Nation’s Restaurant News reports that J & B Restaurant Partners, a Friendly’s franchisee based in Long Island, N.Y., closed a third of its 36 locations and filed for bankruptcy protection this month amid steeply declining sales and financial losses. The move marks the second major closure of Friendly’s locations in recent months. In November, a […]
Can Wendy’s Rein In Delinquent Franchises?
Rich Duprey of The Motley Fool reports that the third largest fast-food chain Wendy’s (NASDAQ: WEN ) wants to strip one of its biggest restaurant operators of its franchise agreement for failing to upgrade its restaurants and install a point-of-sale system. While it could result in the franchisee being forced to close or sell its restaurants, it also brings […]
Making small-business owners’ concerns heard in the political process
Franchise owners are small business owners and they can have a big political impact, which is our experience in Maine. Franchise owners in Maine will continue to have the opportunity to educate their lawmakers, which we have learned do not know much about franchising, but we have shown them the importance of franchisees in Maine, to invest and create […]
Maine Franchise Owners Lobster Bake for Camp Ketcha Raises over $3000.00
The Maine Franchise Owners Association held a “Lobster Bake” fundraiser for Camp Ketcha on Friday October 17th. The event raised over $3,000 net dollars for Camp Ketcha. Camp Ketcha is a year-round non-profit organization serving the southern Maine community with programs in child development, family enrichment and summer day camping. Camp Ketcha has 107 acres […]
Gov. Brown vetoes bill to protect franchisees
Patrick McGreevy of the Los Angeles Times reports that Gov. Jerry Brown vetoed legislation to protect small-franchise owners against fast-food giants and convenience store chains, saying he needs more proof there is a problem before considering changes that would “significantly impact California’s vast franchise industry.” The measure by Sen. Hannah-Beth Jackson (D-Santa Barbara) would have […]
RadioShack Loses CFO as It Grapples with Solvency – What about the Franchisees?
Don Sneigowski at BlueMauMau reorts that troubled RadioShack Corporation announced on Monday that its new chief financial officer John Feray had left the firm on Friday for “personal reasons” and that Holly F. Etlin would replace him. Feray had only been with the 4,485 store chain since February. He leaves amidst a frenzy of activity […]
MFOA Lobster Bake in Support of Camp Ketcha, Scarborough, ME
Join Us For a Maine Lobster Bake Maine Franchise Owners Association Lobster Bake in Support of Camp Ketcha, Scarborough, ME Come enjoy the party in support of one of our non-profit members. Friday, October 17th 4:00 pm – 7:30 pm Maine Franchise Owners Association Lobster Bake in Support of Camp Ketcha, Scarborough, ME. Camp Ketcha […]
Franchisee Sues for Lack of Fair Dealing, Marriott Settles
BlueMauMau reports that It seems that not all is clean and good at Marriott. CNBC explores the Marriott Empire in its hour-long “Behind the Closed Doors of Marriott.” In the three minute video clip* below, one large franchise owner explains his lawsuit regarding legal traps, bad faith, fraud, breach of contract and hidden rebates to […]
Forbes Magazine Rate 3 Real Estate Franchises are the Worst to Invest in.
A best and worst of franchising list is tricky to put together. The methodology is just as important as the objective of the ranking. For the FORBES “best” and “worst” in franchising, FRANdata considered demand for the franchise brand, success of existing franchisees and franchisor support from the perspective of “lender friendliness”. This brings up […]
Seeking Balance in Franchise Relationships
No relationship is perfect, it doesn’t matter whether the relationship is personal, business or institutional there are always going to be both good things and bad things about any relationship. One of the keys to a long and prosperous relationship is balance. Mutual advantage is the key to sustaining the relationship. Relationships prosper when each […]