September 2011

Learning From Franchise Failures

TheFranchiseHound: Not all franchises succeed, and it can be helpful when considering starting or investing in a franchise to learn from those who didn’t make the grade. This means calling around to failed franchise owners in the area to ask what happened. Often, they’ll be candid and upfront about what didn’t work with their endeavors, […]

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Franchisors Set Sights Abroad

Malaya: Filipino franchisors are setting their sights beyond Philippine shores. Elizabeth Pardo-Orbeta, president of the Philippine Franchise Association (PFA), said franchising can be a top dollar-earner much like exporting products. The group continues to promote international expansion among Philippine franchises even as more than 20 local franchises now have overseas operations. Orbeta, chairman of Wendy’s

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Red Lion Hotels Announces Two New Franchises In New Mexico

TheStreet.com: Red Lion Hotels Corporation announced the company has signed franchise license agreements with the owner of two New Mexico hotels. The two properties are among a group of hotels owned by Positive Investments, Inc., which is also the owner of the Red Lion Hotel Oakland International Airport in Oakland, California. “These hotels operate under

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7-Eleven To Acquire 28 Locations In Western US From Pacific Convenience & Fuels

MarketWatch: 7-Eleven, Inc. announced today that it has agreed to acquire the retail interests of 28 locations from Pacific Convenience & Fuels LLC (PC&F). Located in the western half of the U.S., the acquisition includes sites in California, Oregon, Washington and Colorado. The transaction is expected to close in the fourth quarter of 2011, subject

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What It Takes To Be An Entrepreneur — And A Franchisee

About – News & Issues: I loved reading today’s New York Times story about the renegade Applebee’s franchisee in New York, who now owns 34 of the chain’s restaurants. His locations average $4.25 million in annual revenue — twice the average Applebee’s, the Times reports. The owner, Zane Tankel, perfectly articulates the way someone can

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Topfranchise Awards Show Uni Degree Isn’t Essential For Profitability

Franchising.net.au: A university degree isn’t a prerequisite for profitable franchisees, research house 10 Thousand Feet has found, with its latest survey indicating that the largest proportion of profitable franchisees, at 26 percent, only hold a Year 12 certificate (see graph below). 10 Thousand Feet has also announced its topfranchise awards for 2011, which are presented

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Bow Wow Boarding

Your Houston News: For Kristl and Lee Franklin, the fact that their business has gone to the dogs is a good thing. The Franklins recently launched Camp Bow Wow, a franchise concept, in Oak Ridge North. The company will offer boarding, day care and pet sitting for area pet owners. Last week, the Franklin’s hosted

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