Franchise Times

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Franchise Times is an American business publication covering franchising in the United States.

Contents

The magazines has reports on franchising trends and legal issues, franchisor and franchisee success stories, family business matters, and interviews with celebrities who are involved in franchising [1] [2]

History

Franchise Times was created by Crain Communications in 1994 under the title Franchise Buyer. [3] The name was changed in 1996 to Franchise Times. [4]

In September 1998, John Hamburger, owner of Franchise Times Corp [5] purchased the rights to the Franchise Times trademark, subscription and advertiser lists, copyright, web domain name, and back issues. He saw restaurant chains were moving into the franchise arena and wanted to expand his restaurant coverage to that growing trend. [6]

Hamburger also purchased Continental Franchise Review (CFR) in 1998. A newsletter that covered franchise developments, Hamburger combined it with Franchise Times.. [7] [8] He hired the former publisher of CFR, Janet Sparks, to write editorials under the CFR trademark. She then moved to writing a monthly column until 2011. [9] Mary Jo Larson, who was the publisher/editor of the Restaurant Finance Monitor became the new editor of the magazine. She also served as the first editor and is now publisher and vice president.

The new Franchise Times printed its first issue in 1999. That same year, the magazine published its first ranking of the Franchise Times Top 200 franchise companies based on worldwide sales and locations. The list also included the next 100 "up and comers." Franchise Times' list was different from others in that rankings were based solely on sales and unit counts. It has since expanded its list to the top 500 companies, under the trademark of the Top 200+. [10]

In 2000, Franchise Times started its Legal Eagles feature, a list of top franchise attorneys in the United States and Canada, based on peer and client referrals and input from an editorial committee. [11]

Research

Franchise Times publishes the Top 200+, a ranking of the 500 largest franchises based on worldwide sales in its October issues. [12] The data—which also includes other data points such as number of units, both franchised and company-owned, and international units—is used by Franchise Times and others to track franchise growth and analyze trends in the various franchise segments in news stories.

"Fast and Serious", [13] an editorial feature that identifies growing franchise systems, was launched in 2014. The results of the findings are published in March, along with analysis of the trends.

Franchise Times' Restaurant 200 [14] is a ranking of the top restaurant franchisees in the U.S., compiled by its sister publication, the Restaurant Finance Monitor.

Japanese edition

In 2003. Hamburger signed an agreement with franchise business consultant Roy Fujita to produce a Japanese edition of Franchise Times. It uses content from the U.S. publication, but sells its own advertising around it. [15]

Conferences

Franchise Times hosts a yearly conference in Las Vegas, the Franchise Finance & Growth Conference. [16] CEOs and CFOs are invited there to talk about their brands before lenders, franchisors and multi-unit franchisees. The conference also provides educational and networking sessions. The Franchise Times Dealmakers of the Year [17] are conferred on franchise companies and executives. Dealmakers is also a popular editorial feature in the April issue of the magazine.

Related Research Articles

<span class="mw-page-title-main">Franchising</span> Practice of the right to use a firms business model and brand for a prescribed period of time

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement.

<span class="mw-page-title-main">Burger King</span> Global chain of hamburger fast food restaurants headquartered in Florida

Burger King Corporation is an American multinational chain of hamburger fast food restaurants. Headquartered in Miami-Dade County, Florida, the company was founded in 1953 as Insta-Burger King, a Jacksonville, Florida–based restaurant chain. After Insta-Burger King ran into financial difficulties, its two Miami-based franchisees David Edgerton (1927–2018) and James McLamore (1926–1996) purchased the company in 1959 and renamed it "Burger King". Over the next half-century, the company changed hands four times and its third set of owners, a partnership of TPG Capital, Bain Capital, and Goldman Sachs Capital Partners, took it public in 2002. In late 2010, 3G Capital of Brazil acquired a majority stake in the company, in a deal valued at US$3.26 billion. The new owners promptly initiated a restructuring of the company to reverse its fortunes. 3G, along with partner Berkshire Hathaway, eventually merged the company with the Canadian-based doughnut chain Tim Hortons, under the auspices of a new Canadian-based parent company named Restaurant Brands International.

<span class="mw-page-title-main">Hardee's</span> American-based fast-food restaurant chain

Hardee's Restaurants LLC is an American fast-food restaurant chain operated by CKE Restaurants Holdings, Inc. ("CKE") with locations primarily in the Southern and Midwestern United States. The company has evolved through several corporate ownerships since its establishment in 1960 in North Carolina.

