Let's Talk FranchisingLet's Talk FranchisingThe weblog provides valuable insight and information regarding franchising and franchise opportunities. Lets Talk Franchising includes a mix of insight, commentary, case studies and analysis written by Jim Coen owner of Franchise Perfection, a franch Articles
Trench warfare in the franchise field
2010-04-11 14:51:00 Eilene Zimmerman writes at CNNMoney.com that even in good times, the relationship between franchisors and their franchisees tends to be fraught. Toss in an economic downturn and things get downright nasty. Iconic brands are facing revolts in the trenches from owners fed up with their corporate parent. More About: Franchise , Caveat Emptor
ICE CREAM FRANCHISEE?S CLAIMS AGAINST FRANCHISOR BARRED BY ONE-YEAR CONTRAC
2010-03-28 13:07:00 Scott Krumholz v. AJA, LLC and Emack & Bolio (January 13, 2010) All of the claims brought by the Emack & Bolio’s ice cream franchisees against a franchisor were time-barred by the one-year contractual limitations clause in the parties’ franchise agreement. The franchisees filed their complaint against the franchisor on December 24, 2007. The franchisees alleged ... More About: Ice Cream , Claims , Caveat Emptor
A Tale of Two Bakeries: Why Panera Rose While Cosi Fell
2010-03-28 12:10:00 Carol Tice at BNET Insight does a detailed comparison of each franchise and offers some insight into some reasons Panera had success and why Cosi seemingly struggled: More About: Rose
Hello world!
2009-05-29 16:19:00 Welcome to WordPress. This is your first post. Edit or delete it, then start blogging! More About: World , Hello World
Want to Buy a Top Franchise?
2009-01-28 22:16:00 NY Times shops Red Sox stake as revenue falls. The Boston Business Journal reports that the New York Times Co. has retained an investment bank to explore the possible sale of its stake in the Boston Red Sox on the heels of a dismal year that saw advertising revenue for it New England Media Group, ... More About: Franchise
Credit crunch, declining profits make it harder for businesses to change ha
2009-01-18 15:00:00 Skittish investors and a rapidly declining economy have stymied the once brisk buying and selling of small businesses in the region. The small entrepreneur has been squeezed by Wall Street’s financial crisis, making it difficult for business owners to retire or simply swap businesses. Business owners have found their companies are worth less because of slack ... More About: Credit , Change , Profits , Make , Crunch
Franchise Breeds Cautious Optimism
2009-01-18 14:55:00 It’s 11:30 on a Monday morning, and Karim Menebhi is waiting for the first customer at his brand-new Ronzio Pizza & Subs franchise in Smithfield. Menebhi has been busy — loading boxes of supplies onto shelves, talking on the phone to suppliers. Now he’s getting a little nervous. “I was feeling just normal until ... More About: Franchise , Breeds , Optimism
DDIFO Names Acting President
2008-12-02 05:12:00 The DD Independent Franchise Owners Group, (DDIFO)which represents the largest association of Dunkin’ Donuts franchise owners in the U.S., has named Jim Coen, a member of the DDIFO Board of Directors, as its acting President and Chief Operating Officer. He takes over December 1, 2008 from Mark Dubinsky who has tendered his resignation after ... More About: Acting , Names
USA Today ranks Red Sox as the No. 1 franchise in baseball
2008-11-25 12:27:00 Seth Livingstone of USA Today writes that the Boston Red Sox combine resilience in the field and a vision for excellence in the front office, have brought unbridled joy to the ever-growing population of Red Sox Nation in the past five seasons. In 2004, there was literally dancing in the streets of Boston when the ... More About: Baseball , Franchise , Ranks
A Bad Economy May Benefit Franchises
2008-11-25 12:02:00 Mark C. Siebert for Entrepreneur.com writes that with all the negativity making headlines these days, it’s difficult sometimes to maintain perspective. Foreclosures at record highs. Nearly a trillion dollars in bailouts. The Dow with record declines. Mass layoffs and unemployment at five-year highs. Reading Dickens–it was the best of times, it was the worst of ... More About: Economy , Benefit
Brueggers continues to expand despite weak economy
2008-11-25 11:54:00 Bruegger’s the Burlington, VT franchisor announced that it will continue to add bakeries in spite of the weak economy. In 2008, the company is ahead of plan inking development agreements totaling 46 new bakery commitments. Since 2005, when Bruegger’s significantly modified its franchising program, the company has reached development agreements for 153 new bakeries. ... More About: Economy
Patrick Kaufmann joins DDIFO Board of Directors
2008-11-07 19:12:00 Professor and Chair of Boston University’s Marketing Department and renowned expert on Franchising The DD Independent Franchise Owners Group, which represents the largest association of Dunkin’ Donuts franchise owners in the U.S., is pleased to announce the addition of Professor Patrick Kaufmann to its Board of Directors. Kaufmann holds a BA in Economics from Georgetown ... More About: Board of Directors
Coffee News Announces New Ownership
2008-11-03 17:18:00 Franchising in New England announced that NEFA Member William (Bill) Buckley of Bangor, ME and President of Coffee News USA, Inc. announced the purchase of the parent company and owner of intellectual property rights for the Coffee News franchise system, 2703203 Manitoba, Inc., located in Winnipeg, Manitoba. Bill has operated the company under a ...
