Informative Food franchise articles to support business buyers, franchisees, and franchisors.
Let's face it. From a franchisee's perspective, the single most important piece of information to gather during the sales process is the likely return on investment. Any franchise salesperson will tell you that the most frequently asked questions by prospective franchisees during the sales process are: "How much can I make?" and "What do similar units earn?"
- Lane Fisher and Rocco Fiorentino
- 3,818 Reads 6 Shares
Chew on the numbers presented in this article and consider the implications for you and your organization from the perspective of your customers and employees--the people you hire and the people you sell to. You will see great numbers to keep in mind when positioning your company, looking for your next location, and developing your next marketing push.
- Mauricio Velasquez
- 4,359 Reads 3 Shares
For many years--like the ancient bones of "Lucy" discovered by Donald Johanson in 1974 and long thought to be mankind's first ancestor--Albert Singer, who founded the Singer Sewing Machine Company in 1851, has been credited with being the first franchisor in the United States. The designation was likely given because his was the most recognized name of the early pioneers that people still remembered.
- Michael Seid
- 28,269 Reads 26 Shares
Big money, in the form of private equity, is finding a home in franchising, and bringing big promise to area developers and multi-unit operators-and to franchisors and franchise executives as well.
- 5,148 Reads 1 Shares
What's the outlook for franchise finance in 2006? [i]Area Developer[/i] asked several industry veterans for their take on who's financing area developers and multi-unit operators today.
- Eddy Goldberg
- 3,860 Reads 7 Shares
Smoothie and juice franchises are healthy and hot. "Juice and smoothies, including juice and smoothie bars, frozen dessert stores, and the mix segment, are forecasted to be approximately $2 billion in retail sales for 2006," says Dan Titus, president of Juice Gallery Multimedia, a consulting and publishing company concentrating on the needs of juice bars and restaurant start-ups.
- 2,439 Reads 30 Shares
Chew on these numbers and take into consideration the implications for you and your organization from the perspective of your customers and your employees - who you hire and whom you sell to. You will see great numbers to keep in mind when positioning your company, your next office and your next marketing push. Many of these numbers come from my work in the construction, landscape, and business-to-consumer industries, which understood these numbers many years ago. Construction, landscaping, manufacturing, and related industries are in the trenches and don't understand why so many other industries are not getting it.
- Mauricio Velasquez
- 2,826 Reads
Fast food chicken franchising has come a long way from 1939, when Colonel Harlan Sanders introduced Kentucky Fried Chicken. Since then, brands like Church's, Chester's, and Popeyes have spread the gospel of fried chicken not only across the continent, but across the world. Fried chicken has become American as apple pie, and everybody wants a piece.
- Eddy Goldberg
- 3,496 Reads 13 Shares
The difference between satisfied customers and loyal customers can sink a multi-unit franchisee. But there is also good news here.
- Jack Mackey
- 4,217 Reads 3 Shares
It's all her son's fault! Twenty-eight years ago, says Alice Schleicher (pronounced "Slisher"), her then 16-year-old, Rick, came home and said, "'Mom and Dad, I saw a restaurant and I want to buy it.'" It was a KFC in Sellersburg, Indiana. "We kind of looked at each other and said, 'Okay, well, we'll buy it.'" She envisioned having four someday. So far, she's exceeded that by 50.
- Eddy Goldberg
- 9,725 Reads 1 Shares
Linda Fong loves franchising. Not only does she own three Liberty Fitness locations, but one Fast Signs franchise and a Phlato's Closet store. "I can grow the other businesses by increasing sales," Fong says. "I'm opening more fitness locations because that's how I can grow that business."
- Linda Ray
- 4,180 Reads
Charles Loflin has won Wingstop franchise's awards for highest sales in 2004 and 2005. Last year, he had a million-dollar store. In 2006, he'll have two.
- Debbie Selinsky
- 9,719 Reads 2 Shares
More than 26 years ago, North Carolinians Tommy and Donna Haddock bought their first Bojangles' franchise. Things worked out so well, with him taking care of store operations and her working on insurance, workers comp and other "bureaucratic red tape," that they've never felt the need to try another franchise organization.
- Debbie Selinsky
- 6,929 Reads 1 Shares
For a man who values family so highly, Jeff Rogers has accomplished a lot in the world of business and franchising. He's been at the top of his class in advertising, winning numerous awards; a turnaround specialist advising troubled companies (more awards); and has taken the helm at more than one struggling franchise company, where he worked his magic to transform a loser into a winner (yes, more awards, including 1997 Turnaround Entrepreneur of the Year from Inc. magazine, IBM, and Deloitte.)
- Debbie Selinsky
- 6,535 Reads 6 Shares
You wouldn't know it from looking at his photo, or at his remarkable string of successes in taking failing chicken franchises and giving them wings, but Aslam Khan grew up poor. "I was born in poverty," said Khan in a 2001 interview, "and had a deep desire to move away from it. I wanted to do better."
