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Open New Units

True growth of a franchise brand comes from opening new units. A plan for smart and sustainable growth that will open new locations prepared for long-term success begins with recruiting the best franchisees, hiring the best employees, and opening new units in the locations and markets most likely to expand economically.

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A look at some of the legal insights franchise owners need to consider when looking to sell a franchised business.
  • Kendall Rawls
  • 2,118 Reads 30 Shares
When you need credit to grow your company, look for alternative lending sources that could provide answers in this changing market.
  • Champ Rawls
  • 1,677 Reads 2 Shares
We are finally entering a cycle of higher inflation expectations. Is that good for franchising? That's not a trivial question as it can significantly affect unit performance and expansion decisions.
  • Darrell Johnson
  • 4,140 Reads 44 Shares
Many young entrepreneurs are discovering that franchising can jump-start them on the road to business success.
  • Eddy Goldberg
  • 15,479 Reads 10 Shares
Family-run franchise operations can offer a blessing, or a curse. An example of the blessing would be the close relationships and high degree of trust that exists in many families.
  • Kerry Pipes
  • 18,819 Reads
One of the greatest motivators for entrepreneurs is to be their own boss, make their own decisions, and control their destiny.
  • Eddy Goldberg
  • 14,747 Reads 5 Shares
When considering an exit strategy there are four basic ways to leave (or transfer) a business: 1) to heirs or family; 2) to a key employee or team; 3) to an outsider; 4) to no one, by shutting it down.
  • Eddy Goldberg
  • 18,363 Reads 3 Shares
It's always a great time to get into franchising. Yet for entrepreneurs seeking to start and build their own business, some times are better than others to consider franchising as the vehicle for attaining their personal and business goals.
  • Eddy Goldberg
  • 18,476 Reads 11 Shares
We ended our previous discussion of service concepts with the point that many of these businesses are based on customers making the choice to trade money (surplus) for time (deficit). The example we used was maid services, where time-starved customers spend money to buy time they can spend with their family and friends.
  • Eddy Goldberg
  • 21,029 Reads 3 Shares
One of the best ways for a new franchisee to get in on the action in franchising is by choosing a nontraditional location. Why? For starters, try reduced franchise fees, lower overall startup costs, smaller real estate fees (none for kiosks!), fewer employees, and for some, the option of beginning part-time.
  • Eddy Goldberg
  • 36,701 Reads 1 Shares
Five Guys Burgers and Fries Multi-Unit Operator Signs Agreement to Open 18 Melt Shop Locations Throughout Pennsylvania, New Jersey, and Delaware.
  • Multi-Unit Franchisee
  • 27,210 Reads 11 Shares
SPONSORED
Open a Jack in the Box Franchise
Loved in 21 states and growing, Jack in the Box is offering select multi-unit restaurant operators a unique opportunity to franchise with an industry leader offering updated building image options and an award-winning menu.
When it comes to franchise sales, should you do it yourself or team up with third parties?
  • Art Coley
  • 22,573 Reads 31 Shares
A series of highlights from the 2018 Annual Franchise Development Report (AFDR) begins with a look at recruitment budgets.
  • Eddy Goldberg
  • 4,921 Reads 20 Shares
12 ways to deepen franchisee involvement and grow your system
  • Keith Gerson
  • 4,084 Reads 23 Shares
Finding the best site for your new franchise unit (assuming your brand is not mobile or home-based) is a critical decision, one that should be based on the cold, hard facts: the numbers.
  • Eddy Goldberg
  • 29,001 Reads 6 Shares
Growth-oriented U.S. brands seek opportunities abroad.
  • William Edwards
  • 2,053 Reads 3 Shares
After years of easy money for financing a franchise (or anything else for that matter), capital available for starting and growing a business shrank considerably as the U.S. and global economies began to feel the first stirrings of the subprime lending meltdown and ensuing economic recession.
  • Eddy Goldberg
  • 38,807 Reads 3 Shares
Better data means better candidates and better system growth
  • Ed Teixeira
  • 2,432 Reads 25 Shares
Chipotle was soaring along, the envy of many for its rapid growth, committed fan base, and growing reputation as the next big thing.
  • Eddy Goldberg
  • 2,331 Reads 9 Shares
"Real estate development is one of the hardest things for a franchise," says Philip Schram, chief development officer and chair of Buffalo Wings & Rings.
  • Sara Wykes
  • 3,121 Reads 23 Shares
Great company culture leads to great customer service, which then leads to happy customers.
  • Marc Collopy
  • 5,311 Reads 35 Shares
SPONSORED
Open a Big Whiskey's American Restaurant & Bar® Franchise
Big Whiskey's American Restaurant & BarĀ® has become a legend in Missouri over the last 10 years. Now franchising to exceptional operators across North America, see how our formula with your skills & energy can start a new tradition in your city.
Improve your site selection with data and analytics
  • Jeff Sturgis
  • 2,608 Reads 95 Shares
You've decided that franchising is right for you. You've done the research, you've narrowed down the categories and sectors that you think would best match your skill set; perhaps you've even picked a brand you'd like to join.
  • Kerry Pipes
  • 32,379 Reads 4 Shares
How well is your sales team keeping franchise candidates engaged?
  • Eddy Goldberg
  • 3,206 Reads 2 Shares
Franchising has matured since Ray Kroc opened his first McDonald's in 1955 in Des Plaines, Illinois. First-day sales at that restaurant were $316.12. In 2016, McDonald's annual sales topped $24.6 billion at nearly 37,000 restaurants in more than 120 countries -- with about 84 percent of those stores owned by franchisees. Daily sales per franchised store today? You do the math!
  • Eddy Goldberg
  • 51,094 Reads 25 Shares
Home-based franchise businesses appeal to entrepreneurs for many good reasons. For some, it provides a relief from the daily commute. For others it represents a break from the corporate rat race. For still others it means a chance to follow their passion and do what they love. But for all, it's a chance to take control of their financial future and build a business of their own.
  • By: Eddy Goldberg
  • 13,488 Reads 14 Shares
A well-managed supply chain is a boon for your franchise development team
  • Eddy Goldberg
  • 6,171 Reads 4 Shares
So many good things are happening so quickly in franchising these days, it's hard to keep up (even for us!). So welcome to "Good News!" - our monthly roundup of franchise growth, finance, international expansion, milestones, and other positive news from franchisors large, medium, and emerging.
  • Eddy Goldberg
  • 2,692 Reads 2 Shares
Using data and tech to recruit franchisees at Capriotti's
  • David Bloom
  • 4,695 Reads 372 Shares
Going into business for yourself is a major life decision. One path is to start your own business or buy an existing one. Another is to choose the franchising model and buy into a proven system with a known brand name. Each path has its own promise, as well as its perils. Once the choice is made, the question becomes what type of business to choose.
  • Eddy Goldberg
  • 153,906 Reads 7 Shares
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