Restaurant Franchising Turns to Sale-Leaseback for Capital in Tough Market
2008-10-30 13:43:00 Dees Stribling, Contributing Editor for Commercial Property News states in an interesting article that: "The sale-leaseback deal was mostly invented to provide an alternate source of capital for a company that dislikes too much debt, or simply wants more capital than its bank cares to lend it. These days, it seems, that alternative can be all ... More About: Market , Restaurant , Sale , Tough , Capital
Nutrition Information Standard Urged By New Coalition
2008-10-22 19:14:00 New coalition advocates national nutrition standard for chain restaurants, detailed nutrition information for consumers. A coalition of interested parties and foodservice establishments announced today that it will support federal legislation that provides consumers with detailed nutrition information in chain restaurants and other foodservice establishments using a uniform national standard. Legislation has been introduced by Senator Tom ... More About: Information , Nutrition , Standard , Coalition
Quiznos Franchisees Walloped by Recession
2008-10-22 02:52:00 Franchisees claim High Costs, Lawsuits and Rivalry With Subway are contributing to woes caused by the economy. While the recession and banking crisis have taken a toll on the entire restaurant industry, Emily Bryson York writes in Advertising Age that a number of Quiznos franchisees claim to have been disproportionately affected. Beset by higher-than-average commodity costs, ... More About: Recession
McDonalds Franchisees Honored at the White House
2008-10-15 00:15:00 President George Bush welcomed four McDonald’s restaurant managers and franchise owner/operators to the White House for an invitation-only reception on Oct. 9, in celebration of Hispanic Heritage Month. This exclusive event brought together select Hispanic business and community leaders from across the nation. McDonald’s U.S. restaurateurs were chosen to attend for their demonstrated leadership within their communities. Widely known as one of the leading companies for Hispanics, McDonald’s Hispanic Owners Association is the largest Hispanic franchisee organization in the country. The following McDonald’s restaurateurs are among the 2008 Hispanic Heritage Month honorees: Franchise owner/operator Tony Castillo of Holland, Mich.; franchise owner/operator Anthony Herques of Houma, La.; Franchise owner/operator Mark Ruiz of Newcastle, Calif. and restaurant manager Luis Cruz of Yonkers, N.Y. National Hispanic Heritage Month is celebrated each year from Sept. 15 to ... More About: White House , The White House , Mcdonalds
Uno Chicago Grill Franchisee Opens 8th Unit in Pennsylvania
2008-10-14 17:29:00 NEFA Member, Uno Chicago Grill , opened its newest restaurant today at the Neshaminy Mall in Bensalem, PA. Franchise Partners Tom and Angella Bock of The Bock Group also own and operate seven other Uno restaurants in Pennsylvania and New Jersey and are Uno’s largest multi-unit franchisees. The Bock Group has also secured the real estate to open two more Uno restaurants: one in Newton Square, PA and the other in Oaks, PA. The Neshaminy Uno is the first of six new Uno restaurants to open within the next 45 days all over the world. Included in this group is the greatly-anticipated launch of Uno’s newest fast-casual brand — Uno Due Go — which will open two units in DFW Airport in Dallas. Additionally, three more full-service Uno Chicago Grills will open in Dammam, Saudi Arabia; Kuwait City, Kuwait, and a premier location at the Mall of Dubai, soon to be the world’s largest mall. All of these restaurants will be open by mid-November. Uno stands out as one o... More About: Unit
Accounting Today honors Padgett Business Services
2008-10-13 15:34:00 Accounting Today has announced that Padgett Business Services President Roger Harris has been named to its "2008 Top 100 Most Influential People in Accounting" list. Padgett Business Services , a leading franchisor of financial reporting and tax consulting services to small business owners. This year’s list, entitled "New Frontiers", focuses on the abounding changes in the accounting industry and details how the individuals featured in the Top 100 are impacting and advancing the field. The list includes not only accounting professionals but also government officials and regulators. "The profession stands poised to cross the threshold into largely unexplored territories, such as the inevitable convergence of U.S. GAAP and International Financial Reporting Standards, new technologies, a potential revamp of the Tax Code and dizzying changes in workforce demographics," said Accounting Today editor Bill Carlino. "This year’s Top 100 People r... More About: Accounting
Franchise Finance
2008-10-06 17:49:00 Franchising in New England a blog of the New England Franchise Association (NEFA) is publishing a series on Franchise Finance , Series 1 is entitled: Utilizing Retirement Savings as a Funding Source. With small business loans and second mortgages scarce these days, some middle age entrepreneurs are starting companies using their retirement savings, a novel financing method ...
