TL;DR
Franchising is experiencing a growth phase with an increase in unit count and system-wide revenue, as well as the emergence of new brands. Several brands, including Dunkin' Donuts, Captain D's, and Wingstop, have announced new unit deals and expansion plans.
The good news: Despite ongoing external threats to the business model, franchising is experiencing a remarkable growth phase – not only in unit count and system-wide revenue, but also in the number of new and emerging brands. The bad news: It’s harder to keep up with all the good news! That’s a nice problem to have – and why we’ve brought back our “Good News!”
roundup of selected news items on unit growth, investment and financial developments, international expansion news, refranchising, and milestones attained by franchisors large, medium, and emerging. Here’s your chance to follow the leaders, every third Tuesday of the month. So if you’re not doing it already, send us your good news here.
New Units/Growth/Expansion Dunkin’ Donuts Lands Deal for Amtrak’s Northeast Corridor Acela Express Help-U-Sell Real Estate Welcomes 10 New Offices Mamoun’s Falafel Goes West, Signs 8-Unit Deal for San Jose Area Captain D’s Signs 5-Restaurant Deal for South Carolina Ponderosa Steakhouse Franchisee Signs AD Agreement for Ohio Brightway Insurance Opens 5 New Agencies, All Women-Owned Capriotti’s Inks 3-Unit, 3-Year Deal for Minneapolis Area Dickey’s Barbecue Pit Signs 2-Unit Deal with KC Chiefs Corner Back Restoration 1 Signs 4-Unit Deal with First Female Franchisee Financial/Acquisitions US Beef Acquires 10 Arby’s in Washington and Idaho Bloomin’ Brands Refranchises 53 Outbacks, 1 Carraba’s Fazoli’s Reports Record-Setting FY2017 HomeVestors of America Acquired by Levine Leichtman Capital Partners Famous Dave’s To Refranchise Its 33 Corporate Stores McDonald’s Increases Its Contribution for Remodeling, Upgrades TPG Growth Invests in Club Pilates Big Plans, Big Dreams Yum Brands Announces $130 Million Pizza Hut Turnaround Plan First Watch To Open 110+ Franchised Restaurants by 2022 Logan’s Roadhouse New CEO Hazem Ouf Outlines Turnaround Plan Bojangles’ Targets Delaware and Maryland for Expansion Twin Peaks CEO Joe Hummel Outlines His Vision for Growth International The Dwyer Group Acquires U.K. Home Cleaners Bright & Beautiful The Dwyer Group Acquires U.
K.’s Countrywide Grounds Maintenance Wingstop Signs Deal for 100 U.K.
In this story
This story was originally published by Eddy Goldberg in Franchising.com on May 15, 2017. Burnaze summarizes and links to the original reporting.
Read the full story at Franchising.comLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.