FRANdata — page 6

New franchise brands are emerging in various sectors, with an average of 250 new brands per year identified by FRANdata.

Single-unit franchisees may consider becoming multi-unit franchisees to achieve greater economic stability and diversify their assets.

Recruiting employees can be a daunting task, especially in today’s tight labor market.

1851 Franchise provides online resources for buying a franchise, including portals, directories, and industry reports.

Tropical Smoothie Cafe reports positive same-store sales and new unit growth in the first quarter of 2023.

The International Franchise Association releases its 2023 Franchising Economic Outlook report, predicting growth in the industry.

Marco's Pizza has won the No. 1 spot in the Growth Category at the Top 100 Pizza Gala, recognizing its innovative and successful business model.

Paul Booth Jr.'s company took ownership of its first Ace Hardware store, employing strategies for finding, hiring, and retaining employees in a worker-scarce market.

The business of franchising is shifting towards multi-unit franchise ownership, with experienced operators taking the spotlight in franchise development.

The International Franchise Association’s annual study found labor to be the top issue facing franchising, with four out of five franchised brands experiencing constrained growth due to labor challenges.

In my previous column, I wrote about what inflationary expectations will be in 2023 and beyond.

Marco's Pizza has reached the top 5 in sales performance, with 1,100 stores and over $1B in annual systemwide sales, and plans for further growth.

The Joint Chiropractic achieves a top-tier FUND score for franchise financing, indicating a lower default risk for lenders.

Marco’s Pizza ranks 51st on Entrepreneur’s Franchise 500, with over 1,100 units and plans to open 4,200 more locations.

Franchisors value multi-unit franchise ownership, with large-scale investors building up their portfolios and controlling 53.9% of all franchised units.

Brands in all different sectors of the franchising industry offer owners the opportunity to be multi-unit franchisees.

Multi-unit franchising is a business opportunity for both franchisees and franchisors, with multi-unit operators controlling 54% of all franchised units in the U.S.

Marco's Pizza announces an 8-unit area development agreement in Virginia, expanding the franchisee's existing two-unit agreement.

Consumer discretionary cash is down double digits from 2021, forcing businesses into a battle for wallet share, and the wallet is getting thinner.

Franchisors are struggling to open many of the units they sold after the pandemic, with sales numbers for many enterprises and emerging franchisors experiencing a slowdown in 2022.

The franchise industry is expected to see more consolidation and fewer new units in the coming year, due to economic challenges and labor shortages.

The 2022 Franchise Leadership & Development Conference is an annual event for franchisors, but it is not a story about a franchise system, a multi-location brand, or operator.

Frandata provides data on top brands by number of multi-unit franchisees and percentage of multi-unit franchisees.

The IFA and FRANdata have unveiled the first annual Franchisee Inflation Survey, highlighting the impact of inflation on franchised businesses.