(A cute kid playing with leaves in October)
October. Really? Can you believe that we’re going to have to start writing “2017” on our business checks?
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Here are some of the hottest franchise and small business news stories for October. Stay informed!
Franchise Stories
The Melting Pot, a fondue restaurant franchise chain has just announced its first “Path to Grow” program (PGP) franchise agreement, granting ownership of the Spokane, Washington Melting Pot to Hollis and Kim Silva, who are currently managers of the restaurant.
The PGP financing program takes the financial burden off operators who are approved to become franchisees of The Melting Pot by enabling them to invest as little as 5 percent liquidity into the purchase of an approved, existing restaurant. The franchisor then provides up to 95% of the financing in the form of a loan to the franchise partner to allow them to acquire the location.
FYI: A Melting Pot franchise is not for everyone. To see why, go to Franchise Direct-and check out the upfront costs to open one.
Federal lawsuit: Hooters of America LLC says in recent court filings that a Hooters in Paramus, New Jersey, fell into “deplorable” conditions and closed. Go here to see why Hooters is suing the franchisees.
Domino’s is looking to hire 1,000 new employees in this city.
Marcus Lemonis, the millionaire Profit-maker, has some suggestions-good ones, for people who feel their businesses are ready for franchising.
Small Business Stories
The National Federation of Independent Business (NFIB) reports that the election is not having a very positive effect on small business owners. They’re worried about the continued divisiveness in our country. Check out the report.
I was asked comment on the upcoming election for Forbes.com. Here’s what I said.
Matthew. It’s my little cousin’s name. It’s also the name of the huge hurricane that recently traveled up the East coast of the United States. You should read about the damage Hurricane Matthew did to local small businesses.
My friend, Gene Marks, writes a great weekly column about the latest tech trends for small business. Check out these trends.
Driving The Economy
Franchise businesses-all small businesses, actually, are major drivers of the U.S. economy.
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