US Treasury Issues New Dollar Bill
2008-10-02 17:07:00 The United States Treasury has issued a new $1.00 Bill . They are calling it the “Oy Vey” More About: Dollar , Issues
TCBY Franchisee Association Objects to Mrs. Fields Reorganization
2008-10-01 15:57:00 Several parties, including the Internal Revenue Service and a group of frozen-yogurt franchisees, are objecting to Mrs. Fields Famous Brands Inc.’s prepackaged plan of reorganization, which the cookie company has considered its fast-track ticket out of bankruptcy-court protection. Rachel Feintzeig writes in the Wall Street Journal that a bankruptcy judge is set to consider Mrs. ... More About: Association , Objects
Franchisors Sweeten the Deal to Woo Franchisees
2008-10-01 03:30:00 Raymond Flandez writes in the Wall Street Journal that franchise companies, facing what many say is the toughest economic environment they’ve seen, are offering two-for-one deals, reduced fees and financing help to woo new buyers. They are also paying existing franchisees to help spread the word. The economy has made many would-be franchisees wary of taking ... More About: Deal
Pinkberry serves up lawsuits to six yogurt shops
2008-09-30 23:39:00 Pinkberry is accusing the businesses of deliberately emulating its highly distinctive branding. Tiffany Hsu of the LA Times, reports Pinkberry Inc. is seeking to freeze out imitators filed six lawsuits this week against what it contends are copycat frozen yogurt shops. Pinkberry is accusing Yoberry in Ft. Lauderdale, Fla.; Yoberry in Washington; Yogiberry in Olney, Md.; ... More About: Lawsuits , Yogurt , Shops , Pinkberry
Franchise Financing Crisis
2008-09-29 04:09:00 NEFA Announces: Panel Discussion November 18th, Marriott Hotel Quincy Keys to Financing Success in the Current Economic Climate! The financial lending crisis has reached Main Street and NEFA is planning a panel discussion for the next NEFA Meeting November 18th, 2008 at the Marriott Hotel in Quincy, to explore the ramifications of the crisis and how to ... More About: Franchise , Crisis
Blockbuster is sticking to bricks and mortar
2008-09-28 15:14:00 Swati Pandey writes in the LA Times that Blockbuster is sticking to bricks and mortar. Even with the instant gratification of video-on-demand and the novelty of movies by snail mail may get many a consumer more excited than an old-fashioned trip to the corner store, but for Blockbuster Inc., the store is still the ... More About: Bricks
GE Capital Curtails New Restaurant Franchisee Lending
2008-09-27 15:09:00 Paul Ziobro of Dow Jones Newswires reports in SmartMoney that GE Capital ’s franchise finance arm is becoming more stringent in pricing and issuing loans for new franchisees, a pullback by one of the largest lenders to restaurant operators in the latest sign that Wall Street’s turmoil is spreading to small businesses. While GE Capital spokesman ... More About: Restaurant , Lending
McD?s franchisees see tighter credit for coffee program
2008-09-25 01:40:00 Wall Street’s credit crisis is trickling down to McDonald’s Corp. franchisees. David Sterrett of Crains reports that McDonald’s executives told franchisees last week that a lending program with Bank of America has reached its limits, and franchisees need to look to other banks for financing, according to a memo obtained by Crain’s. The tightening credit ... More About: Credit , Coffee , Program
No More Item #19 Excuses!
2008-09-24 14:47:00 The time has come for all franchisors to disclose financial performance! Darrell Johnson of FranData posted an article in Franchise Update that the time has come for franchisors to step to the plate and stop making excuses for not making an Item #19 Financial Performance Representation (FPR) in their Franchise Disclosure Documents (FDD).. The FTC’s new Franchise ... More About: Excuses
Women in Business stake out Their Dream.
More articles from this author:2008-09-12 03:06:00 Today’s career women are continually challenged by the demands of full-time work and the responsibilities and commitments at home. Fantastic Sams Hair Salons, NEFA Member and the nation’s largest full service hair salon brand, has a unique business model that allows women entrepreneurs to successfully achieve work/life balance. Ranked as one of Entrepreneur Magazines Top ... More About: Business , Women , Dream 1, 2, 3, 4, 5, 6, 7 |
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