A BCC Research study reports that the U.S. market for food safety testing will have a compound average annual growth rate of 5.8 percent over the next five years. According to a new technical market research report, Food Safety Testing: The U.S. Market (FOD011E) from BCC Research, the U.S. market for food safety testing will […]
Applebee’s International, Inc. (Nasdaq:APPB) today reported comparable sales for the four-week period ended August 26, 2007. System-wide domestic comparable sales decreased 0.9 percent for the August period, while comparable sales for domestic franchise restaurants decreased 0.7 percent. Comparable sales for company restaurants decreased 1.6 percent, reflecting a decrease in guest traffic of between 6.0 and […]
Denny’s Corporation (NASDAQ: DENN) today announced the launch of its Franchise Growth Initiative, a development program designed to accelerate franchise growth in key markets across the country that have untapped consumer demand. The first successful multi-unit transactions have included the sale of 34 company restaurants to both new and existing Denny’s franchisees and commitments by […]
Red Robin Gourmet Burgers, Inc. (Nasdaq: RRGB), aannounced that it has closed on the acquisition of 15 of the 17 existing franchised Red Robin® restaurants in the state of California from Top Robin Ventures and Morite of California effective June 18, 2007. In addition, the franchise territory included in this acquisition encompasses the area of […]
Carlson Restaurants Worldwide Inc., parent company of T.G.I. Friday's(R) and Pick Up Stix(R) restaurants, today announced plans to accelerate its development growth through the addition of new T.G.I. Friday's franchisees within Louisiana. "Friday's is excited about broadening its market presence in Louisiana through the strategic recruitment of a broad base of candidates including minority owner/operators, […]
Away-from-home breakfast sales are growing, but remain a major underdeveloped opportunity for restaurant operators according to new research by Technomic. Even though the vast majority of consumers still prepare breakfast at home, sometimes eating it in the car or at school or work, consumers’ demand for time-saving convenience continues to grow, signaling breakfast growth opportunities […]
Brinker International, Inc. (NYSE:EAT) announced a new franchise and development agreement with franchisee ERJ Dining of Louisville, Ky. Under terms of the agreement, ERJ Dining will acquire 76 existing Chili's Grill & Bar restaurants and develop 49 new locations in the Midwest U.S. Including the ERJ Dining agreement, during the current fiscal year, Brinker domestic […]
Reuters reported today that the famous Hooters hot wings will soon be available in Israel, at the Hooters restaurant that is planned to open in Tel Aviv. Ofer Ahiraz has bought the Hooters franchise for Israel and told the news service that he predicts the quick serve will be successful in the Middle Eastern city. […]
It's no surprise that dining out is as common as dining at home these days and that Americans are expecting more from their restaurant experiences than ever before. The nation's 935,000 restaurants are ready to deliver by monitoring the latest consumer and food trends to satisfy increasingly adventurous diners who also place a high premium […]
Red Robin Gourmet Burgers announced that it has closed on the acquisition of 11 of the 13 franchised Red Robin restaurants in Washington state. The franchised restaurants were owned by various partnerships affiliated with Great Western Dining, the former manager of the restaurants. The net proceeds paid at the initial closing were approximately $33.5 million, […]
The International Franchise Association announced plans for a new initiative to help IFA member companies recruit more minority franchisees into their systems. Called "MinorityFran" the initiative is designed to provide one, convenient point where minority prospects can explore franchise offerings of companies actively looking to recruit minority franchisees. The initiative will build on relationships forged […]
The International Franchise Association has appointed Victoria J. Adams as director of political affairs. Adams will be responsible for developing and implementing overall strategy for the association's political action committee, FranPAC, as well as fund raising and coordinating IFA's activities to provide maximum effectiveness in achieving the organization's legislative agenda. IFA, the "voice of franchising," […]
Rubio's Restaurants, Inc. today announced the signing of a new franchise agreement and its 2006 development plans. Rubio's and Food Courts of Nevada LLC ("FCON") have agreed to a five year, five restaurant development agreement in Las Vegas, Nevada. FCON specializes in casino food courts and currently operates as a franchisee of Subway, Wienerschnitzel, Noble […]
Buffalo Wild Wings will open its first restaurant in the metro New York metro area in New Rochelle as part of a 36-unit franchise agreement signed with Four M Capital, LLC, a New York-based investment company. The New Roc City Buffalo Wild Wings features 10 big screen TVs, two 42” plasmas, and 35 32” flat […]
Visitors to the 10th annual International Franchise Association (IFA) Show at the Washington Convention Center, May 18-20 will hear a message that two brands may be better than one for a potential quick service restaurant franchisee with Yorkshire Global Restaurants, parent company for A&W Restaurants and Long John Silver's Restaurants. A&W Restaurants and Long John […]
The International Franchise Association (IFA) will host a franchising workshop at the Brooklyn Marriott Nov. 6 to help area minority and women entrepreneurs explore acquiring their own franchises. IFA, created 40 years ago, today represents more that 30,000 members of the franchising community including business-format franchisors, franchisees, and suppliers. Today franchising spans more than 70 […]
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