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Franchise News | franchisetimes.com
The latest news, opinions, and commentary on what's happening in the franchise arena that could affect your business.
Franchise Times Top 400 Ranks the Biggest Brands in Franchising
Sep 27, 2024 · Across the 200 largest franchise brands within the Top 400, total sales came to $707.1 billion globally, an increase from $666.9 billion in 2022. By category, nearly all grew sales, with just two, real estate and business services, experiencing a decline.
Huddle House Inks Its Largest Development Deal With Franchise …
Nov 21, 2024 · WE Food Enterprises Hospitality Group laid out some Texas-sized development plans as it prepares to expand a 60-year-old restaurant brand. The Houston-based restaurant group inked a deal with Huddle House to open 20 units in Texas. It’s the group’s first franchise venture and is the largest-ever agreement for Huddle House.
IFA Expects Positives From D.C., Challenges at State Level in 2025
Dec 13, 2024 · Republican control in Washington, D.C., next year has the International Franchise Association optimistic about federal regulatory action. At the state level, though, the IFA expects some legislative battles.
FAT Brands Files for Twin Peaks IPO Amid SEC Investigation
Nov 4, 2024 · Twin Peaks is a sports bar concept known for wall-to-wall TVs and a staff of women in revealing outfits. The company did $548 million in sales last year with 109 units in the United States and Mexico. When FAT Brands bought Twin Peaks in 2021, the concept had 80 stores. The average unit volume for franchise units hit $5.8 million in 2023.
Mellow Mushroom Refreshes for 50-Year Anniversary While …
Dec 13, 2024 · The anniversary brought on a brand refresh to attract new customers and franchisees. The cost to open a franchise location ranges from $1.7 million to $2.8 million if a franchisee rents the property, and from $2.9 million to $4.7 million if they purchase the space, according to the franchise disclosure document.
Former Jack in the Box Owner Turns to Starbird With 17-Unit Deal
Dec 20, 2024 · Starbird, which has 18 locations, expects to close soon on two more franchise deals. Noveshen said the brand will then look to sign an additional three to five development deals over the course of 2025.
Papa Johns Returns to Local Marketing Amid Sales Slump
Jan 17, 2025 · “And not having the co-ops to be able to put the franchise community together in the communities that we serve, have the company sitting around the table, is a big miss in a business that is a very regional business, especially pizza being so localized.
Zaxby’s, Chick-fil-A Benefit From Strong Demand for Chicken, Top …
Oct 11, 2024 · Zaxby’s is up two spots on the Franchise Times Top 400 list to No. 43, with $2.5 billion in system sales. Sales were up 5 percent and unit growth was up 2 percent. The franchise ended 2023 with 145 corporate units, which Mettler said is …