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Franchising

All articles tagged with #franchising

Dave’s Backers Fuel Birria Boom With Mike’s Red Tacos Franchise Push
business10 days ago

Dave’s Backers Fuel Birria Boom With Mike’s Red Tacos Franchise Push

Bill Phelps and Andrew Feghali, early backers of Dave’s Hot Chicken, are backing Mike’s Red Tacos in a nationwide birria-franchise expansion that could add hundreds of restaurants across the U.S. and internationally; the two-location San Diego chain has already secured development deals for over 200 units, with Vincent Montanelli named president and founder Mike Touma retaining San Diego rights while remaining on the board as a franchisee.

via CNBC|
#birria#business#daves-hot-chicken
"How Crumbl Cookies Turned a Fun Side Hustle into a $1 Billion Annual Business: Making Success Accessible to Everyone"
business2 years ago

"How Crumbl Cookies Turned a Fun Side Hustle into a $1 Billion Annual Business: Making Success Accessible to Everyone"

Crumbl Cookies, founded by two cousins with no professional baking experience, has grown into a billion-dollar business with over 980 stores in the U.S., selling more than 300 million cookies in 2022. Leveraging social media and weekly limited-edition cookie drops, the company has amassed a large following and attracted franchising interest, leading to the opening of over 600 new stores. Despite facing trademark infringement lawsuits, co-founder Jason McGowan believes their success is replicable, emphasizing that anyone can start a business and succeed.

via CNBC|
#business#crumbl-cookies#entrepreneurship
"TGI Fridays Closes Dozens of Locations Nationwide Amid Underperformance"
business2 years ago

"TGI Fridays Closes Dozens of Locations Nationwide Amid Underperformance"

TGI Fridays announced the closure of 36 underperforming restaurants across the U.S. as part of a strategic move to optimize operations. The closures will affect approximately 1,250 employees, though over 80% will be offered transfer opportunities to other locations. The decision follows a corporate restructuring, including the sale of eight corporate-owned restaurants to the chain's former CEO, Ray Blanchette, and the appointment of Weldon Spangler as the new CEO. The closures span 12 states, with a concentration in Massachusetts, New Jersey, New York, Texas, and Virginia.

via CBS News|
##business#corporatestrategy
Franchisees Push Back Against McDonald's Business Model Changes
business2 years ago

Franchisees Push Back Against McDonald's Business Model Changes

Franchisees are pushing for new laws and rules to limit the power of franchisers, citing new fees, required vendors, and constraints on their ability to sell. The Government Accountability Office released a report finding that franchisees "do not enjoy the full benefit of the risks they bear." The Biden administration is moving on two fronts, the Federal Trade Commission and the National Labor Relations Board, to regulate franchisers. Franchisers attribute the flurry of activity to union influence, while franchisees have recently voiced support for joint employer rules.

via The New York Times|
#biden-administration#business#franchising