Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!

Franchise News Clips

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

05/18/20

Small Business Trends - Pros and Cons of Franchising (As a Buyer)

Buying a franchise is potentially a very profitable way of owning your own business. The franchisor can’t guarantee the franchise business owner will be successful. But studies of the franchise business model have proven franchisees are more likely to be successful than if they had started a business on their own...

05/11/20

JD Supra - Post-COVID Opportunities and Legal Considerations to Franchise Resale

...While this ongoing crisis is causing hardship all around, franchise systems will eventually recover. This will undoubtedly present opportunities for existing and prospective franchisees interested in buying or selling franchise units amidst recovery from this difficult period…


Forbes - Reopening For Business: Opportunities For Franchisors And Franchisees As They Lead The Comeback

...Franchisors are keenly aware of these challenges, and have the opportunity to provide critical leadership, support, communication and information to help franchisees navigate this changing environment. Here are some of the key issues for franchisors when helping franchisees reopen – some may call it making a comeback…


Entrepreneur - What Will Franchising Look Like After the Recession?

In franchising, most companies know how to prepare for seasonality, employee turnover and economic downturns. But no franchise systems have had to face the breadth and depth of the economic impacts of our current and uncertain times. The good news? Franchise sales will rebound eventually, and given an extended, months-long lead-to-sale timeframe, franchisors can start preparing their organizations and ramping up their lead generation efforts right now...

05/04/20

Entrepreneur - Creative and Practical Steps for Franchises to Survive the COVID-19 Crisis

...Challenging as these times are, there are several concrete steps that franchise owners can take to help survive the current environment. For starters, right now is a great time for franchisees to go through their P&L statement with a fine-tooth comb and look for any non-essential services that they don’t need or can cut…


Forbes - Five Positive Impacts The Pandemic Has Had On Franchising

With nearly a million franchise establishments in the U.S., COVID-19’s impact on franchising has been huge, and not just in negative ways. Franchising has already seen many positives come out of the crisis. Optimists by nature, franchise leaders have moved mountains in record time to keep their businesses alive and to support their franchisees. Many have innovated and discovered better ways of doing things. New concepts and ideas have emerged. The franchise community has stood up to help each other and the heroes on the front lines. In the coming months, we will surely see even more positive changes, but the following have already become clear...

04/20/20

PR Newswire - The International Franchise Expo Goes Online, Announces Live Virtual Show May 28-30

In addition to announcing rescheduled dates for the highly anticipated International Franchise Expo (IFE) now set to take place October 1-3 at the Javits Center in New York City, IFE is unveiling its first-ever virtual, online event May 28-30 in an effort bring together the world's franchise community amid COVID-19...


Entrepreneur - Buying a Franchise Post-Pandemic

...The economy needs commerce, and workers need jobs. Franchise ownership is a big part of that. As an industry that typically employs more than nine million people in the U.S. alone, we need franchise businesses up and running as quickly as possible...

04/13/20

Forbes - How To Avoid Buying The Wrong Franchise

...Just like with real estate agents, the franchise consultant's services are free to franchise buyers. Franchisors happily pay the consultant's commission for delivering the best-suited candidates. Here are five tips to help franchise buyers make the right choice, and how an expert can help...


Forbes - Which Types Of Coronavirus Relief Can My Small Business Get?

Small business owners, help is on the way—though the process of applying for funding may not be smooth. There are now several new temporary relief options aimed at helping small businesses push through the current economic headwinds caused by the coronavirus...

04/06/20

Entrepreneur - In Times of Uncertainty, Look for These 4 Signs of Stability in a Franchise

You can’t predict the next recession or natural disaster. But the good news is, as a prospective business owner, you do have some control—there are specific things you can look for in your next business venture that signify stability, starting with a franchise and choosing one that’s ready to withstand almost anything…


PR Newswire - National FranConnect Survey Shows 65% of Franchisors Continue Proactive Franchise Sales Efforts Despite COVID-19 Crisis

In a March 2020 online survey, FranConnect, the leading provider of franchise management platform solutions, found approximately two-thirds of franchisors are actively moving forward with franchise sales efforts despite the paralyzing impact of the COVID-19 crisis in anticipation of an influx of Americans looking for business opportunities as unemployment soars…


Vox - The stimulus’s $349 billion program to pay workers at struggling small businesses, explained

...But bigger than either of those programs in dollar terms is the Paycheck Protection Program (PPP) the stimulus package creates. That program, costing about $349 billion, offers loan guarantees for small businesses, offered through the Small Business Administration (SBA) and its partner banks…


Forbes - UPDATED: Franchise Registration States Accommodate An Industry Impacted By Coronavirus

...In response to this monumental disruption to business, a several states have already begun releasing updated guidelines for franchise registrations and renewals in the hopes to mitigate the impact that this pandemic has had on franchisors. These new policies include the pushback of some deadlines and changes to the form of application submissions to the state. Below we have listed the new policies put into effect as of April 2, 2020...

03/30/20

Forbes - Franchise Registration States Attempt To Accommodate An Industry Impacted By Coronavirus

As the COVID-19 pandemic has put businesses in unprecedented situations, companies are forced to adapt and modify their operations. In response to this monumental disruption to business, a several states have already begun releasing updated guidelines for franchise registrations and renewals in the hopes to mitigate the impact that this pandemic has had on franchisors…


Forbes - CARES Act To The Rescue… Phase 3 Coronavirus Bill Cares About Small And Midsize Businesses, Franchisors And Franchisees

On March 27, 2020 , after many sectors of the economy have come to a virtual stand-still and millions of Americans have filed for unemployment as a result of the novel coronavirus (COVID-19) pandemic, the United States Congress passed, and President Trump signed, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)...

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…