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“Hey let’s go out and grab some Halal food!” This line has now become all too common, especially if you live in New York City where Halal food carts are sprawled all over Manhattan. But going out for a Halal dinner doesn’t necessarily mean restricting your choices to the local Pakistani or Middle Eastern eatery. [...]
Australia has gone crazy over franchising. After taking off about 15 years ago, there are now roughly 800 franchised brands in Australia, with more than 50,000 individual businesses, according to the Franchise Council of Australia.
The fast-food chain, which runs 1,200 “restaurants” in Britain, unveiled more than a 10pc increase in like-for-like trading in the UK in 2008 and “momentum has continued” this year, according to Easterbrook. That performance comes against a fast-food sector which slipped into decline in the first quarter this year.
“I enjoy getting together with the other franchisees and talking about best business practices – what’s working for them and what’s not working for them,” said Ray Bird, a ColorTyme franchise owner based in Rhode Island and member of the ColorTyme Franchise Advisory Council.
“We firmly trust that if you believe it you can achieve it,” said Cindy Kuhnau, co-founder and vice president of Smoothie King. “We are excited about new franchise openings and new smoothie products and offerings launching this summer.”
The economy made it harder for the owners of Anytime Fitness in Bonsack to get their business off the ground.
The fast-food restaurant franchise brought business and community leaders together to help attract franchisees.
WHEN the Australian operator of fast-food franchise Hell’s Pizza launched in Queensland a year ago, it didn’t want to let its irreverent brand wither on the vine.
On March 25th Little Sheep, a Chinese restaurant chain, announced that Yum! Brands of the US will buy a 20% stake in the company for HK$493m (around US$64m). One of China’s largest restaurant franchises, Little Sheep wants to take Mongolian hotpot, a local speciality and winter staple in northern China, global
The cost of having a franchise is broken down into several components — there is a $10,000 application fee and a $35,000 initial fee.
Then royalty fees are typically 4.5 percent of the gross room revenue, a marketing fee is 2.5 percent of the gross room revenue and residential fees are 1.25 percent of the gross room revenue.
Other franchisers dropping arbitration clauses included Precision Tune Auto Care and pizzeria operator Hot Stuff Foods LLC.
On the other hand, Jazzercise Inc., a Carlsbad, Calif., a franchiser of fitness centers, embraced arbitration in 2000 after going without a contractual conflict-resolution method.
The economic downturn has left a lot of would-be franchisors wondering what type of franchise model can survive these conditions. But for Peter Taunton, the answer is simple: Find a recession-proof concept and expand internationally, very fast.
