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A lot of up-and-coming entrepreneurs believe that buying a franchise is an assurance for success. They feel that the franchise fee that is paid up-front ensures them a proven business system. This couldn’t be farther from the truth!
It is not easy to enumerate franchise failures because in many instances to avoid having a franchise file [...]
Subway’s $5 footlong, the brainchild of an obscure Miami franchisee, is the fast-food success story of the recession.
Stuart Frankel isn’t what you’d call a power player in the world of franchising. Five years ago he owned two small Subway sandwich shops at either end of Miami’s Jackson Memorial Hospital. After noticing that sales sagged on [...]
It might not be good for America’s waistline, but froufrou dining off petite plates is out. The recession has made us hungry for family-size piles of comfort food, skyscraping burgers, and all-you-can-eat fries.
Like other segments of the retail economy, the restaurant industry has struggled over the past two years as unemployment has soared and [...]
The recession has hit franchise owners particularly hard, with the Small Business Administration (SBA) reporting record loan default rates for 2008-2009. According to the SBA, individuals who took on SBA loans to finance a franchise had a 43% higher failure rate than in 2007. In total, those franchise losses cost the SBA $93.3 million last [...]
MINISTOP at a glance
Since it opened its doors to the Philippines in December 2000, MINISTOP has always envisioned becoming the leader in the convenience store industry. MINISTOP has made its presence felt by being the community’s warmest and friendliest modern combo store. It takes pride in its wide range of quality products, at affordable prices [...]
Let us first understand what is meant by ‘franchise investigation’. These are the areas of information you need to discover before investing your hard earned money on a new franchise opportunity. This is sometimes called ‘due diligence’.
When doing a franchise investigation, a prospective buyer of a franchise gathers detailed information about the business potential and [...]
KFC operates in over 82 countries, from a Chinese village near the Great Wall, to the bustling boulevard of downtown Paris, to the sunny streets of Puerto Rico.
In 1939 was the year Harland Sanders perfects his Original Recipe Chicken A secret mixture of 11 herbs and spices gives his chicken a sensational new taste. By [...]
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