DOCSLIB.ORG

Veterans in Franchising Prepared by Franchise Business Review for the International Franchise Association

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Veterans in Franchising Prepared by Franchise Business Review for the International Franchise Association 2012 A Progess Report Veterans in Franchising Prepared by Franchise Business Review for the International Franchise Association A report on the results of Operation Enduring Opportunity, a campaign of the International Franchise Association’s VetFran Strategic Initiative For more information please contact: International Franchise Association 1501 K Street, NW, Suite 350 Washington, DC 20005 (202) 628-8000 www.vetfran.com Embargoed until 6:00 am November 8, 2012 (12% higher), Effective Use of Technology (11% higher), EXECUTIVE SUMMARY System-wide Communications (9% higher), and Training Franchise Business Review was engaged by the and Support (8% higher). Four out of five veterans International Franchise Association (IFA) to survey the “enjoy operating” their franchise business (83%), “enjoy franchise industry regarding the hiring of veterans and the being part of this franchise organization,” (81%), would launch of veteran franchise business owners since the start “recommend to others” their franchise brand (79%). of Operation Enduring Opportunity, a campaign launched • 95% of franchisees surveyed believe that veterans are a in 2011 of the International Franchise Association’s VetFran good fit for employment within their franchise business. strategic initiative, founded in 1991. An industry-wide survey, the first of its kind of this scale, was conducted between Oct. 1 and Oct. 31, 2012. BACKGROUND The survey found that the franchise industry has enabled over 64,000 veterans, military spouses and wounded With over 1 million veterans transitioning out of military warriors to find employment in franchising since 2011. service by 2015, the International Franchise Association In total, 60,466 veterans found employment since 2011 (IFA) answered First Lady Michelle Obama’s call to assist in across the 791 businesses participating in the survey, which the transition effort through the White House Joining Forces include franchisors, franchisees, and franchising supplier initiative. On November 10, 2011, IFA President & CEO companies. Additionally, surveys showed an increase in Steve Caldeira joined the First Lady to announce Operation veteran franchise ownership, bringing the total of veteran Enduring Opportunity, an unprecedented commitment by franchise owners to 4,314, for a total of 64,880 new veterans the franchise industry to hire as team members and recruit in franchising since 2011, according to survey results. as franchise business owners 75,000 veterans and military spouses, plus 5,000 wounded warriors, by 2014. Operation Methodology: Enduring Opportunity expanded IFA’s VetFran strategic initiative, launched in 1991 to help veterans of the first Gulf Covering a range of industries, business models, and War, adding a hiring component in addition to its original company sizes in order to approximate the diversity of the franchise owner development mission, to address the franchise sector, IFA franchise members were invited to immediate needs of returning veterans. participate in an on-line survey conducted between Oct. 1 Veterans have a proud history of success and service in and Oct. 31, 2012. The survey was composed, constructed franchising. and distributed by Franchise Business Review, which also According to an analysis of the 2007 Census Bureau compiled and tabulated the results. Approximately 13% of Small Business Owner survey by PricewaterhouseCoopers franchisors invited to participate responded to the survey, for the IFA, there were 66,275 veteran owned franchises, and 10% of franchisees contacted participated. supporting 814,600 jobs, generating $139.3 billion in sales and contributing $41.6 billion in contributions to GDP, at Key findings: that time. The PwC study showed that the average veteran-owned • 64,880 veterans have started careers in franchising franchise businesses compared very favorably to all veteran since 2011. owned businesses, generating average gross receipts of • 4,314 veterans became franchisees among companies $2.1 million compared to $445,487 for all veteran-owned according to industry surveys. businesses. Veteran-owned franchises also employed more • Veterans hire veterans. Veteran franchise