As franchise owners, we all sign franchise agreements that set the terms and conditions of our business, and the relationship with our franchisor. Most of those franchise agreements contain a condition that you will follow the then current Operations Manual. While it is understandable that the Ops Manual must change, a new sandwich is introduced, […]
Do Franchise Owners Really Own a Business?
Do franchise owners really own a business? That is a very important question. The franchise industry talks about franchise owners as independent business people, working for yourself, but not by yourself. But, what does ownership mean? Usually, if you own something, you have value, or equity, that you can sell. Historically, most franchise agreements contained […]
California Enacts Strongest Franchise Protection Rules in the U.S.
BLUE MAUMAU– Governor Jerry Brown of California signed a new franchise protection law Sunday afternoon that gives California franchise owners the strongest rights in the United States. The law protects franchise owners from franchisors who seek to terminate their business on a whim or who desire to take possession of a lucrative franchise without compensating the […]
Friendly’s franchisee files for bankruptcy
Nation’s Restaurant News reports that J & B Restaurant Partners, a Friendly’s franchisee based in Long Island, N.Y., closed a third of its 36 locations and filed for bankruptcy protection this month amid steeply declining sales and financial losses. The move marks the second major closure of Friendly’s locations in recent months. In November, a […]
RadioShack Loses CFO as It Grapples with Solvency – What about the Franchisees?
Don Sneigowski at BlueMauMau reorts that troubled RadioShack Corporation announced on Monday that its new chief financial officer John Feray had left the firm on Friday for “personal reasons” and that Holly F. Etlin would replace him. Feray had only been with the 4,485 store chain since February. He leaves amidst a frenzy of activity […]
Help SB610 become law in California!
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, […]