On Multi-Unit & Brand Franchisees:
According to a FRANdata analysis, more than 50% of all franchisees in the U.S. are now multi-unit operators. The attractiveness of single-unit owner-operator model may finally be waning, as an increasing number of emerging brand franchisors are increasingly preferring to deal predominantly or even exclusively with multi-unit franchisees, in turn creating large multi-brand, multi-unit operators.
In the News:
- Unique Markets Announces Launch of its Franchise Program [Benzinga]
- Edible Arrangements names former Subway executive to be division president [Atlanta Business Chronicle]
- Hardee’s vet named international president of CKE [Nation’s Restaurant News]
- Puroclean Celebrates Record-Setting First Quarter [Franchising.com]
- Pivotal Growth Teams Up With Vitality Bowls & Conrad’s Grill [Market Watch]
- Fitness Holdings Northeast Acquires Crunch York [Yahoo Finance]
- How Arby’s Carved A Successful Brand Message By Staying True To Itself [Forbes]
- Marriott to Take On Airbnb in Booming Home-Rental Market [Wall Street Journal]
- Judge mulls names to be added to Planet Fitness suit [NH Union Leader]
- Dine Brands CEO: ‘We simplify people’s lives’ [Nation’s Restaurant News]
- Centre Partners takes majority stake in One World Fitness [PE Hub Network]
- BB&T and SunTrust Pick a New Name for Combined Bank [Bloomberg]
- Private Equity Firm to Seek Sale of Church’s Chicken [BNN Bloomberg]
- H&R Block Enters into Agreement to Acquire Wave Financial [Franchising.com]
- Salata reveals rebrand [Fast Casual]
- Pitbull’s Miami Grill opens new location in Kissimmee [Orlando Sentinel]
- Sweetgreen acquires meal-delivery platform [Nation’s Restaurant News]