owners were workers (12.3) than the average veteran-owned business (3), 30% more likely to have hired a veteran than non- indicating that veteran franchisees are stronger job creators veteran-owned franchise businesses. than their non-franchised peers in business ownership. • 32% of franchisors surveyed indicated that they had Since the launch of Operation Enduring Opportunity, over hired at least one veteran/spouse of a veteran as a new 150 franchise companies have joined VetFran, for a total corporate employee since 2011. of over 530 companies now actively hiring and developing • 28% of franchisees surveyed indicated that they had veterans as franchise business owners. hired at least one veteran/spouse of a veteran since 2011. Why are veterans successful in franchising? • Most popular franchise industries among veterans coming into franchising include Automotive (16%), • Veterans come back with strong leadership skills and a General Services (15%), Food (15%), Residential/Home thorough understanding of teams. Military experience Services (11%), and Business Services (8%). Based on an includes leading people, improving processes, and independent Franchise Business Review survey of 739 accomplishing the mission. Just like in the military, in veteran franchisees that purchased a franchise within the franchising, the mission is accomplished by the team. last 2 years (completed 9/30/12). • Franchises run on systems. Implementing systems and • Satisfaction in franchising among veteran franchise following procedures with precision, emphasized in owners is higher across the board compared to military training, leads to success in franchising. industry averages. Veteran franchise business owners • Franchises provide training. Veterans are trained and have a higher rate of satisfaction regarding franchisor taught very specific skills to be used to carry out very performance in Marketing & Promotional Programs specific tasks. Franchises have comprehensive training 1 and support built into their opportunities. This means a • Gender – Of franchisees surveyed, 72% are male and veteran can enter into a completely new field, follow 28% are female. the franchisor’s proven business model, and receive the • Age – The majority of franchisees surveyed (61%) are training, guidance, and support a new business owner between the ages of 45 – 64 years old. Median age is needs to succeed. approximately 50 years old. • Franchises offer support. In franchising, veterans are • Ethnicity – Of franchisees surveyed, 77% indicated business “for” themselves, but not “by” themselves. that they are Caucasian, 11% Asian, 4% Hispanic, 2% African American, and 7% Other. • Education – 60% of franchisees surveyed indicated that SURVEY RESULTS they held a bachelor’s degree or advanced degree. Results include survey findings from franchisors, Key Findings from the Franchisor Survey franchisees and suppliers, as well as veteran satisfaction and performance statistics from Franchise Business Review: • 32% of franchisors surveyed indicated that they had hired at least one veteran/spouse of a veteran as a Key Findings from the Franchisee Survey corporate employee since 2011. • Franchisors stepped up efforts to recruit veterans as • 28% (203) of franchisees surveyed indicated that they franchise owners, bringing the industry total to 4,314 had hired at least one veteran/spouse of a veteran since new veteran franchise owners since 2011. 2011. • Most popular franchise industries among veterans • The most popular industry sectors for hiring of veterans/ coming into franchising include Automotive (16%), spouses of veterans by franchisees are food (33%), General Services (15%), Food (15%), Residential/Home Automotive (22%), General Services (9%), Residential / Services (11%), and Business Services (8%). Based on an Home Services (8%) and Commercial Services (7%). independent Franchise Business Review survey of 739 • 95% of franchisees surveyed believe that veterans are a veteran franchisee that purchased a franchise within the good fit for employment within their franchise business. last 2 years (completed 9/30/12). • Nearly half (46%) of franchisees surveyed did not know • 82% of franchisors surveyed indicated that the total whether or not their franchisor was a member of VetFran number of veterans being recruited into their company or not, while another 30% indicated that their franchisor has increased since 2011. 