Franchise Business Opportunities
Several food chains view Texas’ population and
restaurant growth as an indication the state is
an important target market, and they plan to bring
their ‘hot’ concepts with them as they expand.
The Johnny Rockets chain and the Texas Roadhouse steak chain plan to expand throughout Texas as they increase their number of units.
Check it out.
The U.S. market for Hispanic foods is evolving and growing and it could be worth $25 billion by 2015, a
study has found.
Packaged Facts, part of MarketResearch.com, said lately that the foodservice market for Latin foods was worth $18 billion in 2005.
The fastest growing ethnic food category, Latin is 2nd only to Asian, Packaged Facts said in a news release. ‘And the general agreement among restaurant industry analysts is that growth in both Latin dining establishments and Latin menu items will escalate – with more than a little help from the growing buying power of Hispanics, which is expected to reach $1 trillion by 2010.’
Packaged Facts‘ insights are based on a study that it is selling for $3,000.
Latin-themed quick-service restaurants have been growing twice as fast as other quick-service restaurants overall. In non-commercial, onsite and institutional foodservice, 67% of operators now menu Latin foods, a trend that was barely visible 5 years ago.
After biding its time, ERA Reality launches franchising campaign in the Czech Republic.
When some survey Prague’s real estate scene, they see a saturated market.
But Keith HoleÄ?ek, co-director of ERA Reality, one of the newest players on the market, believes the timing is perfect to expand into the Czech Republic.
“The market in Prague is very crowded and highly competitive,” he says. “That’s something we like and we feed off of.”
In fact, HoleÄ?ek is confident that tough market conditions will be a factor in ERA’s success. “Because it’s so competitive, to survive, a real estate company needs to be great,” he says. “That’s why we believe we’re going to stand out.”
Standing out should come easily, given ERA’s clout on the Continent. The Florida-based company is currently the largest real estate network in Europe, with a presence in 17 countries.
Though the Prague ERA office officially opened in March, HoleÄ?ek and his brother and co-director Michael have spent the months since setting up shop, preparing and translating merchandising and training materials and cultivating a network of potential partners.
In late summer, they began an aggressive marketing campaign to target potential partners in the Prague vicinity. They are currently in the negotiating stage with several, and hope to have them permanently on board by the end of the year, according to HoleÄ?ek.
Once they’ve developed a firm foundation in Prague, the HoleÄ?ek brothers plan to start expanding across the rest of the country. Within the next three to five years, they expect to have as many as 100 Czech ERA offices.
Nearly two years after its stock collapsed amid an accounting fiasco, Krispy Kreme Doughnuts Inc. faces a host of lawsuits, a criminal investigation and declining sales. Meanwhile, efforts are under way in New York and Chicago to ban a key ingredient of its famous doughnuts, one that helps make the trademark treats so darn addictive.
Sounds a lot like the challenges faced by executives at Big Tobacco, and that’s just where Krispy Kreme has turned to for help.
Last month, Krispy Kreme named Charles A. Blixt, a former executive vice president and general counsel at Reynolds American Inc., as its new general counsel. A week later, the company appointed Andrew J. Schindler, the retired chairman of Reynolds American, to its board of directors.
“They have long and distinguished careers at (Reynolds) and they left in pretty good shape,” said Mike Lord, a professor of corporate strategy at Wake Forest University. “Importantly, what’s key is that they do have a great wealth of experience to manage under adversity.”
Adversity is what Krispy Kreme faces, and not only on the balance sheet.
Kentucky Fried Chicken is trying to get its founder, Colonel Harland Sanders, on a U.S. postage stamp.
KFC is urging consumers to visit kfc.com and sign an online petition asking the U.S. Postal Service to honor Colonel Sanders with his own stamp.
“The colonel’s entrepreneurial spirit and hospitable nature made him an American legend,” said James O’Reilly, interim chief marketing officer for KFC. “We believe that a postage stamp in his honor would be a fitting tribute to his memory.”
