News
3 Reasons Why You Shouldn’t Start a Franchise
We all know that starting a business isn’t a one-size-fits-all sort of thing. What works for one person will not for someone else, and that’s a good thing. If there were only one solution, then everyone’s business would look the same.We embrace that variable experience at Entrepreneur. It’s why, in addition to general guides on starting a business, we offer insight from...
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21-10
2020
The 8 Franchise 500 Companies With More Than 10 Million Facebook Likes
One of the best aspects of investing in a franchise is the ability to tap into an established brand that people already know and trust. While this holds true across every industry, it’s perhaps more pronounced with restaurants and fast-food chains than any other type of business. Take a look at the eight companies from the Entrepreneur Franchise 500 with more than 10 million Facebook likes, and...
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18-10
2020
5 Deadly Sins That Can Wreck Your Franchise – and How to Avoid Them
The food and beverage industry is a tough game. Sixty percent of restaurants don’t make it past their first year, and 80 percent go out of business within five years. Those are hard odds.Franchising takes some of the risks out of the equation by giving you a proven model to work with. But being a franchisor with a proven model under your arm doesn’t mean you’re suddenly bulletproof or...
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14-10
2020
Tired of Being Kicked to the Curb? Maybe It’s Time To Be Your Own Boss.
How would you make a living and provide for yourself if you got laid off by your employer tomorrow?This question isn’t entirely hypothetical in today’s dicey economic environment.As the ongoing Covid-19 pandemic continues to hammer various industries, the number of people who suddenly find themselves without a job is growing. United Airlines recently announced it was letting go of 16,000...
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11-10
2020
What Restaurant Franchising Will Look Like in 2021
For restaurant founders looking to expand through franchising, the pandemic offers unique challenges, but for those who are prepared, the opportunities for expansion might never be better.Restaurant owners (and other types of business owners) franchise for three reasons: Time. People. MoneyRestaurant owners have no doubt spent these last months looking at every cost...
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07-10
2020
As a KFC franchise owner, we recognize there are many franchising choices. KFC offers value and a strong brand that has proven economic stability.
Based in Louisville, Kentucky, KFC Corporation is the franchisor of the world’s most popular chicken restaurant chain, specializing in Original Recipe®, Extra Crispy™, Kentucky Grilled Chicken® and Extra Crispy™ Tenders with home-style sides, Hot Wings™ pieces and freshly made chicken sandwiches. Famous for its Original Recipe® fried chicken, which is made with the same secret blend of 11 herbs...
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04-10
2020
Smart Tips for Successfully Navigating the Initial Franchisor-Franchisee Interview
The following excerpt is from Mark Siebert’s book The Franchisee Handbook: Everything You Need to Know About Buying a Franchise. Buy it now from Amazon | Barnes & Noble | Apple Books | IndieBoundOnce you have a short list of franchise companies you’re planning to investigate further, the real work begins. The first step? The initial...
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30-09
2020
Meaningful Metrics: The KPIs Every Franchisee Should Monitor
Scott Greenberg’s Wealthy Franchisee: Game-Changing Steps to Becoming a Thriving Franchise Superstar will be released via Entrepreneur Press on November 17. It can be preodered via Amazon and Barnes & Noble.“So, how’s your business performing.”“Well, you know how they say most businesses close in the first year? It’s been 18 months and we’re still here!”“David” came to...
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27-09
2020
5 Ways to Find the Most Profitable Franchises for You
Entrepreneur takes great pride in its Franchise 500 rankings. We’ve ranked the best franchises in the U.S. for more than 40 years, focusing on five primary categories: costs and fees, support, size and growth, brand strength and financial strength and stability. You can read here how Dunkin’ took home top honors in 2020 and check out our top 20 franchises, but that doesn’t...
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23-09
2020
Krispy Kreme Vs. Dunkin’ Donuts: Which Is the Better Franchise Investment for You?