28% said the rate has was NOT a VetFran member. increased significantly since 2011. • 80% of franchisees surveyed are NOT aware of any • 100% of franchisors surveyed indicated that veterans are special tax credits available to employers that hire a good fit as employees. veterans. • 97% of franchisors surveyed indicated that veterans are • 75% of franchisees surveyed indicated that they are a good fit as franchisees within their company. Of the single-unit operators, and the remaining 25% indicated 3% that indicated that veterans were not a good fit to be that they are multi-unit operators. Not surprisingly, franchisees, “required specialized industry/professional multi-unit operators were nearly twice as likely to have training not common among veterans,” or “high level of hired a veteran as single-unit owners… 40% of multi- investment being a barrier” was given as the underlying unit operators indicated hiring at least 1 veteran, vs. only
Load more

Recommended publications
  • Franchise Disclosure Document
    FRANCHISE DISCLOSURE DOCUMENT Great American Cookies FDD-04012012-v1 GAC Franchising, LLC A Delaware limited liability company 1346 Oakbrook Drive, Suite 170 Norcross, Georgia 30093 (770) 514-4500 [email protected] www.greatamericancookies.com FRANCHISE DISCLOSURE DOCUMENT GAC Franchising, LLC (“we,” “us,” or “our”) offers franchises for the operation of retail stores selling cookies, brownies and related food items and beverages under the GREAT AMERICAN COOKIES mark (“Stores”). The total investment necessary to begin operation of a GREAT AMERICAN COOKIES franchise is $148,350 to $280,350 for a Traditional Store, $121,000 to $239,600 for a Non-Traditional Store; and $44,550 to $138,394 for a Satellite. This amount does not include rent for the Store. This includes $20,000 to $43,000 that must be paid to us or our affiliates. The total investment necessary to begin operation of a GREAT AMERICAN COOKIES Area Development franchise is $52,500 and up. This includes $52,500 or more that must be paid to us or our affiliates. This Franchise Disclosure Document (“Disclosure Document”) summarizes certain provisions of your Franchise Agreement, Area Development Agreement, and other information in plain English. Read this Disclosure Document and all accompanying agreements carefully. You must receive this Disclosure Document at least 14 calendar days before you sign a binding agreement with, or make any payment to, the franchisor or an affiliate in connection with the proposed franchise sale. Note, however, that no governmental agency has verified the information contained in this document. You may wish to receive your Disclosure Document in another format that is more convenient for you.
    [Show full text]
  • Global Franchise Group Partners with the Atlanta Hawks and Philips Arena
    FOR IMMEDIATE RELEASE HARRISON & SHRIFTMAN CONTACT: MEDIA INQUIRIES Caitlin Cardace/[email protected]/917-351-8687 Global Franchise Group Partners with the Atlanta Hawks and Philips Arena Atlanta-Based Company Opens Pretzelmaker ® and Great American Cookies ® Co-Branded Store and Food Carts ATLANTA – April 30, 2013 – Global Franchise Group, the strategic brand management company, is pleased to announce its partnership with the Atlanta Hawks and Philips Arena in Atlanta, Georgia. A co-branded store featuring Pretzelmaker® and Great American Cookies® will be open to guests during all ticketed events held at Philips Arena. In addition to the flagship store, one Pretzelmaker cart and two Great American Cookies carts will be positioned in different locations throughout the arena so fans can enjoy all that both brands have to offer. Both brands are managed by GFG Management, LLC, a subsidiary of Global Franchise Group. "We are very excited to partner with the Atlanta Hawks and Philips Arena,” says Chris Dull, President & CEO, Global Franchise Group, LLC. “With our headquarters and manufacturing facilities based in Atlanta, we feel that there is a natural synergy between our franchise brands and a premiere, internationally-known venue and hometown NBA team.” Philips Arena is considered to be one of the leading state-of-the-art multi-purpose sports and entertainment complexes in the world, hosting top-ranked concert tours, professional and collegiate sporting events, family shows and conferences year-round. In addition, the arena is home to the NBA’s Atlanta Hawks and the WNBA’s Atlanta Dream and hosts 160 events and 1.6 million guests annually.
