SBA lenders have been faced with unprecedented changes in the way they finance SBA loans. These changes are unwelcome and, for the most part are causing significant uncertainty for both lenders and borrowers. The key takeaway for you as franchisors are to do whatever you can to help provide lenders certainty and speed because they have less […]
Inflation is a force that can significantly impact businesses, and for franchise owners, understanding its effects is crucial for long-term success. Through a comprehensive longitudinal study we , we’ve gained valuable insights into how inflation is shaping the landscape for franchisee businesses. This year’s study builds upon the foundation laid by last year’s research, providing […]
In the face of economic challenges and changing market dynamics, franchisee recruitment takes creativity and agility. Franchisors need to adopt innovative strategies to recruit the right franchisees. Here are some effective approaches to consider when it comes to franchisee recruitment: Expand your Franchisee Recruitment Network: Franchisors should tap into their existing network of vendors, franchise […]
June 8, 2023 Federal Trade Commission Attn: Lina Khan, Chairperson 600 Pennsylvania Avenue NW, Suite CC–5610 (Annex C) Washington, D.C. 20580 RE: Solicitation for Public Comments on Provisions of Franchise Agreements and Franchisor Business Practices (FTC Docket No.-2023-0026) (March 10, 2023) Dear Ms. Khan, FRANdata is grateful for the chance to present its perspective (referred […]
Strategically contact the franchisees your business needs to ramp up growth. Driving by your local Arby’s, you can’t tell who the owner is, how many locations they own, or how to reach them for their business. Forty franchisees own more than 70% of Arby’s franchised locations (refer to the pie chart). That’s right – forty […]