Colonel Sanders recently was named one of America’s two favorite advertising icons for 2006 and inducted into Madison Avenue’s Advertising Walk of Fame. He is the first real person ever to receive this designation.
Leading bakery franchise operator Brumbyâs Bakeries Ltd will have stores opening in airports around Australia under a landmark deal with service provider Spotless.
Some airports in Australia will feature the new Brumbyâs Go! stores â a âbaked to goâ fresh food concept with a product range centered around sandwiches, sweet pastries, pies and pasties, muffins, scrolls and fresh coffee to go.
The first store will open at Brisbane International Airport.
Brumbyâs managing director Michael Sherlock said it was an exciting time for Brumbyâs.
âThis deal will make the Brumbyâs brand even more recognisable to Australian customers, as well as introduce the companyâs preservative-free, bread baked fresh concept to a whole new audience â overseas visitors to Australia,â? Mr Sherlock said.
âIt also puts Brumbyâs in an enviable position, being the only major bakery franchise in Australian airports. It will allow Brumbyâs to continue its amazing growth.â?
Spotless Airportsâ National Development Manager Ruth Roebuck said they were glad to have Brumbyâs on board.
McDonaldâs Corp. has boosted the number of company-owned restaurants it may sell to franchisees by 800, the company said Thursday in a Securities and Exchange Commission filing.
The losses the company would incur as a result of the moves could be âsignificant,â? McDonaldâs says in the filing. Losses would occur because the company expects the proceeds from the sales to fall short of the 2,300 restaurantsâ book value, which the company estimated at $3 billion.
The company had previously said it was considering franchising 1,500 company-owned restaurants, a number first announced in January, a McDonaldâs spokeswoman said. Of the 30,893 McDonaldâs worldwide, about 27%, or 8,243, are company-owned, the spokeswoman said. So far this year, the company has divested 121 restaurants in four markets, incurring pretax losses of $30 million. The four markets were Bulgaria, Honduras, Nicaragua and Thailand. The spokeswoman declined to identify the other markets the company is seeking to exit.
RENT-A-HUSBANDÂŽ was created to define a new standard in home maintenance, repair and improvement. To do so they have to revolutionize an industry that could certainly use it. There is no reason you can’t have the same expectations for quality, timeliness, and professionalism when it comes to taking care of your home that you have of your physician when it comes to taking care of your health. So they’ve created a very special, value-driven and customer focused company built around their RENT-A-HUSBANDÂŽ vows of:
Quality work. The job is never done until the customers are completely satisfied;
Respect for you and your time. They’ll return your calls promptly and call if they’re delayed for an appointment;
Honesty in estimating project costs. They’ll get your approval before beginning any unexpected work;
Professionalism. They will protect your property including carrying comprehensive insurance for the work they do;
Humor. They’ll be in a good mood. Even if those nagging household chores have put you in a bad one.
That all depends on your state’s law and, if consistent with state law, the franchise agreement. Many franchise agreements provide that all disputes must be settled out of court in arbitration, precluding any lawsuits, unless your state’s law does not permit that type of provision.
If lawsuits are possible, be aware that most franchisers want to have any lawsuits heard in their home state, and structure their franchise agreements accordingly. However, several states have laws which require that franchisers be amenable to suit in the state in which the franchise is located.
The Franchise Magazine:
Mr Electric, the UKâs largest electrical contracting service has arrived at the home of the 2012 Olympic Games courtesy of Jack Savas in the London East area.
With many years experience in the electrical installation industry, he’s already built up a highly successful business within the area, specialising in IT and CCTV.
He felt that his other biz will compliment the array of services offered by Mr Electric. Priding himself on long lasting customer relations that come as a result of good quality work, Jack was eager to embark on a new challenge and Mr Electric seemed the perfect vehicle.
After reading about Mr Electric in a variety of trade magazines, he contacted the home office where he was able to speak to other franchisees and discover the success behind the business. He explains: ‘The Mr Electric brand and support structure were key advantages as well as the opportunities for rapid growth.’ More.