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On October 1st in Chicago, Meta’s Restaurant Summit brought together more than 100 marketers from some of the most recognizable franchises in the industry for a buffet of diverse programming, discussion, and exploration into the world of restaurants. What kind of creative works best in restaurant and food advertising? The result?
In April, we wrote about Crumbl , and a strange anomaly in its franchise disclosure document, showing that while average profitability per store was up, median profitability was down. The chain was established in 2017 and grew rapidly through franchising. By Jonathan Maze on Jul. Photo: Shutterstock. By Jonathan Maze on Jul.
Renewed Optmism Ahead for Franchise Landscape The last five years have provided significant challenges to the restaurant franchise industry. Franchise 2.0: Meeting these consumer expectations and employee needs is pushing restaurant franchises towards artificial intelligence and automation.
Most recently, he managed the western region franchisee relations for Coca Cola with Dairy Queen, working with franchise owners across 22 states to improve and grow their businesses. For the past four years, he has been Director of Franchise Development at Pancheros Mexican Grill, helping to fuel the national expansion of the brand.
" Now the structure is in place to accelerate expansion outside California, without franchising. Premium Financing Explaining Crumbls franchise profitability The Bottom Line: The dessert chain has updated its franchise documents to show a median per-store net profit far better than was initially reported.
I plan to take that to the next level in this new chapter of BRIX Holdings’ ownership to grow the size, scale and infrastructure for all our franchise networks and systems,” he said in a statement. News franchising acquisitions finance Joe Guszkowski is a senior editor with Restaurant Business covering technology and casual-dining chains.
But learning how to make his wife a great bagel ended up creating a business, Jeff’s Bagel Run, which now has 15 locations and is franchising. Wetherill took on about 50% ownership and they launched JBR Franchise Co., to franchise the bagel brand. I made a bagel for my wife, because she asked me to,” he said. They struck a deal.
It was so well received that I ended up franchising it. Build Social Media Presence : As soon as you start to advertise your business is up for sale, the first thing a potential buyer will do is Google your restaurant. One of my franchisees, Vincent Russo, taught me a lesson that changed the way I look at the restaurant industry.
The quicker businesses can feed that information back into operations, the better, whether for personalized dining, staffing optimization, or advertising and marketing. The Resilience of the Franchise Model The franchise model remains one of the best business structures in today’s restaurant landscape.
for franchise concepts. We’ll continue to nurture talent from within the service industry and expand our suite of services including more in-house digital advertising options, national public relations services and data-driven marketing strategies. Executing grand opening campaigns across the U.S. Lesson learned?
What is a franchise fee and how do franchisors make money? The challenges in this situation stem from the nature of the franchise business model. Three of the most common franchise fees are royalties, advertising, and occasionally rent. Franchise agreements commonly run for terms of up to 20 years.
The private-equity firm owns a controlling stake in Fitzpatrick’s former company Driven Brands, which owns auto repair franchises like Maaco, Meineke and other brands. The entirely franchised brand has closed nearly 8,000 domestic locations over the past decade, more than any other U.S. system sales declined 3.8% last year, to $9.5
Premium Financing Franchising may put some restaurant chains at a disadvantage The Bottom Line: In the Applebee’s-Chili’s battle, it’s difficult to overlook the impact of the chains’ different business models on their ultimate results. Have consumers moved on?
At Huddle House, development is also picking up, with 50 franchise agreements in the pipeline, including the largest deal in the brand’s history that will bring 20 locations to the Houston area. The brand has rebuilt its presence on Instagram and TikTok and is seeing stronger engagement from younger customers.
Franchised brands have been popular targets for investors that prefer their lack of capital spending and cash flow that is less susceptible to recessionary downturns like those of company-run operations. Shipley generated $320 million in system sales last year, up 8.1% Unit count grew nearly 5%. Trending Operations Washington, D.C.
Bubbakoo’s started franchising in 2015, and the chain has grown into 15 states, mostly on the East Coast and Midwest. News acquisitions franchising Lisa Jennings is a veteran restaurant industry reporter and editor who covers the fast-casual sector, independent restaurants and emerging chain concepts. By Lisa Jennings on Jun.
The fast-food franchisor is asking a federal court to sign off on its decision to terminate Paradigm Investment Group’s franchise agreement. Hardee’s filed a counterclaim against a big franchisee that is the only one in the system to close most of its restaurants at 2 p.m. Starbucks’ latest gambit to improve operations?
All are company owned and there are no plans to franchise. The three-unit chain has two more under construction in the Tampa Bay area, and another five to seven are planned in 2026, reaching the Orlando market. At Greenlane, there’s no dine-in service. Salads are 48 ounces, which is a hefty portion. Photo courtesy of Greenlane.
Formerly with Yum Brands, Davenport worked with Pizza Hut for more than nine years, including as managing director for global franchise markets and managing director for the Middle East, Turkey and Africa. As Mooyah’s president, he is tasked with leading the chain into its next stage of franchise growth. and Hardee’s.
