Joel Libava
Image: “Subway restaurant Pittsfield Township Michigan” by Dwight Burdette – Own work. Licensed under CC BY 3.0 via Commons.)
Here are the latest franchise business links topping the franchise news cycle this month.
My first exposure (I think) to the Subway® franchise chain was in the 1980’s when my brother’s friend, Greg, became the owner of one. I thought is was pretty cool back then and I watched Greg work really, really hard-which paid off because he was able to open a second franchise location.
The thing that struck me about his business was how everything was pre-measured and ready to go when his customers started filing in. Subway really had things down to a science, thanks to a well-thought out business system created in part by co-founder, Fred DeLuca, who passed away September 14th. I never met Mr. DeLuca, but I remember how my friend Rhonda Sanderson always described him as being a prince of a guy.
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According to news reports, he made up to $740,000 annually, but evidently it wasn’t enough to keep Steve Caldiera on as the head of the International Franchise Association. (IFA) Caldiera, known for his never-ending support of Right-leaning politicians and issues, is moving on, effective immediately.
Prediction: Caldiera will be offered $1 million a year to head up another Washington D.C. Republican lobbying organization.
A new Murphy Business Brokerage office is opening in Cleveland, Ohio. The office is poised to provide one of Ohio’s most comprehensive business brokerage services. The new Murphy Business of Cleveland office will be owned and operated by Michael Carrozza. He’ll offer assistance with the sale of local businesses, purchases, and valuations along with mergers and acquisitions.
SM Restaurant Partners and Fresh Burger LLC, are the newest Dallas, Texas franchisees of BURGERFI, a fast-food chain focused on quality and natural ingredients. They’re expected to open 18 new franchise units.
Jorge Torres is the newest Window Genie franchisee. Torres is just about ready to open his franchise business in The Woodlands, Texas. Asked why he ended up choosing to go with Window Genie, Torres said, “Window Genie stood out because it’s a mature franchise and has a simple business model with multiple revenue streams. While speaking to current Window Genie franchise partners, all of them with no exception told me I would be dealing with very decent people at the corporate office.”
Finally, I just released “The Ultimate Guide To The World Of Franchising.”
About the Author
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.
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