Franchise Business Opportunities

Franchising Startup Costs Can Pay Off

October 16, 2006 by Cris | 0 Comments

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OSHbusiness:

Built-in advantages can help entrepreneurs overcome sometimes-pricey initial investments for franchises, and the domestic franchise market is showing strong growth, according to the International Franchise Association. ‘You’ve got a road-tested business model, one used by perhaps tens of thousands of people before you,’ said IFA spokeswoman Amy Bannon. More.

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Franchising In Greece

October 16, 2006 by Cris | 0 Comments

InfoFranchise.co.uk:

Franchising in greece.jpgGreece represents a new commercial system as it was born at the end of the 80’s, probably in 1988. During those years there were about 20 brands looking for Greek franchising, this number quadrupled at the end of the 90’s, even if their presence in the markets was shy: only 4/5 stores for each brand.

Greek franchising world can trust in the Franchise Association of Greece; it’s the result of the efforts of some people who have been looking at franchising as an interesting opportunity to grow and develop since 1996. They noticed the necessity of creating a body to help both franchisors and franchisees, which was able to represent them and, at the same time, to be the very 1st promoter of franchising development in Greece.

Now there are more than 644 franchisors working in Greece and year after year chains increase their retails in an exponential way: more than 850 valued openings each year. Most of the brands have their base in the Greek capital, Athens, and a great number is listed at the stock exchange. The prospects of franchising development in Greece are remarkable, also because there are some big franchisors having enough funds to help the potential joiner in starting his business. More.

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Franchise Support Director Of Spring-Green Named Certified TurfGrass Professional

October 13, 2006 by Mark | 0 Comments

Franchise Wire:

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Spring-Green Lawn Care is pleased to announce that Harold Enger, franchise support director of training, recently completed the Principles of Turfgrass Management – Certified Turfgrass Professional coursework.

This certification, offered by the Department of Certificate Programs at the University of Georgia (UGA) Center for Continuing Education Conference Center & Hotel in Athens, Ga., helps participants master up-to-date turfgrass management practices and procedures; understand the principles of warm-and cool-season turfgrass establishment, growth, maintenance, and troubleshooting; and become Certified Turfgrass Professionals (CTP).

Additionally, Enger was recently nominated by peers as a PLANET (Professional Landcare Network) Trailblazer for his contributions and leadership in the green industry and in 2005 he received the Leadership Award sponsored by Lawn and Landscape magazine and Bayer Environmental Science. Enger is recognized as a professional who has influenced the state of the industry and raised the bar for his colleagues.

The PLANET Trailblazers program recognizes an elite group of individuals who have made significant and long-term contributions to the green industry in four categories: lawn care; interior plantscaping; landscape management and design/build/installation.

“We are very proud of Enger’s accomplishments this year,? said James Young, president of Spring-Green Lawn Care. “His leadership and performance exemplify his outstanding commitment to Spring-Green Lawn Care and the green industry overall. “

Prior to joining Spring-Green Lawn Care in 1997, Enger spent eight years working with Tempo 21 LawnBeautiful and 10 years with Barefoot Grass.

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El Pollo Loco Scraps $135M IPO, Citing Market Conditions

October 13, 2006 by Mark | 0 Comments

Ap Wire:

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SAN FRANCISCO – El Pollo Loco Holding Inc. on Thursday withdrew its $135 million initial public offering with underwriter Bank of America.

“Market conditions make it inadvisable to proceed with the offering at this time,” the company said in a letter to the Securities and Exchange Commission.

The Irvine, Calif.-based restaurant chain filed to go public on May 8, with plans to trade on the Nasdaq under the symbol LOCO.

El Pollo Loco, which means “the crazy chicken” in Spanish, began as a single roadside chicken stand in Mexico in 1975, and opened its first U.S. location in 1980. The chain has 146 company-operated and 194 franchisee-operated stores, primarily in California, with others in Arizona, Nevada, Texas and Illinois.

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Forzani Picks Up More Nevada Bob’s Golf Stores

October 13, 2006 by Mark | 0 Comments

Globe and Mail:

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The Forzani Group Ltd., a major sporting goods retailer whose banners include Nevada Bob’s Golf, is buying the operating assets of JKL Golf Corp. Inc., a Nevada Bob’s Golf licensee in Calgary, Red Deer, Alta., and downtown Toronto.

The seven stores will continue as Nevada Bob’s Golf and are expected to be franchised in the coming year, Calgary-based Forzani said Thursday, without disclosing the cost of the transaction.

The Forzani Group calls itself Canada’s largest national retailer of sporting goods, operating stores under the corporate banners Sport Chek, Coast Mountain Sports, Sport Mart and National Sports.

Forzani is also a franchiser under the banners Sports Experts, Intersport, RnR, Econosports, Atmosphere, Pegasus, Tech Shop, Nevada Bob’s Golf, Hockey Experts and The Fitness Source.

