Good News - March 2016
The good news: Franchising is experiencing a remarkable growth phase - not only in unit count and system-wide revenue, but also in the number of new and emerging brands. The bad news: It's harder to keep up with all the good news! That's a nice problem to have - and why we've brought back our "Good News" roundup of selected news items on unit growth, investment and financial developments, international expansion news, refranchising, and milestones attained by franchisors large, medium, and emerging. Here's your chance to follow the leaders, every third Tuesday of the month. So if you're not doing it already, send us your good news here.
New Units/Growth/Expansion
Bach to Rock To Open 4 New Schools (CT, GA, NJ, and NY)
Blaze Fast-Fire’d Pizza To Open 5 New Stores in Arizona
Burger 21 Opens 21st Restaurant; 20-Plus More in Development
Chronic Tacos Opens First of 15 in Planned for 2016
Del Taco Inks 6-Unit Deal for Brevard County, Florida
Dickey’s Barbecue Signs 10-Store Deal for Hawaii and Florida
Firenza Pizza Signs 3-Unit Deal for Northern Wisconsin
Genghis Grill Launches Plan To Double Its 86 Locations in 5 Years
Nurse Next Door Signs 26-Franchise Deal with St. Joseph Health System
Paisano’s Pizza Slated To Open 11 New Stores in U.S. and 1 in UAE
Starwood’s Aloft, Element, and Four Point Brands To Open 9 Hotels in Florida
The Halal Guys Sign New Deal for Territories in Chicago, Wisconsin
Tint World To Open 3 More Locations (MS, ID, CA)
Wahlburgers Signs 5 Agreements for 30 Units in 7 States
Big Brands, Big Plans
DineEquity To “Boldly Change” Applebee’s, Remodel 400 IHOPs in 2016
Shoney’s Revitalization Plan Seeks Return to “Glory Days” with Franchising
TGI Fridays Announces Brand Overhaul, Reimaging, Repositioning
Financial/Acquisitions
BIP Capital, Atlanta VC Firm, Launches BIP Franchise Accelerator
Black Bear Diner Receives PE Infusion from PWP Growth Equity
Famous Dave’s Completes Chicago Refranchising with Sale of 7 Units
Fiesta Restaurant Group To Split Off Pollo Tropical and Taco Cabana Brands
Main Post Partners, New PE Firm, Raises $400M, Targets High-Growth Brands
Panda Restaurant Group Invests in Just Salad, YakiYan, Ippudo, and Uncle Testu
NRD Capital Buys 70% Stake in 90-Unit Fuzzy’s Taco Shop
Sun Capital Acquires HuHot Mongolian Grill’s Largest Franchisee (21 Units)
Incentives, Veterans
Great American Cookies, Marble Slab Creamery Parent Unveils Co-Brand Incentive
Pirtek Boosts Veteran Franchise Discount to $15,000
Pizza Patron Waives $20,000 Franchise Fee for Veterans’ First Store
Topper’s Creamery Express Guarantees 100% ROI in Year One ($5,000)
International
Così Inks 5-Unit Master Development Deal for Panama
Dunkin’ Brands Plans Further Expansion in Europe
Kinderdance Expands into “Greek Cyprus”
McDonald’s Enters Kazakhstan in 15-Unit Deal with President’s In-Law
Papa John’s Pizza Opens First Store in Israel in 10-Unit Deal
Red Mango Opens 4th in El Salvador
Tim Hortons Makes Bigger Push Into U.S.
Milestones
Carl’s Jr. To Celebrate 75th Anniversary with Car Restoration, Giveaways
Domino’s Pizza Opens 1,000th Store in India, More on Tap
MAD Greens Opens 20th Unit; Plans 15 to 17 More in 2016
Marco’s Pizza Opens 700th Location; Seeks 1,000 by End-2017
Penn Station East Coast Subs Reaches 300; Plans 25 More in 2016
Pita Pit Notches 600th Opening; Marked 20th Anniversary in 2015
Wayback Burgers Turns 25; Plans Continued International Expansion
New Brands
Blink Fitness Signs First Two Franchisees, Launches New Campaign
Bulk Nation Inks First Multi-Unit Deal for Orlando
Dee-O Gee, Dog and Cat Supply Retailer, Begins Franchising
Fitness Machine Technicians Announces Franchise Opportunities
Safe Homecare, Founded in 2014, Offers Franchises Nationwide
Sliderz Restaurants Begins Franchising; Plans 8 Openings in South Florida
Spenga (a Fitness Boutique) Signs 15 Agreements in First 2 Months of Franchising
People
Bloomin’ Brands Names Mike Kappitt President of Carrabba’s Italian Grill
Froots Founder David Lopez Returns, Along with Former COO Scott Mortier
MOD Pizza Makes 3 Key Leadership Appointments To Support Expansion
Rave Restaurant Group Names Bob Bafundo President of Pizza Inn
Red Robin Names Denny Marie Post President, Stuart Brown to EVP
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