<span class="mw-page-title-main">A&W Restaurants</span> American fast food chain

A&W Restaurants, Inc. is an American fast food restaurant chain distinguished by its burgers, draft root beer and root beer floats. The oldest extant restaurant chain in the United States, A&W's origins date back to 1919 when Roy W. Allen set up a roadside drink stand to offer a new thick and creamy drink, root beer, at a parade honoring returning World War I veterans in Lodi, California. Allen's employee Frank Wright partnered with him in 1922 and they founded their first restaurant in Sacramento, California in 1923. The company name was taken from the initials of their last names – Allen and Wright. The company became famous in the United States for its "frosty mugs" – the mugs were kept in a freezer and filled with A&W Root Beer just before being served to customers.

<span class="mw-page-title-main">Roy Rogers Restaurants</span> American fast food restaurant chain

Roy Rogers Franchise Company, LLC is a chain of fast food restaurants primarily located in the Mid-Atlantic and Northeastern United States. The chain originated as the rebranding of the RoBee's House of Beef chain of Fort Wayne, Indiana, acquired by the Marriott Corporation in February 1968. However, Marriott first used the Roy Rogers Roast Beef name on conversions of the company's Junior Hot Shoppes in the Washington, D.C. area in April 1968, then the existing RoBee's stores. An aggressive nationwide franchising campaign was launched. At its peak, the chain included over 600 locations. The chain now has 41 locations in seven states, either company owned or franchised.

<span class="mw-page-title-main">Hungry Jack's</span> Australian fast food franchise

Hungry Jack's Pty Ltd. is an Australian fast food franchise of the Burger King Corporation. It is a wholly owned subsidiary of Competitive Foods Australia, a privately held company owned by Jack Cowin. Hungry Jack's owns and operates or sub-licenses all of the Burger King/Hungry Jack's restaurants in Australia.

<span class="mw-page-title-main">Big Boy Restaurants</span> American restaurant chain

Big Boy Restaurant Group, LLC is an American restaurant chain headquartered in Southfield, Michigan. The Big Boy name, design aesthetic, and menu were previously licensed to a number of regional franchisees.

<span class="mw-page-title-main">Captain D's</span> U.S.-based restaurant chain

Captain Ds, LLC. is an American fast casual restaurant chain that specializes in seafood and is headquartered in Nashville, Tennessee. The chain was founded as Mr. D's Seafood and Hamburgers by Raymond L. Danner Sr. on August 15, 1969, in Donelson, Tennessee. The chain is currently owned by private-equity firm Centre Partners. Captain D's has more than 500 locations in the United States.

<span class="mw-page-title-main">Jimmy John's</span> American sandwich chain

Jimmy John's is an American sandwich chain headquartered in Champaign, Illinois. The business was founded by Jimmy John Liautaud in 1983. After Liautaud graduated from high school, his father gave him a choice to either join the military or start a business. Liautaud decided to start a hot dog business, which changed to sandwiches due to costs.

<span class="mw-page-title-main">Shoney's</span> Casual dining restaurant in the southeast USA

Shoney's is an American restaurant chain headquartered in Nashville, Tennessee. As of March 2024, the company operates 58 locations in Alabama, Florida, Georgia, Kentucky, Louisiana, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

<span class="mw-page-title-main">Rax Roast Beef</span> American fast food chain, founded 1967

Rax Roast Beef is a regional U.S. fast food restaurant chain specializing in roast beef sandwiches. The company has been through many iterations, declaring bankruptcy more than once, rising to as many as 504 locations in 38 U.S. states in the 1980s and falling to fewer than 20 locations on more than one occasion. As of 2024, Rax is based in Ironton, Ohio, and has only six franchisee-owned restaurants still in operation.

<span class="mw-page-title-main">Frisch's</span> American restaurant chain

Frisch's Big Boy is a regional Big Boy restaurant chain with headquarters in Cincinnati, Ohio. For many years a Big Boy franchisee, in 2001, Frisch's became the exclusive owner of the Big Boy trademark in Indiana, Kentucky, and most of Ohio and Tennessee, and is no longer affiliated with Big Boy Restaurant Group. In July 2022, there were 84 restaurants in Indiana, Kentucky, and Ohio. This included 11 Big Boy stores in Cincinnati, 6 in Dayton, Ohio, and 3 in Louisville, Kentucky. Frisch's is the oldest, longest surviving, and largest regional Big Boy operator, excluding Bob's Big Boy in California, which was the original Big Boy restaurant and franchiser. As of December 2023, Frisch's is at 90 stores. The last new Frisch's opened in Dry Ridge Kentucky in 2019, therefore 8 stores reopening from COVID-19 around 2022-2023. Many stores closed afterwards, likely due to the ongoing Inflation crisis.