    [Show full text]
  • 1 Thank You to the Following Companies for Committing to the Hiring 500,000
    Thank you to the following companies for committing to the Hiring 500,000 Heroes campaign! A Better Way Wholesale Autos, Inc A Caring Home Care Services A Mothers Peace A Suite Salon Franchise Company, LLC A Superior Towing Company Inc A-1 Amusement and Party Rentals A-1 Restoration Inc. A-Dave's Lock and Safe A. Molly Company Environmental & Restoration Services A&A Lighting Co AAA Labor AAMCO Transmissions, Inc. Aardvark Entertainment Aaron's Aaron's Inc Aarrow Advertising AB Cemetery Management ABB ABCO Technology Ablak Holdings, LLC Above Grade Level, LLC Abrakadoodle Remarkable Art Education ACA International Academy Medical Servcies Acadia Services LLC Accessible Healthcare Solutions Accounts Receivable Management, Inc. Accurate Electrical Services Acer Capital Recovery LLC ACFN Franchised, Inc. Acloch-Staffing ActionCOACH USA, Inc. Active Security Co Acuity Specialty Hospital of NJ Adecco Government Solutions 1 Admiral Fire Protection, LLC Admiral Transfer & Rigging, Inc. Adult Learning Systems - LM Advanced Appliance Services, Inc Advanced Chimney Techniques, Inc. AdvantaClean Systems, Inc. AdviCoach® AdvoCare Aei Intl Corp dba Aei Gas Services Aerotek AFLAC After Hours Auto Repair, Inc. Aftermath Restoration AGC Automotive Americas Age Advantage Home Care Franchising, Inc. Agro Landscape Consultants, Inc. AIM Mail Centers Aire Rite Aire Serv Heating & Air Conditioning Airstreams Renewables AirTel Tower AJ Telecom Group Aladdin Doors Franchising Inc. Albaugh Masonry Stone & Tile AleXandria Police Department AljeX Software Inc. All About People Franchise Services, LLC All American Ice Cream & Frozen Yogurt Shops All American Moving Services All American Specialty Restaurants, Inc. All Dogs Club All My Sons Moving and Storage All Star Water Trucks All Team Franchise Corporation Home of Med Team & Food Team All Weather, Inc.
    [Show full text]
  • FAT Brands Inc. Agrees to Acquire Global Franchise Group for $442.5 Million
    FAT Brands Inc. Agrees to Acquire Global Franchise Group for $442.5 million 6/28/2021 Largest Restaurant Acquisition of 2021 to include Round Table Pizza ® , Great American Cookies ® , Hot Dog on a Stick ® , Marble Slab Creamery ® and Pretzelmaker ® Combined System-wide sales of approximately $1.4 billion LOS ANGELES, CA, June 28, 2021 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (the “Company”) today announced that it has agreed to acquire Global Franchise Group, which franchises and operates a portfolio of ve quick service restaurant concepts, Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery and Pretzelmaker, from Serruya Private Equity, Inc. and Lion Capital LLP, for $442.5 million in cash and stock. The cash portion of the purchase price will be funded from the issuance of a new series of notes and cash on hand. The Company will also issue to the sellers $25 million in common stock and $67.5 million in Series B cumulative preferred stock. The transaction is expected to close by the end of July 2021, subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. With the acquisition of GFG, FAT Brands will have more than 2,000 franchised and company owned restaurants around the world with combined annual system-wide sales of approximately $1.4 billion. Approximately 87% of GFG’s stores are located in the United States. Based on current projections and assumptions, including realization of expected synergies and return to pre-COVID restaurant sales, the acquisition is expected to eventually increase annual EBITDA by approximately $40 million to approximately $55-$60 million.
    [Show full text]
  • 2017 Franchise Development Seminar Speaker Bios – Atlanta, GA
    2017 Franchise Development Seminar Speaker Bios – Atlanta, GA Chris Dull, CFE Chris Dull is the President and CEO of Global Franchise Group – the strategic brand management company behind four popular QSR brands - Great American Cookies®, Pretzelmaker®, Marble Slab Creamery/MaggieMoo’s® and Hot Dog on a Stick®. He began his career in franchise management more than 20 years ago when he started as a Store Manager with Marble Slab Creamery. He quickly rose to the position of Executive Vice President and directed an extensive franchise development program that resulted in the opening of more than 300 domestic Marble Slab Creamery units. He also took the brand international – implementing a master franchising program that resulted in the brand’s expansion into Canada, the Middle East and Korea. Most recently, Mr. Dull was the champion behind GFG’s acquisition of Hot Dog on a Stick, pulling the famous brand out of bankruptcy and opening new stores across the country. Keith Gerson, CFE Keith Gerson is COO and President of Global Operations for FranConnect. He brings 40+ years of executive level expertise as a passionate and driven franchisor and franchisee with a proven track- record in building rapid-growth and highly profitable franchise organizations. Over the last five years, Mr. Gerson has served as President and Chief Customer Advocate for FranConnect where he has been able to work closely with many executive boards and leadership teams that are part of FranConnect’s portfolio of 600+ brands and 110,00 locations. His focus is on helping franchisors to get to their desired future state in sales, operations, communications and engagement.
