September 09, 2010
Topics:Industries:
|
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
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
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. 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 Canadian Tire Franchise Sends Goods and Equipment to Atlantic Canada in Preparation for Hurricane EarlToday, Canadian Tire sent trailers full of household goods and emergency supplies to meet demand in Eastern Canada as residents prepare for the arrival of Hurricane Earl. 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... 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. 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. 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. 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 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 Precision Tune Auto Care signs agreement with Nigerian Company to open stores in Nigeria and GhanaPrecision Auto Care, Inc. (Pink Sheets: PACIPK) 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 to open...
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 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
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
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...
Waterless Car Wash? ecowash mobile Franchise Set to Clean Up U.S. MarketA car wash that uses no water? A concept that at first sounds borderline impossible is fast becoming a reality around the world, and America is its next big stop.
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 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:/ Enterprise Rent-A-Car and Europcar Expand Strategic Alliance To Create the World's Largest Car Rental NetworkEnterprise Rent-A-Car, North America's largest car rental company, and Europcar, the number one car rental company in Europe, today announced they have enhanced their strategic alliance to include the Enterprise brand in North America, as well... 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 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 ALTA MERE INDUSTRIES TARGETS ATLANTA FOR EXPANSIONAuto imaging company capitalizes on concept popularity, plans 12 new area locations by the end of 2008 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." 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... 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... EagleRider, the World's Largest Renter of Harley-Davidson Motorcycles, Partners With Bruce RossmeyerEagleRider, the world's largest renter of Harley-Davidson motorcycles, is pleased to announce with Bruce Rossmeyer, Owner and CEO of 15 Harley-Davidson® locations, the opening of new EagleRider locations within Bruce Rossmeyer's Boston Harley-Davidson 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.
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 Meineke Car Care Centers, Inc. Appoints New PresidentMeineke Car Care Centers, Inc., a leader in franchised automotive services, named today as its new president Keenan V. Moran, a seasoned franchising professional with extensive experience in the automotive services industry.
Jiffy Lube International Awards Standout FranchiseesJiffy Lube® International named Joel Lamothe, Jr. of AFML, Inc. and Don Fowler of Broadbase, Inc. the 2006 Jiffy Lube® Eastern and Western Division Franchisees of the Year... Honest-1 Auto Care Extends Commitment to Environment To Raise Grand Total of Planted Trees to 100,000Honest-1 Auto Care, the only national full-service auto repair and maintenance franchise that is 100 percent ESA™ Certified Eco-Friendly, announced today that it will fund the planting of an additional 60,000 trees during the coming year, adding to Rent-N-Roll To Re-Brand As RNR Custom Wheels And TiresLarry Sutton, President of RENT-N-ROLL, LLC, revealed plans to re-brand RENT-N-ROLL Custom Wheels and Tires to RNR Custom Wheels and Tires. 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 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... Auto-Lab Complete Car Care Centers Adds New Monroe Location to MichiganAuto-Lab Franchise Management Corporation, DBA Auto-Lab Complete Car Care Centers, announced the opening of a new store located at 15396 S. Dixie Hwy in Monroe, MI. The store is owned and operated by Auto Repair USA, LLC, and brings the number of... 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. |
Features & Special ReportsFamily Friendly: A case study on family-run franchisingFamily-run franchise operations can offer a blessing, or a curse. An example of the blessing would be the close relationships and high degree of trust that exists in many families. In this case, success generally follows. But an example of the curse of family-run franchises could be the inability to separate business from family. That could be a serious problem after 5:00 and on weekends. Still, many families find the attraction of working together a strong pull and the results can be quite productive. Families like Ed Doherty's are a perfect example.< Mentor-Motivated: Two Key Individuals have Inspired Jerry HeathTwo people have figured prominently in Jerry Heath's career. The first is his father, who helped bankroll him when he started out in franchising. The second is Steve Jackson, the president of Hungry Howie's Pizza, who began mentoring Heath at an impressionable age (12). Stop the Bleeding: What Franchisors can do to Help Struggling FranchiseesTwo years of tight credit and reduced consumer spending not only have left many franchisees reeling, they've also put a serious crimp in their franchisors' royalty streams. We asked workout professionals and bankruptcy attorneys experienced in franchising what franchisors can do to help turn around their distressed franchisees--without spending precious funds or getting themselves into legal hot water. Franchising 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.
|
