March 10, 2010
Topics:Industries:
|
Your Food Franchise News SourceFranchise News Watch brings you the latest in food franchising news from around the web. As a news aggregator for the food franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Food Franchise NewsSaladworks Names Newest Seasonal Salads After Its FansSaladworks, the nation's first and largest fresh-tossed salad franchise concept, announces today the winners of its "Create-Your-Own Powerhouse Salad" Contest. The contest asked Saladworks fans to submit their own Powerhouse Salad creation based on... Zpizza Grabs Peta2 Awardzpizza, the fast casual pizza chain, has won the Libby Award for Most Vegan-Friendly Restaurant Chain from peta2, the world's largest youth animal rights organization. The fourth annual Libby Awards... Sonic to Present at the Bank of America Merrill Lynch 2010 Consumer ConferenceSonic Corp. (NASDAQ: SONC), the nation's largest chain of drive-in restaurants, today announced that the company will be participating in and presenting at the Bank of America Merrill Lynch 2010 Consumer Conference, which takes place in New York City. The 2010 BK(R) NEXT BEST MOVE(SM) National Tour Hits Columbia on March 20Burger King Corp. (NYSE: BKC) brings its first-ever BK(R) NEXT BEST MOVE(SM) national mobile tour to the Columbia area on March 20, 2010, to find "game-changers" both on the basketball court and in the community. Local ballers can show off their best...
Crave It, Click It, Come In and Get It From Chili'sWhether planning for hectic family schedules, middle of the day meetings or simply not wanting to cook dinner, finding a simple and quick solution to meal planning just got easier. From your fingertips straight to Chili's(R) Grill & Bar kitchens, gues Ruby Tuesday, Inc. Reports Continued Sales ImprovementRuby Tuesday, Inc. (NYSE: RT) today announced that same-restaurant sales for Company-owned restaurants were -0.8% to -1.0% in the third quarter ended March 2, 2010, compared to the same quarter of the prior year. Severe weather during the quarter is... Beef 'O' Brady's Bowl St. Petersburg Debuts New LogoThe Beef 'O' Brady's Bowl St. Petersburg and ESPN Regional Television introduced a bright new logo today, incorporating a recently updated Beef 'O' Brady's logo in the bowl game's new look. Beef 'O' Brady's was named the St. Petersburg Bowl presenting... Domino's(R) Partners with the National Fire Protection Association to Deliver Fire Safety MessageSpring is right around the corner and Domino's Pizza(R) (NYSE: DPZ), the recognized world leader in pizza delivery, announced today its spring fire safety campaign to encourage customers to focus on safety in the home -- especially in the kitchen. Fatburger Launches Second Location In Dubai, Delivering Its Signature American Fare To Locals And Visitors AlikeFog Cutter Capital Group Inc.'s (OTCBB: FCCG) Fatburger restaurant unit this week announced its latest Middle East launch scheduled for mid-March in Dubai, marking the popular American restaurant chain's second location in the cosmopolitan city. The 2010 BK(R) NEXT BEST MOVE(SM) National Tour Hits Charleston on March 17Burger King Corp. (NYSE: BKC) brings its first-ever BK(R) NEXT BEST MOVE(SM) national mobile tour to the Charleston area on March 17, 2010, to find "game-changers" both on the basketball court and in the community. Local ballers can show off their... Domino's Pizza Names John Macksood to EVP, Supply ChainDomino's Pizza (NYSE: DPZ),the recognized world leader in pizza delivery, today announced it has named experienced leader John Macksood to the position of Executive Vice President of Supply Chain. Macksood, 47, has been with the company for 24 years. Benihana Inc. Announces Summary Judgment Related to Pending Litigation By Former Haru Minority Shareholders Has Been Granted in All Material AspectsBenihana Inc. (NASDAQ: BNHNA; BNHN), operator of the nation's largest chain of Japanese theme and sushi restaurants, today announced that its motion for summary judgment in the pending litigation against it brought by the former minority shareholders... Franchisee Turned Franchisor Reinvents Mama Fu'sBusiness has been 'sizzling' at Mama Fu's since Murphy Adams Restaurant Group purchased the Pan-Asian concept from Raving Brands nearly two years ago. Complete with a new prototype, retooled menu and an innovative "flex-casual" service model, Mama Fu's... Guadalajara Welcomes Johnny Rockets With Special Grand Opening CelebrationExpanding upon the international restaurant chain's growing presence in Central Mexico, Johnny Rockets announces Zapopan, Jalisco as the newest Home of the Original Hamburger. Johnny Rockets will host a special grand opening celebration on March 18 for... NexCen Brands Announces Development Agreement to Further Expand Its Franchised Brands in the Middle EastNexCen Brands, Inc. (PINK SHEETS: NEXC.PK) today announced that the Company has signed an agreement with existing master developer, DRH Group Inc. BVI, for the development of four Marble Slab Creamery stores in Egypt, a new market for NexCen's...
