07/22/2019
Venture X®, a global shared workspace franchise, announced today the company has joined the Global Workspace Association. The Global Workspace Association (GWA) is a connection-based resource for shared space operators, workplace strategists, real estate investors and service providers to stay connected, current and competitive. Having Venture X join the GWA positions the brand with industry peers and provides additional industry resources to Venture X's network of franchisees...
07/15/2019
When private equity firm Trilantic North America acquired Home Franchise Concepts in late 2015 it was the first outside ownership for the parent of Budget Blinds. The ensuing three-and-a-half years brought the implementation of growth and marketing initiatives “at a dizzying speed,” says Shirin Behzadi, CEO of the company that also franchises Tailored Living, Concrete Craft and, most recently, AdvantaClean…
Franchising is often a misunderstood area for the uninitiated. Potential new franchisees are often naïve about what to expect from a franchise and the rules governing franchising as a whole. Here, we examine some of those misconceived myths and lay them to rest...
07/01/2019
Franchise brands inbound to Australia will find a smaller but well-established franchise market. Peter Buckingham, MD of Spectrum Analysis Australia, tells you what to expect…
The relationship between franchising and private equity is a complex one that only continues to pick up steam in our industry. As more and more franchisors explore private equity investments as a growth vehicle, it’s worthwhile to explore what these relationships actually entail…
All industries will experience a downturn at some point. It's important for franchisors to know how to help their franchisees when they are struggling. Providing good support, especially for training and marketing, can help franchisees combat lower sales. Leadership and communication from the franchisor also are key to surviving an industry downturn...
06/24/2019
For all the clever titles in business—from chief happiness officers to chief troublemakers—the one your brand actually needs is a chief sustainability officer. There are more than 300,000 franchise locations in the U.S., which means franchising can make an enormous positive impact if brands take major steps to improve the sustainability of their locations…
In its first-ever, multi-brand international agreement, Xponential Fitness, the largest curator of boutique fitness brands in the world, will now have an extensive presence in the Middle East. The company announced today the signing of a Master Franchise Agreement for Saudi Arabia – a development which will bring more than 50 Xponential Fitness studios to the country over the next three years…
To reach 30 years in business with a family-owned operation is an accomplishment worth celebrating. Derek and Louise Mercer have just reached the 30-year mark for their Minuteman Press printing franchise located at 1171 Brittmoore Road in Houston and have no signs of slowing down…
The first decision came from the Supreme Court of California in Dynamex Operations West, Inc. v. Superior Court, 4 Cal. 5th 903, 416 P.3d 1 (2018), and addressed when an individual should be properly classified as an “employee” or an “independent contractor” (of critical importance in franchising since virtually every franchisee is an independent contractor of its franchisor)...
