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<a href="https://www.boefly.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-boefly-is-disrupting-the-franchise-sales-process-by-accelerating-the-time-of-franchisee-approval-2710173" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">BoeFly</a>, the online loan marketplace that matches prospective and existing business owners with an array of participating banks and financing companies, has supported $6.7 billion worth of transactions since 2010. In recent years, the service has pivoted from solely focusing on helping franchisees access capital to also helping franchisors optimize franchise sales. It&rsquo;s no wonder BoeFly is seriously shaking up the franchise sales process. 

BoeFly&rsquo;s suite of three franchise sales and financing services includes bQual, which educates a franchisee on their financial status; bFinance, in which a dedicated expert delivers efficient, competitive financing for franchisees; and bVerify, an asset verification, background and credit check service that drastically accelerates applicant approval times&mdash;and therefore franchise sales and start-up times. 

&ldquo;BoeFly&rsquo;s core business is <a href="https://1851franchise.com/boefly/boefly-helps-couple-achieve-their-dream-of-business-ownership-8214#category" style="text-decoration-line:none" target="_blank">helping franchisees with financing</a>. Through seeing how the franchise sale process works firsthand, we learned how franchisors were vetting applicants, and decided they could use some help,&rdquo; explained Mike Rozman, CEO and co-founder of BoeFly. 

Through bVerify, industry leaders like Driven Brands, BrightStar Care and Checkers and Rally&rsquo;s have outsourced their new franchisee vetting processes to BoeFly. &ldquo;A client will send a new franchise applicant an introductory email that explains there&rsquo;s an important next step to move forward, which is the diligence process,&rdquo; explained Rozman. &ldquo;Then the franchisor sends the franchise applicant to us.&rdquo;

BoeFly takes on the responsibility of performing the background check and credit check, verifying liquidity and confirming the net worth of applicants. BoeFly then prepares a summary report for the franchisor.

&ldquo;The vetting process historically was done by someone at the brand in sales, finance, or legal&mdash;someone who honestly has better things to do with their time than chase down bank statements,&rdquo; said Rozman. &ldquo;This added efficiency in a crucial process unlocks a lot of value.&rdquo;

&ldquo;Checkers and Rally&rsquo;s has been a long-term fan of BoeFly. While we receive many inquiries from prospective franchisees, BoeFly has worked with us to offer efficiency,&rdquo; Jennifer Durham, Chief Development Officer at Checkers and Rally&rsquo;s wrote in an email. &ldquo;Our sales team can address questions rather than chasing applicant documents.&rdquo;

The results BoeFly provides franchise clients have been undeniable. 

&ldquo;Time kills deals. Since adopting BoeFly&rsquo;s diligence service, we&rsquo;ve cut weeks from the sales timeline,&rdquo; said Jon Gaiman, Chief Development Officer at Driven Brands. Before using BoeFly, Driven Brands would take an average of 62 days to approve franchisees; with BoeFly, the time was cut in half to 31 days. 

BoeFly&rsquo;s approach brings an elevated level of rigor to the vetting process. Through a partnership with the Customer Relationship Management (CRM) software <a href="https://1851franchise.com/franconnect" style="text-decoration-line:none" target="_blank">FranConnect</a>, bVerify folds convenient integration and data security into the diligence process. 

&ldquo;Too often, an applicant will email the franchise salesperson their bank statements,&rdquo; explained Rozman. &ldquo;That information may sit on the salesperson&rsquo;s hard drive, which is not a great place to store sensitive data. Because we believe that franchising is a multi-step process, BoeFly has invested a lot of careful attention into how the data flows and is stored.&rdquo;

&ldquo;BoeFly provides excellent data security and provides secure cloud-based storage which is designed to protect franchisee&#39;s sensitive asset statements through a secure upload link,&rdquo; added Durham. 

FranConnect also helps BoeFly keep information organized and compliant with all regulations. &ldquo;I worry that not enough brands are thinking about information security and privacy,&rdquo; said Rozman. &ldquo;The Fair Credit Reporting Act is a federal law, and it&rsquo;s a giant ball of wax. I can&rsquo;t tell you how many times I&rsquo;ve spoken with a franchisor who says they do a criminal background check on applicants in the same way as they do for new employees. But those two processes have two different sets of rules.&rdquo;

&ldquo;FranConnect has been very pleased with its successful strategic partnership with BoeFly,&rdquo; Keith Gerson, President of FranConnect wrote in an email. &ldquo;Our customers use FranConnect&rsquo;s automated workflows to execute bVerify, which our customers indicate helps achieve greater efficiencies and improved closing rates. We all know time kills deals, so having extremely fast financial pre-approval of applicants early in the sales process gives the prospect confidence that they can turn their hopes into reality, and the franchise sales team can be assured they aren&rsquo;t wasting time with someone who can&rsquo;t get over the finish line. And anything that frees up the sales team from having to chase applicants documents can allow more time for selling.&rdquo;

Because bVerify is compliant with regulations, saves time and resources, and results in faster sales, it also accelerates start-up periods thanks to BoeFly&rsquo;s integrated suite of <a href="https://1851franchise.com/boefly/launch-trampoline-franchisee-secures-sba-franchise-loan-through-boefly-2709601" style="text-decoration-line:none" target="_blank">financing services</a>. 

