News
IKEA Retail Sets up Global Operations Center in India
The move will help to streamline, simplify, and standardise ways of working and operations, while diversifying the overall digital footprint, it added.Besides Bengaluru, Ikea Retail has GBO in Poznan (Poland), Shanghai (China) and Baltimore (the US).Strengthening its presence in the Indian market, Ingka Group, which handles retail operations of Swedish furniture giant Ikea, on Thursday announced...
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10-02
2021
THE BEST FRANCHISE ADVICE YOU’LL EVER GET
The most valuable source of information on any franchise system is its existing franchisees. These are the people who are living the life of a franchisee every day, and they can tell you the reality of what that life will be like for you if you decide to join up yourself.With any franchise you are interested in, you should plan on calling or visiting a number of the existing franchisees during...
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07-02
2021
Majid Al Futtaim Launches Carrefour (France) in Uzbekistan
Majid Al Futtaim has announced that it has opened its first Carrefour store in Tashkent, Uzbekistan.The launch underlines the brand’s ambitions to respond to the growing demand for modern retail in the country, while also catering to evolving customer needs.As one of the most recognised retail brands in the world, Carrefour introduces an elevated shopping experience to the Uzbek market through its...
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03-02
2021
Starbucks (US) Hits a New Milestone with China Opening
Starbucks has opened its 30,000th store – launched in Shenzhen, China.The new Starbucks Reserve Shenzhen Bay Mix City location in the largest growth market for Starbucks globally serves to demonstrate the continued momentum in the firm’s global growth agenda. The new store is inspired by Shenzhen harbour, the spirit of the city as a technology hub, and the modern life of its community.Starbucks...
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31-01
2021
Chick-fil-A (US) Opens its First Location in the UK
The chicken chain opened its first restaurant in the U.K. on Thursday, continuing its international expansion.“We can confirm that we opened a pilot-licensed location in the U.K. on Oct. 10 and we are pleased to have already served nearly a thousand customers,” a Chick-fil-A spokesperon told CNBC.The Atlanta-based food chain’s sandwiches have helped the company become the third largest restaurant...
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24-01
2021
Zaatar w Zeit to Franchise in Canada
A mix between the modern and traditional foods that satisfies every taste.For those of you who don’t know Zaatar w Zeit, it is an urban eatery franchise founded in Lebanon in 1999. It is a commercial Lebanese company that has 20 branches in Lebanon, as well as branches in Kuwait, Qatar, UAE, and Saudi Arabia. All in all 70 branches spread around the Middle East.One of the largest restaurant chains...
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20-01
2021
KFC (US) Now Open for Franchising in the Philippines
After more than five decades of presence in the Philippines, American fast food restaurant chain KFC is opening opportunities to local investors to franchise the world-famous fried chicken.This was made possible after KFC Philippines and KFC Asia signed a master franchise agreement last November to allow the restaurant chain’s local unit to offer sub-franchises to local investors.In a phone...
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17-01
2021
Focus on These KPIs for Franchise Success
This article is adapted from Scott Greenberg’s The Wealthy Franchisee: Game-Changing Steps to Becoming a Thriving Franchise Superstar, which is out now via Entrepreneur Press and can be purchased from Amazon and Barnes & Noble.Humans need to feel that they’re growing. It’s not enough to be. You must do. And you need ways to measure your progress so that...
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10-01
2021
Local Domino’s Pizza (US) Franchisee Signs Agreement to Open Locations on Mars
Shortly before the coronavirus COVID-19 outbreak and the grounding of flights, local Domino’s Pizza franchisees John and Heather Caputo were at Domino’s headquarters in Ann Arbor, Michigan, negotiating the first of its kind – a Master Galactic Agreement to secure the rights to open and operate Domino’s locations on Planet Mars some 30 years from now.Domino’s said in a press release issued on...