Just about everybody loves doughnuts. You might have a personal preference between a Dunkin’ Donuts or a Krispy Kreme doughnut, but this article isn’t about a taste test. Instead, it’s about finding which franchise might make the best business sense for you.And that’s the key part -- for you -- because both of these franchises rank very high on the...
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13-09
2020
Vodafone Egypt franchises some stores, but keeps main branches
Vodafone Egypt has begun transferring the management of a number of its stores to its agents, under the franchise system, while maintaining main branches at large malls under its direct management.According to a company source, the franchising is being made in line with a strategy that the company has been implementing for some time. It seeks to maximise the use of its stores located in various...
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06-09
2020
Radisson Hotel Group Announces New Appointments To Drive The Execution Of Its Renewed Expansion Ambitions For Africa
Radisson Hotel Group is pleased to announce the appointment of Ramsay Rankoussi as the new head of development for Africa and Daniel Trappler, Senior Director, Development for Sub-Sahara, as the Group continues to increase its presence and renews its commitment to Africa.Radisson Hotel Group is one of the largest hotel groups in Africa with almost 100 hotels in operation and under development, and...
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02-09
2020
5 Myths About Successful Franchisees
Scott Greenberg’s Wealthy Franchisee: Game-Changing Steps to Becoming a Thriving Franchise Superstar will be released via Entrepreneur Press on November 17. It can be preodered via Amazon and Barnes & Noble.As a speaker and small-business coach, I get to talk to a lot of franchisees. I interview them before every live and virtual presentation so I can...
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23-08
2020
Egypt’s Fawry is now a billion-dollar company
Egyptian electronic payments company Fawry now has a market cap of over $1 billion. It achieved the feat during the intraday trading, with its share price rising to EGP 22.69 which gives it a market cap of EGP 16 billion or $1 billion (for the first time). With this, Fawry has become the first technology company in Egypt to get to the billion-dollar valuation.Its stock price has increased by over...
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17-08
2020
The Top Food Franchises of 2020
Even as the franchise model has expanded into just about every industry imaginable, food remains the largest and one of the fastest-growing industries in the franchise world. Thirty percent of the 1,105 companies that applied for Entrepreneur’s 2020 Franchise 500 ranking were food-related franchises, and new concepts continue to come on the scene every year.Food is also one of the most durable...
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16-08
2020
Franchise of the Day: Get a Slice of This Restaurant’s Pizza
Dreaming of opening his own pizza chain while working at a parlor in high school, John Schnatter made the goal a reality in 1985 -- but it took a bit of creativity.When Schnatter returned from college in 1984, his father’s restaurant, Mick’s Lounge, was facing financial difficulties and close to bankruptcy. Schnatter acted. He sold his beloved 1972 Camaro for $2,800 to bail his father...
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12-08
2020
Burger King Posts Strong U.S. Sales Growth as McDonald’s Flounders
McDonald’s Big Mac may not be selling like it used to, but Burger King’s Whoppers are flying off the grill.Burger King’s same-store sales in the U.S. and Canada surged by a better-than-expected 3.6 percent during the third quarter, marking the best quarter of growth since 2012, while global same-store sales rose 2.4 percent. Last month, McDonald’s reported a sharper-than-expected 3.3 percent drop...
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09-08
2020
McDonald’s Is Set to Lose $3.4 Billion in Value After the CEO Was Fired Over a Relationship With a Subordinate
McDonald’s is set to lose more than $3 billion in value on Monday morning, with the stock sinking 2.3% in premarket trading after investors balked at the shock firing of the company’s CEO. That stock drop would wipe about $3.4 billion off the company’s value at the open, based on its market capitalization of about $147.3 billion. The fast-food chain said in a press release on Sunday that it...
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04-08
2020
Burger King Introduces Another Stomach-Turning Burger in Japan
Burger King is adding berry jam alongside ketchup and mustard on the list of burger condiments in Japan.The "Premium Berry" burger is hitting Burger King Japan’s winter menu starting today. The burger looks pretty normal – except for the cranberry sauce and blueberries in between the buns.It may be more aesthetically pleasing than Burger King’s previous Japanese creation, the Black...
