February 06, 2012
Franchise News Watch

Your Automotive Franchise Financial News Source

Franchise News Watch brings you the latest in automotive franchising financial 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.

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Automotive Franchise Financial News

Racing Limos America Looks to Build on Third Quarter 2,000% Revenues Burst

Racing Limos America, Inc., a subsidiary of Atlas Technology Group (OTC: ATYG), is expecting continued revenue growth through Q4 2011 and into 2012.

Racing Limos America Reports Strong Third Quarter Revenues

Racing Limos America, Inc., a subsidiary of Atlas Technology Group (OTC:ATYG.PK), is reporting strong third quarter revenues.

Racing Limos AmericaTM Announces Their 2012 Marketing Effort: Plans to Run with the ″Big Dogs″ in a $500 Billion Industry

Racing Limos AmericaTM, Inc., a subsidiary of Atlas Technology Group (OTC:ATYG.PK), announces its new marketing effort for 2012.

Palladium Equity Partners and Management Announce Recapitalization of ABRA Auto Body & Glass

Palladium Equity Partners, LLC, a private investment firm, announced today that it has partnered with management to recapitalize ABRA Auto Body & Glass, a leading national provider of vehicle damage repair services.

Golub Capital Provides Senior Subordinated Notes to Support the Recapitalization of ABRA Auto Body & Glass by Palladium Equity Partners and Company Management

Golub Capital announced today that it provided a $27.9 million senior subordinated debt facility and an equity co-investment to support the recapitalization of ABRA Auto Body & Glass by Palladium Equity Partners, LLC.

Snap-on Increases Quarterly Dividend 6.3%

Snap-on Incorporated's (NYSE: SNA) Board of Directors declared today a quarterly common stock dividend of $0.34 per share payable December 9, 2011, to shareholders of record on November 18, 2011.

Dollar Thrifty Automotive Group Announces Issuance of $400 Million of Medium-Term Asset Backed Notes

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that its Rental Car Finance Corp. subsidiary completed the private placement of $400 million of Series 2011-2 asset backed medium-term notes.

Snap-on Announces Third Quarter 2011 Results

Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the.

Dollar Thrifty Announces Completion of Solicitation Process

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it has formally concluded its process to solicit definitive proposals regarding a potential business combination.

MAACO Collision Repair and Auto Painting

Maaco Partners With Franchise America Finance For Franchise Lending Program

Maaco, the nations leading paint and collision service provider, has signed an agreement for a franchisee lending program with Franchise America Finance (FAF).

Dollar Thrifty Automotive Group Renews Asset Backed Financing Facility, Increases Capacity to $600 Million

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that its Rental Car Finance Corp. subsidiary completed the early renewal of its Series 2010-3 Asset Backed Variable Funding Notes.

Dollar Thrifty Automotive Group Amends Senior Secured Credit Facility, Authorizes $400 Million Share Repurchase Program

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced the completion of an amendment to its senior secured credit facility that increased the aggregate amount of share repurchases permitted under the facility.

Midas

Midas to Present at CL King Conference; Reports Continuing Increases in Retail Sales

The presentation by Midas, Inc. (NYSE: MDS), at the C L King "Best Ideas" Conference at the Omni Berkshire Place Hotel in New York will be available via webcast on Tuesday, Sept. 13, beginning at 2:45 p.m. ET.

Dollar Thrifty Automotive Group to Announce Second Quarter 2011 Financial Results

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) will announce second quarter 2011 financial results prior to market open on Monday, August 8, 2011. A conference call to review the Company's second quarter 2011 results will be held at 9:00 a.m. CT onMo

Snap-on Incorporated Declares Quarterly Dividend

The Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $0.32 per share payable June 10, 2011 to shareholders of record on May 20, 2011. Snap-on has paid consecutive quarterly cash dividends, without int

Midas

Midas' Bank Group Grants Waiver, Modifies Loan Convenants to Accommodate Payment of Award in European Arbitration

Midas, Inc. (NYSE: MDS) has been granted a waiver by its bank group for violating certain financial covenants in its existing revolving credit facility, as a result of a recent ruling in the arbitration between the company and its European licensee MESA S

Snap-on Incorporated Declares Quarterly Dividend

The Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $0.32 per share payable March 10, 2011 to shareholders of record on February 24, 2011. Snap-on has paid consecutive quarterly cash dividends, witho

Dollar Thrifty Announces Results Of Special Meeting Of Shareholders

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that the Company did not obtain the requisite votes to execute its definitive merger agreement with Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz") at the special meeting of shareholders

Midas

Midas Auto Repair Franchise Reports Second Quarter Results of $0.06 Per Share

Midas, 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

Snap-on Incorporated to Webcast 2010 First Quarter Results Conference Call

Snap-on Incorporated (NYSE:SNA) will release 2010 first quarter results prior to the market open on Tuesday, April 20, 2010. A conference call to discuss the results will be held at 10:00am ET on that day. The conference call, with accompanying...