<span class="mw-page-title-main">Bob's Big Boy</span> American restaurant chain

Bob's Big Boy is a restaurant chain founded by Bob Wian in Southern California in 1936, originally named Bob's Pantry. The restaurant is named after Wian and the Big Boy hamburger, which he created six months after opening his original location. Slicing a bun into three slices and adding two hamburger patties, Wian had created the original double-decker hamburger. The chain changed hands several times after Wien sold it in 1967. It was eventually purchased by a group of Michigan investors in 2018, renaming the chain's parent company Big Boy Restaurant Group.

The majority of the locations of international fast-food restaurant chain Burger King are privately owned franchises. While the majority of franchisees are smaller operations, several have grown into major corporations in their own right. At the end of the company's fiscal year in 2015, Burger King reported it had more than 15,000 outlets in 84 countries; of these, approximately 50% are in the United States and 99.9% are privately owned and operated. The company locations employ more than 37,000 people who serve approximately 11.4 million customers daily.

Competitive Foods Australia (CFA) is the largest franchiser of restaurants in Australia. It is owned and operated by Jack Cowin. Its units are Hungry Jack's and, previously, some KFC stores.

<span class="mw-page-title-main">The Briad Group</span>

The Briad Group are based in Livingston, New Jersey with over 120 franchise locations in the United States under the brands T.G.I. Friday's, Wendy's, Marriott, and Hilton. The company is the #1 operator of T.G.I. Friday's.

<span class="mw-page-title-main">Edible Arrangements</span>

Edible Arrangements, LLC is a U.S.-based franchising business that specializes in fresh fruit arrangements, combining the concept of a fruit basket with designs inspired by flower arrangement. The company also sells a variety of specialty fruit gift items, such as gift boxes featuring chocolate dipped fruit, and fresh fruit products.

Katten Muchin Rosenman LLP (Katten) is a full-service law firm in locations across the United States, London and Shanghai. The firm's practice includes commercial finance, financial markets and funds, intellectual property, structured finance and securitization, transactional tax planning, and private wealth. Katten represents public and private companies in numerous industries, as well as a number of government and nonprofit organizations and individuals.

James Bodenstedt is the former President and CEO of MUY! Brands, an operator of franchised restaurants, including Wendy's and the Yum! Brands of Taco Bell, KFC, Pizza Hut, and others. He and his wife were major donors to President Donald Trump's 2020 election campaign, donating more than $1 million. MUY! Brands and its subsidiaries were among the first companies to receive coronavirus relief aid by the Trump administration.

The Franchise 500 is an annual ranking of the top 500 franchising companies in the U.S. and Canada, compiled by Entrepreneur magazine through a submission and review process. The ranking is based on an evaluation of each company's costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. The list includes both public and privately held companies, and has been published annually since 1980.

References

  1. ↑ "Saints QB Drew Brees suits up for his next franchise gig". Franchise Times. Retrieved 21 April 2021.
  2. ↑ "New York Yankees legend Alex Rodriguez talks hot yoga, broke athletes, J-Lo and fear". Franchise Times. Retrieved 21 April 2021.
  3. ↑ "Crain to launch Franchise Buyer". Archived from the original on 2016-03-04.
  4. ↑ "'Franchise Times' greets new year". Archived from the original on 2016-03-04.
  5. ↑ "John Hamburger, Franchise Times Corp".
  6. ↑ "Subscription Center".
  7. ↑ "Janet Sparks". Blue MauMau franchise news for the franchisee.
  8. ↑ "Remembering Pioneer Tom Murphy of Continental Franchise Review". Blue MauMau franchise news for the franchisee. Archived from the original on 2017-09-07.
  9. ↑ "Reporter Janet Sparks Leaves Franchise Times". Blue MauMau franchise news for the franchisee.
  10. ↑ "Giants stumble for first time in exclusive Franchise Times ranking". Franchise Times via PR Newswire. 2015-10-01. Retrieved 2016-01-14.
  11. ↑ "How To Find a Franchise Lawyer".
  12. ↑ "Mr. Appliance® ranked among Franchise Times Top 200".
  13. ↑ 1851franchise. "Wide array of franchises make Fast and Serious list". 1851 Franchise Magazine.{{cite web}}: CS1 maint: numeric names: authors list (link)
  14. ↑ "Biggest Foodservice Franchise Companies Get Bigger, Accelerate Sales and Unit Growth". Technomic Blog.
  15. ↑ "フランチャイズタイムズ日本版 - 日本とアメリカのフランチャイズ（ＦＣ）ビジネス情報 (Franchise Times English version - Japan and the United States of the franchise (FC) business information)". Fctimes.jp.
  16. ↑ "Arby's, Uncle Maddio's, Sonic CEOs among speakers at Franchise Finance & Growth Conference". www.fastcasual.com.
  17. ↑ "The Dwyer Group".
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