs president: 'Millennials are the future of franchising'

Today, more than ever, the appeal of franchising is gaining popularity with millennials. This generation is defined by those born between 1981 and 1996, according to the Pew Research Center. Recently, millennials became the generation that is dominating the U.S. labor force. The growing interest in franchise ownership among this group is due to the almost limitless prospects and opportunities within franchising industries...

02/24/20

Waco Tribune-Herald - Judge awards $3.5 million to Dwyer Franchising in trademark dispute

A federal judge has awarded $3.5 million to a Waco-based international franchise company in a trademark and copyright dispute with an employment company. In U.S. District Judge Alan Albright’s first bench trial since he took office in September 2018, the judge sided with Dwyer Franchising and its subsidiary, ProTradeNet, and issued a permanent injunction to block Predictive Profiles from using any of Dwyer’s trademarked or copyrighted logos or other brands...


Forbes - Franchising At Fifty: Why The Over Fifties Are The New Generation Of Franchisees

Age is just a number. And the numbers show that more and more individuals aged 50 and over are entering the world of self employment, and in particular becoming franchisees. Here in the UK, the UK Office of National Statistics reported that in 2017, more than four out of ten new businesses were started by someone aged 50 or more. In the US, the Kauffman Index Report into the start-up landscape in 2015 concluded that 24 percent of new business founders were aged between 55 and 64 years old, a significant increase from twenty years before when only 15 percent of new businesses were started by members of the same age group. Everything suggests that this figure is continuing to rise...


Forbes - Is Franchising Right For Your Business?

If you’ve thought about scaling your business, you might have wondered whether or not franchising is the right choice. For me, transitioning from a small business owner to a franchisor helped me grow my business and scale much faster than I would have been able to do on my own — all while avoiding the excessive risk of a capital-intensive expansion...


Forbes - How To Build A Franchisor That Is Attractive To Private Equity

There’s more to franchising than the allure of being your own boss and owning your own business. If you’re thinking ahead, you may already be looking at different growth strategies. You might even be eyeing an aggressive expansion strategy for new locations or acquisitions. To do this, you’ll likely need additional capital to make it happen. Many franchises are seeking said capital from private equity (PE) firms, and private equity is happy to oblige...


Forbes - Why Franchise Trade Shows Are Valuable For Franchisors And Franchise Candidates Alike

Amid the increasingly digital-focused franchise discovery process, the face-to-face communication opportunity a franchise show affords can be extremely valuable...


Forbes - Seven Creative Ways To Get Money To Buy A Franchise

...The biggest question franchisees ask: “How am I going to pay for this purchase?”

There are many ways to get money to buy your franchise. Here’s a look at the seven most common ways entrepreneurs fund a franchise purchase. I’ve organized this list by level of risk, from most conservative to riskiest...

02/10/20

Connecticut Patch - Subway Eliminates Around 300 Jobs From Milford Headquarters

Subway announced that it is reducing its headquarters workforce by 300 people Wednesday. The company saw explosive growth for decades, but a few years ago it started to reduce the number of stores. The company faces stiff competition from a plethora of other companies…


Globe Newswire - Franchise Direct’s 12th Annual Top 100 Global Franchises Ranking Is Out

Curious about the many of the world’s biggest and most powerful franchises? Each year, since 2009, Franchise Direct has published its Top 100 Global Franchises Ranking, a snapshot of how a number of the most successful franchises in the world fared in the past year compared to the year before. It’s one of the most well-known franchise rankings, having frequently been cited by industry professionals…


Ranking List - HERE.


QSR Magazine - Millennials and Gen Z Turn to Restaurant Franchising

Atlanta Subway franchisee Chris Williams was just 26 when he purchased his first Subway unit last summer. Less than two years before his store’s grand opening in July, he had been homeless and was living in his car due to financial hardships. In 2018, though, Williams landed a full-time job in Atlanta, and, soon after, began saving to buy a Subway franchise. Only 10 months later, he had amassed enough cash to buy his own store…


Inc.com - Franchising Vs. Entrepreneurship (Differences and How to Succeed)

...This short article breaks down what makes franchising different from traditional entrepreneurship, and how to be successful at it. Whether you're interested in starting a franchise or not, this article will help you understand much of how the process works….