Healthy Fast Food Subsidiary U-Swirl International To Sponsor 2010 Multi-Unit Franchising Conference in Las VegasHealthy Fast Food, Inc. (OTC Bulletin Board: HFFI) and its wholly owned subsidiary U-SWIRL International, Inc., the owner and franchisor of U-SWIRL(R) self-serve frozen yogurt stores, today announced that U-SWIRL is proudly serving as a Silver...
Nation's Largest Italian Ice Chain to Hold 18th Annual First Day of Spring GiveawaySaturday, March 20 will mark a "sweet" date for Italian Ice lovers – and those looking for a free dose of happiness in today's troubled economy. Rita's Franchise Company, the nation's largest Italian Ice chain, will hold its 18th annual First Day of McDonald's Global Comparable Sales Increase 4.8% in FebruaryMcDonald's Corporation today announced global comparable sales growth of 4.8%in February. Performance by segment was as follows... Wendy's/Arby's Group, Inc. to Present at Two Investor Conferences in MarchWendy's/Arby's Group, Inc. (NYSE: WEN), the third largest quick-service restaurant company in the United States, announced its participation in two upcoming investment conferences. The dates, times and speakers are as follows...
More than a Great Brand. Tim Hortons outlines strategic growth catalysts and financial outlook at investor conferenceDuring the Tim Hortons Inc. (TSX: THI, NYSE: THI) investor conference today, president and CEO Don Schroeder and other members of the executive team will outline strategic growth catalysts designed to build on Tim Hortons position as a leader in the... Burger King Holdings, Inc. to Present at the J.P. Morgan 2010 Gaming, Lodging, Restaurant & Leisure ConferenceBurger King Holdings, Inc. (NYSE:BKC) announced today that the company will participate in the J.P. Morgan 2010 Gaming, Lodging, Restaurant & Leisure Conference on Thursday, March 18, 2010, at the Wynn Encore Las Vegas, located at 3131 Las Vegas Blvd. Burger King Holdings Declares Quarterly DividendBurger King Holdings Inc. (NYSE:BKC) announced today that its board of directors has declared a quarterly dividend of $0.0625 per share of common stock. The dividend is payable on March 30, 2010 to shareholders of record at the close of business on... Red Robin Appoints Robert Aiken, Lloyd Hill, and Stuart Oran to the Board of DirectorsRed Robin Gourmet Burgers, Inc., (NASDAQ: RRGB) today announced the appointment of Robert Aiken, Lloyd Hill and Stuart Oran to its Board of Directors. Rubio's Fresh Mexican Grill(R) to Open New Restaurant in San Mateo, March 25thRubio's Fresh Mexican Grill will open its fifth location on the San Francisco Peninsula on Thursday, March 25th, at 38 E 4th Ave in Downtown San Mateo. The San Diego-based chain is introducing a new, more upscale design at its San Mateo restaurant...
