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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : September 2008

Franchisers Sweeten Pot to Woo Buyers. Franchise companies, facing what many say is the toughest economic environment they've seen, are offering two-for-one deals, reduced fees and financing help to woo new buyers. They are also paying existing franchisees to help spread the word. .... [more] 30 Sep, 2008
Hauling Junk (With a Touch of Class). Value-added junk hauling may sound like a questionable product to sell: it assumes that people will pay hundreds of dollars to get rid of ratty sofas and assorted flotsam in professional and socially conscious ways. Yet to the bafflement of industry experts, quality junk-hauling sells. .... [more] 30 Sep, 2008
Panda Security Acquires German Franchise. Panda Security, a leading provider of IT security solutions, today announced that it has acquired its franchise operation in Germany, a business that has been operating successfully in the country since 2000. .... [more] 30 Sep, 2008
Whataburger buys out largest franchisee. Family-owned Whataburger has announced the acquisition of its largest franchisee, Barrand Inc., a Red Oak, Texas-based company with 47 Whataburger restaurants in Northeast Texas and the Florida Panhandle. .... [more] 30 Sep, 2008
Credit Crunch Squeezes Franchisees. Lenders are tightening credit to restaurant franchisees in a shift that could make it harder for owners to remodel existing locations and buy new restaurants. .... [more] 29 Sep, 2008
Triarc's $2.34B acquisition of Wendy's closes. Wendy's customers will see new options on the company's Frosty and burger-heavy menu as the chain tries to draw more attention to the quality of its food, the new chief executive said Monday after it was formally taken over by the owner of Arby's. .... [more] 29 Sep, 2008
easygates, LLC Announces New Franchisee. Bud Gates, Chairman and CEO of easygates, LLC announced the signing of a new easyhome franchise to develop several markets in Central Texas. The franchise, easycompany, LLC will develop at least 10 stores over the next 4 years. .... [more] 29 Sep, 2008
Barbeques Galore Orange County Franchise Changes its Name to Barbecues & More. Barbeques Galore, Orange County, an independently owned and operated franchise of Barbeques Galore USA for the past 22 years and the leading retailer of barbeques, grills and accessories, today announced the launch and rename of its retail stores "Barbecues & More". .... [more] 29 Sep, 2008
The Franchise Industry Applauds the Government Rescue Plan. The International Franchise Association (IFA) today applauded the bipartisan economic rescue plan agreed to by congressional leaders and urged both the House and Senate to pass it quickly. .... [more] 28 Sep, 2008
Saxbys swallowing Bucks County Coffee. Bucks County Coffee Co. L.L.C., the Langhorne chain that helped introduce gourmet brews to the region 26 years ago, changes ownership next week under a deal that would drop the familiar green-and-white moniker from most of its 16 coffee shops. .... [more] 26 Sep, 2008
Brooke Corp. faces another lawsuit by a bank. Brooke Corp. is facing another lawsuit by a bank, this one seeking $13 million plus interest and costs for breach of contract. .... [more] 25 Sep, 2008
Barbecue franchisee files for Chapter 11. Greater Atlanta Bar-B-Q LLC, a Norcross-based franchisee of Sonny’s barbecue restaurants, filed Thursday for Chapter 11 bankruptcy protection. .... [more] 25 Sep, 2008
McDonald's raises quarterly dividend by 33%. Hamburger chain McDonald's said Thursday it would raise its quarterly cash dividend by 33% to 50 cents a share as strong sales helped boost its overall cash from operations. .... [more] 25 Sep, 2008
Quiznos Appoints New COO, Executive VP. Quiznos today announced that Clyde Rucker has been named to executive vice president and COO, effective immediately. .... [more] 25 Sep, 2008
Franchise Services, Inc. Announces Acquisition of Signal Graphics. Franchise Services, Inc., a recognized leader in franchise management, announced today that it has completed its acquisition of Signal Graphics, a leading printing franchise operating 34 locations in 15 states. .... [more] 24 Sep, 2008
Franchisee deal to add to 2009 earnings: Buffalo Wild. Restaurant operator Buffalo Wild Wings Inc said it expects the acquisition of nine of its namesake franchisee outlets in Las Vegas, Nevada to be neutral to fourth-quarter earnings and accretive in 2009. .... [more] 24 Sep, 2008
