September 05, 2010
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Your Home Services Franchise Financial News SourceFranchise News Watch brings you the latest in home services franchising financial news from around the web. As a news aggregator for the home services franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Home Services Franchise Financial NewsRealogy Reports Results for Second Quarter 2010Realogy Corporation, a global leader in real estate and relocation services, today reported results for the second quarter ended June 30, 2010. Realogy's net revenue for the second quarter of $1.3 billion increased 23% compared to the same period in 2009. Realogy Reports Results for Full Year 2009Realogy Corporation, a global leader in real estate and relocation services, today reported results for the year ended December 31, 2009. Realogy had 2009 net revenue of $3.9 billion, a net loss attributable to the Company of $262 million, and earnings... Suburban Propane Partners, L.P. Announces Full Year and Fourth Quarter ResultsSuburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced results for its fourth quarter and fiscal year... Showhomes, a Franchise Company, Beats Franchise Sales Goal for 2nd Year in a RowDespite the turmoil and uncertainty of the national economy, a Nashville-Tenn.-based home staging franchisor Showhomes is beating its corporate sales goals and expanding rapidly into urban markets all over the country. Clockwork Home Services(R) Reports Franchise Growth for Second Quarter 2009Clockwork Home Services, Inc. (Clockwork) today announced franchise growth for the second quarter of 2009 within its portfolio of nationally branded home services companies. During the period from April through June 2009, Clockwork added 23 new...
Realogy Reports Results for Second Quarter 2009Realogy Corporation, a global provider of real estate and relocation services, today reported results for the second quarter of 2009. The Company had second quarter 2009 net revenue of $1.0 billion, a net loss of $15 million and earnings before... Suburban Propane Partners, L.P. Announces Third Quarter Earnings Following Twenty-Second Distribution IncreaseSuburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced earnings for its third quarter ended June 27, 2009. Clockwork Home Services(R) Reports Franchise Growth For First Quarter Of 2009Clockwork Home Services (Clockwork) today announced franchise growth for the first quarter of 2009 within its portfolio of nationally branded home services companies. During the period from January through March, 2009, Clockwork added 21 new plumbing... Suburban Propane Partners, L.P. Announces Strong First Quarter Earnings Following Twentieth Distribution IncreaseSuburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced earnings for its first quarter ended December 27, 2008. Homewatch CareGivers Records 32 Percent Revenue Growth in 2008Homewatch CareGivers announced record-setting growth for 2008 as domestic sales revenue increased 32 percent over the previous year and overall revenue grew 20 percent over 2007, announced President Leann Reynolds. Realogy Reports Results for Third Quarter 2008Realogy Corporation, a global provider of real estate and relocation services, today reported results for the third quarter of 2008. Specifically, the Company had third quarter 2008 net revenue of $1.3 billion, earnings before interest, income taxes... Realogy to Release Third Quarter 2008 Financial Results on November 5 and Host Conference Call on November 7Realogy Corporation, a global provider of real estate and relocation services, will release its financial results for the quarter ended September 30, 2008 after the close of business on Wednesday, Nov. 5, 2008. Suburban Propane Partners, L.P. to Hold Fiscal 2008 Fourth Quarter/Year End Results Conference CallSuburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that it has scheduled its Fiscal 2008 Fourth Quarter... Realogy Reports Results for Second Quarter 2008Realogy Corporation, a global provider of real estate and relocation services, today reported results for the second quarter 2008. Suburban Propane Partners, L.P. Announces Results for Third Quarter Following its Eighteenth Distribution IncreaseSuburban Propane Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and refined fuels and related products and services, as well as a marketer of natural gas and electricity, today announced results for...
Realogy Reports Results for First Quarter 2008Realogy Corporation, a global provider of real estate and relocation services, today reported results for the first quarter 2008. V2K International Announces Second Quarter ResultsV2K International, Inc. (OTC Bulletin Board: VTOK) announced today a loss of $119,420 for its fiscal 2008 second quarter ended March 31, 2008. Clockwork Home Services Secures $120 Million in Financing Capital from Prudential Capital Partners and Wachovia BankClockwork Home Services, Inc. (Clockwork), one of North America's fastest-growing operators of home services franchises, announced that it has secured a total of $120 million in financing from... Economic Recession Leads to Double Digit GrowthAs the United States heads toward an economic recession, the lawn care industry remains a strong market.
V2K Announces Increased Franchise Sales in CanadaV2K International, Inc. (OTC Bulletin Board: VTOK), announced today that 25% of the franchise locations opened this calendar year by its wholly owned subsidiary, V2K Window Fashions, have been in Canada. V2K currently has franchises operating in...
Realogy CFO Tony Hull's Response on S&P OutlookOn March 27, Standard and Poor's rating agency service affirmed Realogy's "B" corporate rating, but revised its outlook from "Stable" to "Negative." V2K Executes $6.1 Million Financing Term Sheet from Strategic Investment PartnerV2K International, Inc. (OTC Bulletin Board: VTOK), announced today that it has received and executed a $6,100,000 financing term sheet from Amerivon Holdings, LLC.
Realogy Corporation to Release Fourth Quarter and Full Year 2007 Results on March 20, 2008Realogy Corporation, a global provider of real estate and relocation services, will release its financial results for the fourth quarter and full year ended December 31, 2007 after the close of business on March 20, 2008, at which time it expects to... Realogy Corporation Announces Minority Equity Investment in CENTURY 21 China Real EstateRealogy Corporation, a global provider of real estate and relocation services, today announced that it has made a minority equity investment in CENTURY 21 China Real Estate, an independently owned company that serves as the master franchisor for... Clockwork Home Services(R) Reports Franchise Growth for Fourth Quarter and Full Year in 2007Clockwork Home Services (Clockwork) today announced its fourth quarter and full year franchise growth for 2007. During the fourth quarter period from October 1, 2007 through December 31, 2007, Clockwork added a total of 36 new plumbing, air... Suburban Propane Partners, L.P. Announces Solid First Quarter Earnings Following Distribution IncreaseSuburban Propane Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and refined fuels and related products and services, as well as a marketer of natural gas and electricity, today announced improved... Suburban Propane Partners, L.P. Declares $0.05 per Common Unit Increase in Annualized Distribution Rate to $3.05 per Common UnitSuburban Propane Partners, L.P. (NYSE: SPH), a distributor of propane gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that its Board of Supervisors declared the sixteenth increase... Realogy Announces Commencement of Exchange OfferRealogy Corporation, a leading global provider of real estate and relocation services, announced that it has commenced its exchange offer to all holders of its $1,700,000,000 principal amount of Senior Notes due 2014, $550,000,000 principal amount of... Suburban Propane Partners, L.P. Declares $0.15 per Common Unit Increase in Annualized Distribution Rate to $3.00 per Common UnitSuburban Propane Partners, L.P. (NYSE: SPH), a marketer of propane gas, fuel oil and related products and services nationwide, today announced that its Board of Supervisors declared the fifteenth increase (since the Partnership's recapitalization in... Suburban Propane Partners, L.P. Announces Improvement in Third Quarter Results Over Prior YearSuburban Propane Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide marketer of propane gas, fuel oil and related products and services, today announced improved results for the three months ended June 30, 2007 over the prior year quarter. |
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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