September 03, 2010
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Your Automotive Franchise News SourceFranchise News Watch brings you the latest in automotive franchising news from around the web. As a news aggregator for the automotive franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Automotive Franchise News
Fiesta Auto Insurance Ranks in Top 6 Percent of Inc. 500/5000 List of America's Fastest-Growing Private CompaniesInc. magazine has ranked Fiesta Auto Insurance in the top 6 percent of the publication's 500/5000 list of the fastest-growing private companies in the United States. Midas Franchise Keeps Your Car in Check This Labor DayAs California motorists take to the road this Labor Day, Midas is teaming up with nationally known Car Coach(R) Lauren Fix to offer tips to help keep your vehicle safe and reliable. Getting your car ready in advance of a road trip will not only help save Dollar Thrifty Automotive Group, Inc. Announces Expansion of International Web Sites With New Technology Partner CarTrawlerDollar Thrifty Automotive Group, Inc. (NYSE: DTG), is pleased to announce that its subsidiaries, Dollar Rent A Car and Thrifty Car Rental, have formed a new partnership with Ireland-based car rental technology firm, CarTrawler, to significantly expand the Volvo Rents Franchise Owner Pete Post Named President of Texas Rental AssociationPete Post, owner of two Volvo Rents franchise locations in Houston and Seabrook, TX, was recently named President of the Texas Rental Association. Oil Can Henry's Franchise Exceeds Original $30,000 Commitment and Raises More than $45,000 for Susan G. Komen for the CureOil Can Henry's customers rose to the challenge in July and helped the company raise $45,401 to support the Oregon and SW Washington Affiliate of Susan G. Komen for the Cure® to help save lives and end breast cancer. Over the week-long fundraising eff Snap-on Incorporated Franchise Declares Quarterly DividendThe Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $0.30 per share payable September 10, 2010 to shareholders of record on August 20, 2010. Snap-on has paid consecutive quarterly cash dividends, wit Midas Auto Repair Franchise Reports Second Quarter Results of $0.06 Per ShareMidas, Inc. (NYSE:MDS) reported net earnings of $0.8 million--or $0.06 per diluted share--for the second quarter ended July 3, 2010, compared to $0.4 million--or $0.03 per diluted share--in the second quarter of 2009. Second quarter 2010 results were nega Midas Franchise Announces "Next Great Road Song" FinalistsThe submissions are in, and the competition for the title is now under way. Midas International Corporation and SPIN today announced the top 20 finalists in their search for the "Next Great Road Song." Listeners can vote to determine the winners at http:/ Dollar Thrifty Franchise Update on Avis Budget ProposalDollar Thrifty Automotive Group, Inc. ("Dollar Thrifty") (NYSE: DTG) today responded by letter to the proposal made by Avis Budget Group ("Avis Budget") (NYSE: CAR) dated July 28, 2010. Dollar Thrifty Automotive Group Franchise Reports Record Second Quarter EarningsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the second quarter ended June 30, 2010. Net income for the 2010 second quarter was $42.3 million, or $1.40 per diluted share, compared to net income of $12.4 million, or $0.55 pe Volvo Rents Franchise Anounces Want to Rent a Skid Steer? There's an App for that!Volvo Rents is getting in on the iPhone App craze. The worldwide provider of small-to-medium sized construction equipment is taking the construction equipment industry to a new level of ease and accessibility with its new iPhone Application. Dollar Thrifty Franchise Receives Unsolicited Offer from Avis Budget GroupDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today confirmed that it received a letter dated July 28, 2010, from Avis Budget Group ("Avis Budget") outlining an unsolicited proposal to acquire all Dollar Thrifty common stock for consideration consisti Pop-A-Lock Franchise Locksmith Answers the CallWorkers who had just escaped the burning deepwater horizon oil rig in the Gulf of Mexico did not stop to grab their car keys before escaping to safety from the burning rig that later created one of the largest oil spills in history. This means that many o World Franchising Network Selects Fiesta Auto Insurance for its 2010 Top 26 Franchises for Hispanics listWorld Franchising Network (WFN) has named Fiesta