Little Caesars Opens New Store Through Veterans Program. Little Caesar Enterprises Inc. today will open another location under the Little Caesars Veterans Program, as former United States Air Force Lieutenant Colonel, Joseph Alleca, opens his doors for business in Keller, Texas. .... [more] 24 Sep, 2008
BoA denies McDonald's franchises credit freeze. Bank of America said late Tuesday that it is not freezing any current or new lines of credit to McDonald's franchise owners, despite reports citing an internal memo from the fast-food giant advising franchisees of the contrary. .... [more] 23 Sep, 2008
Be Prepared in Case Your Franchiser Falls. About the last thing someone thinks about when buying a franchised business is what happens if the franchiser declares bankruptcy. But in this dicey economy, it is wise for both current and would-be franchisees to prepare for such a possibility. .... [more] 23 Sep, 2008

Toys"R"Us Children's Fund Donates $500,000 to Save the Children To Support Hurricane Relief Efforts. As part of its ongoing commitment to keep children safe and help them in times of need, the Toys"R"Us Children's Fund today announced a $500,000 donation to help Save the Children expand its work on behalf of children and infants impacted by Hurricanes Gustav and Ike. .... [more] 23 Sep, 2008
McDonald's says BofA won't boost lending. McDonald's Corp., the world's largest restaurant company, told some U.S. franchisees to seek other ways to finance store improvements after Bank of America Corp. declined to increase lending. .... [more] 22 Sep, 2008
Baskin-Robbins Names New Head of U.S. Hispanic Marketing. Baskin-Robbins is pleased to announce the appointment of Carlos Nunez as head of the company's U.S. Hispanic Marketing effort, a newly expanded role. .... [more] 22 Sep, 2008
Yodle Expands Successful Online Advertising Practice to Include Franchise Operations. Yodle, Inc., a leader in local online advertising and lead generation, announced today the expansion of its technology platform to include support of franchise operations. .... [more] 22 Sep, 2008
Krispy Kreme hopes to heat up sales with ice cream. Krispy Kreme's signature glazed doughnuts may be best hot, but its sales have been anything but in recent years. Now the chain is hoping that going cold — with its new soft-serve ice cream — will be the catalyst it needs. .... [more] 21 Sep, 2008
Kissimmee firm earns top international franchising award. PIP Printing & Marketing Services franchisees Frank and Clarice Petrellis of Kissimmee were named Franchisee of the Year by the International Franchise Association. .... [more] 19 Sep, 2008
Make & Take, franchisees battle in court. Three former franchisees of Make & Take Gourmet say they lost large sums of money on their stores after receiving false information concerning potential earnings from the company. .... [more] 19 Sep, 2008
New yogurt chain coming to Hawaii. Yogen Fruz, a Canadian-based frozen yogurt chain, plans to open seven stores in Hawaii, five of which will be on Oahu. .... [more] 18 Sep, 2008
A sign of the times: McDonald's going green. The golden arches are turning green. McDonald's franchisee Ric Richards is planning an environmentally friendly redo of his restaurant in Cary, N.C. .... [more] 18 Sep, 2008
Wendy's, Triarc Merger Approved. Today Arby's and Wendy's shareholders approved the proposed $2 billion merger of the two quick-serve companies. .... [more] 15 Sep, 2008
New Franchise Consulting Business Launched Despite Sluggish Economy. Virginia-based FranchiseThis! has launched itself as a new business startup despite a struggling national economy. .... [more] 14 Sep, 2008
Bank sues Brooke Corp., alleges misuse of revenue. A federal lawsuit filed by the Bank of New York Mellon against Brooke Corp. alleges that the company misused millions of dollars pledged to noteholders under securitizations and also asks that a receiver be appointed to control the company. .... [more] 12 Sep, 2008
Jamba closes $25M finance deal. Jamba Inc. has raised $25 million through a financing deal with Victory Park Capital Advisors LLC, an Illinois investment manager. .... [more] 12 Sep, 2008
Local couple named nation's top furniture franchisee. Becky and Jason Klassen, the owners of Furniture Medic in Wichita, recently received several awards during a national convention in Orlando. .... [more] 10 Sep, 2008
