Joel Libava
Here are some of the latest franchising news updates.
Some of them involve franchise business news and/or announcements, while some of the items below feature industry news and comment.
Enjoy!
Franchising News Updates
The folks over at Small Business Trends lists a dozen or so franchises you can buy for under $10k.
In reality, it’s the upfront franchise fee that’s under the $10,000 mark, but their list is still worth checking out.
Next, have you heard of Toastique?
It’s a “toast” franchise, and according to this report, the franchisor is experiencing good momentum.
Most pet franchise opportunities aren't worth your time. This one is different — and most people never even hear about it. Low investment. Serious support. Real upside.
Check Out This Opportunity Today
Although talk on the street is focused on this cookie franchise, Great American Cookies just announced the opening of its 400th location.
Started in 1977, this impressive franchise company has locations in 31 states and five countries around the world.
In other food franchise news, a full-service restaurant franchise founded by the star of Paramount Network’s Bar Rescue, Jon Taffer, has signed a business deal to bring his Taffer’s Tavern to Montgomery, Alabama.
The deal includes potential expansion into other areas of the state.
FTC Updates And More
This next piece is the type of franchising news that can impact the franchise industry in a big way, because it’s about the fact that the FTC is potentially considering closer regulation of franchising.
The agency asked for public comment concerning some of the current regulations, and they’re doing a deep dive on them as we speak. I submitted my own comments and thoughts early on.
Here are some of things being discussed. And all of us in franchising are waiting for an update.
Ziebart, a huge automotive franchisor just had their Ziebart Reunion at the Renaissance Center in Detroit, Michigan.
Ziebart franchisees from around the country attended this event to collaborate and celebrate. Here’s a short video featuring event highlights.
Finally, Leslie Fair, a Senior attorney with the United States Federal Trade Commission (FTC) is in the middle of writing an informative series about franchising.
In this excellent article, she debunks five myths about buying a franchise.
And here are a few more franchising myths.
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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