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06-01
2021
Carrefour (France) Records Sh18.7bn Sales in Kenya
French retail chain Carrefour recorded sales worth Sh18.7 billion from its Kenyan outlets last year, the company has disclosed in its annual financial report.Majid Al Futtaim, the exclusive holder of Carrefour’s franchise in Kenya, announced the 28 percent jump in sales from Sh14.6 billion recorded in 2018 indicating that its aggressive expansion bid across major towns in Kenya was paying off.The...
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03-01
2021
Circle K (Canada) Owner Retakes Hong Kong Franchise in Bet on Asian Growth
The Canadian owner of the Circle K convenience store chain will buy the Hong Kong and Macao franchise operation, making its first direct foray into Asia while looking for more.Alimentation Couche-Tard will pay 2.79 billion Hong Kong dollars ($360 million) for the 373 Circle K stores, the Quebec-based retail group said Thursday. The store brand has existed in Asia for over four decades, becoming a...
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30-12
2020
Burger King (US) India Plans to Open 700 Stores in India by 2025
Burger King India plans to open 700 stores in India by 2025, and will look to have a total of 325 stores in the country by December, said Rajeev Varman, the chief executive officer of the company.The burger chain, which currently has 259 stores in the country, is gearing up to launch its initial public offering in the country, and has already received approval from the market regulator.This...
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27-12
2020
Papa John’s (US) Opens Two New Outlets in Qatar
Leading pizza franchise, Papa John’s, has announced the opening of two brand new stores.Since Doha Festival City & Mall of Qatar have been opened for public, it only accelerated the decision of setting up two more outlets.The two new stores now mean that Papa John’s Qatar network is up to 27 stores. All stores of which operate with the highest regard for safety and satisfaction of their...
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23-12
2020
Starbucks (US) Coffee Company is Opening its First Laos Location in 2021
Starbucks Coffee Company is opening its first Laos location next year in the capital city of Vientiane, located on the banks of the Mekong River near the Thailand border.Laos marks Starbucks’ 17th market in the region, where it has over 10,000 stores, a news release said."We’re excited to bring the Starbucks Experience to Laos, which has a rich history of coffee production and thriving coffee...
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20-12
2020
McDonald’s Franchise UK
McDonald’s is proud to be one of the most recognised brands in the world, with restaurants in over 100 countries and serving billions of customers each year. As the global leader in the food and service industry, we have a legacy of innovation and hard work that continues to drive us not just on a global level, but also here locally within the UK and Ireland.Our FranchiseesWe are proud to work...
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16-12
2020
Auntie Anne’s (US) Signs Agreement to Debut 27 Locations in Taiwan
Auntie Anne’s, the world’s largest hand rolled soft pretzel franchise and part of the Focus Brands’ family of brands, announced a franchise agreement to open 27 locations in Taiwan. IndulgeEAT LTD – a subsidiary of one of the largest sports fashion retailers in Taiwan – has signed an agreement to drive Auntie Anne’s Taiwan expansion and plans to open all locations within five years. With a long...
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13-12
2020
Uber and Lyft Consider Franchise-Like Model in California
OAKLAND, Calif. — Uber and Lyft, which are facing mounting pressure to classify their freelance drivers as employees in California, are looking for another way.One option that both companies are seriously discussing is licensing their brands to operators of vehicle fleets in California, according to three people with knowledge of the plans. The change would resemble an independently...
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09-12
2020
The Subway® brand: We’re hungry for more stores across the UK and Ireland
For many people, the idea of running their own business and being their own boss, in charge of their own destiny, has always been attractive but for a variety of reasons, they are yet to take the plunge. It could be that you haven’t yet come up with your new business idea or are finding it difficult to take the leap from the relative comfort of being an employee, with regular working hours and...
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06-12
2020
McD’s New Town outlet opens after change in franchise ownership
McDonald’s has reopened its outlet at City Centre II after a change in ownership of the franchise, setting the ball rolling for other outlets in the state to resume business.The eight outlets in Kolkata and Durgapur remained shut from the first week of May this year when the transition of ownership commenced. Connaught Plaza Restaurants Pvt Ltd (CPRL), the franchise is now wholly...
