September 05, 2010
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Your Automotive Franchise Mergers & Acquisition News SourceFranchise News Watch brings you the latest in automotive franchising mergers & acquisition 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 Mergers & Acquisition NewsMidas Acquires 22 Northern California Midas Shops from FranchiseeMidas, Inc. (NYSE: MDS) has acquired 22 Midas automotive service shops in Northern California from franchisee Maurice I. Glad. The transition was completed this weekend, and the shops opened today under Midas' management. There was no interruption in... Jiffy Lube Franchise Group Announces Acquisition of 23 Service Centers in ColoradoJiffy Lube(R) franchisee Griffin Fast Lube today announced the acquisition of 23 Jiffy Lube service centers in Colorado, including locations in the Denver and Colorado Springs markets. In addition to the 27 Jiffy Lube service centers the company owns... Driven Brands Accelerates Growth with Maaco PurchaseDriven Brands, Inc., the parent of Meineke Car Care Centers, Econo Lube N' Tune, AutoQual, Aero Colours, Drive N Style, and Tortal.net, announced today the acquisition of Pennsylvania-based Maaco Franchising, Inc., the market leader in franchised auto...
1-800-Radiator, the Nation's Leading Auto-Parts Distribution Franchise, Announces Acquisition of B&B Radiator in Texas1-800-Radiator, an auto-parts distribution franchise and the largest independent auto parts distributor in the nation, today announced its purchase of B&B Radiator, a family-owned and operated automotive cooling parts business... Europcar International purchases its Asia Pacific master franchiseEuropcar Asia Pacific, one of the country's leading car rental companies, has been purchased by its parent company Europcar International for an undisclosed amount. Midas Acquires Franchisor of 181 SpeeDee Auto Service CentersMidas, Inc. (NYSE:MDS) has acquired the assets of G.C. & K.B. Investments, Inc., and its affiliated entities that franchise or sub-franchise 181 SpeeDee quick-lube and automotive maintenance shops in the United States and Mexico. 1-800-Radiator Announces Second Purchase in a Week of Automotive Radiator Business With Acquisition of San Diego, CA's AAA Radiator Warehouse1-800-Radiator, an auto-parts distribution franchise and the largest independent auto parts distributor in the nation, today announced its second purchase in a week of an automotive cooling parts business with the acquisition of AAA Radiator Warehouse... 1-800-Radiator Acquires Tri-US Radiator, a New York Family-Owned and Operated Automotive Cooling Parts Business1-800-Radiator, an auto-parts distribution franchise and the largest independent auto parts distributor in the nation, today announced it has acquired Tri-US Auto Radiator, a family-owned and operated automotive cooling parts business with locations... Dollar Thrifty Automotive Group Acquires Dollar and Thrifty Franchises in Six Airport MarketsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced the acquisition of the Thrifty Car Rental in-terminal operations at Kansas City International Airport; Omaha Eppley Airfield and Lincoln Airport in Nebraska; and Springfield-Branson... |
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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