Forbes - Branding For Franchise Success: How To Achieve And Maintain Brand Consistency Across A Franchise Network

...Yes, branding includes all of the graphic and visual elements that represent your business and make you recognizable – the snazzy logo, the colors and the imagery, the snappy tagline. But branding extends far beyond this. It’s the customer experiences and company culture that intertwines everything that your business does. It’s that feeling that people get when they think about your business and product or service, the perception that they have and the reaction that they have to you. Ultimately your brand isn’t you – it’s who your customers think you are…


Tulsa World - D.C. Digest: Congressman Kevin Hern leads opposition to franchise labor bill

First District Congressman Kevin Hern, who owes a good deal of his personal fortune to his involvement in McDonald’s, was among opposition leaders to a bill that would have a big impact on franchise owners and their employees. The Protecting the Right to Organize Act, known as PRO, passed the Democrat-controlled House of Representatives on Thursday with the strong support of organized labor…


Protecting the Right to Organize Act - HERE.


FSR Magazine - Why Full-Service Franchising is Staging a Comeback

...So how does the next generation of casual-dining franchises avoid going the way of so many legacy casual-dining chains? Stay small, true to the surroundings, and perfectly imperfect; and corporatize without becoming corporate…


USA Today - Franchises help African Americans 'level the financial the playing field'

...Black entrepreneurs have thrived in franchising for years and are choosing this route over founding traditional small businesses at a faster rate than the broader population. Government data show a substantial jump in the number of black-owned businesses from 2007 to 2012, from 1.9 million to 2.6 million. Statistics also show that 30.8% of franchise businesses were owned by minorities, while non-franchised businesses have nearly 19% minority ownership...

02/03/2020

Forbes - Undocumented Employees: What Franchise Owners Need To Know About Hiring

Franchising has long been a business sector that welcomes immigrants, both as successful franchise owners and as franchise employees. But more recently, the industry has repeatedly hit the headlines for employing undocumented immigrants…


PR Newswire - Franchise Direct Releases a Look at How Franchises Impact the Economy

Franchise Direct has announced the release of their most recent guide: A Look at How Franchises Impact the Economy. Guide breaks down the United States benefits from the multifaceted franchise industry…


Guide itself - HERE.


Forbes - More Women Are Embracing Franchise Business Ownership, But There's More Work To Be Done

Over the past decade, the number of women venturing into franchise ownership has grown significantly. According to a study commissioned by the International Franchise Association's Franchise Education Foundation, the rate of female-owned franchises grew by around 10% from 2007 to 2012...

01/27/20

ABC Louisville - Eight area Wendy’s and Fazoli’s franchises fined for labor law violations

A franchisee that operates seven Wendy's and one Fazoli's in southern Wisconsin has been fined for violating child labor requirements of the Fair Labor Standards Act…


Franchising.com - CEO Q&A: Are There Any Trends in Your Industry You Foresee Having an Impact on Your Brand?

In each issue of Franchise Update magazine, we profile franchise CEOs and presidents, asking each the same set of questions. Throughout the year, we'll be selecting one of those questions - and providing answers from those profiles...This week's question: Are there any trends in your industry you foresee having an impact on your brand?...


QSR Magazine - How to Add a Fast Casual to Your Franchise Portfolio

A spike in customer demand for food transparency and a greater attention to well-sourced, fresh ingredients led to fast casuals’ rising popularity over the last decade. That trend not only encouraged entrepreneurs to jump into the space, but also influenced quick-serve franchisees who are complementing their portfolios with fast-casual brands…


Puget Sound Business Journal - Four things an entrepreneur should know about franchising

...Purchasing a franchise is a major investment so it is important to make an informed decision. Zeeks Pizza Executive Vice President Greg McClure offers reasons an entrepreneur should consider a franchise...

01/20/2020

Reuters - U.S. makes it harder to sue corporations over franchise wage law violations

The Trump administration has made it harder for employees of fast-food restaurants or other big franchises to sue corporations when individual franchise owners violate wage laws, a step that was a top priority for business groups…


JD Supra - Department of Labor Clarifies that Franchising Does Not Make Joint-Employer Status More Likely under FLSA

On January 12, 2020, the U.S. Department of Labor announced a final rule that updates its regulations interpreting when multiple entities can be held liable as “joint employers” for wage-and-hour violations under the Fair Labor Standards Act (“FLSA”). Because franchisors frequently face claims that they should be jointly liable to franchisees’ employees for franchisees’ alleged FLSA violations, franchisors should welcome the Labor Department’s final rule…


Entrepreneur - Why Millennials Make Great Franchisees -- And How to Recruit Them

An increasing amount of franchises are starting to realize the power of youth, and working to attract young and hungry franchisees...


Entrepreneur - How Franchisees and Franchisors Can Master Their Relationship

In the world of business, the relationship between a franchisor and a franchisee is indisputably unique. Some liken it to a partnership, but in fact, it’s nothing of the sort. In a partnership, interests of both parties are directly aligned. And while the best franchise systems work to actively align franchisor and franchisee goals, at the end of the day, the franchisor’s financial interests are met by increasing franchisee revenues, while a franchisee’s interests are met by increasing profits...