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This level of uncertainty is obviously making restaurant owners and fast-casual franchise owners nervous at the prospect of the industry going through a fundamental change, and what was considered standard practices may become unrecognizable. are the fast-casual franchise model of the future. Staying Ahead of COVID-19 and Its Variants.
MRM Franchise Feed features news about the restaurant franchise (MUFSO) landscape. Curry Up Now offering a limited-time franchise development incentivethat allows experienced, multi-unit operators to sign a deal for a minimum of three Curry Up Now franchise restaurants rather than the typical five unit commitment.
It’s no wonder that restaurant franchising is so popular — franchisees buy into a proven business model with built-in branding, training and production methods, and (hopefully) a solid customer base. A few of these contracts could include: Contract for the franchise. Franchisor Support. Know the True Cost.
A Franchise Disclosure Document (FDD) serves as the foundation of the franchisor-franchisee relationship. Not only is it a critical sales tool for the franchisor, but it also gives a prospective franchisee vital insight into the franchise opportunity and help them make an informed decision to invest.
With all the trouble the pandemic has given the restaurant industry these past couple months, you might be surprised to hear that restaurant franchising opportunities have never been stronger. Up-and-coming restaurants like Fajita Pete recently announced it will triple locations from their new franchise deals (2). UNSTABLE WORKFORCE.
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.
For businesses, and particularly franchise businesses, the metaverse presents some cutting-edge opportunities. This article takes a closer look at some of the risks associated with franchising in a virtual world and what businesses should be doing to prepare. Tori Andrew contributed to this article.
Clever marketing and strong branding from a restaurant’s corporate offices can boost sales for franchised restaurants. A lack of communication can take a serious toll on franchise owners, particularly in the realm of finances. Restaurants that franchise tend not to own many locations as a company.
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. She previously served as editor in chief of Winsight Grocery Business View All Articles by This Author Want breaking news at your fingertips? Starbucks’ latest gambit to improve operations?
She previously served as editor in chief of Winsight Grocery Business View All Articles by This Author Want breaking news at your fingertips? News Heather Lalley is the managing editor of Restaurant Business, Foodservice Director and CSP Daily news. Get today’s need-to-know restaurant industry intelligence. Have consumers moved on?
View All Articles by This Author Want breaking news at your fingertips? News independents chefs Lisa Jennings is a veteran restaurant industry reporter and editor who covers the fast-casual sector, independent restaurants and emerging chain concepts. Get today’s need-to-know restaurant industry intelligence.
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. She previously served as editor in chief of Winsight Grocery Business View All Articles by This Author Want breaking news at your fingertips?
View All Articles by This Author Want breaking news at your fingertips? Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here. News casual_dining Joe Guszkowski is a senior editor with Restaurant Business covering technology and casual-dining chains.
At Church’s Chicken, we recently performed a comprehensive rebranding required communication to all of our domestic and international franchises, as well as all of their employees. Internal branding and employee experience are extremely important because they create a consistent collaborative culture that keeps employees engaged.
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. View All Articles by This Author Want breaking news at your fingertips? Members help make our journalism possible. Sign up here.
There are significant differences in benefit structures between large operators versus small operators and franchise operators versus brand operators. Our most recent article in MRM provides more detail on PTO strategies for the restaurant sector. Consider these factors: According to PwC, medical trend is forecast to be 6.6
View All Articles by This Author Want breaking news at your fingertips? 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. Sign up here. Get today’s need-to-know restaurant industry intelligence.
This is a summary of our earlier article, “Responding to COVID-19’s Impact on the Restaurant Supply Chain.” You can read our original article here (10). This is precisely what Akash Kapoor, CEO of Bay Area-based franchise Curry Up Now, has been doing to get around the problem of ingredient deficits. Multiple Sourcing and Backup.
All are company owned and there are no plans to franchise. View All Articles by This Author Want breaking news at your fingertips? 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.
Of these, one of the biggest challenges facing independent, franchised and fast-casual restaurants is staffing. A recent article in The New York Times cited a 5.7-percent percent increase in average US hourly wages in 2021, specifically noting a rapid rise in wages for leisure and hospitality workers.
Larger franchises have offered free delivery (McDonalds, Applebee’s, IHOP, Panera Bread, Wingstop and Chipotle Mexican Grill, among many others) to accommodate decreasing on-premise sales (1). Even larger brands, like that of the sub/sandwich franchise Jersey Mikes, relied on third-party delivery as a way of managing within its capacity (4).
A portion of this article is included as a chapter in a new, 90+ page eBook – How to Start a Business from Scratch: Build a Successful Business and Turn Your Ideas Into Money. Grab your free copy here. If you’re thinking about opening a restaurant, you’d be joining a huge industry. Grab your free copy here.
