Here are the top eight things you need to know from this week
We break down some of the top headlines in franchising so you can stay in the know.
1. Top Players in Franchise Development: This week we featured Charles Bruton III from Saladworks; Erin Gilliam from Miracle Method; Pete Lindsey from Sport Clips; Ardag Tachian from Hungry Howie’s; and Bob Ritter from Lenny’s Subs.
2. All-Star Franchisees: Another month, another new cover story for 1851. This month, we kick off our All-Star Franchisee series. Read the incredible stories of franchisees like Marisa Salas of Showhomes, Mike Lally of TWO MEN AND A TRUCK, and Andy Lubalin of K-9 Resorts Daycare and Luxury Hotel.
3. How are brands performing as we wrap up the year? According to Fast Casual, restaurant businesses have hit a standstill in the first half of 2016.
4. “CNBC: Millennials are Changing the Pizza Industry:” Millennial consumers are taking over a larger portion of the U.S. pizza industry that’s expected to reach nearly $45 million in sales this year.
5. “Famous Toastery Brings Better Breakfast to Long Island:” The brand, founded by two Long Island natives, is opening a location in Commack in early 2017.
6. “QSR Magazine: How Quick Service Restaurants Are Finding the Right Financial Balance:” By looking at food and labor costs and increasing efficiency, restaurants can better manage their operating costs.
7. “Nation’s Restaurant News: As Demand for Prime Real Estate Grows, Fast Casual Restaurants are Experiencing Decline in Same-Store Sales:” Rising rents mean that restaurants could experience serious profitability problems if sales fall.
8. James Vitrano, the Vice President of Franchise Development and Operations for Ruby Tuesday, explains how the brand is making a comeback by taking a look at the good, the bad and the ugly and repositioning itself to grow.