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Franchising

All articles tagged with #franchising

Wellness wave powers Smoothie King’s bold store expansion
business25 days ago

Wellness wave powers Smoothie King’s bold store expansion

Smoothie King says current wellness trends—protein and fiber focus, GLP-1 medications, and a push away from ultraprocessed foods—are driving growth. The privately held chain reports a 64% rise in system-wide sales over five years, 23% more stores, and plans to add more than 200 locations in coming years (about 90 this year). It also unveiled a warmer, redesigned store format and will expand into flatbreads. For 2025, revenue reached $66.16 million (up 4%), with net income down about 6% to $14.84 million, while 96% of stores are franchise-operated. The company emphasizes transparency around ingredients, stemming from its 2019 Clean Blends initiative.

via CNBC|
#business#expansion#franchising
Real and RE/MAX team up to create a global brokerage powerhouse
business29 days ago

Real and RE/MAX team up to create a global brokerage powerhouse

The Real Brokerage plans to acquire RE/MAX Holdings in an $880 million deal to form the Real REMAX Group, pairing Real’s cloud-based platform with REMAX’s global franchised network to serve more than 180,000 agents across about 8,500 franchisees and roughly $2.3 billion in pro forma annual revenue. Tamir Poleg will be CEO of the combined company, which will also keep Motto Mortgage; the transaction is expected to close in the second half of 2026 pending regulatory and shareholder approvals, with Real shareholders owning about 59% of the new entity. The deal aims to generate about $157 million in adjusted EBITDA pre-synergies and around $30 million in cost savings, though integration will be complex given the centralized brokerage versus decentralized franchise structure. The headquarters will be in Miami, while RE/MAX will maintain its Denver base and operations.

via RealEstateNews.com|
#business#franchising#mergers-and-acquisitions
Real to Acquire RE/MAX, Creating a Global AI-Driven Real Estate Platform
business29 days ago

Real to Acquire RE/MAX, Creating a Global AI-Driven Real Estate Platform

Real Brokerage will acquire RE/MAX Holdings in a deal valued at about $880 million (7x 2025 EBITDA) to form Real REMAX Group, a technology-enabled global platform that combines Real’s AI-powered brokerage with RE/MAX’s global brand and 145,000+ agents across 120+ countries. The pro forma 2025 revenue would be roughly $2.3 billion with about $157 million in Adjusted EBITDA, aided by ~$30 million in annual cost savings and ~100 basis points of margin expansion. The transaction is expected to be earnings- and EBITDA-accretive in the first full year post-close, with closing anticipated in H2 2026. Ownership would be ~59% Real and ~41% RE/MAX, and Real has secured a $550 million financing commitment to refinance debt and fund cash consideration. The combined group will be headquartered in Miami as a holding company, with Real remaining an owned brokerage and RE/MAX continuing its franchise network and Motto Mortgage brand. The deal requires shareholder and regulatory approvals and is structured as a tax-free transaction for U.S. federal income tax purposes.

via Business Wire|
#business#franchising#mergers-and-acquisitions
Dave’s Backers Fuel Birria Boom With Mike’s Red Tacos Franchise Push
business3 months ago

Dave’s Backers Fuel Birria Boom With Mike’s Red Tacos Franchise Push

Bill Phelps and Andrew Feghali, early backers of Dave’s Hot Chicken, are backing Mike’s Red Tacos in a nationwide birria-franchise expansion that could add hundreds of restaurants across the U.S. and internationally; the two-location San Diego chain has already secured development deals for over 200 units, with Vincent Montanelli named president and founder Mike Touma retaining San Diego rights while remaining on the board as a franchisee.

via CNBC|
#birria#business#daves-hot-chicken
"How Crumbl Cookies Turned a Fun Side Hustle into a $1 Billion Annual Business: Making Success Accessible to Everyone"
business2 years ago

"How Crumbl Cookies Turned a Fun Side Hustle into a $1 Billion Annual Business: Making Success Accessible to Everyone"

Crumbl Cookies, founded by two cousins with no professional baking experience, has grown into a billion-dollar business with over 980 stores in the U.S., selling more than 300 million cookies in 2022. Leveraging social media and weekly limited-edition cookie drops, the company has amassed a large following and attracted franchising interest, leading to the opening of over 600 new stores. Despite facing trademark infringement lawsuits, co-founder Jason McGowan believes their success is replicable, emphasizing that anyone can start a business and succeed.

via CNBC|
#business#crumbl-cookies#entrepreneurship
"TGI Fridays Closes Dozens of Locations Nationwide Amid Underperformance"
business2 years ago

"TGI Fridays Closes Dozens of Locations Nationwide Amid Underperformance"

TGI Fridays announced the closure of 36 underperforming restaurants across the U.S. as part of a strategic move to optimize operations. The closures will affect approximately 1,250 employees, though over 80% will be offered transfer opportunities to other locations. The decision follows a corporate restructuring, including the sale of eight corporate-owned restaurants to the chain's former CEO, Ray Blanchette, and the appointment of Weldon Spangler as the new CEO. The closures span 12 states, with a concentration in Massachusetts, New Jersey, New York, Texas, and Virginia.

via CBS News|
##business#corporatestrategy
Franchisees Push Back Against McDonald's Business Model Changes
business3 years ago

Franchisees Push Back Against McDonald's Business Model Changes

Franchisees are pushing for new laws and rules to limit the power of franchisers, citing new fees, required vendors, and constraints on their ability to sell. The Government Accountability Office released a report finding that franchisees "do not enjoy the full benefit of the risks they bear." The Biden administration is moving on two fronts, the Federal Trade Commission and the National Labor Relations Board, to regulate franchisers. Franchisers attribute the flurry of activity to union influence, while franchisees have recently voiced support for joint employer rules.

via The New York Times|
#biden-administration#business#franchising