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franchising

Financing

Burger King franchisee Toms King is being sold for $33M out of bankruptcy

 By Jonathan Maze on Apr. 04, 2023

The big operator, which sought Chapter 11 bankruptcy protection in January and was put up for sale, is being sold to four different companies, including Burger King's former U.K. operator and a big Round Table Pizza franchisee.

Financing

Main Squeeze Juice Co. finds the 'perfect blend' with its I Love Juice acquisition

 By Jonathan Maze on Mar. 28, 2023

The deal will nearly double the juice chain’s footprint, expanding it into new states as it works to bring its healthy menu to “all the masses.”

Financing

Hooters kicks off U.S. growth push with free royalties for franchisees

By Joe Guszkowski on Mar. 22, 2023

The chain is offering new operators 40 weeks of free royalties as it celebrates its 40th birthday.

Financing

Teriyaki Madness is not calming down

By Jonathan Maze on Mar. 20, 2023

The fast-casual bowl chain has been one of the country’s fastest-growing restaurant concepts in recent years. And now it has a potential new funding source for its franchisees.

Financing

An 8-unit McDonald's franchisee declares bankruptcy

By Jonathan Maze on Mar. 18, 2023

Rice Enterprises, a longtime operator out of the Pittsburgh area, filed for Chapter 11 bankruptcy less than two years after it was sued over the rape of a 14-year-old employee by one of its managers.

Financing

Are potential new 'joint employer' rules bad for franchisees? Maybe not

By Jonathan Maze on Mar. 16, 2023

The Bottom Line: Robert Zarco, who now works with McDonald's franchisees, argues that a potential redefinition of the joint employer standard could reduce the level of control franchisors exert over operators.

Financing

Why the 2021 restaurant buying spree may come back to haunt some operators

By Jonathan Maze on Mar. 16, 2023

The Bottom Line: Franchisees in particular jumped at the chance to scoop up restaurants in 2021, often paying sky-high multiples in the process. And then inflation hit.

Leadership

Tabassum Zalotrawala to lead McDonald's U.S. development

By Lisa Jennings on Mar. 15, 2023

The former CDO of Chipotle will join the fast-food chain's senior leadership team as part of growth acceleration strategy.

Financing

McDonald's franchisees may take their complaints to the FTC

By Jonathan Maze on Mar. 14, 2023

Operators, saying they're being "held hostage" by customer survey standards and new ownership requirements, have hired an attorney and may influence franchise regulations. The company says it just wants to run good restaurants.

Leadership

Jerry Richardson, football star turned Hardee's biscuit maker, dies at age 86

By Peter Romeo on Mar. 13, 2023

A former owner of the Carolina Panthers NFL team, the North Carolina native made his money as a Hardee's franchisee. He would later operate Quincy's, Denny's and El Pollo Loco, among other restaurant brands.

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