Dollar Thrifty Automotive Group to Announce First Quarter 2010 Financial Results

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) will announce first quarter 2010 financial results prior to market open on Wednesday, April 28, 2010.

Midas

Midas Reports Fourth Quarter and Full Year 2009 Results

Midas, Inc. (NYSE: MDS) reported a net loss of $(0.2) million--or $(0.02) per diluted share--for the fourth quarter ended Jan. 2, 2010, compared to net income of $2.7 million--or $0.20 per diluted share--in the prior year.

Snap-on Announces Fourth Quarter and Full Year 2009 Results

Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced 2009 financial results for the fourth quarter and full year.

Dollar Thrifty Automotive Group Provides Fourth Quarter Update

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today provided an update on its outlook for the fourth quarter and full year of 2009. The Company announced that it expects fourth quarter Corporate Adjusted EBITDA to be within a range of $10 million...

Snap-on Incorporated Declares Quarterly Dividend

The Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $0.30 per share payable December 7, 2009 to shareholders of record on November 16, 2009. Snap-on has paid consecutive quarterly cash dividends...

Snap-on Announces Third Quarter 2009 Results

Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced operating results for the third quarter of 2009.

Midas

Midas Reports Third Quarter Earnings

Midas, Inc. (NYSE: MDS) reported net earnings of $1.4 million—or $0.10 per diluted share—for the third quarter ended Oct. 3, 2009. The 2009 results compare to net earnings of $1.7 million—or $0.12 per diluted share—in 2008.

Snap-on Incorporated to Webcast 2009 Third Quarter Results Conference Call

Snap-on Incorporated (NYSE:SNA) will release 2009 third-quarter results prior to the market open on Thursday, October 29, 2009. A conference call to discuss the results will be held at 10:00am ET on that day. The conference call, with accompanying...

Dollar Thrifty Automotive Group Provides Third Quarter Update

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that based on preliminary results, it expects vehicle rental revenues for the third quarter of 2009 to decrease approximately 12% compared to the third quarter of 2008, as an approximate...

Dollar Thrifty Automotive Group Provides Update on Closure of Non-Strategic Locations

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today provided an update on its previously announced location closure plans. As previously announced, as part of the Company's strategy of maximizing return on assets, certain corporate-owned stores...

Snap-on Announces Second Quarter 2009 Results

Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced operating results for the second quarter of 2009.

Snap-on Incorporated Declares Quarterly Dividend

The Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $0.30 per share payable September 8, 2009 to shareholders of record on August 17, 2009. Snap-on has paid consecutive quarterly cash dividends...

Midas

Midas Reports Second Quarter Earnings of $0.03 Per Diluted Share after $0.09 of Non-Cash Special Items

Midas, Inc. (NYSE: MDS) reported net earnings of $0.4 million--or $0.03 per diluted share for the second quarter ended July 4, 2009, compared to $2.2 million--or $0.16 per diluted share--in the second quarter of 2008. The second quarter 2009 results...

Dollar Thrifty Automotive Group Provides First Quarter Update

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that based on preliminary results, it expects total vehicle rental revenues for the first quarter of 2009 to increase approximately 2 - 3% compared to the fourth quarter of 2008, as...

Midas

Midas Delays Filing Annual Report on Form 10-K; Additional Pension Expenses Will Affect 2006 - 2008 Results; 2008 Earnings Per Diluted Share Revised t

In its filing today with the Securities and Exchange Commission, Midas, Inc. (NYSE: MDS) reported that the company had discovered and corrected an error in its third party actuary's calculation of the annual projected pension benefit obligation.

Midas

Midas Reports 2008 Earnings Per Diluted Share of $0.57; Cash Flow from Operating Activities Remains Strong at $1.90 Per Share

Midas, Inc. (NYSE: MDS) reported net earnings of $7.9 million--or $0.57 per diluted share--for the fiscal year ended Jan. 3, 2009, compared to net income of $13.3 million--or $0.91 per diluted share--in the prior year.

Dollar Thrifty Automotive Group Reports Results, Ends 2008 With $230 Million in Unrestricted Cash

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the fourth quarter and year ended December 31, 2008. The net loss for the 2008 fourth quarter was $72.2 million, or $3.36 per diluted share, compared to a net loss of $30.6...

Dollar Thrifty Automotive Group to Announce Fourth Quarter and Full Year 2008 Financial Results

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) will announce fourth quarter and full year 2008 financial results prior to market open on Wednesday, February 18, 2009.

Dollar Thrifty Automotive Group Provides Year-End Update

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that, based on preliminary estimated results, it ended the year with an unrestricted cash balance in excess of $210 million, approximately the same balance the Company reported on...