The 2010 BK(R) NEXT BEST MOVE(SM) National Tour Hits Savannah on March 16Burger King Corp. (NYSE: BKC) brings its first-ever BK(R) NEXT BEST MOVE(SM) national mobile tour to the Savannah area on March 16, 2010, to find "game-changers" both on the basketball court and in the community. Local ballers can show off their best... Upcoming Domino's Pizza Investor EventDomino's Pizza, Inc. (NYSE: DPZ) announces the following webcast event... California Pizza Kitchen to Present at the Raymond James Institutional Investors ConferenceCalifornia Pizza Kitchen, Inc. (Nasdaq:CPKI) announced today that management will be presenting at the Raymond James Institutional Investors Conference in Orlando, Florida on Tuesday, March 9, 2010 at 1:05 p.m. ET. Spring. Free Rita's. PEEPS(R).Spring has officially sprung and Rita's is celebrating the much anticipated arrival of the new season with a FREE regular Ice and the launch of its new PEEPS(R) Italian Ice! T.G.I. Friday's(R) Restaurants to Host St. Patrick's Day PartyT.G.I. Friday's restaurants today announced it will feature two new Irish-themed drinks, an "Irish 'Rita" and a "St. Paddy's Peach," and reward members of its Give Me More Stripes® guest recognition program with double stripes on food purchases all... Outback Steakhouse To Support U.s. Troops And Their Families With $1 Million DonationOutback Steakhouse, a longtime supporter of U.S. military troops, today announced its commitment to donate $1 million to Operation Homefront, a non-profit organization that provides emergency and morale support for active troops, veterans and their... Noodles & Company Opens Flagship Restaurant on The Country Club PlazaNoodles & Company, the restaurant that serves made-to-order noodles, soups and salads inspired from around the world, will open its doors on The Country Club Plaza Sunday, March 7 at 10:30 a.m. The new restaurant is located at 540 Nichols Road at the. Jersey Mike's Subs Raises Funds To Support West Ranch High School At Grand Opening Owner Celebrates with Free SubsJersey Mike's Subs has officially opened its forty third location in California. Jersey Mike's owner, Stephen Youlios knows the importance of community relations and celebrated his ties with the area during the opening on March 3, 2010. Whitbread Announces Chief Executive SucessionWhitbread PLC today announces that Andy Harrison has been appointed as its next Chief Executive to succeed Alan Parker who has decided to retire from the company on his 64th birthday, 25 November 2010. Andy will join the company on 1 September as Chief...
Saladworks Inks Agreement with Multi-Unit Franchise Developer in Orange County, CA First Restaurant Planned for Early 2011Saladworks, the nation's first and largest fresh-tossed salad franchise concept, announces today that it has signed an agreement with a multi-unit developer for eight restaurant locations in Orange County, California. Areas of interest for development... Krispy Kreme Goes Bananas and Puts a Flavorful Twist on a Southern ClassicWarm up to spring with Krispy Kreme's sweet, new take on banana-inspired favorites. The 2010 BK(R) NEXT BEST MOVE(SM) National Tour Hits Jacksonville on March 13Burger King Corp. (NYSE: BKC) brings its first-ever BK(R) NEXT BEST MOVE(SM) national mobile tour to the Jacksonville area on March 13, 2010, to find "game-changers" both on the basketball court and in the community. Local ballers can show off their... Domino's Pizza Names James A. Goldman to Its Board of DirectorsDomino's Pizza (NYSE: DPZ), the recognized world leader in pizza delivery, has named Jim Goldman to its Board of Directors, effective March 1, 2010. Domino's Pizza Names Gregory A. Trojan to Its Board of DirectorsDomino's Pizza (NYSE: DPZ), the recognized world leader in pizza delivery, has named Gregory A. Trojan to its Board of Directors, effective March 1, 2010. Chipotle's Ells Presents at Senate Briefing in Support of PAMTAIn a presentation made at a Senate briefing in support of the Preservation of Antibiotics for Medical Treatment Act (PAMTA), Chipotle Mexican Grill (NYSE: CMG) founder, chairman and co-CEO Steve Ells argued that restaurant companies can be successful... Carvel Introduces Thick, Rich & Dreamy Low Fat Ice CreamCarvel is thrilled to introduce its latest irresistible treat: low fat ice cream! Now, any ice cream, novelty or cake at Carvel is available in a low fat option that tastes just as thick, rich & dreamy as the regular Carvel ice cream fans have been...