Disclaimer: The information contained in this article is general in nature and businesses should consider whether the information is appropriate to their needs. This only affects large restaurant groups and franchises that have multiple locations across the nation or the globe. However, if employees are tipped $2.25
The bill would have had a dramatic impact on fast food franchises. California Narrowly Rejects Sweeping FAST Act : On June 3, 2021, AB-257, the Fast Food Accountability and Standards Recovery Act (the “FAST Act”) was defeated in the California Assembly, coming up three votes short of the 41 votes needed.
Disclaimer: The information contained in this article is general in nature and businesses should consider whether the information is appropriate to their needs. This means the Fair Workweek Ordinance only applies to large, multi-location restaurant groups and franchises. What Does the Law Mandate?
The program would exclude chain restaurants (even if they are franchises), and would cover payroll, rent, supplies, and PPE costs. This article was corrected to specify the details of availability for the grants. Restaurants can also request additional funds specifically to provide employees with 10 paid sick days.
This article will answer the most common questions we have heard in our legal practice from restauranteurs. Will the loan be forgivable if the proceeds are used to pay franchise fees, property taxes, or insurance? Congress approved an additional $310 billion for PPP loans in a second round of funding which began on April 27.
You may also like our article on opening & managing multiple coffee shops effectively. They had a particular vision of our business, but after several meetings, they realised opening a franchise would be more challenging than they thought.”. What about franchising? Read on to find out what they had to say.
I may own Our Town America, a national direct mail marketing franchise, specializing in reaching people who have just moved to the community, but I recognize there are other ways to market your business. Barring an apocalypse, there will always be direct mail. Boy, do I realize that.
A good management software should be able to track your sales, managing your staff scheduling and most importantly, boost the overall efficiency of your business so that you can dedicate more time and energy into helping more clients, as explained in detail in this CaterEase article (3). Works in dense urban areas and suburban surroundings.
ECJ’s Food, Beverage and Hospitality Department attorneys advise food and beverage clients, startups and other businesses on a comprehensive range of issues, including employment, trade secrets, partnership disputes, contract negotiations, intellectual property, licensing and franchise disputes.
In this article, I’ll share the areas where AI is best suited to improve your restaurant business, what the limitations are and how restaurants can leverage alternatives to drive revenue, today. As a software engineer, as much as I would love to geek out on this subject, I’ll keep it simple.
You may also like our article on whether airlines are starting to offer better coffee. Another essential element of opening an airport coffee shop is making the decision between remaining as an independent business or starting a franchise store. Then read our article on understanding the self-serve coffee machine market.
You can visit a step by step guide to conflict resolution in the AMA article here (4, 5), but we recommend supervisors to first create opportunities for awareness and open dialogue with their staff. Goliath Consulting Group offers management training and a host of other services for independent, chain and franchised restaurants.
In this article, we define culture as a set of guiding or shared organizational values that define behaviors and a restaurant’s operations. So what do we mean by culture? And what does it mean to have a great one? A great work culture “starts at the top.”
The main benefit of the CARES act is to provide: Financial relief for small businesses Corporate tax provisions, and Expanded unemployment and benefits coverage to employees In this article, we’ll dive into the specifics of the CARES Act and how it impacts (and benefits) restaurateurs and their teams. Who qualifies? How do I apply?
In this article, we’ll be giving an overview of what fair workweek is, where it applies, and the consequences restaurants could face for violations of fair workweek laws. Again, note that most of these laws apply to larger restaurant groups or franchises, rather than single-location restaurants or small, local chains.
Allowing your employees to be a part of the business decision-making process has many advantages, and according to one Harvard Business School article, team decision-making positively impacts employee engagement and enables collaboration and communication (9). The Takeaway. Your employees are one of your business’s greatest assets.
According to his article, restaurant owners who implement a hybrid approach to delivery—using both self-managed fleets and third-party delivery providers—have shown the highest customer and employee satisfaction rates. The company also has a management division that manages full-service restaurants.
Investing in a franchise can offer a smoother path to entrepreneurshipone that can alleviate the unknowns and uncertainties involved in crafting a full-fledged business plan. This article will provide key considerations to help you answer the question, Should I buy a franchise in the hospitality industry?
The world of franchising changes as fast as the trends, and franchisee innovation is central to staying competitive and meeting evolving consumer demands. As we approach 2025, several groundbreaking innovations, including franchisee innovation, are reshaping the franchise landscape.
MBLM also further analyzed the industry in an article entitled, “ Fast Food & COVID-19. Indulgence, associated with moments of pampering and gratification, was the most prominent archetype in the category, and Starbucks was the top-performing fast food brand for indulgence. Fast food has seen varied results during the pandemic.
" Fitsmallbusiness.com launched a series of articles detailing what the restaurant industry can do to stay ahead of the curve as the U.S. The article titles and links can be found below: Delivery Software Options in the Wake of COVID 19. Qualified Businesses Include but not Limited to: Restaurants Independent or Franchise.
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