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franchising

Operations

Struggling BurgerFi shutters 8 more restaurants

 By Lisa Jennings on May 15, 2024

After closing 14 units last year, the fast-casual burger chain continued "right-sizing" its portfolio in the first quarter, when its same-store sales plunged 13%.

Financing

A prominent McDonald's franchisee sues the brand, claiming it wants him out of the system

 By Jonathan Maze on May 13, 2024

George Michell, who owns some of the brand’s most successful locations, claims the company is using its new franchising standards to force him to sell his restaurants.

Financing

McDonald’s, looking to boost traffic, considers a $5 value meal

By Jonathan Maze on May 10, 2024

The fast-food giant, which has shifted its focus to value, is working to convince franchisees to go along with a bundled meal featuring a McChicken or a McDouble. The plan is expected to pass.

Financing

Craveworthy bought three more brands, this time with an eye for conversion

By Lisa Jennings on May 08, 2024

The platform company this week acquired the brands Taim Mediterranean Kitchen, Hot Chicken Takeover and Sigri Indian BBQ. And more are in the works.

Financing

The International Franchise Association has some ideas for better franchising

By Jonathan Maze on May 08, 2024

The trade group is calling for changes in disclosure rules before people buy a franchise. It comes as federal regulators examine rules for franchise companies.

Financing

Franchisors who want faster remodels should reach into their pocketbooks

By Jonathan Maze on May 07, 2024

The Bottom Line: Burger King is spending $550 million to get more of its restaurants remodeled, not counting its own upgraded restaurants. More brands should do this.

Operations

President Biden vetoes joint employer legislation

By Jonathan Maze on May 03, 2024

The president declined to sign off on a bill that would have scuttled an effort to make franchisors jointly liable for their franchisees’ workers, sending the issue back to Congress.

Financing

As it is sold, Clean Juice struggles with supply issues

By Jonathan Maze on May 03, 2024

Operators have closed or rebranded nearly half of the chain’s locations over the past year and a half. And then as the chain was sold last week, franchisees were told the company lost its distribution contract.

Operations

Wingstop is doing great. Here's how CEO Michael Skipworth says the chicken chain can do even better

By Lisa Jennings on May 01, 2024

After a strong first quarter, Dallas-based Wingstop expects double-digit same-store sales growth this year, as it plans on becoming a Top 10 global restaurant brand.

Financing

Burger King is investing another $300M in remodels

By Jonathan Maze on Apr. 30, 2024

The fast-food chain is expanding its “Royal Reset” remodel program to fund more restaurant remodels through 2028.

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