SBA Loans and Franchise Development The Hidden Problem: Signed Deals That Never Open Units Most franchise systems track leads, deals, and units sold. Very few track the gap between deals signed and units opened. That gap—Sold But Not Open (SNO)—is where growth strategies succeed or fail. Defn: SNO A franchise unit that has been awarded…
For multi-unit franchisees, efficient cash management is vital for sustaining and growing your business. One financial tool that can be particularly beneficial is the use of a sweep account. This article delves into the value of sweep accounts for franchisees, explaining how they work and why they might be an advantageous addition to your financial…
Subway has terminated its master franchise agreement with SouthRock Capital, the company that operated Subway and Starbucks in Brazil. The move comes after SouthRock filed for bankruptcy, with debts estimated to be $370 million U.S. SouthRock’s bankruptcy filing comes less than a year after it acquired the Subway master franchise in Brazil. The company also…
When I first started in franchise sales at Hardee’s in 1991 I was green and eager to beat my new franchisee recruitment plan so I talked to every lead I could about Franchise Financing. And in most cases they were eager to talk to me too about Hardee’s franchising. Franchise Financing was a key topic…
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