    [Show full text]
  • 2017 IFA Annual Convention Speaker Bios
    2017 IFA Annual Convention Speaker Bios Mark Abell Mark Abell is a Partner at Bird & Bird LLP where he is global head of the Franchising, Licensing and Multi- Channel Strategies Team and head of both their Retail and Consumer Sector and International Education Team. Over the last 34 years, he has constantly advised a wide range of household names, particularly in the retail, food & beverage, education and health care sectors, on the development and implementation of their international expansion strategies and the corresponding re-engineering of their businesses. Mr. Abell is a member of the IBA Franchise Committee and the ABA Franchise Forum. He has published more than 500 articles in a wide variety of publications and journals. He is also the author of nine books. He is the co-author of the CBBC Guide to establishing Foreign Schools in China and the WIPO publication on franchising and currently edits the Butterworth's Encyclopedia of Forms and Precedents volume on franchising, distribution and agency law, a standard text of the UK's legal profession. Mr. Abell is currently advising the EU Parliament on its initiative to amend the regulation of franchising in the EU. Kay Ainsley, CFE Kay Ainsley is Managing Director of MSA Worldwide, which provides domestic and international franchise consulting services to clients within the retail, restaurant, business to business and service industries. She consults with companies on utilizing franchising, both in the U.S. and internationally to achieve their goals. She assists companies in setting objectives, developing strategy, and creating and executing plans for establishing or expanding a franchise program, brand building, franchise relationships and the restructuring or exiting of existing programs.
    [Show full text]
  • The Following International Franchise Association Member Companies Are Currently Engaged in Veteran Hiring and Recruiting And/Or Are Members of Vetfran
    The following International Franchise Association member companies are currently engaged in veteran hiring and recruiting and/or are members of VetFran: @WORK Franchise, Inc. Araya Clean @WORK HelpingHands Services Arby's Restaurant Group, Inc. @Work Medical Services Archadeck @WORK Personnel Services, Inc. Ascend Collection 1-800-DryClean, LLC Assisting Hands Home Care LLC 1-800-GOT-JUNK? Assurance Home Care 7-Eleven, Inc. ATAX ATL International, Inc. A Auntie Anne's, Inc. Auto-Lab Franchising, LLC Automotive Technologies, Inc. A Caring Home Care Services AutoQual USA AAMCO Transmissions, Inc. Aaron's Above Grade Level, LLC B Abrakadoodle Remarkable Art Education ACFN Franchised, Inc. Baby Sensory Western USA ActionCOACH USA, Inc. Back Yard Burgers, Inc. Advanced Mail Bananas Advanced Maintenance BannaStrow's Crepes and Coffee AdvantaClean Systems, Inc. Baskin-Robbins Incorporated AdviCoach® Batteries Plus Aero Colors, Inc. Bearclaw Coffee Company Age Advantage Home Care Franchising, Inc. Beauty Supply Outlet AIM Mail Centers Benetrends, Inc. Aire Serv Heating & Air Conditioning Bennigan's Franchising Company All American Ice Cream & Frozen Yogurt Bevintel, LLC Shops Big Al's Steaks All American Specialty Restaurants, Inc. Big Boy Restaurants International LLC All Team Franchise Corporation Home of Big O Tires, LLC Med Team & Food Team Billboard Connection Allegra Marketing-Print-Mail BizCard Xpress Allegra Network LLC Blimpie America’s Sub Shop AlphaGraphics, Inc. Bonus Building Care Alta Mere Window Tinting and Auto Alarms Bookkeeping Express Enterprises, LLC Always Best Care, Inc. BrightStar Franchising, LLC American Poolplayers Association British Swim School American Prosperity Group (APG) Brothers Est. 1967® Bar & Grill America's Music School, LLC Buck's Pizza Franchising Corp., Inc.
