Blue MauMau – by Don Sniegowski, November 19th, 2018 As large investors and rumors of private equity firms hover over the wounded Papa John’s International Inc. (NASDAQ: PZZA), franchisees have decided that they are in a good position to be the gate that investors pass through for a smooth transition to the future of the […]
What Does It Really Mean to Be Named a ‘Top Franchise’?
Blue MauMau – by Jeffrey M. Goldstein, November 12th, 2018 Franchisors love rankings. Visit any well-known franchisor’s website, and you are bound to see a laundry list of rankings purporting to provide third-party validation of the franchisor’s superiority in its niche, if not in the franchise industry as a whole. Similarly, a Google search for […]
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 […]
Can Wendy’s Rein In Delinquent Franchises?
Rich Duprey of The Motley Fool reports that the third largest fast-food chain Wendy’s (NASDAQ: WEN ) wants to strip one of its biggest restaurant operators of its franchise agreement for failing to upgrade its restaurants and install a point-of-sale system. While it could result in the franchisee being forced to close or sell its restaurants, it also brings […]
Maine Franchise Owners Lobster Bake for Camp Ketcha Raises over $3000.00
The Maine Franchise Owners Association held a “Lobster Bake” fundraiser for Camp Ketcha on Friday October 17th. The event raised over $3,000 net dollars for Camp Ketcha. Camp Ketcha is a year-round non-profit organization serving the southern Maine community with programs in child development, family enrichment and summer day camping. Camp Ketcha has 107 acres […]
Gov. Brown vetoes bill to protect franchisees
Patrick McGreevy of the Los Angeles Times reports that Gov. Jerry Brown vetoed legislation to protect small-franchise owners against fast-food giants and convenience store chains, saying he needs more proof there is a problem before considering changes that would “significantly impact California’s vast franchise industry.” The measure by Sen. Hannah-Beth Jackson (D-Santa Barbara) would have […]
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 […]
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 […]
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 […]