Franchise Articles
Browse our selection of franchise articles and features to help further your knowledge in opening and operating a franchise business. Our exclusive features cover the franchise growth, operations, legal, leadership, marketing, real estate, and technology site of the franchise business. Written by the editorial team that produces Franchise Update Magazine and Multi-Unit Franchisee Magazine, the franchise industries premier magazines.
Most people would trade their day job anytime for Bob Stucker's problem a few years back: "I retired too young."
- Kerry Pipes & Eddy Goldberg
- 4,912 Reads 11 Shares
Becoming a "Mega Franchisee" is a high-risk, high-reward endeavor. For a third year, Area Developer has measured and highlighted those franchisees bold enough, smart enough - and fortunate enough - to succeed in the rapidly growing and lucrative market of multiunit and multi-concept development.
- Kerry Pipes & Eddy Goldberg
- 5,537 Reads 1,023 Shares
Financing is the lifeblood of expansion for franchisors and multiunit owners alike. Whether for advertising and marketing to sell additional franchises, or whether to remodel or build more company stores, without financing there is no growth and development. And, despite the rapid growth of new concepts and new units in the aftermath of the dot.com crash in 2000 and 2001, many forecasts of the economic climate and its effect on business growth in 2008 range from gloomy to dim--especially when it comes to credit and lending.
- Eddy Goldberg
- 3,575 Reads 1,014 Shares
My first entry into the franchise business was in 1986 when I acquired 24 Dairy Queen restaurants in Texas. In less than a year, I was up to 55 stores and had become one of the largest franchisees in the entire Dairy Queen system. I had more credit than sense.
- Bill Hall
- 3,470 Reads 3 Shares
Conventional wisdom would say the best franchise operators are individuals with past business experience - or even better, previous franchising experience. But that may not be the case any longer. A youth movement is under way in the world of multiunit franchising.
- Kerry Pipes
- 6,010 Reads 98 Shares
Season's Greetings! As we all wind down the old year and ring in the new, franchising.com has a New Year's resolution of our own for 2008: to be your premier franchising resource. Not only for the analysis and profiles we've brought you over the years, but also for the timely news and events you need to keep informed of the most current, up-to-the-minute developments in the world of franchising.
- Eddy Goldberg
- 2,045 Reads 2 Shares
A really hard job for any franchise company's tech department is coordinating all the different systems in franchisee locations. As everyone gets more and more dependent on standardized machines and programs, it's easy to think that the basics are taken care of.
- Ripley Hotch
- 3,087 Reads 5 Shares
Unfortunately, few multiple-unit franchisees or managers fully understand working capital, how important it is for every business, how it is measured, or how to obtain needed working capital.
- Mark E. Battersby
- 5,427 Reads 2 Shares
There’s probably not a bigger franchise opportunity in America...literally. Weight loss franchises not only help individuals change their lives, live longer, and more healthfully, but also offer high earning potential for franchisees who are interested in a piece of the $46 billion weight loss franchise industry.
- Kerry Pipes
- 2,175 Reads 3 Shares
Even experienced area developers can get emotional about locations, says Jeremy Behar, president and CEO of Cirrus Tenant Services, a Toronto-based company specializing in real estate negotiations for various businesses, including franchises. As a consequence, he says, "They will do what it takes to sign the deal and get it done."
- Ripley Hotch
- 3,374 Reads 3 Shares
Sit-down restaurants, also known as casual restaurants, have re-established themselves in the world of franchising - a world more often associated with such fast-food standards as McDonald's, Burger King, Wendy's, KFC, Taco Bell, and Subway, for example.
- Eddy Goldberg
- 2,768 Reads 49 Shares
A number of franchises now reaching a middle stage of life are facing issues they never anticipated when they first started selling franchises.
- Ripley Hotch
- 3,124 Reads 13 Shares
When was the last time you made an honest assessment of who you have in the most important "chairs" of your operation? Your front-line staff single-handedly sets the tone of your customer service and "packages" your performance day to day. Is your packaging attracting or distracting? Does it gather customers, or chase them away?
- Gloria Plaisted
- 3,247 Reads 5 Shares
Today's business environment is filled with incentives to move toward a paperless office, especially considering the ease and low cost involved in storing and sharing electronic data when compared with paper.
