franchise-business-insights

PE Profit Ladder Articles

Crunch Fitness Reportedly For Sale, TPG Looking For $1.5B Crunch Fitness Reportedly For Sale, TPG Looking For $1.5B

Crunch is up for sale, TPG is reportedly looking for at least $1.5B (15x). Fitness continues to be an area of steady private equity interest at both the franchisor and franchisee level.

Categories: All, PE Profit Ladder Newsletter, Trends

Wingstop Announces $500M Securitization Wingstop Announces $500M Securitization

Investors (private equity and also pensions, university endowments, sovereign wealth funds, etc.) also buy into franchise businesses on the debt side. For example, publicly traded #wingstop recently announced a $500 million whole business securitization. According to Global Capital it was 8x oversubscribed. Franchising's impact on our economy is bigger than most people realize and its tentacles reach broadly across various stakeholders.

Categories: All, Impact on franchising, Trends

Jersey Mike's Sold To Blackstone for $8B Jersey Mike's Sold To Blackstone for $8B

When you build a more valuable business FOR YOUR FRANCHISEES you win at exit. ..."only" 3,000 locations, $1.3M AUV, sold for $8B. Compare that to Subway with AUVs less than half JM's performance, 36,500 locations, sold for $9.6B. JerseyMikes continues to crush it. Now Blackstone simply needs to avoid messing up a great business.

Categories: All, Building smart, Impact on franchising, Trends

Tropical Smoothie Has a New CEO Tropical Smoothie Has a New CEO

The Tropical Smoothie Cafe case study appears in Big Money in Franchising because it shows what can be accomplished when a management team and PE sponsors both put franchisee outcomes and a great culture first. Charles Watson, CFE has had an incredible 16 year run @ TSC, the last 6 as CEO. These are big shoes for the new incoming CEO to fill.

Categories: All, Building smart, Impact on franchising

Entreye Podcast Interview Entreye Podcast Interview

Themes from this podcast: ▶ State of franchise brands in the US ▶ Private Equity's Value in Franchising ▶ When is the best time to attract PE investment ▶ Best way for brands to prep for PE, and things to avoid ▶ Reg flags PE looks for in Franchise brands ▶ PE's on the franchise development pipeline ▶ PE's interest in unglamorous industries ▶PE's role in enhancing value through platforming

Categories: All, Building smart, Emerging brands, Impact on franchising, Trends

Looking Ahead to 2025, Remember Franchise Ownership is Personal Looking Ahead to 2025, Remember Franchise Ownership is Personal

Looking Ahead to 2025, Remember Franchise Ownership is Personal

Categories: All, Building smart, Impact on franchising, Trends

Finance Book Club Interview Finance Book Club Interview

Finance Book Club Interview and broad discussion about private equity in franchising with live audience Q&A.

Categories: All, Building smart, Emerging brands, Prospective franchisees, Trends

Are PE Franchise Investors in a Funk? Are PE Franchise Investors in a Funk?

Is private equity in franchising stuck in a funk? Deal volumes are way down and it's challenging now to create great exits, especially if buyers leaned in a few years ago and bid high while interest rates were low. But don't be fooled by the temporary M&A activity slow down! PE's interest in franchise businesses remains resilient. For example, both the Create Emerging Restaurant Investment Conference (Nashville, October) and the Restaurant Finance and Development Conference (Las Vegas, November) are expected to be packed with investors looking to connect with great brands and teams. The franchise business model is attractive and long term growth prospects for franchising are strong. In the short term, some PE sponsors may take "good" rather than "optimal" exits to return cash to investors, including trades between continuation funds. But PE will continue to invest in franchising because the model is attractive and resilient. It's also a great time to a proven operator, since PE is hiring operating talent to help transform and accelerate their holdings. Recruiters are busy! PE must hit their acquisition business case. Behind the scenes, PE firms, M&A advisors, legal teams, and CPAs are preparing for what is predicted to be an upswing in deal activity in 2025. And a few impressive deals are still set to close this year...

Categories: All, Trends

Consider These Points When Selling Franchises During A Contentious Election Season Consider These Points When Selling Franchises During A Contentious Election Season

"Election jitters" can negatively impact the franchise development process. If your franchise sales have stalled, or you're suddenly hearing "We're going to wait" from prospective franchisees, here are tips to reboot growth.

Categories: All, Building smart, Emerging brands, Impact on franchising, Prospective franchisees, Trends

Previous 1 2 3 ... 16 Next

Popular Insights

As Seen In

Subscribe to Updates

Join our mailing list for book availability updates and new content!