Auto Insurance, the nation's only insurance and tax preparation franchise, as one of its Top 26 Franchises for Hispanics for 2010. PODER Magazine, the successor to Hispanic Enterprise, published the results Dollar Rent A Car Franchise Teams With JetBlue GetawaysDollar Thrifty Automotive Group, Inc. (NYSE: DTG) is pleased to announce that its subsidiary, Dollar Rent A Car, has signed a multi-year agreement with JetBlue Airways to provide rental cars as part of the JetBlue Getaways vacation packages. Beginning in Canadian Tire Franchise Says 'Back to the Drawing Board' on Latest Round of Eco-FeesFor some years, many retailers have charged visible fees up front to help recycle obviously complicated products like televisions or tires. A few years ago, the Government of Ontario worked with retailers and companies to set up a recycling organization c Dollar Thrifty Automotive Group Franchise to Announce Second Quarter 2010 Financial ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) will announce second quarter 2010 financial results prior to market open on Tuesday, August 3, 2010. Honest-1 Auto Care Franchise in St. George Takes Top Honor in 'Reader's Choice Awards'Southern Utah's desire for environmentally responsible and family-friendly auto maintenance service has earned Honest-1 Auto Care, at 595 N. Bluff St. in St. George, first-place honors in St. George Magazine's "Reader's Choice Awards."
Midas Franchise and National Automotive Expert Challenge Californian Teens to Become Safe Drivers This SummerLauren Fix, the well-known Car Coach(R), along with her teen daughter Shelby Fix, Teen Car Coach(R), is traveling throughout the state of California appearing at a series of teen "Safe Car, Safe Driver" clinics on behalf of Midas to educate teens and thei Dollar Thrifty Automotive Group Franchise Provides Second Quarter and Full Year UpdateDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today provided an update on preliminary estimates for second quarter results and its outlook for the full year of 2010. The Company announced that it expects second quarter Corporate Adjusted EBITDA... Midas Franchise Hits the Road with Trip Advice, Music and Safety TipsAs road trip season has arrived, it's important to be prepared for a summer full of adventure, fun and road travel. Midas International Corporation, one of the world's largest providers of automotive services, has partnered with top experts to... Eagan's Honest-1 Auto Care Franchise Opens for BusinessHonest-1 Auto Care, the only national full-service auto repair and maintenance franchise that is 100 percent ESA™ Certified Eco-Friendly, today announced the recent opening of its newest location in Eagan. Dollar Thrifty Opens Its 12th 'Customer-Choice' Location at San Jose International AirportDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it is now offering customers its customer-choice rental service at the San Jose International Airport (SJC). San Jose marks the Company's 12th operation to offer this... Meineke Car Care Centers Franchise Leverage Telmetrics Call Measurement for Advertising Visibility and Lead Generation InsightsTo increase ad campaign performance visibility, Meineke Car Care Centers, Inc., a leader in franchised automotive services, is using Telmetrics, the leading provider of advertising call measurement solutions, to track the consumer calls generated by... Dollar Thrifty Expands Automotive Rental Franchise and Corporate LocationsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it has opened 15 new U.S. franchise locations and two corporate locations since Jan. 1, 2010. Christian Brothers Automotive Corporation Franchise Founder Named Ernst & Young Entrepreneur of the Year FinalistMark Carr, founder and CEO of Christian Brothers Automotive Corporation (CBAC), has been selected as a finalist for the 2010 Ernst & Young Entrepreneur of the Year Award for the Houston and Gulf Coast area. This is the fourth time Carr has been... Auto-Lab Complete Car Care Franchise Centers Adds Zeeland Location to MichiganAuto-Lab Franchise Management Corporation(R), DBA Auto-Lab Complete Car Care Centers(R), announced the opening of a new store located at 8509 Heritage Drive, Zeeland, MI. The store is owned and operated by Patrick & Associates, and brings... Dollar Thrifty Automotive Group Franchise Completes New $300 Million Asset Backed FinancingDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that its Rental Car Finance