If this latest Subway securitization closes at $2.3 billion it would be the 4th largest this year according to Yahoo Finance. It's been a particularly busy year for whole business securitization. The independent franchisee association should continue to stay engaged. At least some of this cash should be reinvested in the business, which continues to face headwinds, not solely used to repay investors and the PE sponsor.
New FTC franchise guidance will primarily impact systems with broken or non-existent change management processes. But the entire franchise "neighborhood" can be tainted by association when a few systems don't handle change well. Their mess reflects poorly on the franchise model & attracts regulator attention.
The influx of Private Equity capital in franchising has accelerated the growth of many franchisors and multi-unit franchisees. This wide-ranging interview with Dr. Gosser covers multi-unit operators, PE history in franchising, the PE power dynamic, and how PE transforms brands - including pros and cons of PE investment in franchising.
This in-depth interview focuses on private equity's impact especially on emerging brands and how brands can set themselves up for growth, success, ....and potentially a PE transaction down the road.
Alicia Miller, founder and managing director of Emergent Growth Advisors, shares how smart franchise entrepreneurs can find the right capital partners to reach their goals and how franchisees can factor private equity into their own growth plans.
This blog update provides an overview of M&A activity and implications for franchising. Bottom line - next year is shaping up to be extremely busy for M&A. Prospective sellers need to act now to maximize their value tomorrow.
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.
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.
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.
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PRIVATE EQUITY’S IMPACT ON FRANCHISING
EMERGING BRANDS
TRENDS
BUILDING SMART
PROSPECTIVE FRANCHISEES
TURNAROUNDS & CASE STUDIES