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franchising

Financing

Crumbl may be the next frozen yogurt, or the next Krispy Kreme

 By Jonathan Maze on Apr. 15, 2024

The Bottom Line: With word that the chain’s unit volumes took a nosedive last year, its future, and that of its operators, depends on what the brand does next.

Workforce

Franchisors ask Biden to pull the plug on a broadened joint-employer definition

By Peter Romeo on Apr. 11, 2024

Following a Senate vote to scuttle the new franchising standard, opponents are hoping to avert a presidential veto.

Financing

Fast-growing Crumbl's unit volumes and store profitability took a hit last year

By Jonathan Maze on Apr. 11, 2024

Average unit volume for the cookie chain declined 37% last year even as location count grew 41%. Per-store profits were cut by 58%.

Financing

Papa Johns, eager for more unit growth, inks a 50-unit development deal

By Jonathan Maze on Apr. 10, 2024

The Bajco Group will open 50 restaurants in the Midwest, Arizona, Pennsylvania and Florida, as the pizza chain works to increase domestic development.

Operations

Former RBI exec named CEO of Brooklyn Dumpling Shop

By Lisa Jennings on Apr. 10, 2024

Jeff Galletly, who previously was a VP with Tim Hortons USA, takes on the rapidly growing digital brand as it wraps a fundraising round with "Shark Tank"-affiliated investors and prepares to go public in Canada.

Financing

Indiana files an administrative complaint against I Heart Mac and Cheese

By Jonathan Maze on Apr. 10, 2024

The state, which has already told the company to stop selling franchises, is accusing the fast-casual chain of violating state franchise law.

Financing

A tale of two Subway competitors

By Jonathan Maze on Apr. 10, 2024

The Bottom Line: As thriving fast-food sandwich chain Jersey Mike’s ponders a potential $8 billion sale, it’s worth comparing the brand to a long-vanquished rival: Quiznos. The difference is unit economics.

Emerging Brands

How breakfast player Squeeze In is primping to find its future growth partner

By Lisa Jennings on Apr. 04, 2024

Squeeze In is known for omelets, generously boozy brunch cocktails and a joyfully wacky community vibe. Here's how the two sisters who own the brand plan to reach 100 units within a decade.

Financing

Dave & Buster's eyes international expansion

By Jonathan Maze on Apr. 01, 2024

The eatertainment concept signed another international development deal as it pushes to bring its restaurant and games venues to more global markets.

Operations

BurgerFi defaults on its credit agreement

By Lisa Jennings on Apr. 01, 2024

The parent company of the BurgerFi and Anthony's Coal Fired Pizza & Wings restaurant chains fell out of compliance with its loan agreement amid weak sales and financial losses. But the CEO insists turnaround efforts are taking hold.

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