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Franchise News Clips

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

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...

01/13/20

JD Supra - Franchise Disclosure Documents - Updates 2020

It’s the time of year when most franchisors start to think about FDD updates. Under the Federal Trade Commission (FTC) Franchise Rule, the FDD must be updated within 120 days after a franchisor’s fiscal yearend. For franchisors with a fiscal year that ends on December 31, that means that the FDD update should be completed on or before April 30…


Los Angeles Times - Column: They signed a contract on a Papa John’s franchise. Then came the founder’s racist remarks

...Papa John’s was riding high back then. It was the official pizza of the NFL, with legions of devotees, when the Youngs signed on in 2017. But the ink was barely dry on their franchise contract when racially offensive remarks by Papa John founder and Chief Executive John Schnatter turned the pizza chain into a national pariah…


The New York Times - The Surprising History of McDonald’s and the Civil Rights Movement

Say the name McDonald’s, and what comes to mind? Tasty hamburgers or hardened arteries? Entry-level jobs or dead-end McJobs? Responsive community outreach or mercenary corporate power? In “Franchise: The Golden Arches in Black America,” Marcia Chatelain has written a smart and capacious history suggesting that McDonald’s should summon all of those thoughts, and then some...


Forbes - Ready To Franchise Your Business? 13 Questions To Ask Yourself

If your business has grown rapidly and found a lot of success, you may have considered franchising your company. This is a major step that can bring a lot of rewards, but it's not without its challenges. Before you make this leap, you'll want to consider all the potential pros and cons of franchising your company, and what it might mean for your existing business model...

01/06/2020

Forbes - Five Bad Practices That Can Kill Franchise Growth

For every solid strategy developed to achieve measured franchise growth, I'd say there are five times as many ill-advised ways to execute it. Franchisors pursuing new development heights must redirect their focus from the end goal of a sale to the process in place to get there — and in doing so, make sure they are avoiding these five common miscues that keep brands from executing on their growth goals…


Forbes - Six Ways Technology Will Transform Franchise Businesses In 2020

Today, franchising moves at the speed of technology. Tech is baked into nearly every part of franchise operations, helping unit owners track trends, train workers, learn, market to customers and make more sales. Franchising use of technology will continue to advance in the coming year, as the space grows ever more sophisticated and competitive. What’s going on behind the scenes in franchising? Here are the top technology trends that will give tech-savvy franchise brands an edge in the coming year...