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29-07
2020
Papa John’s Franchisee to Pay Employees $460,000 for Wage Theft
It’s time for this Papa John’s franchisee to pay up.Abdul Jamil Khokhar, the franchise owner of nine Papa John’s locations in the Bronx, N.Y., pleaded guilty on Wednesday on charges of wage theft, reports the Associated Press. His offenses include failure to pay about 300 current and former employees’ minimum wage and overtime, as well as falsifying business records to avoid paying employees...
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25-07
2020
The Longest-Running Pizza Hut in America Is Closing Up Shop
After more than half a century of serving up pizzas, this Pizza Hut is going dark.On Sunday, the nation’s longest-running Pizza Hut will close up shop, reports The Topeka-Capital Journal. The restaurant, located in Manhattan, Kan., opened nearly 55 years ago in 1960.Franchise owner Bernie Butler, who owns the unit as well as dozens of others, says the location had been struggling...
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20-07
2020
20 Franchises You Can Launch for Less Than $75,000
Think you can’t afford to be your own boss? Think again: Some of the top franchises in the world cost less than $75,000 to start.These bargain franchises encompass everything from pet training to commercial painting, so there is something for every hopeful franchise owner.
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15-07
2020
Former Athletes-Turned-Franchisees Share Insight Into What It takes to Run a Successful Business
Opening a business on your own can seem like a pretty intimidating thing, especially when starting over after leaving a different career. That’s why for some, like these former professional athletes and coaches, the best decision to make is to join a different team: a franchise.Below are sports stars who changed careers to become a franchisee. Check out their set playbook on how to run a...
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10-07
2020
5 Things You Should Know Before You Buy a McDonald’s Franchise
McDonald’s was the second-ranked company on the 2017 Franchise 500 list, but this year, it took the top spot. It’s easy to understand why it continues to score high on our list. Not only are you investing in an established billion-dollar brand, but you are also buying into a culture that supports you and wants you to succeed. That said, buying a McDonald’s franchise might...
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05-07
2020
Dunkin’ Donuts Announces Big Rebrand. 3 Things to Know Today.
1. In a name change that has a lot of people talking, Dunkin’ Donuts announced that starting in January, it will be known only as Dunkin’. The rebrand is likely a nod to the company’s beverage sales, but it will remain focused on the breakfast pastry. 2. On Monday, the co-founders of Instagram raised a lot of eyebrows by suddenly leaving their roles at Facebook. New reports attributed their...
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30-06
2020
KFC Enlists RoboCop to Protect Secret Recipe in New Campaign
KFC -- back at it again with the eccentric Colonel Sanders incarnations. In the past, the fried chicken chain’s founder and mascot has been portrayed by comedian Jim Gaffigan, WWE star Dolph Ziggler, actor Vincent Kartheiser and a whole host of others. But in Kentucky Fried Chicken’s newest ad campaign, Colonel Sanders is brought to life by none other than RoboCop -- yes, the droid...
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02-06
2020
Papa John’s Ex-CEO Says He Ate More Than 40 Pizzas in 30 Days and That ’The Day of Reckoning Will Come’
Papa John’s former CEO slammed the pizza chain he founded in an interview with local news. "I’ve had over 40 pizzas in the last 30 days," John Schnatter told WDRB News in an interview this week. "And it’s not the same pizza. It’s not the same product. It just doesn’t tastes as good." Schnatter resigned as Papa John’s chairman in 2018, after admitting to using the...
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30-05
2020
Papa John’s Announces First Quarter 2020 Results And Provides Business Update In Response To COVID-19 Pandemic
Papa John’s International, Inc. (NASDAQ: PZZA) today announced financial results for the first quarter ended March 29, 2020. The company also provided an update on the business impact of the global coronavirus (COVID-19) pandemic.HighlightsFirst quarter 2020 earnings per diluted share of $0.15 compared to first quarter 2019 loss per diluted share of ($0.12)System-wide North America comparable...
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06-05
2020