Franchising.net.au: Retail franchisees need to look at ways to reduce costs to get their 2011 trading off to the best possible start, following a subdued Christmas. That’s the advice of Business Development Company operations director Jack Sakalis, who has more than 27 years of retail experience. Sakalis has owned and operated family businesses for many […]
Retail Franchises Advised To Take Action On Costs Now Read More »
RTT News: Cosi Inc. Friday posted 4.5% increase in the total system-wide comparable restaurant sales for the fourth quarter in 2010. However, the company-owned net restaurant sales decreased to $24.63 million for the fourth quarter from $27.71 million for the same period in 2009. The decline related primarily to the sale of thirteen company-owned restaurants
Cosi Q4 Total System-Wide Comp. Restaurant Sales Up 4.5% Read More »
NuWire Investor: In an economy showing few signs of growth, 87% of female owned franchised businesses report they are not profitable.This compares with only 23% of male owned franchised businesses. 9% of female respondents report that their business became profitable within three years, as compared to 50% of male respondents. Other findings from the National
Female Franchisees Have Suffered Most In Weak Economy Read More »
Bizjournals.com: Hooters of America completed a deal to transfer ownership of the Atlanta-based restaurant chain from the estate of Robert H. Brooks into the hands of a consortium of private investors, including Chanticleer Holdings of South Africa. Also as part of the transaction, the investor group will buy Texas Wings Inc., the largest Hooters franchisee.
Private Investors Buy Hooters Read More »
Mirror.co.uk: If one of your 2011 resolutions is to start your own business, you are going to need financial help. But headlines suggesting that youll get short shrift at your bank could be wide of the mark – if you do your homework. Cathryn Hayes, head of {franchising at HSBC, says the bank is keen
Help In Getting The Finances Together To Set Up A Franchise Biz Read More »
PR Newswire: Massage Envy, the pioneer and national leader of affordable and convenient massage and spa services, announced today that the company experienced unprecedented growth in 2010 with 43 new locations — bringing the total number of Massage Envy locations to 657 operating in 43 states. In addition, since introducing its Massage Envy Spa® concept
Massage Envy® Ends 2010 With Record Growth Read More »
QSRweb.com: Duke and King Acquisition Corp., a Burnsville, Minn.-based Burger King franchisee, has sought Chapter 11 bankruptcy protection and is currently seeking buyers. The company operates 92 Burger King units throughout the Midwest, including in Minnesota, Iowa and Wisconsin. According to the Minneapolis/St. Paul Business Journal, D&K cited revenue shortfalls and a “constant drain†of
92-Unit Burger King Franchisee Files For Bankruptcy Read More »
The Irish Franchise: The Irish Franchise Association today announced results of the latest all-Ireland Franchising Survey; An Assessment of the Irish Franchising Market in 2010 conducted by UCD Michael Smurfit Business School in association with Ulster Bank. The survey highlights a marked increase in turnover for the Franchise sector to €2.419 billion representing an increase
Entrepreneur.com: OK, so you think you’re ready to buy a franchise. You’ve done some research. You’ve weighed the pros and cons. You’ve selected a business with an interesting product. You even know what you’ll wear to work and how many hours you expect to be there. Yet in spite of how much preparation you’ve done,
But Will I Make Money? Read More »
Inc.com: Buying a franchise business may be tempting because of the brand name and proven systems. But when you decide it is time to get out, will you be able to sell your franchise? I canvassed a number of franchise experts and professionals who sell businesses for a living, and they were divided on whether
Can You Sell A Franchise? Read More »
