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The strategies behind refranchising

The strategies behind refranchising

Over the past few years, many of the larger restaurant chains have reduced the percentage of their company-owned locations by selling them to franchisees. During 2017, such refranchising was common in our industry. For example, McDonald’s® was wrapping up its...
Invest in remodeling today, boost sales tomorrow

Invest in remodeling today, boost sales tomorrow

There’s a reason most major franchise chains have initiated redesign programs in recent years. Consumers are more fickle than ever, and they’re drawn to the newer and shinier. If the restaurant down the street looks fresher and brighter, they’ll have a competitive...
Holiday preparation: plan for insanity, reap extra profits

Holiday preparation: plan for insanity, reap extra profits

Franchise owners often have a love-hate relationship with the holiday season. On the “hate” side comes a crush of business from impatient customers who want to get their orders and get back into the stores. They can be brash, they can be rude, and they can push your...

5 Due Diligence Keys When Buying a Franchise Location

If you’re exploring the possibility of purchasing an existing franchise location, you’ve probably studied the market area and considered the potential sales volume you could achieve. You’ve probably also looked at the operation itself and determined what you’d need to...

Don’t make these 5 mistakes when acquiring a store

You’re ready to expand your franchise operation by purchasing another location. That’s exciting, and it presents opportunities for you. Acquiring another store also exposes you to a variety of risks. That doesn’t mean you should automatically change your mind. What it...

Reasons to keep improving your POS system

Because technology can be expensive, it’s easy to think of any new system as a one-and-done purchase. You’ve installed a new POS system, so you can forget about it for a few years and shift to other needs, right? Actually, that’s a shortsighted approach. Even if you...