Entrepreneurs flock to franchises during recession
Traditional wisdom has it that no one opens a business in a recession, but the opposite is true: Recessions typically generate spurts of franchise activity.
Traditional wisdom has it that no one opens a business in a recession, but the opposite is true: Recessions typically generate spurts of franchise activity.
Predicting future retail business volume is complex, but it’s possible to identify retail trends in an area by combining sales data with econometric data, like the number of bankruptcies, the unemployment rate, housing starts, changes to relative home values and income levels, said Al Beery, director of client services at Pitney Bowes Business Insight
We’ve never done a restaurant, so it was good to know they knew what they were doing,” he says. “That’s why you get a franchise, to get that expertise.”
Today Gloria Jean’s Coffees is the most recognised coffee house brand in Australia and has emerged as one of world’s fastest growing franchises, operating in markets as diverse as Turkey, Singapore, the UAE and Mexico.
Australian-based retail logistics franchise Pack and Send is looking to build on its already successful franchise networks operating across Australia, New Zealand and the UK by expanding throughout Europe.
“From day one of becoming a Netstationers franchise my business was transformed and I realised that, without the worry of administration support, invoice and credit control, warehousing and distribution, I was free to go after bigger and better contracts for the first time in a long time.
The examples of Next, Odeon and Premier Inn are particularly relevant. All three are extremely well run companies and recognise that a specialist external/outsourced cleaning contractor offers quality and cost benefits verses in house models. Consolidating more volume into the hands of fewer external cleaning suppliers maximises the benefits as it gives the supplier more scale which in turn can be passed on to the customer in the form of cost efficiencies.
The Company will continue to work with its existing franchisees to assist
them in improving their revenues and operations, with the view to enhancing
their profitability.
The SB Sizzle agreement means Smashburger will have more than 75 restaurants in Texas over the next five years, making it Smashburgers’ largest market.
The Wellington founders of the quirky Hell Pizza chain have bought their baby back 2 1/2 years after selling it to TPF Group – the New Zealand Burger King franchise holders. Callum Davies, Stu McMullin and Warren Powell opened the first Hell Pizza in Kelburn, in Wellington in 1996. With a menu and branding themed [...]
Emmanuel’s patent-pending system conserves water by utilizing only two gallons to wash 15 cars versus 40 gallons used for one vehicle in a full serve conveyor car wash. The conservation of earth’s most precious resource is of critical importance to Emmanuel, who points out that under the country’s current usage habits, 36 states will experience severe water shortages by 2013.
The highly successful Australian specialty coffee franchise Gloria Jean’s Coffees will soon be saying a big “G’Day” to Canada. Gloria Jean’s Coffees plans to open its first coffee house in this country inside a year in a move that will likely increase competition for local franchise heavyweights — such as Tim Horton’s, Timothy’s, Second Cup [...]
Auto-Lab Franchise Management Corporation, announced the relocation of their corporate offices from Plymouth, Michigan, to Farmington Hills, Michigan. The new facility, with more than 5500 square feet, accommodates the expansion of offices as well as the creation of meeting facilities and a National Training Center.
May 5, 2009 – A leading international franchise researcher and educator says franchisors need to be focusing more on the health of their franchise relationships. Greg Nathan, a psychologist who heads the Australian based Franchise Relationships Institute, says “Franchisees are looking for strong, positive leadership now more than ever before and franchisors that appreciate this [...]
May 6, 2009 – Scottsdale, Ariz. – Noodles Development, LP today announced the sale of its two Nothing but Noodles restaurants in Albuquerque, New Mexico to local entrepreneur Gerald Tabet. Mr. Tabet is a real estate developer and builder for commercial properties in and around Albuquerque and the State of New Mexico. He is also [...]
PRESS RELEASE: ATLANTA, May 4 /PRNewswire/ — Tomorrow, Hooters Restaurants across the country will be hosting Cinco de Mayo parties, inviting guests to join in the festivities and try one of the latest Margarita specialty drinks. The Jose’s Blackberry Margarita and Spicy Mango Margarita are made with Jose Cuervo and are currently being featured in [...]
SPARTANBURG, SC-Denny’s Corp. is continuing its plan to increase its percentage of franchise-owned units, which should result in new-restaurant growth, executives said at the company’s first quarter conference call. Tweet This Post
Louisville-based A & W Restaurants Inc. has been approved by the U.S. Small Business Administration for listing on the SBA Franchise Registry, which will expedite the process for franchisees to get loans to start or expand their businesses with A & W. Fewer than 30 percent of all franchise systems qualify for listing on the [...]
Recession has many professionals ready to explore opportunities, challenges of franchises.
The new management of the Indianapolis-based chain hopes to sell as many as 1,500 Steak n Shake franchises, including smaller-format, limited-service locations in strip malls. They also are working on a new design for standalone locations.
Bark Busters offers home dog training. It began in Australia in 1989 and came to the United States in 2000.