Pet Supplies Plus (PSP) was recently sold by Sentinel Capital Partners, a private equity firm that invests in promising lower mid-market companies, to Franchise Group, Inc. The deal is valued at $700 million. Read more here. Was it a smart investment? The answer is a resounding YES. Here are a few insights that inform this answer. High Historical and […]
The American Rescue Plan created a $28.6 billion Restaurant Revitalization Fund (RRF), which restaurant franchise owners will be able to apply to for additional government aid. The RRF offers $28.6 billion in grants to hard-hit restaurants and bars, with restaurants able to apply for grants based on lost revenue. Additionally, $5 billion of that total […]
Franchisees are the faceless owners and power behind franchise brands. Traditionally, this has been important because consumers don’t care who owns the business. They just care about product consistency and the brand experience. So why is this important? As investors, knowing more about franchisees is crucial because: You may be interested in identifying franchisee acquisition […]
The International Franchise Association (IFA) recently released its annual Economic Outlook Report detailing the franchise industry’s projected economic forecast for 2021. Conducted by FRANdata, the report offers an in-depth look into franchising’s growth trend following the economic fallout due to the COVID-19 pandemic, as well as an in-depth state outlook for all 50 states and Washington D.C. Top […]
Frandata has been running the Mega 99 list for Franchise Update for more than 10 years. Needless to say, we’ve seen many nationwide and worldwide events, most of which are being eclipsed by the current pandemic in terms of the significant rise in franchise activity. The following four factors are among those that have affected […]