PE Profit Ladder Articles
Franchise Today with Stan Friedman
This discussion focuses on how founders and franchisees can navigate to reach their own objectives when private equity owns the franchise or when trying to attract PE to fund growth.
Responsible Franchising Must Confront Weaknesses In How New Concepts Are Launched
New state-level guidance about franchise sales is getting attention right now. But if we really want to embrace responsible franchising, we must also confront weaknesses in how new concepts are launched in the first place.
NLRB Backs off Franchise Joint Employer...For Now
The National Labor Relations Board (NLRB) said it will not appeal a federal court’s ruling that franchisors and franchisees should not be considered joint employers. Only in rare cases would joint employer be the case, and the franchisor would have to have direct influence over how franchisees manage their staff. This is a critical ruling to protect the essence of the franchise model and removes uncertainty.
Entrepreneurship by Acquisition
Entrepreneurship by acquisition (ETA) is a growing trend we're also seeing in franchising. More independent sponsors (usually young post-grads looking for franchisor businesses to buy) are raising money and looking for acquisition opportunities. They are active in the franchise sector. Emerging brands that are still too small to attract traditional private equity are good candidates for this type of partner. More universities are (thankfully) teaching about entrepreneurship by acquisition...and even writing case studies about ETA in franchising...Professor AJ Wasserstein at Yale School of Management is one example. I'm encouraged to see more and more universities teaching both franchising and ETA.
Franchise Hot Seat Podcast with Dr. John Hayes
The Franchise Hot Seat Podcast with Dr. John Hayes is presented by the Titus Center for Franchising at Palm Beach Atlantic University. In this episode we discuss how private equity moves franchise brands forward, which players are investing in the franchise sector, and how founders and franchisees can reach their objectives in franchising now that PE is a dominant force.
M&A Slow Down - Use This Time to Prepare
2024 has been slower for franchise M&A deals, but a few transactions are getting done. A panel of franchise experts discusses what they're seeing and when deal flow will return.
Small Biz Chat with Melinda Emerson "The Small Biz Lady"
We discuss key aspects of franchising a business. It's more lucrative than you think, but you need the right strategy! This webinar/podcast is geared to first time entrepreneurs who are thinking about franchising their concept, as well as prospective franchisees who are researching franchise opportunities. We also cover how private equity has changed the franchise landscape.
How to Build and Grow a Franchise System that You Can Sell to Private Equity
What does it take to build a franchise business that will attract a private equity buyer? What should you do right now? Over the next 12, 24, 36 months to get ready? Begin with the end in mind. What does it takes to really scale a franchise system? How do you position your brand right out of the gate?
Carl's Jr. & Hardee's to Separate
It appears that after years of attempting to reboot both brands, the split of Hardee's and Carl's Jr. will hopefully create more focused marketing to drive traffic. It also makes it easier to sell each brand or transfer one of them to one of Roark's portfolio companies should Roark wish to do so. For more, see the CKE Restaurants case study in my book: Big Money in Franchising (available on Amazon).
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PRIVATE EQUITY’S IMPACT ON FRANCHISING
EMERGING BRANDS
TRENDS
BUILDING SMART
PROSPECTIVE FRANCHISEES
TURNAROUNDS & CASE STUDIES