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. […]
Building a multi-unit future While some franchisors have owner-operator models, most would like to attract more multi-unit operators (MUOs). Let’s look more deeply at MUOs. How do MUOs look demographically? What common underlying characteristics do they have that can be used to identify the prospects who will become the MUOs of tomorrow? I’ll start with […]
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 […]