    [Show full text]
  • 2017 Franchise Development Seminar Speaker Bios – Atlanta, GA
    2017 Franchise Development Seminar Speaker Bios – Atlanta, GA Chris Dull, CFE Chris Dull is the President and CEO of Global Franchise Group – the strategic brand management company behind four popular QSR brands - Great American Cookies®, Pretzelmaker®, Marble Slab Creamery/MaggieMoo’s® and Hot Dog on a Stick®. He began his career in franchise management more than 20 years ago when he started as a Store Manager with Marble Slab Creamery. He quickly rose to the position of Executive Vice President and directed an extensive franchise development program that resulted in the opening of more than 300 domestic Marble Slab Creamery units. He also took the brand international – implementing a master franchising program that resulted in the brand’s expansion into Canada, the Middle East and Korea. Most recently, Mr. Dull was the champion behind GFG’s acquisition of Hot Dog on a Stick, pulling the famous brand out of bankruptcy and opening new stores across the country. Keith Gerson, CFE Keith Gerson is COO and President of Global Operations for FranConnect. He brings 40+ years of executive level expertise as a passionate and driven franchisor and franchisee with a proven track- record in building rapid-growth and highly profitable franchise organizations. Over the last five years, Mr. Gerson has served as President and Chief Customer Advocate for FranConnect where he has been able to work closely with many executive boards and leadership teams that are part of FranConnect’s portfolio of 600+ brands and 110,00 locations. His focus is on helping franchisors to get to their desired future state in sales, operations, communications and engagement.
    [Show full text]
  • Mobivity Delivers Results for Round Table Pizza, and Continues to Set Stage for Blockchain-Based Commerce
    February 12, 2018 Mobivity Delivers Results for Round Table Pizza, and Continues to Set Stage for Blockchain-Based Commerce PHOENIX, Feb. 12, 2018 (GLOBE NEWSWIRE) -- Mobivity Holdings Corp. (OTCQB:MFON), makers of the award-winning platform that increases customer visits and spend in restaurants, retail, and personal care brands, today announced the initial implementation and success metrics from their partnership with Round Table Pizza. Global Franchise Group (GFG), the owners and operators of more than 1,500 restaurant locations across five brands, including Round Table Pizza, recently launched Mobivity’s platform at Northern California Round Table Pizza locations. The numbers speak for themselves, as the implementation of Mobivity solutions drove a greater than 40% increase in average customer spend, with over 1,000 participating Round Table Pizza guests per location opting to receive text-based communications. More than 75% of those customers redeemed their first offer, and each subsequent message brought approximately $100,000 in incremental revenue over just 6 weeks for the participating locations. Bringing customers back is the stated mission of Mobivity, and this initial rollout proves they’re on track to live up to their promise for the Round Table Pizza network. The two companies have already committed to continue the rollout to the rest of the Round Table network over 2018, thanks to these impressive results. Known for their uniquely named premium specialty pizzas, Round Table Pizza, originally founded in the San Francisco Bay area in 1959, has grown to over 400 locations in the western United States and globally, and was acquired by Global Franchise Group in September 2017.
    [Show full text]
  • Mobivity and Round Table Pizza Announce Three Year License Expansion of Mobivity’S Full Re•Currency Platform to More Than 400 Locations Nationwide
    April 10, 2018 Mobivity and Round Table Pizza Announce Three Year License Expansion of Mobivity’s Full re•currency Platform to More than 400 Locations Nationwide PHOENIX, April 10, 2018 (GLOBE NEWSWIRE) -- Mobivity Holdings Corp. (OTCQB:MFON), creators of the award-winning platform for driving customer frequency, re•currency, announced today that their partnership with Round Table Pizza and Global Franchise Group (GFG), the owners and operators of more than 1,500 restaurant locations across five brands, has been expanded into a three-year relationship, and will now include the roll-out of Mobivity’s full re•currency platform to all Round Table Pizza locations nationwide. As previously reported, the owners and operators of selected Round Table Pizza locations were the first to see the impact of Mobivity’s re•currency platform on their business, with 75% of customers redeeming their first offer sent through re•ach, the messaging and consumer outreach mechanism of the re•currency platform. “Our mission at Mobivity is to increase customer frequency for the brands that we engage with, and we are committed to seeing the results that these Round Table Pizza franchisees have experienced spread through the company’s system with this expansion,” said Dennis Becker, CEO of Mobivity. “We are thrilled to have a long-term partner in Round Table Pizza and Global Franchise Group and look forward to continually delivering powerful results through the implementation of our full re•currency platform across their entire system of stores.” To date, the implementation of Mobivity’s re•currency platform has driven a greater than 40% increase in average customer spend, with over 1,000 participating Round Table Pizza guests per location opting to receive text-based communications.
