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 […]
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 […]
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 […]
Three Stories of Maine Franchise Owners or Franchisors Doing Business in Maine
Three Stories about Quiznos, Coffee News and Dunkin’ Donuts. Quiznos: Maine franchisees of the franchising firm that earlier this month filed for bankruptcy, failed miserably under a broken business model. Some are questioning what detriment there was to their state’s economy. Analyzing the sub sandwich chain’s past franchise disclosure documents shows there was approximately $5.4 […]
Failure to Pass Franchise Protections 20 Years Ago Cost Maine More Franchised Units
In 1994, Legislative document 1916, or as some people remember it — The Franchise Practices Act, was shot down by Governor John R. McKernan, Jr. even after it passed both the Maine House of Representatives and the Maine Senate. Leonard Kovit, owner of 5 Meineke’s in Maine and New Hampshire in 1994, remembers the bill […]
Letter from Maine Franchise Owners Chairman Ed Wolak
February 21, 2014 Dear Maine Franchise Owners, I am writing to you as the Chairman of the Maine Franchise Owners Association “MFOA”. We represent Maine franchised small businesses. Most are owned and operated by Maine families. MFOA supports the Minority Report, Senator Patrick’s amendment to LD 1458 to strengthen franchising, not harm or limit it. […]
Franchisee Protections Exist Across the Maine Border in Canada
Five provinces in Canada have passed franchise disclosure and fair franchise relationship laws: Alberta, Manitoba, New Brunswick, Ontario, and Prince Edward Island. British Columbia is also considering franchise disclosure and franchise relationship legislation. In the United States, the Federal Trade Commission (FTC) requires the use of a Franchise Disclosure Document (FDD) in all 50 states […]
Bill Zolper b.good Franchise Owner in Portland, Maine
Kate Taylor of Entrepreneur.com interviewed Bill Zolper about opening a b.good burger franchise in Portland, Maine. Bill had stopped into burger chain b.good in Boston to grab a quick lunch, he didn’t know how much a bite to eat would change his life. Drawn in by the food and the concept of locally-sourced ingredients, Zolper […]