McDonald's Offers to Pay Most of Franchisees' Extensive Remodeling Costs

McDonald’s is determined to regain customers it has lost to rivals by banking on extensive changes, including expensive restaurant upgrades. To get its U.S. franchisees on board the costly program, it is sweetening the deal by telling them, in writing, it will pay most of the expenses. The company is …

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Arby's Largest Franchisee Acquires 10 More Restaurants

United States Beef Corporation, Arby’s largest franchisee, has acquired 10 Arby’s restaurants from the two Arby’s franchisees operating in Central Washington and Northern Idaho. The leaders of the Arby’s franchises being bought are Richard (Rip) Riva, president of Cascade Beef Inc. and Riva Real Estate LLC, and Deana Harris, president …

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Top Five Ways EBITDA Deceives

EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) is considered an important metric to look at when one is considering buying a franchise or small business. But hold on, advises this CTP (Certified Turnaround Professional). EBITDA deceives, he says, making the company look better than it really is. He goes so …

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Former Hardee's Franchisee Buys 24 Pizza Hut Restaurants

Lisa Albert, an Atlanta businesswoman who formerly owned 25 Hardee’s locations throughout the southeast, has finalized the deal to acquire 24 refranchised Pizza Hut units in the Baton Rouge area. “The trends in the Baton Rouge market are very good,” she says. “Besides, pizza does very well throughout the southeast.” …

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Seven Questions to Ask Your Franchisor Before Leasing Commercial Space

Many future franchisees think that when they join a franchise system, the franchisor will complete everything for them. Think again! Many franchisors often do not have the time or resources available to them to assist their franchisees with commercial real estate matters (eg: site selecting and commercial lease negotiating). Therefore, …

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Lapels Dry Cleaning Introduces Area Representatives and Satellites

Lapels Dry Cleaning, a chain of over 70 franchised outlets by Hanover, Massachusetts based franchisor Next Step Franchising has launched an area representation multiunit franchise model to help it accelerate franchise sales throughout the United States. Lapels development agents (DA), or what the industry calls area representatives, sell, train and …

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HVAC Franchisees Discuss the Franchise Experience

Why should an HVAC (Heating, Ventilation and Air Conditioning) specialist buy a franchise when he can be an independent businessman? Several franchisees share why they think that with the right company, the advantages are significant. Franchising is an endeavor that HVAC contractors should not enter into lightly. But several franchisees who …

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Franchisee Due Diligence of Franchisors: Lessons from Applebee's

In the November 2016 Restaurant Finance Monitor, published by John Hamburger and Franchise Times, there is an excellent article about current issues underway in the Applebee’s system. Applebee’s problem is also broadly present in parts of the restaurant franchise space. The article, in part, begins: Applebee’s franchisees were seeing red …

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Franchise Earnings Disclosures Help Deliver Franchise System Growth

Buying a franchise is about choosing a business that you can make money at. It’s that simple. Passion for the brand is great, but passion doesn’t put money in your pocket. Knowing how much money you can make as a franchisee can’t be overstated. A franchisor that provides accurate and …

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