Franchise Business Opportunities

Mortgage Broker Opens ‘Shop’ In South

November 7, 2006 by Mark | 1 Comment

Belfast Telegraph:

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The leading independent mortgage broker in Northern Ireland is heading south. The Mortgage Shop, which has 25 branches in the province, is planning a major push into the Republic.

The company’s 26th branch in Northern Ireland is set to open its doors on Belfast’s Shankill Road this Friday – and two more will follow in the province before the end of the year.

Its first outlet in the Republic is due to open early next year.

According to the Council of Mortgage Lenders, the company placed one in 10 mortgages in Northern Ireland in 2005, while first-half results for 2006 show this figure has risen to one in eight.

Now managing director and founder Siobhan McAleer, who operates the business on a franchise basis, wants to replicate this success in the Republic.

Former Nationwide Building Society executive Nick McCafferty is managing the development of the franchised brand in the south.

He said: “In Ireland, as with the rest of the world, the growth of franchising is running parallel to the growth of the service economy.

“The financial services sector in particular is ripe for a mortgage franchise, no other existing Irish broker operates a similar business model. The Mortgage Shop’s proven formula in Northern Ireland offers an exciting prospect for the Republic.

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Own A Football Franchise

November 7, 2006 by Cris | 0 Comments

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As professional sports have evolved from a national pastime into a multi-billion dollar industry, the opportunity for participation at the ownership level has become increasingly more difficult and cost prohibitive. The All American Football League™ will be unique in that it will offer a group of individuals the opportunity to invest in a sport they love and provide the prestige of being an owner or part-owner of a
sports franchise. Find out how!

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Survey Shows Franchising Is Big Business

November 7, 2006 by Cris | 0 Comments

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Griffith University News:

Australia’s booming franchising sector turns over an estimated $128 billion – or 14% of the country’s gross domestic product – with personal services and finance/insurance among the fastest growing areas.

The Griffith University Franchising Australia 2006 survey indicates an 89% growth in the personal services sector since 2004, with finance/insurance reflecting a 59% growth.

Franchising expert and chief survey investigator Professor Lorelle Frazer said a strong economy and demographics accounts for the surge in market expansion.

‘The upward trend in personal services – hairdressing and beauty products, gymnasiums and gardening services – is related to a full-employment economy where people can afford personal luxuries and don’t have the time to carry out these tasks themselves,’ the Dean of Learning & Teaching said.

‘Because many of them provide mobile services at the customers’ residence or place of work, these also tend to be lower-cost franchises and therefore easier to recruit new franchisees.’

Growth in finance/insurance is in response to the real estate boom over recent years and the need for financial planning services by Australia’s ageing population. More about it.

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House Of Bread Debuts ‘World’s Largest Cinnamon Roll’ At West Coast Franchise Expo

November 7, 2006 by Cris | 0 Comments

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MarketWire:

In a culinary feat that is sure to astound the public and professionals alike, the House of Bread bakery will unveil the ‘World’s Largest Cinnamon Roll’ – literally – at the West Coast Franchise Expo in Los Angeles.

It’s a specialty bakery franchise headquartered on California’s Central Coast, already holds the actual record for the World’s Largest Cinnamon Roll in the Guinness Book of World Records. In producing the company’s behemoth creation for the Expo, House of Bread founder and CEO Sheila McCann and her team of bakers will attempt to beat their own personal best with the largest cinnamon roll yet. Read more.

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Ex-Krispy Kreme Workers To Get Dough

November 6, 2006 by Mark | 0 Comments

Tucson:

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Former employees of Tucson’s Krispy Kreme franchisee, who filed for bankruptcy in August, were told Tuesday they would get most, if not all, of the final paychecks they’re owed.
On Tuesday morning, dozens of former employees who worked at the Krispy Kreme stores owned and operated by Tempe-based Rigel Corp. showed up to a short, routine meeting in the company’s Chapter 7 bankruptcy case, hoping to claim wages.

Tony Mason, the Phoenix bankruptcy trustee appointed to the case, said Rigel’s unpaid employees are the main unsecured creditors, making them a priority once the company’s assets are liquidated.
Mason said the company owes about $250,000 in wages to workers.
“A sizable portion, if not all of that, will be paid,” Mason said, adding that it could take months for that to happen.

Former Rigel employees who want to claim their unpaid wages must fill out claim forms. You can get a form at the U.S. Bankruptcy Court in Tucson, 38 S. Scott Ave., or print a form from the internet. Go to www.azb.uscourts.gov, click on forms and print out the Proof of Claims form.
The case number is 06-2480. Send copies of documentation – not originals. If you want a copy proving your claim was submitted, include a stamped, self-addressed envelope and a copy of the claim form. Send all of it to U.S. Bankruptcy Court, 230 N. First Ave., No. 101, Phoenix, AZ 85003.

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FedEx Buys Out Local Franchisee For $30 mn

November 6, 2006 by Mark | 7 Comments

Business Standard:

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After 22 years of operating in India through a franchisee, FedEx Corporation, the world’s largest express transportation company, has decided to acquire Prakash Air Freight Pvt Ltd, its sole franchisee in the country, for $30 million in cash.

This marks the direct entry of the $33 billion FedEx, which has nearly 275,000 employees and 670 aircraft worldwide.

Mumbai-based Prakash Air Freight Pvt Ltd, a privately held company, is one of the largest domestic companies in the industry with 384 offices serving nearly 4,400 destinations.

The two key promoters of Prakash Air Freight Pvt Ltd, Rajan K Manchanda and Vijay Narang, could not be reached for comments on their decision to cash out.

FedEx applied to the Foreign Investment Promotion Board about two weeks ago for permission to undertake the acquisition.

