TL;DR
Franchising is experiencing growth in unit count, system-wide revenue, and new brands. Several brands, including First Watch, Jersey Mike's, and Taco Bell, are expanding and reporting positive financial developments.
The good news: 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 Firenza Pizza Inks Deal for 42 Units in 5 Years in Central and South Florida First Watch Signs 12-Unit Deal with for Carolinas with Houston Pizza Venture Starwood Hotels Opens 7 Tribute Hotels, 5 in U.S., Plus Singapore and Bali Van Jakes Opens 2nd Jersey Mike’s; Will Continue Training Former Pro Athletes Financial Senior Helpers Purchased by Altaris Capital Partners, Eyes Expansion Alliance Franchise Brands Expands By Buying KKP Canada ReadyCap Launches MVP, an SBA Lending Program for Military Veterans Arby’s Reports 6th Consecutive Quarter of SSS (Up 12% in 2 Years) Big Plans, Big Dreams Taco Bell Plans To Create 100,000 Jobs, Reach 9,000 Units by 2022 Church’s Chicken Inks 10-Unit Deal; Plans 10-Year, $40 Million Expansion PuroClean Targets Boston for Large-Scale Growth Papa Murphy’s Aggressive Growth Plan Targets 80 Key U.
S. Markets International Johnny Rockets Signs 100-Unit Deal with JR Restaurants Australia Nestlé Toll House Cafés by Chip Adds 2 More Stores in Lebanon China’s HNA Group Spends $6.5 Billion for 25% Stake in Hilton Worldwide UFC Gym Opens 23,000 s.
f. Facility in Downtown Dubai New And Emerging Brands Carlsbad Ranch Market Begins Franchising Its Natural Food and Produce Concept Milestones Asian American Hotel Owners Association (AAHOA) Membership Reaches 16,000 NTY Franchise Company Opens 200th Resale Store, a Device Pitstop in Newport News People & Awards Sonic Drive-In Names Sam Wong Sr.
In this story
This story was originally published by Eddy Goldberg in Franchising.com on November 14, 2016. Burnaze summarizes and links to the original reporting.
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