According to the 2011 International Franchise Association (IFA) Credit Survey, franchisors report that more than 50 percent of their franchisees and franchise prospects are still unable to obtain needed financing to open their own business, even with the economy on the mend.
Shane’s Rib Shack, a Petrus Brands concept and national barbecue chain, brought in former Church’s CFO, Carl Jakatis, to architect a new financing program to fund franchisees in their pursuit of the ultimate American dream of business ownership. So on the eve of its 10th anniversary, Shane’s Rib Shack announces plans to add a minimum of 100 stores in the Southeast as part of its regional growth strategy before moving west to establish the first true fast casual national footprint. More.