Franchise Incentive Programs On The Rise
Company Added
Company Removed
Apply to Request List

Franchise Incentive Programs On The Rise

Franchise Incentive Programs On The Rise

Fazoli's and Denny's are just two brands that are working to make operations easier for franchisees during the difficult times brought on by the Covid-19 pandemic.

Last week, Fazoli's announced a conversion program featuring zero down payment, zero franchise fees, and zero royalty fees for the first year. Under the plan, franchisees can sign a short five-year term, versus the typical 15-year commitment. The move is meant to encourage challenged QSR or fast-casual restaurant operators to convert their existing shells into a Fazoli's. The QSR brand has relaxed many of its conversion requirements so operators can get a 2,000- to 3,500-square-foot restaurant open for less than $350,000.

"This is the first time in our brand's history that we have ever launched a program this aggressive," said Fazoli's CEO Carl Howard. "With this program, we are providing a low-risk, fast-track path to become part of the Fazoli's Franchise Family."

Meanwhile, Denny's has announced it is waiving $3 million in royalty fees this quarter in an effort to help franchisees make it through the pandemic. The brand has also negotiated rent abatements and deferrals for 77% of its locations, passing along the benefits where its sites are sub-leased to franchisees.

The family dining brand says 99% of its franchisees have received federal assistance loans through the Paycheck Protection Program. More than 1,200 locations have resumed dine-in service but most of those are operating at 60% or less of their pre-Covid-19 seating capacities.

Published: June 24th, 2020

Share this Feature

UBreakiFix
SPONSORED CONTENT
UBreakiFix
SPONSORED CONTENT
UBreakiFix
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Blaze Pizza
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

American Family Care
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
APR 6-9TH, 2021

Join one of the fastest growing businesses with the most proven and complete opportunity, in one of the fastest growing franchise industries.
Cash Required:
$1,000,000
Loyalty Business Services offers an umbrella of professional services individually tailored to address small business’s challenges and...
Cash Required:
$50,000
Request Info

Share This Page

Subscribe to Multi-Unit Franchisee Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2020.
All Rights Reserved.