Monthly Archives: August 2021
Some franchise categories have fared better than others during the COVID-19 pandemic. For example, while casual dining franchises have struggled (broadly speaking), many quick-service restaurant concepts that found ways to adapt by offering curbside takeaway and delivery have thrived. According to a recent article on Franchise Direct, child-related franchises have shown resiliency during the pandemic as well. Here, franchise lawyer Jeffrey M. Goldstein shares his thoughts on why that might be the case.
If you are like most prospective franchisees, you are on a budget. Buying a franchise is expensive, and you need to make sure you make every dollar count. So, is it really worth it to pay for a franchise business review? Or, is it enough to make sure you have a reasonably clear understanding of the terms of the franchisor’s Franchise Disclosure Document (FDD) and franchise agreement?
Franchise Gator recently released its 2021 Top Franchises List. Its list is somewhat unique from other franchise reviews in that it includes not only the site’s top-ranked franchises but also its three “Top Franchise Categories of the Year.”
In February 2020, we published an article titled, Is There Really Such a Thing as a Recession-Proof Franchise? While we would like to say that this was prescient, the reality is that it was simply a coincidence. However, what is not a coincidence is that the Franchise Business Review recently published a list of its Top 100 Recession-Proof Franchises. As the publication explains, the list “look[s] at today’s top franchise brands with the highest owner satisfaction and the greatest opportunity to perform in these historic times.”
Luxembourg-based JAB Holding Co. recently announced that it will be combining Panera Bread, Caribou Coffee and Einstein Bros. Bagels under its newly-formed Panera Brands. As reported by the Franchise Times, “the goal is to spread the expertise at the top across all brands and make major investments in technology and growth easier to digest . . . [and t]he infrastructure that helped Panera become a dominant fast-casual cafe will help ‘turbocharge’ growth for Caribou and Einstein.”
While most franchisees are individuals, couples or small groups business partners, some are not. In fact, the biggest franchisees are multi-billion-dollar corporations. The Franchise Times recently released its “Restaurant 200” list ranking the biggest franchisees in the restaurant sector. Here, franchise attorney Jeffrey M. Goldstein discusses some notable takeaways from the Franchise Times Restaurant 200.