Dollar Thrifty Automotive Group Update on NYSE Listing Status

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG), announced today that on December 23, 2008, the Company notified NYSE Regulation, Inc. ("NYSER") that it was not in compliance with the continued listing standard of the New York Stock Exchange under...

Precision Auto Care Announces First Quarter FY 09 Results

Precision Auto Care, Inc. (Pink Sheets: PACI) announced its financial results for the first quarter of fiscal year ending June 30, 2009. Revenue was $3.2 million and loss was $6,000, or $0.00 per share, compared with a profit of $191,000, or $0.01 per...

Snap-on Incorporated Declares Quarterly Dividend

The Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $0.30 per share payable December 8, 2008 to shareholders of record on November 17, 2008. Snap-on has paid consecutive quarterly cash dividends...

Dollar Thrifty Automotive Group Reports Third Quarter 2008 Results

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the third quarter ended September 30, 2008. Net income for the 2008 third quarter was $18.9 million, or $0.87 per diluted share, as compared to net income of $11.3 million, or...

Midas

Midas Reports Third Quarter Earnings of $0.12 Per Diluted Share after $0.04 of Special Items; Strong Start for Co-Branded SpeeDee-Midas Shops in Centr

Midas, Inc. (NYSE: MDS) reported net earnings of $1.7 million--or $0.12 per diluted share--for the third quarter ended Sept. 27, 2008, compared to $3.0 million--or $0.21 per diluted share--in 2007. The 2008 results include $0.04 per share of special items

Snap-on Announces Record Third Quarter 2008 Earnings

Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced operating results for the third quarter of 2008.

Dollar Thrifty Automotive Group Provides Update on Liquidity

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it anticipates closing the third quarter with a profit. Additionally, the Company expects to end the third quarter with an unrestricted cash balance in excess of $200 million, up...

Dollar Thrifty Automotive Group to Announce Third Quarter 2008 Financial Results

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) will announce third quarter 2008 financial results prior to market open on Wednesday, November 5, 2008.

Dollar Thrifty Automotive Group Amends Credit Agreements for Sixty Days

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that the Company successfully amended its senior secured credit facility to modify the level of permissible leverage during the period beginning September 30, 2008 and continuing through...

Snap-on Incorporated Declares Quarterly Dividend

The Snap-on Incorporated board of directors declared today a quarterly common stock dividend of $0.30 per share payable September 8, 2008 to shareholders of record on August 18, 2008.

Dollar Thrifty Automotive Group Reports Second Quarter 2008 Results

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the second quarter ended June 30, 2008.


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Features & Special Reports

Creating a Cost-Effective Lead Generation Strategy

For many franchisors, the traditional advertising vehicles - portals, print advertising, PR, and broker networks - do not appear to be working as effectively as they were five years ago.

New Highlights from the 2012 AFDR

In the previous two issues of FUSR, we published (1) a high-level overview of the 2012 Annual Franchise Development Report (AFDR), followed by (2) a selection of highlights from the report.

Finding Your Optimal Buyer: Sellers Must Learn To Look Beyond Price

When sellers are contemplating a decision regarding the sale of their business, they overwhelmingly select the bidder with the highest price, only to find afterward that this might not have been the best decision for their circumstances.

The Four Steps to Lead Generation Success, Part 4: Wow 'Em!

This fourth installment builds on those ideas, showing how you can "wow" your candidates and the importance of how you present your concept to them.

The Winner's Column - February 2012

As savvy franchise companies continue to flourish in a volatile economy, FUSR continues to bring you good news each month, highlighting brands that are adding units, increasing comp store sales, striking deals with investors, innovating, and continuing to grow, whether domestically or overseas.

Jim Collins to Keynote 2012 Multi-Unit Franchising Conference

Multi-Unit Franchisee Magazine announced today that Jim Collins, business expert and best-selling author, will deliver the opening keynote address at the 2012 Multi-Unit Franchising Conference (MUFC).

Growing Up Franchising: Sam Covelli Develops Both His Brands And Employees

Sam Covelli says he grew up in the restaurant business working in his father's McDonald's. Under his father's leadership, Covelli Enterprises eventually grew to 26 locations, one of the largest McDonald's franchisees in the country.

Members Only: Ray Harrigill Builds A Successful Membership-Based Business Model

Ray Harrigill believes in diversification. His Sunray Companies has restaurants (Bumpers Drive-In), tanning salons (Palm Beach Tan), fitness centers (Koko FitClub), and hotel properties (Hampton Inn), to name a few. That's because of lessons he's learned along the way.

Creating Jobs: Zane Tankel Is Taking Matters Into His Own Hands

Zane Tankel is not waiting on any government job programs to help his business.

CMO Roundtable - Using Profiling to Retain More Customers

What are some fresh, innovative ways you are using profiling, targeting,<br /> and loyalty programs to acquire and retain more customers?

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