Corp. subsidiary completed a private placement of Rental Car Asset Backed Variable Funding Notes, Series 2010-2. When fully funded, the notes will provide... Eaglerider Motorcycle Franchise Revs Up Motorcycle Industry With New PartnershipEagleRider, the world's largest motorcycle rental and tour company, and Triumph Motorcycles, the fastest growing motorcycle manufacturer on the globe, have announced a partnership that will expand revenue streams for dealers and give customers more... Jiffy Lube Franchise Anounces Drivers Determined to Achieve Higher MileageRoy Lindahl has been driving his white Jeep(R) Cherokee since the day they drove off the lot together seventeen years ago. He and his vehicle, affectionately nicknamed "Jeepy," recently reached a major milestone when the odometer hit 400,000 miles. Car-X Auto Service Franchise Launches New WebsiteCar-X Auto Service is one of the most recognizable and trusted names in the automotive repair business. In 1994 Car-X launched its first website and in 2007 revised its website to capitalize on changes in the internet marketing space. Car-X makes a... Fiesta Auto Insurance Delivers Positive Results at First Annual National ConferenceFiesta Auto Insurance franchise owners and company corporate executives joined together at the Shorebreak Hotel in Huntington Beach to participate in the company's first national conference and celebrate system-wide successes. RimTyme teams up with FutbolitoSoccer fans enjoyed a day of food, fun and games with a look at custom wheels Saturday in Frisco, Texas. Parked on location, RimTyme showed off rims and tires at MLS Futbolito, an all-day soccer competition. Midas and SPIN Magazine Rock the Highway This Summer with Search for the Next Great Road SongOn the Road Again. Running on Empty. Traveling Band. For generations, the lure of the open road has inspired long and varied lists of classic songs. Now, Midas International Corporation, one of the world's largest providers of automotive services, is... Honest-1 Auto Care Franchisees and Area Representatives Gather for 2010 National Franchise ConventionHonest-1 Auto Care franchisees and area representatives received awards for excellent performance, and new vendor relationships were announced at the company's 2010 National Franchise Convention held in mid-May at the Carefree Resort and Villas in...
Alloy Wheel Repair Specialists and Ride-On Join Forces for Distribution to Automobile SectorAlloy Wheel Repair Specialists and Ride-On Form Strategic Alliance... Auto-Lab Complete Car Care Centers Adds New Lauderhill Location in FloridaAuto-Lab Franchise Management Corporation, DBA Auto-Lab Complete Car Care Centers, announced the opening of a new store located at 6520 Commercial Blvd, Lauderhill, Florida. The store is owned and operated by Auto-Lab of Lauderhill, LLC, and brings... Christian Brothers Automotive Corporation Earns 2010 Better Business Bureau AwardChristian Brothers Automotive Corporation, a national automotive repair chain known for its upscale design décor and ethical business practices, has once again been honored with the Better Business Bureau's coveted Winner of Distinction award. Creative Colors International Franchise Opportunity is ranked in the Top 10% of ALL franchises nationwide!After much research and compiling survey results, Creative Colors International, Inc., has been named by G.I. Jobs magazine as a Military Friendly Franchise for 2010. Honest-1 Auto Care Announces Signing of Franchise Agreement in Minneapolis/St. PaulHonest-1 Auto Care, the only national full-service auto repair and maintenance franchise that is 100 percent ESA™ Certified Eco-Friendly, today announced the signing of a franchise development agreement with Matt Sederstrom to open a new location at Precision Tune Auto Care signs agreement with Nigerian Company to open stores in Nigeria and GhanaPrecision Auto Care, Inc. (OTC Bulletin Board: PACI) signed a master franchise agreement with senior executives of Linkup Global Concept Limited RC (Nigeria) giving that firm's affiliate, Precision Tune Auto Care (Nigeria) Company Limited, a license... Dollar Thrifty Automotive Group Comments on Avis Budget Group LetterDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today issued the following statement on Avis Budget Group's May 3, 2010 letter: Fiesta Auto Insurance Opens New Location in New YorkFiesta Auto Insurance, the nation's only insurance and tax preparation business, announced the grand opening of its newest location situated at 235 E. 117th Street in New York. Dollar Thrifty Automotive Franchise Group Reports Best First Quarter Profit In Its HistoryDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the first quarter ended March 31, 2010. Net income for the 2010 first quarter was $27.3 million, or $0.91 per diluted share, compared to a net loss of $8.9 million, or $0.42... |