- Dawn Newton
- 3,003 Reads 8 Shares
We all know to expect death and taxes, but tenants can add one more thing to that list: lease renewals.
A lease begins to expire the day it's signed. Yet, how often have you found yourself scrambling to negotiate a renewal in the last couple of months or weeks before the last day? If you're waiting until the last minute to make the critical decision about renewing, and on what terms, you're clearly not dealing from a position of strength.
- Jeremy Behar
- 5,501 Reads 259 Shares
The year's fourth quarter marks the anniversary of my start in the investment management business many, many years ago. It also happens to coincide with the time of year my three kids go back to school.
- Carol Clark
- 2,952 Reads 1 Shares
How Do I Know? Multiunit franchising offers benefits - and risks - but it's a method of franchising that can be fruitful
- Kerry Pipes
- 2,629 Reads 4 Shares
When native San Franciscan Ellen Hui left a career in banking in 1989 to take on her first Popeyes Chicken and Biscuits restaurant, she experienced a big culture shock.
- Debbie Selinsky
- 4,611 Reads 2 Shares
Until he hit 40, Rick Guerra ran hotels and restaurants "making a lot of money for other people," he says.
- Debbie Selinsky
- 3,535 Reads 15 Shares
Subway continues to sizzle as one of the hottest franchises going. For the 15th time in the last 20 years, Entrepreneur magazine's annual Franchise 500 rankings have listed Subway as the number-one franchise opportunity. For perspective, when the chain was first named to the list in 1988, it had about 4,000 locations. Today, the chain operates 27,732 shops in 86 countries (as of June 2007).
- Kerry Pipes
- 4,099 Reads 40 Shares
Originally published in Area Developer Issue III, 2007, The AD 50 highlights the largest multi-unit franchise companies who support multi-unit franchising.
- Area Developer Magazine
- 6,135 Reads 1 Shares
Ed Doherty has been pushing the envelope on growing a business packed with different franchises - lots of them. To date, they include Applebee's (51), Panera Breads (15), Chevys Fresh Mex (3), and an original concept, the Shannon Rose Irish Pub (1), in New Jersey. And ahead on the menu are the 20 El Pollo Loco locations he's developing in New Jersey.
- John Carroll
- 5,650 Reads 1 Shares
I remember the first budget I ever did for a business - for a newsroom where the previous year’s budget had been about $3 million (and 30 years ago, that was some real money). The boss just handed the spreadsheets to me and said, “We need this in a couple of days.â€
- Ripley Hotch
- 3,355 Reads 1 Shares
Remember pulling up to the Jack in the Box drive-thru in the 1970s and placing your order through an over-sized talking Jack head where the voice on the other end sounded like a grown up from a Charlie Brown cartoon. You had no idea what the person on the other end was saying or how your order would turn out. Times have changed and the evolution of technology in the fast food industry is picking up the pace - and making the fast food arena one full of strong franchise opportunities.
- Kerry Pipes
- 33,542 Reads 7 Shares
A great customer experience matters. A lot. More than ever. Why?
For one thing, because there are a lot of coffee chains in the world. Comedian Dennis Miller has a rant about how Starbucks has started opening Starbucks stores inside existing Starbucks stores. Well, it's funnier when he says it.
- Jack Mackey
- 4,947 Reads 1,014 Shares
What is the most important buying decision you'll ever make? When you choose a new site? Buy category management software? Invest in a hot new concept? Does something else come to mind?
- Mel Kleiman
- 3,020 Reads
In 2005, Mike Scruggs, Sr., was senior vice president of global operations at Little Caesar Enterprises, Inc. in Detroit. A year later, he was a Little Caesars franchisee operating two stores with his wife, Deb, and his son, Mike II, in Colorado Springs. By April 2007, he'd opened his fifth restaurant. Today he has plans for more, lots more!
- Eddy Goldberg
- 7,307 Reads 1,014 Shares
I have a friend near my age who is fond of saying "We've outlived our time." That means the modern world seems ruder, faster, and more complicated than when we used to pick up the phone and tell the operator, "I'd like Forest 2729." We really did.
- Ripley Hotch
- 3,613 Reads 1,014 Shares
Originally printed in Area Developer Issue I 2007, the 2007 Mega 99 rankings highlight the Top 99 Multi-Unit Operates broken down by brands operated and by industry.
- Area Developer Magazine
- 6,594 Reads 1,023 Shares
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