Positioned as Number One in the Pizza Industry, CiCi's Pizza Continues Expansion. CiCi's Pizza ranked fourth in franchise satisfaction within the QSR segment and first in the pizza industry, according to a comprehensive study recently conducted by Franchise Business Review. .... [more] 10 Sep, 2008
Wendy's Raises Its Coffee Profile. Wendy's International Inc. is pushing further into specialized coffee drinks with a major new coffee program in Mississippi and iced-coffee tests in three cities. .... [more] 9 Sep, 2008
At Global Franchise Team, One Call Does It All. After years of being asked by franchisors outside of the United States for assistance in bringing their concept to the United States, Edwards Global Services, TEAM Rennick and PowerHouse Franchising today announced the formation of the Global Franchise Team, a one-stop solution for international franchise companies who are considering entering the U.S. .... [more] 9 Sep, 2008
McDonald's Sees Global Sales Rise. McDonald's Corporation announced today that global comparable sales increased 8.5 percent in August. .... [more] 9 Sep, 2008
CFO of IHOP, Applebee's parent company resigns. DineEquity Inc., franchisor and operator of Applebee's Neighborhood Grill & Bar and IHOP restaurants, said Monday that CFO Thomas Conforti has resigned, effective immediately. .... [more] 8 Sep, 2008
Woman buys Two Men and a Truck franchise. Tera Darnell had her eye on a future in business and marketing. Fate intervened nine years ago in a way that would eventually make her dream a reality. After graduating from high school in 1999, she took a summer office job with Lansing-based Two Men and a Truck. .... [more] 8 Sep, 2008
Jamba Juice lets corporate staffers work from home. The corporate office for Hawaii’s Jamba Juice franchise is going virtual. The smoothie franchise is subleasing its office space and setting up its 22 employees in home offices. .... [more] 5 Sep, 2008
Jani-King Ranked #1 of Top 100 Franchises. Jani-King International, the world's largest commercial cleaning franchise company, has claimed the top spot as the #1 Franchise Under $100K as rated by Franchise Market Magazine. .... [more] 5 Sep, 2008
Dunkin' Donuts Franchise Owners Call for New Fund Oversight. The DD Independent Franchise Owners (www.ddifo.org), which represents the largest association of Dunkin' Donuts franchise owners in the U.S., is calling for the institution of greater controls over the franchisee ad fund, including direct franchisee oversight and regular audits. .... [more] 4 Sep, 2008
Juice Up-Start Has National Plans. A former Zuka and Jamba Juice executive Brad Davis has launched his own smoothie and juice bar concept called Roxberry Juice. .... [more] 4 Sep, 2008
Bojangles’ franchisee opens 40th store. Bojangles' franchisee Tands Inc. has announced the opening of its 40th Bojangles’ location. .... [more] 4 Sep, 2008
Cefiore Italian Frozen Yogurt Expands Franchise Operations. Cefiore Italian Frozen Yogurt, one of the fastest growing frozen yogurt destinations, has announced today that it is actively seeking franchisees in select cities. .... [more] 4 Sep, 2008
H&R Block makes $278M deal for franchise operator. H&R Block Inc. has agreed to buy the operator of its franchise units in Texas, Oklahoma and Arkansas for about $278 million in cash. .... [more] 3 Sep, 2008
Company-Owned Eateries More Sensitive To Sales Swings. Restaurant companies that own most of their stores are showing their sensitivity to swings in sales, a recipe that puts their earnings at a greater risk in the short term while positioning them for a higher rebound when diners return. .... [more] 2 Sep, 2008
Hardee’s sells 23 restaurants in Ohio, Indiana to franchisee. The parent of the Hardee’s dining chain has sold 23 restaurants in Ohio and Indiana to a franchisee that says it will build more of the fast-food outlets in the states during the next several years. .... [more] 2 Sep, 2008
IHOP Celebrates 50 Years at National Franchise Conference. IHOP celebrated fifty years of great food, family and fun with more than 1,000 members of the IHOP family, including IHOP franchisees and vendor partners, at its annual National Franchise Conference (NFC) last week in Waikoloa, Hawaii. .... [more] 2 Sep, 2008
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