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02-12
2020
Gold’s Gym Celebrates Strongest Year of Worldwide Growth in Company History
“This past year of success serves as proof that the Gold’s Gym franchise opportunity is more attractive than ever as an investment in the fitness industry,” said Gold’s Gym President and CEO Adam Zeitsiff. “Our continued franchise development achievements from 2019 have set the stage for what we anticipate will be another impressive year of growth on a global scale. With our signature programming...
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29-11
2020
A Step Plan to Ensure Franchisee Success in 2021-Step 1: Franchisee Engagement
If you’re like many franchise leaders, you’re currently in the midst of planning for the upcoming year. Given the challenges of 2020, it’s more important than ever to take several key steps before the year ends to set up your brand and individual franchisees for success.Over the next several weeks, we’ll share our top franchise planning recommendations on how to prepare for 2021 to improve...
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25-11
2020
Hyatt (US) Hotels Signs New Franchise Agreement for Egypt
Hyatt Hotels Corporation’s affiliate has signed a franchise agreement with ALDAU Development group for a Hyatt-branded hotel — Hyatt Regency Cairo West.The property that is set to open in the last quarter of 2020, joins Hyatt Regency Sharm El Sheikh and will further add to Hyatt’s growing brand footprint in North Africa.Hyatt Regency Cairo West will feature 242 contemporary guestrooms and suites,...
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22-11
2020
LEORON Institute Plants First Flag In Egypt With Recent Franchise Location In Cairo
LEORON Institute is excited to announce its new franchise in Egypt in partnership with Bankers Learning Hub - BLH.Led by seasoned entrepreneurs, the franchise is expected to launch September 2020, catering to the Egyptian market under the name LEORON Egypt.Following a comprehensive assessment of franchisees expertise, the company is confident new owners are uniquely positioned in the Egyptian...
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18-11
2020
Franchising Provides Owners With a Proven Model and Opportunities to Evolve the System
One of the major differences between joining a franchise system and inventing your own business is the degree of independence and control enjoyed by the owner. There are pros and cons to both, and most people seem to have an opinion about which system is better. Both approaches have merit — which is best depends mostly on the preferences of the individual and what they want to...
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15-11
2020
5 Tips for Hiring a Franchise Business Coach
I attended the Franchise Business Network (FBN) annual event in Denver last month. FBN is a very active regional program initiated by the International Franchise Association (IFA) that brings franchisors, franchisees and franchise vendors together to collaborate and share ideas and resources.One of the main event topics was franchise...
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08-11
2020
Why Franchising Is the Future of the Healthy-Fast-Food Movement
At this point, the overweight American is a cliché known around the world. And in spite of quips at their expense, many Americans continue to shove down burgers and fries with a big gulp at their favorite fast-food restaurants. But the long-term health effects are truly alarming.An astonishing 42.4 percent of Americans were obese in 2018, which is a roughly 12 percent increase...
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04-11
2020
Pizza Hut shuts 632 international locations in Q3 2020
The international pizza franchisor is shifting to an off-premise approach.Keep up to date with the latest Global Franchise News sent straight to your inbox. Sign up here.In the most recent financial quarter, international pizza brand Pizza Hut indicated a continued shift toward off-premise sales by shutting 632 of its global restaurants, as reported by QSR. This figure is...
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01-11
2020
Free Webinar: The Future of Business and Franchising: Strategies for Momentum and Growth
These past months have brought about about global changes that have left a lasting impact on businesses and franchises. In this webinar, franchise experts Rick Grossmann and Rob Gandley are joined by special guests Nick Zamucen, founder of Bio-One and Best Option Restoration, and financial guru Steven Sitkowski for a strategy session where they’ll discuss: Global...
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28-10
2020
How Do I Start a Franchise?
Q: I’ve got a great business that I think would be perfect for franchising. How do I get started as a franchise company? What kinds of advisors will I need and where do I find them? Is there a good source of information for me to start with?A: Congratulations on building a successful business. It is exciting that you are considering using franchising as a method of expanding...
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25-10
2020
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