    [Show full text]
  • RTP Ebook-V4 Final Editable
    Table of Contents Who is Round Table Pizza? 3 The Round Table Pizza Story 6 What are the Startup Costs? 7 How Much Can I Make? 11 How Do We Differ From Competitors? 15 How Big is the Pizza Industry? 17 Flexible Restaurant Models to Choose From 19 What Territories are Available? 21 Marketing Strategy 22 Training and Support 23 Meet the Leadership Team 25 What are the Qualifications for a Round Table Pizza Franchisee? 27 A Day in the Life of a Franchisee 29 Why Do Customers Love Round Table? 30 What Do Franchisees Say About Round Table Pizza? 32 What Makes a Good Location? 34 FAQs 36 Next Steps 38 International Franchise Opportunities 39 Resales Offer More Investment Options to Franchisees 41 Franchise Information Report Table of Contents Who is Round Table Pizza? 3 The Round Table Pizza Story 6 What are the Startup Costs? 7 How Much Can I Make? 11 How Do We Differ From Competitors? 15 How Big is the Pizza Industry? 17 Flexible Restaurant Models to Choose From 19 What Territories are Available? 21 Marketing Strategy 22 Training and Support 23 Meet the Leadership Team 25 What are the Qualifications for a Round Table Pizza Franchisee? 27 A Day in the Life of a Franchisee 29 Why Do Customers Love Round Table? 30 What Do Franchisees Say About Round Table Pizza? 32 What Makes a Good Location? 34 FAQs 36 Next Steps 38 International Franchise Opportunities 39 Resales Offer More Investment Options to Franchisees 41 roundtablepizzafranchise.com !2 Franchise Information Report Who is Round Table Pizza? We bring families closer together with heritage, quality and innovation.
    [Show full text]
  • FAT Brands Completes Acquisition of Global Franchise Group
    Logo FAT Brands Completes Acquisition of Global Franchise Group 7/22/2021 Transaction increases FAT Brands’ franchised restaurants to more than 2,000 units worldwide LOS ANGELES, CA, July 22, 2021 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today announced the completion of its acquisition of Global Franchise Group for $442.5 million from Serruya Private Equity and Lion Capital. As a result of the acquisition, FAT Brands has gained ve new restaurant concepts – Round Table Pizza®, Great American Cookies®, Hot Dog on a Stick®, Marble Slab Creamery® and Pretzelmaker®. The transaction is the largest acquisition by a restaurant franchisor to date in 2021, and was funded with cash and stock, including $350 million in cash from newly issued notes and cash on hand, $67.5 million in Series B preferred stock and $25 million in common stock. The acquisition of Global Franchise Group marks an important milestone for FAT Brands, increasing the Company’s portfolio from approximately 700 units to more than 2,000 units worldwide. Based on current projections and assumptions, including realization of expected synergies and return to pre-COVID restaurant sales, the acquisition is expected to increase FAT Brands’ annual EBITDA by approximately $40 million to $55-$60 million, and increase the Company’s annual revenues from approximately $36 million to over $100 million. In addition to adding ve new restaurant concepts, the acquisition included a manufacturing facility in Atlanta, GA that supports various Global Franchise Group brands and provides incremental revenue opportunities. “This acquisition is our largest deal yet, and further diversies our iconic restaurant portfolio into new restaurant segments and categories.
    [Show full text]