Features & Special ReportsFranchising With Family Members Can Be Fraught With Danger Or Filled With SuccessIt can be difficult enough to get a franchise up and running on your own, or with other operational and investing partners, but it can be downright arduous if family members are involved in the deal. But that's the route some franchisees take and when done properly this management model can provide years of personal and professional harmony. But there are some secrets to making it work. Go in unprepared and you could break up a business and a family. The Winner's ColumnAs savvy franchise companies continue to flourish in this challenging economy, FUSR will continue to bring you good news each month, highlighting brands that are adding units, increasing comp store sales, striking deals with investors, and continuing to grow despite the economy - maybe even because of it. And, as the U.S. struggles through its "jobless recovery," growth-oriented franchisors continue to look overseas for expansion opportunities. Sales Intelligence for Superior Performance, Part 2Aggressive growth companies measure the performance of their sales personnel just as they do their advertising. With high recruitment expenses you can't afford mediocre selling performance, which costs dearly in lost franchise deals. A policyholder survey by Prudential Insurance revealed that the greatest influencing factor in the buying process is the sales person. Turning Around Struggling FranchiseesTwo years of tight credit and reduced consumer spending have left many franchisees reeling and put a serious crimp in franchisors' royalty streams. Workout professionals and bankruptcy attorneys experienced in franchising discuss what franchisors can do to help turn around distressed units - without spending scarce funds or getting themselves into legal hot water. New Gift Card Regulations Kicked in August 22ndLast year when President Obama signed the Credit Card Act of 2009 (the Act") into law, the nation's attention largely focused on those provisions of the law that aim to change the way credit card companies do business with consumers. However, since the Act imposes requirements on gift card issuers, it also changed the way many retailers and franchise companies will do business with consumers. Strong Cultures Sell More Franchises!Every franchise organization has a culture, the same way every person has a personality. If your franchise brand is serious about growth and development, ask yourself these two questions: 1) Does our franchise system have a strong, positive culture?; and 2) Is it a culture that promotes selling franchises? Special Operations: Franchising in a Strange LandOpening franchise units in nontraditional locations has been the domain of specialists--but not anymore. With the economy still slumping, lending still tight, and suburban expansion at a standstill, many multi-unit franchisees are exploring the viability of sites such as airports, hotels, colleges, senior centers, highway rest stops, hospitals, and military bases. Rolling with the Punches: Franchisors Continue Adapting to ChangeThe rules and methods for franchise sales are changing daily with the general public's increasing awareness of the economy, deficits, lending, the housing market, and more. As some of us "graybeards" can remember, this isn't the first time the rules have changed--and it won't be the last. Change on the HorizonJust like any business, the franchising business is one that I have seen evolve tremendously over the past 30 years. While many of the cornerstones and crucial elements - product, simplicity, control, and support - remain the same, so much is changing. Hiring Entrepreneurs: A Case Study of Hiring the Spirit of SuccessAs we continue to mine Dave Melton's book, <i>Hire the American Dream,</i> I thought it would be interesting to highlight a case study that demonstrates just how successful smart hiring can be. Here Melton describes his experience hiring an immigrant.
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