There are no immediate plans to franchise, said Christiana Luo, Big Way’s chief brand officer and co-founder. Founded in 2022 in Vancouver, the chain has 13 units there, and will also continue to grow north of the border. By the end of next year, Big Way expects to have 30 units, about half of which will be in the U.S.,
and Canada, Irving, Texas-based 7-Eleven also operates and franchises Speedway and Stripes stores, as well as Laredo Taco Company and Raise the Roost Chicken and Biscuits restaurants. The c-store chain is also selling any variety of Red Bull for three for $8, for a limited time. With more than 13,000 stores in the U.S.
Premium Emerging Brands Pepper Lunch carves a niche in the Panda Express-dominated world of Asian fast casual The Japan-born franchise brand has 540 units globally, but only nine in the U.S. It’s a unique spin on Southern comfort. CEO Troy Hooper expects to see 20 to 25 open across the country in the next 12 months.
As of early June, Panera Bread had 2,197 units, both company and franchised, in 48 states, Washington, D.C. The chain is in the process of shuttering all its fresh dough facilities , and shifting bread making to third-party bakers. Last year, the bakery-café chain began a comprehensive menu overhaul. and Canada.
Digital advertising, marketing software , printed menus, signage, promotions, and loyalty programs. This could include franchise fees, third-party management agreements, or advisory services. 💡 Amortization: Intangible assets like trademarks, franchise fees, or loan costs. This helps reduce future equipment purchases.
Premium Food Nick the Greeks Mediterranean Steak Bowl has a fine-dining pedigree Behind the Menu: New executive chef Luis Moreno is elevating the menu without complicating operations for the fast casual’s franchisees, starting with a bowl that pushes the boundaries of flavor.
David Wheeler, Bonchon Korean fried chicken chain Bonchon announced two new additions to its development team to double down on franchise expansion. Edible Brands is parent to Edible Arrangements, Roti Modern Mediterranean and edibles.com Edibles | Shop Delta 9 Hemp | THC Drinks & THC Edibles.
Premium Food Nick the Greeks Mediterranean Steak Bowl has a fine-dining pedigree Behind the Menu: New executive chef Luis Moreno is elevating the menu without complicating operations for the fast casual’s franchisees, starting with a bowl that pushes the boundaries of flavor.
Not only are you competing with chain restaurants and their massive advertising budgets, but youre also competing against local restaurants on social media platforms and with their own pay-per-click budgets. Concentrate on hyperlocal marketing strategies to reach your target customer. Is your website ready for hyperlocal marketing?
News casual_dining finance franchising Joe Guszkowski is a senior editor with Restaurant Business covering technology and casual-dining chains. Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.
He will replace longtime leader Bob Johnston, who began working at Melting Pot as a dishwasher at 14 and later bought the concept with his brothers, growing it into a national franchise. He has held various franchise and operations leadership roles. It also unveiled a new incentive program to help spur franchise growth.
Now Cheek is back at Newk’s, which is part of the FSC Franchise Co. Chris Cheek has returned to Newk’s Eatery as chief development officer. Cheek served in the role from 2014 to 2019, before moving to Modern Market. family backed by CapitalSpring. Ryan Pearson has joined Lotte Hotel Seattle’s Charlotte Restaurant & Lounge as executive chef.
It has been franchising for decades. " Now the structure is in place to accelerate expansion outside California, without franchising. This week’s episode of the Restaurant Business podcast A Deeper Dive features Jennifer Schuler, CEO of the Ohio-based Handel’s Homemade Ice Cream. This is a great conversation.
Below is an excerpt from Scott Greenberg's The Wealthy Franchisee: Game-Changing Steps to Becoming a Thriving Franchise Superstar (Entrepreneur Press, November 17, 2020). During the months between signing my franchise agreement and opening my store, I continued traveling and giving presentations.
What does it really mean to franchise your restaurant? Franchising is a great way to grow a brand using other people’s capital. If you take the franchising plunge, you must understand that franchising is a business in itself and be prepared to devote the necessary resources to your franchising business.
MRM's Franchise Feed provides the latest news in restaurant and MUFSO franchising. Subway® announced significant expansion in India, Sri Lanka and Bangladesh, as the company signed a master franchise agreement with Everstone Group (Everstone), a South Asia focused leading private investment firm.
Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Send news to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. ” Taffer's Tavern Inks Multi-Unit Deal.
Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. ” Samira Shariff brings nearly 40 years of experience building successful restaurant brands in Alberta as a multi-unit franchise owner and operator in Edmonton.
Instead, these locations are franchised, meaning a company (the franchisor) allows an individual or group of partners (the franchisee or franchisees) to run a location of that restaurant under a certain operating agreement. At a glance, opening and operating a restaurant franchise seems like a near-perfect business decision.
" Now the structure is in place to accelerate expansion outside California, without franchising. Premium Financing Explaining Crumbls franchise profitability The Bottom Line: The dessert chain has updated its franchise documents to show a median per-store net profit far better than was initially reported.
Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Tropical Smoothie Cafe signed two multi-unit franchise agreements to develop 38 new cafes across the state of Colorado, including a 27-unit deal and an 11-unit deal. . "My
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