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Betta Stores’ Debts Amount To $40m

October 13, 2006 by Mark | 0 Comments

News:

ELECTRICAL retailer Betta Stores (BSL) owed 350 creditors more than $40 million, the first meeting of creditors since the company went into voluntary administration and receivership heard yesterday.

Administrator John Greig of Deloitte said draft reports indicated Betta began losing money in its non-core business activities during the 2005-06 financial year.

“For the year ended June 2006 the unaudited management accounts would indicate the EBIT (earnings before interest and tax) of the core franchise business was approximately $6 million and the consolidated loss overall was approximately $7 million to $8 million,” Mr Greig said.

The only secured creditor was the Commonwealth Bank, which was owed $16 million by Betta.

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VTL To Vend Its Software In States

October 13, 2006 by Mark | 0 Comments

Nz Herald:

Listed vending machine business VTL Group plans to boost revenue by licensing its technology to potential competitors in the United States.

Chairman Gary Stevens said the move was a response to inquiries from companies looking to improve vending machine management.

Licensing out its technology was a strategy the franchiser had resisted until now, Stevens said.

“What we’ve come to realise is that there is a significant opportunity there.”

VTL’s hardware and software enables vending machines to wirelessly report daily sales, stock levels, takings and generate management reports.

“If you don’t have that then essentially what you’re relying on is a route driver using his experience and calling more regularly than he has to, to make sure that the machine is full and so on.”

Stevens didn’t provide a forecast for the licensing strategy, which he said would be aimed at businesses with several thousand machines in the US vending market, which has sales of about US$42 billion ($63.8 billion).

Operators would pay for installation and VTL would get a monthly fee.

The company was not worried about licensing its technology to potential competitors, Stevens said.

“We only need a small percentage of the market to make our vending franchising programme work and this is an opportunity to license our software in some way that will allow us to get another revenue stream.”

The company recognised the need for “Chinese walls” to ensure confidentially and security of information for users.

“What we’ve done is make it clear that this is a separate business to our franchising business,” Stevens said. “There’s a clear distinction between the two of them.

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Brazilian Franchise Lilica Ripilica

October 13, 2006 by Cris | 1 Comment

BeTheBoss:

The success of the brand Lilica Ripilica
lilicaripilica.jpglaunched in 1991 has contributed for its rapid expansion, especially in the multi-brand shops. The romantic, fun and very colorful style of the clothes attracted the public attention.

The creation of the franchised shops in 2000 was only a consequence of the great success of its products and it is a way to create an exclusive distribution channel.

Nowadays there are 110 franchised shops in the biggest shopping centers and in some addresses where fashion has a major appeal. The brand follows tendencies worldwide, but also dictates fashion overseas.

With the international expansion plan, Lilica Ripilica is in countries such as Lebanon, Portugal, Colombia, Peru and Italy. And much more of them are to come. In September, a new franchised shop was opened in Milan – beside the most famous brands of haute couture in Via della Spiga. In November Guatemala and Mexico will also have the colorful world of Lilica.

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Insurance Franchises

October 13, 2006 by Cris | 1 Comment

People need insurance.
No matter how hard we hope and try to prevent it, disaster often strikes, be it a natural disaster, a traffic accident, or simply destruction of property brought on by the passing of time. Insurance can help soften the blow of tragic moments, and that is why people need insurance franchise businesses.
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Auto insurance franchises are there to protect against common traffic accidents and injuries. Property insurance franchises can help rebuild a home or replace items in case of theft.

Of course there is nothing like the security of knowing you have coverage from a health insurance franchise or even a life insurance franchise, to know that you and your family can be taken care of in the face of illness and death. Insurance secures people’s lives, and so can you, with an insurance agency franchise.

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Franchising In Italy

October 13, 2006 by Cris | 0 Comments

InfoFranchise.co.uk:

Italian franchising italy.jpgshows an increasing turnover: data register a growth of 7,5% in 2005, reaching 18 thousand million of Euros. These items belong to an inquiry made by Assofranchising, Confimprese and FIF (Franchising Italian Federation).

Assofranchising: it’s the most important and eldest brand representing Italian franchising. Moreover, it’s a founder member of EFF (European Franchise Federation) and the only one representing Italy in a federation which counts 16 associations, 1 for each country member.

Confimprese: born in 1999 in Milan, it’s a private no-profit association, which unites all the most important enterprises to develop franchising.

FIF: it was born with an objective: representing the landmark for franchisors and franchisees.

Franchising in Italy is protected by the law: the act n. 129, 25th May 2004, ‘Rules ordering the trades affiliation’, leggefranchising.it. It keeps on generating employment, as demonstrated by the 2577 new jobs in 2005; the most relevant fields are clothing, food and restaurants, travelling, real estate and credits brokerage.

Statistical items concerning 2005 confirm the verve of franchising and its great potentiality even in negative situations, in opposition to an economical market which is suffering a period of transition. More.

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