- Eddy Goldberg
- 10,474 Reads
When Linda Burzynski was offered the CEO slot at Liberty Fitness, the franchising veteran says she hesitated, in part because she didn't feel she was in the best shape, physically, to head up a health and fitness organization.
- Debbie Selinsky
- 5,437 Reads 23 Shares
Pizza. A blank canvas filled with dreams. Starting with the crust and rising upward through the sauce, cheese and toppings, pizza can be tailored to satisfy the palate - and pocketbook - of anyone. And pizza franchises have become the dream of many an entrepreneur.
- Eddy Goldberg
- 3,227 Reads 8 Shares
I must be becoming a curmudgeon. In recent Viewpoint columns, I have taken potshots at the FTC and my fellow franchise lawyers. So far, the state franchise regulators have for some reason been below my radar screen. Why?
Over the course of my...
- Franchise Update
- 4,991 Reads 7 Shares
I must be becoming a curmudgeon. In recent Viewpoint columns, I have taken potshots at the FTC and my fellow franchise lawyers. So far, the state franchise regulators have for some reason been below my radar screen. Why?
- Rupert M. Barkoff
- 3,676 Reads 9 Shares
Building a franchising empire in the restaurant industry takes a good deal of planning, commitment, and expertise. Fortunately for the industry there still are leaders out there who can bring all those qualities to the table.
- Joan Szabo
- 4,274 Reads 39 Shares
For Don Cape, franchising came as an afterthought-and a good one. Cape, 34, who grew up in a family that developed land in Montana, focused his education and early career almost exclusively in real estate, finance, and development.
- Eddy Goldberg
- 4,724 Reads 15 Shares
Nevermind rising room rates and increased hotel occupancy, customer satisfaction in the hotel industry is up, a new study says. The annual J.D. Power and Associates North America Hotel Guest Satisfaction Index Study measured overall hotel guest satisfaction based on six measures: check-in/check-out, guest room, food and beverage, hotel services, hotel facilities, and costs and fees. Hotel chains were ranked in six segments: luxury, upscale, mid-scale full service, mid-scale limited service, economy/budget and extended stay.
- 3,643 Reads 129 Shares
Time for my annual "just got back from the IFA Convention" column. I saw lots of my lawyer friends while there-also met a lot of suppliers, franchise consultants, academicians, journalists, and franchisees. Occasionally, I even came a cross a franchisor. Didn't see too many psychologists, however. Why not?
- Lawrence Bivins
- 4,091 Reads 9 Shares
In 1996, a young London inventor asked British franchise veteran Victor Clewes whether he should franchise or sell the innovative machine he'd created for filtering used cooking oil. Clewes had never set foot in a commercial kitchen, but it didn't take him long to see that Jason Sayers was sitting on a franchising goldmine.
- Deb Selinsky
- 5,243 Reads 15 Shares
A family-oriented bar? Imagine children playing and laughing as football games are broadcast on big-screen TVs, while parents and patrons have a cold one. It's not as strange a concept as you might think.
- 3,125 Reads
Can an elephant change its spots? Sometimes it feels easier to start a new brand than to change an old one-even if the old one seems ready for the bone yard. But how do franchisors who want to keep a valuable (but tired) nameplate breathe new life into it, attracting new customers while retaining the faithful--and convince its franchisees not only to have faith after years of malaise, but that change is what they need? Franchise UPDATE spoke with three franchisors who knew they had a good thing going-and figured out a way to make it fly once again.
- Eddy Goldburg
- 3,778 Reads 19 Shares
Franchisors are always looking for that magical ingredient to propel their business toward greater profitability. In 2005, many are finding magic in the Internet, as email, laptops, PDAs, SmartPhones, and other mobile communications devices become a regular part of both business and personal life.
- 7,923 Reads 1 Shares
Whether it's high-fat super-premium gourmet ice cream with mix-in candy, fudge, or fruit, or just plain vanilla low-fat frozen yogurt, for most Americans it's not if or when, but how often they'll indulge in a sweet, tasty, frozen dessert or treat. In the U.S. today, ice cream is a $20 billion-plus industry, with 90 percent market penetration. The industry is mature, meaning any gains from one competitor (Haagen-Dazs vs. Carvel) or segment (super premium vs. light) will be scooped from another.
- 17,981 Reads 1 Shares
John F. Kennedy made a famous speech at the Berlin Wall, when he said, "Ich bin ein Berliner." Literally, this translates to "I am a jelly donut" because a "Berliner" is a type of jelly donut. To be correct, he should have said "Ich bin Berliner."
So now a famous phrase echoes around the world, with millions of people declaring that they want to be a jelly donut. But several million of those would probably rephrase it, "Ich bin ein Krispy Kreme"-fanatical followings are not unusual for that brand.
- 4,125 Reads 43 Shares
Domino's Pizza and Checker's Drive-In Restaurants are off to the races following the waving of the green flag. Both fast-food companies are capitalizing on NASCAR and other professional racing tie-ins that build awareness and increase sales.
- 3,177 Reads 1 Shares
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