“This is the next logical step in the ongoing development of our Indian business,? said Robert Elliott, president of FedEx Express (Europe, West Asia, Africa and the Indian subcontinent).

Sources said the deal, subject to the usual mandatory approvals, could be concluded in two weeks.

JP Morgan acted as financial adviser to FedEx.

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Robeks Celebrates The Grand Opening Of Its 100th Smoothie Location And Its 10th Anniversary

November 6, 2006 by Mark | 0 Comments

Biz Yahoo:

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L.A.-Based Premium Smoothie and Juice Franchising Company Marks a Decade of Offering Flavorful and Healthful Meal Alternatives and Snacks With Milestone Store Opening and VIP Event

Robeks Corporation, a premium smoothie and juice franchising company, today announced the opening of its 100th store location, and marks its 10th anniversary providing healthful, made-to-order smoothies and other flavorful, nutritious meal and snack options. Robeks now has 100 locations across 17 states. The newest store is located in downtown Los Angeles at 3742 S. Figueroa Street, across from the USC campus.An invitation-only VIP event and ribbon cutting ceremony will be held at the new location on Thursday, November 9, 2006, from 11:00 a.m. until noon, with the USC Marching Band kicking off the festivities. VIPs will enjoy complimentary Robeks’ premium smoothies and a lunch of Robeks’ nutritious sandwiches and salads, plus Robeks’ high-protein power cookies and muffins. Los Angeles city officials, journalists and members of the community are expected to attend the event.

Robeks’ new president and CEO, Sheri Miksa, Robeks’ founder, David Robertson, 100th store owner and 10-store Robeks franchisee, Moe Nariman and other key figures will be in attendance, as well.

“Five years ago, I opened my first Robeks franchise here in downtown Los Angeles,” said Mr. Nariman. “I have found great success with the Robeks brand and products and am excited to be opening my 10th store here in my hometown.”

In addition, Dr. Ed Lieskovan, Robeks’ nutritional advisor and Adjunct Assistant Professor of Clinical Pharmacy at USC’s School of Pharmacy, will also attend the event. Dr. Lieskovan is the creator of Robeks’ line of nutritional supplements and natural boosts, and he assists Robeks with the creation of their natural fruit smoothies and healthful foods.

“I’ve been working with Robeks for nearly a decade. The strength of the company has always been its people and their passion to offer delicious and healthful products to their loyal customers,” said Dr. Lieskovan. “After ten years, Robeks has consistently maintained their strong commitment to providing premium, healthful foods. I’m so pleased to continue to be a part of their dynamic team.”

According to the 2005 What America Eats® survey conducted by Parade Magazine, 84 percent of us try to eat a well-balanced diet, with 46 percent trying to eat more vegetables. Plus, 76 percent of adults surveyed choose fruit as their preferred snack.

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Couche-Tard Loses 315 Texas Circle K Stores

November 6, 2006 by Mark | 0 Comments

Globe and Mail:

Alimentation Couche-Tard Inc. is usually known for racking up convenience store acquisitions at a blistering pace as it pursues an ambitious North American expansion drive. But the Laval, Que., convenience store king is experiencing a rare setback these days: A loss of about 315 Circle K stores in the U.S. after a Texas licensee decided not to renew its agreement.

Susser Holdings Corp. of Corpus Christi, Tex., says in U.S. securities filings that it has decided to let its licensing agreement with Couche-Tard subsidiary TMC Franchise Corp. lapse.

Susser says it came to the conclusion that the more than $3-million (U.S.) a year it was paying to TMC for the right to use the Circle K name and logo on its stores “outweighs any benefit from the licensing agreement.”

It adds that it felt its hands were tied by the licensing agreement in terms of expansion plans.”We will no longer be limited by the geographic restrictions set forth in the Circle K license agreement, which limit the markets we can operate under the Circle K brand.”

By rebranding its outlets to its proprietary “Stripes” moniker, Susser says it will have “more flexibility for future growth while enhancing our profit.”

A billboard advertising campaign to announce the switch to Stripes has the slogan: “Stripes are in (Circles are out).”

Susser is the largest independent convenience store operator in Texas; it is concentrated in South Texas, with a more limited presence in Oklahoma.

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Betta Stores Sold As A Going Concern To Franchisee Consortium

November 6, 2006 by Mark | 0 Comments

Qbr:

The core franchise business of Betta Stores Limited (BSL) has been sold as a going concern to BSR Australia Limited, a consortium of senior franchisees within the BSL Group for an undisclosed price.

Receiver and manager of BSL, PricewaterhouseCoopers partner Phil Carter says the deal announced today includes the sale of the Betta Electrical, Chandlers and other brands owned by BSL, and the associated intellectual property, IT system and fixed assets.

The deal does not include the sale of Truscotts Hi-Fi, which is being sold separately as a going concern.

Carter says, “The Betta sale is great news particularly for the network of Betta and Chandlers franchisees and the staff of BSL’s Brisbane based office. The majority of staff will be offered new roles with BSR.”

“In less than a month we have negotiated a deal that delivers the best outcome for everyone involved.

“I congratulate the consortium on the deal and wish them well for the future.

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Happy Days For U.S. Diners And Restaurants, Survey Finds

November 6, 2006 by Cris | 0 Comments

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Reuters:

About 83% of Americans eat out as often or more often than they did 2 years ago, helping restaurant openings to far outpace restaurant closings in 2006, the Zagat Survey revealed Wednesday.

Italian cuisine was found to be diners’ favorite, residents of Houston ate out the most at 4.2 times a week and New York offered the priciest meals at an average of $39.43, the study found. Full article.

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