On August 21st, the California state senate voted 23 – 9 in favor of SB 610, a bill that strengthens franchisor good faith relations with franchisees. In order the turn this important piece of legislation into law, it is crucial that all franchisees express their support of the bill and ask the Governor to allow […]
MFOA Lobster Bake in Support of Camp Ketcha, Scarborough, ME
Join Us For a Maine Lobster Bake Maine Franchise Owners Association Lobster Bake in Support of Camp Ketcha, Scarborough, ME Come enjoy the party in support of one of our non-profit members. Friday, October 17th 4:00 pm – 7:30 pm Maine Franchise Owners Association Lobster Bake in Support of Camp Ketcha, Scarborough, ME. Camp Ketcha […]
Burger King to Buy Tim Hortons for About $11 Billion
Bloomberg reports that Burger King Worldwide Inc. (BKW) agreed to acquire Tim Hortons Inc. (THI) for about C$12.5 billion ($11.4 billion) in a deal that creates the third-largest fast-food company and moves its headquarters to Canada. Tim Hortons investors will receive C$65.50 in cash and 0.8025 a share of the combined entity for each […]
Franchisee Sues for Lack of Fair Dealing, Marriott Settles
BlueMauMau reports that It seems that not all is clean and good at Marriott. CNBC explores the Marriott Empire in its hour-long “Behind the Closed Doors of Marriott.” In the three minute video clip* below, one large franchise owner explains his lawsuit regarding legal traps, bad faith, fraud, breach of contract and hidden rebates to […]
California Senate Sends Fair Franchising Bill to Gov. Brown
Don Sneigowski of BlueMauMau reports that The California state senate voted 23 – 9 late Thursday in favor of SB 610, a bill that strengthens franchisor good faith relations with franchisees. It is now ready for Governor Jerry Brown’s signature to become law. Although its proponents considered the bill a small tweak in franchise law, […]
Franchisees Win in California Assembly!!
Don Sniegowski reports at BlueMaumau that California’s assembly voted Thursday morning to pass a bill that aims to strengthen good faith and fair dealing between franchisors and franchisees. The final tally was 41 ayes and 27 nays. Senate Bill 610 has now been passed by the Senate Judiciary Committee, a full vote on the Senate […]
Forbes Magazine Rate 3 Real Estate Franchises are the Worst to Invest in.
A best and worst of franchising list is tricky to put together. The methodology is just as important as the objective of the ranking. For the FORBES “best” and “worst” in franchising, FRANdata considered demand for the franchise brand, success of existing franchisees and franchisor support from the perspective of “lender friendliness”. This brings up […]
Forbes Magazine Rates Ground Round as the 10th Worst Franchise to invest in
Forbes magazine rated the best and worst franchises to invest in. Forbes Magazine rated Ground Round based in Maine as the 10th worst franchise with a negative 9% growth rate. Here are the numbers Forbes represented: Serves up lunch, dinner and drinks; founded by Howard Johnson’s in 1969. Average Initial Investment: $1,672,500 Initial Training Hours: […]
Seeking Balance in Franchise Relationships
No relationship is perfect, it doesn’t matter whether the relationship is personal, business or institutional there are always going to be both good things and bad things about any relationship. One of the keys to a long and prosperous relationship is balance. Mutual advantage is the key to sustaining the relationship. Relationships prosper when each […]
Equity Extraction Schemes Live On in Franchising
The equity extraction scheme that was exposed by 7-11 Employee Kurt McCord brings back painful memories for me. The scheme is eerily similar to what was perpetrated against Dunkin’ Donuts franchisees from 1998 thru 2008. In that period it is estimated that Dunkin’ Brands extracted over $100 million dollars of franchisee equity from hundreds of […]