Mlive.com: An East Grand Rapids entrepreneur’s venture into mobile storage units is out of business just two years after its launch. Founder and President Bryan Houck has resigned and his five My Way Storage franchisees are trying to figure out to how to stay in business, according to Grand Rapids attorney William Heritage Jr. While […]
My Way Storage Goes Out Of Business Read More »
Sacramento Business Journal: The Melting Pot fondue restaurant in Rocklin is shutting down after its dinner service on Halloween night, a victim of the continued erosion of the region’s disposable income over the past two years. The local franchisee, Michael Frampton, will continue to operate his Melting Pot location in Sacramento, which is a few
Rocklin Melting Pot Restaurant Will Close Read More »
MarketWatch: James F. Woodson, co-founder of the popular Taco John’s restaurant chain based in Cheyenne, Wyoming died Friday, October 24, 2008. Woodson and Harold Holmes built the chain from a “Taco House” concept in 1969. Today, it is a leading regional Mexican quick-service restaurant chain with 420 locations in 25 states. Woodson spent his entire
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Sacramento Business Journal: At least two dozen local insurance offices have been shuttered and some franchisees financially ruined amid investigations and lawsuits against a national franchiser that grew rapidly but now is teetering. Ninety percent of the roughly 30 local offices of Brooke Corp. have been wiped out in the turmoil, which escalated last month
All But A Few Local Brooke Insurance Agencies Close Read More »
The Virginian-Pilot: Six Burger King restaurants — two in Suffolk and one each in Chesapeake, Franklin, Smithfield and Windsor — closed Friday. Azhar Holdings, LLC, which operates the six franchised restaurants, decided to close them because of their “weak operating performance,†according to a Burger King Corp. statement. “BKC is disappointed that the Azhars decided
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Franchise Update Media Group, the leading industry resource for franchise development, today announced the 2009 Annual Franchise Development Report (AFDR), which identifies the latest sales and marketing industry intelligence, including top lead-generation sources and sales trends. The report is based on a survey of 148 franchisors representing 57,000 units. “An interesting aspect of the 2009
2009 Annual Franchise Development Report Identifies Industry Sales Trends Read More »
AdAge.com: While the recession and banking crisis have taken a toll on the entire restaurant industry, a number of Quiznos franchisees claim to have been disproportionately affected. Beset by higher-than-average commodity costs, lackluster marketing, a bruising promotional war with Subway and a premium-pricing structure incompatible with a tight economy, the chain has shuttered 150 stores
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CNN: The Venezuelan government’s tax body has closed more than 100 McDonald’s restaurants in the South American country for two days because of alleged inconsistencies in the fast-food chain’s financial books. The move, which began Thursday, affects some 115 branches of McDonald’s. Jose David Cabello Rondon, the superintendent of the tax body, released a statement
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Louisville Courier-Journal: A campaign at Yum! Brands to sell more of the company’s U.S. restaurants to franchisees is more difficult due to the credit crunch, a company executive said today. So far this year, Louisville-based Yum has sold 421 restaurants to franchisees, and chief financial officer Rick Carucci said in a conference call that he
Yum Effort To Sell Restraurants To Franchisees Slowed Read More »
The Salem News: A week after closing its only Middleton restaurant, McDonald’s Corp. still doesn’t know what it will do in the town. Glen Gracier, a spokesman for McDonald’s based in Boston, said yesterday that the company was reviewing a full slate of options including reopening, renovating, rebuilding or keeping closed the restaurant at 255
Future Of Only Golden Arches In Town Unknown Read More »
