Travel centers have evolved significantly from their humble beginnings as mere fueling stations with basic amenities. Today, they stand as sparkling hospitality hubs, offering an array of services that cater to a wide audience, including truck drivers, families on road trips, and even local residents seeking convenience and leisure. The modern travel center is a […]

The landscape of franchise financing is shifting. New lenders are entering the market, and the characteristics of the average franchisee are changing. The Small Business Administration (SBA) continues to make changes, and the Federal Reserve has been responding to a unique economy. The diversity of sectors and brands in franchising is vast, as is the […]

In 2022, the industry saw a huge jump in the number of brands entering franchising to 414 brands with 2023 looking to finish at a similarly high number. Before Covid, the industry averaged some 322 new brands a year. Since then, there has been an average of 383 new brands. That is a growth of […]

Check all the boxes for methodical franchise acquisition. One of the trends of the past few years has been growth through acquisition. Discerning the right acquisition targets is a pivotal step for PE groups, platform companies, and multi-unit franchisees eyeing expansion and diversification. This is especially true if you’re seeking to extend your reach beyond […]

Taking time for introspection is always a valuable endeavor. This principle holds true for personal growth and for the success of your franchise. We need context that comes from assessing our progress and our relationships with others. If we are to properly prepare for 2024, we need to understand how we compare with our competitors. […]