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On M&A: “The merger and acquisitions (M&A) activity in North America has continued its pace in 2019, with 4,754 deals worth $849.7 billion closing in the first half of 2019. Dozens of mega-deals have been announced, potentially setting up a healthy back half of the year as well.” Click here to read more. In the […]

The merger and acquisitions (M&A) activity in North America has continued its pace in 2019, with 4,754 deals worth $849.7 billion closing in the first half of 2019. Dozens of mega-deals have been announced, potentially setting up a healthy back half of the year as well. The popularity of PE as an asset class has […]

Improved market for dining out help food franchises outdo their non-food counterparts in Q3. In Q3-2019, franchise companies’ (including McDonald’s) returns were in line with S&P 500 but underperformed the Russell 2000 index. Food franchises outperformed their non-food counterparts. Returns for FRANdex+M declined by 5.46% Q-o-Q, with those for food companies up down 3.13% Q-o-Q. […]

We’ve been receiving quite a few requests for business valuations of personal service franchises, which includes names such as Massage Envy, Hand & Stone, and European Wax.  Although they are 3 different franchises, they have much in common.  Before we get to the “comps”, here are the primary areas that we analyze when valuing one […]

Taking a stroll around the Ballston-Clarendon area in suburban Arlington County, I was thrilled to find that new Orangetheory Fitness and 9Round franchises were going to open shortly. This was in a market where we already had a thriving One Life Fitness and a Gold’s Gym locations.  Fast forward several years later, one of the […]

 

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