Domino's Pizza Announces 2009 Financial ResultsDomino's Pizza, Inc. (NYSE: DPZ), the recognized world leader in pizza delivery, today announced results for the fourth quarter and fiscal 2009, each ended January 3, 2010. During the fourth quarter, the Company's domestic same store sales grew.... Famous Dave's Named Winning Bidder for Seven Franchise RestaurantsFamous Dave's of America, Inc. (NASDAQ: DAVE) today announced that it was named the winning bidder for seven of the nine restaurants of North Country BBQ Ventures, LLC for cash consideration of approximately $6.8 million, after taking into account... |
Features & Special ReportsMulti-Tasking: What It Takes To Be A Successful Multi-Unit FranchiseeTwenty years ago, franchising meant buying the rights to and opening a single unit or business. But a changing trend has taken hold during the last two decades. Today, it's not uncommon for a single franchise operator to have 5, 6, or even dozens of units. FRANdata research notes the number of multi-unit operators now tops 34,000, and those operators control more than 155,000 franchised units in the U.S. It's a growth strategy that has proven effective but it should be approached with caution. Multi-unit operators are generally wired differently then their single-unit counterparts. Successful multi-unit operators are typically experienced, skilled, professional business executives who have chosen franchising as their business model. They possess the skills, training, capital, infrastructure, and vision to operate numerous units and have the ability to continue adding units to their portfolio--without stressing their organization or their stomach. Episode 006: The Benefits of a Franchise ModelFranchising provides benefits for both seller and buyer. For franchisors, the primary benefit is the ability to use other people's money to expand the brand more rapidly than they could either on their own or through investors or lenders. The initial franchise fee and ongoing royalties they collect allow franchisors to build their brand without sacrificing control to outsiders or the pressure of repaying lenders. Measure for Measure: Unit Economics Plays a Leading Role on Today's Economic StageThe most fundamental business strategy calls for black numbers on the bottom line. In simplest terms, it's proof the business is generating more cash than it is spending. All too often, though, entrepreneurs get involved in businesses without employing a proper system to help them keep a watchful eye on what they're earning and what they're spending. Managing day-to-day operations can be so time-consuming that it leaves little room for financial analysis. Or perhaps key individuals lack a basic understanding of how to read and interpret financial statements. Combine these factors with the down economy, and you'll likely wind up with a troubled business. Service Based Franchising: Where the Action IsLast week we ended our discussion of service concepts with the point that many of these businesses are based on customers making the choice to trade money (surplus) for time (deficit). The example we used was maid services, where time-starved customers spend money to buy time they can spend with their family and friends. Other examples of businesses built on services that customers could perform themselves but choose to pay someone else for include lawn and landscaping services, residential painting, oil change, and installation of home entertainment systems. Seven Steps to Fiscal Fitness: A "Fiscal Physical" Will Help Your Business Survive, Grow, and ProsperIn the few minutes it takes you to read this article, 40 businesses across the nation will fail--and that statistic was [i]before[/i] the economic downturn of the last 24 months. Tragic? Yes. Remarkable? Not at all. The road to business success is littered with the skeletons of companies whose owners--mostly brilliant and skilled individuals--failed to "take care of business" in the financial management of their enterprise. Service Based Franchising: What Franchisors WantWhen you first consider franchising as a business model, one of the choices that arises is which type of business, in which sector, suits you best. One basic choice is to make is goods or service; another is retail or home-based. In previous months, we've explored ways to find the sector, and the franchisor, most likely to give you the best chance of success. More recently, in the previous four weeks, we've discussed the attributes franchisors look for in franchise candidates in the retail sector and in the home-based sector. Here we apply the same lens to the services sector. Let's begin with the similarities. All franchisors want candidates who follow the system, pay royalties on time, possess marketing skills and savvy, know how to run a business, show leadership and growth potential, are good communicators, and are expansion-minded, community-oriented, and willing to give back to the system. Franchisors look for these skills whether you choose a service, retail, B2B, or other concept. Margaritas Mix: Franchise Veterans get on Board for Franchise LaunchThe south-of-the-border spirit of great Mexican food and authentic art could soon spread throughout New England and beyond, thanks to a new franchising and area development agreement rolled out by Margaritas Mexican Restaurant. The Winner's ColumnAs savvy franchise companies continue to flourish in this challenging economy, FUSR will 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. How To Work Franchise Trade Shows, Part 3: Quick Tips For Greater Success - And What To Do After The ShowThis last installment of a three-part series provides quick tips for greater success at the show, and the final ingredient for making the most of your trade show spend: what to do after you get back to the office to increase your franchise sales. Franchisors: Spread the Word on Tax CreditsThere are three essential areas of focus in a successful business: operations, sales, and financials. For the purpose of this discussion, let's assume you have a well-run operation and are doing as good a job as possible to maintain or increase sales. For most businesses, the easiest and most fun parts of the business are running it and having lots of happy and repeat customers.
|