&ldquo;BoeFly provides quicker access to capital,&rdquo; wrote Durham. &ldquo;Through a quick bVerify process, powered by BoeFly, franchise prospects secure early-stage financing options.&rdquo;

&ldquo;We&rsquo;ve been able to, with the applicant&rsquo;s approval, take a completed diligence report and use it to accelerate financing offers for the franchise applicant,&rdquo; said Rozman. &ldquo;Our bVerify service answers the franchisor&rsquo;s internal questions about the applicant&rsquo;s wherewithal, and we can leverage the output to secure lender issued financing offers to speed up the sale process and the store opening.&rdquo;

On June 3, 2019,&nbsp;ConnectOne Bancorp, Inc. (Nasdaq: CNOB), parent to ConnectOne Bank, announced that it acquired BoeFly. ConnectOne Bank is a $6 billion bank&nbsp;offering a full suite of both commercial and consumer banking and lending products.&nbsp;ConnectOne sees BoeFly as important to their digital strategy. 

&ldquo;Similar to ConnectOne, BoeFly is built on a mission of offering frictionless, efficient solutions for small to midsized businesses, and this partnership represents a unique opportunity to leverage the digital foundation we have built,&rdquo; said Frank Sorrentino, ConnectOne&rsquo;s Chairman and Chief Executive Officer. 

&ldquo;The transaction with ConnectOne puts us in a meaningfully stronger position to serve our clients and to continue to develop client-centric solutions like bVerify,&rdquo; said Rozman.&nbsp;&nbsp;

How BoeFly is Disrupting the Franchise Sales Process by Accelerating the Time of Franchisee Approval

1851 Franchise

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Design with Precision Garage Door Service team members

RF Investment Partners and Burlington Capital Join Forces to Acquire Top Precision Garage Door Franchise

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Yum! Brands Pizza Hut Sale - 1851 Franchise

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<a href="https://hardeesfranchising.com/">Hardee’s</a>, a 65-year-old burger chain best known for its Thickburgers and breakfast biscuits, is facing a fast-moving round of closures driven by a franchise dispute rather than a bankruptcy filing.&nbsp;<a href="https://www.inc.com/ava-levinson/hardees-shutting-dozens-restaurants/91282586">Inc. recently reported that</a> 77&nbsp;<a href="https://1851franchise.com/franchise-deep-dive-hardees-franchise-costs-fees-profit-and-data-2721286">Hardee’s</a> restaurants are expected to close within two weeks as one of the brand’s largest franchisees exits the system.&nbsp;According to the report, Hardee’s is suing&nbsp;<a href="https://www.arcburger.com/">ARC Burger</a> — a franchise operator owned by&nbsp;<a href="https://www.highbluffcap.com/">High Bluff Capital Partners</a> — alleging the company fell behind on required payments and other contract obligations. Twenty-eight locations had already gone dark as of late December, with remaining sites scheduled to shutter across eight states: Alabama, Florida, Georgia, Illinois, Missouri, Montana, South Carolina and Wyoming.&nbsp;At the center of the complaint is the franchising “stack” of ongoing fees and pass-through costs that keep a system running. ARC Burger allegedly owes more than $6.5 million, including royalties, advertising fund contributions, technology and training fees, rent and taxes, and that payments stopped in December 2024. Hardee’s also argued in the lawsuit that the franchisee’s cash flow was not being used to bring accounts current.&nbsp;Hardee’s, for its part, is framing the shutdowns as a contractual enforcement issue, not a brand-wide retrenchment. “These closures are a result of ARC Burger’s failure to cure its defaults under its franchise agreements, despite solid sales,” a Hardee’s spokesperson said.&nbsp;The situation highlights a familiar franchising pressure point: unit economics. Inc. reported that Hardee’s operates more than 1,800 U.S. restaurants and that average annual sales per location are less than $1.2 million, well below averages cited for&nbsp;<a href="https://1851franchise.com/franchise-deep-dive-wendys-franchise-costs-fees-profit-and-data-2722520">Wendy’s</a> and&nbsp;<a href="https://1851franchise.com/how-much-does-it-cost-to-buy-a-mcdonalds-franchise-2724654#stories">McDonald’s</a>. Lower volumes can leave franchisees with less room to absorb higher labor, food and occupancy costs while staying current on fees.&nbsp;Hardee’s said it is working to limit fallout for workers and communities and is looking for ways to reopen closed restaurants. For franchising, the next chapter will likely involve finding replacement operators, transferring sites and rebuilding compliance — a reminder that franchise growth depends as much on franchisee solvency and execution as it does on consumer demand.Read the original article&nbsp;<a href="https://www.inc.com/ava-levinson/hardees-shutting-dozens-restaurants/91282586">here</a>.Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit&nbsp;<a href="https://www.1851growthclub.com">www.1851growthclub.com</a> and start your journey.

Hardee's Franchise - ARC Burger Lawsuit - 1851 Franchise

The closures stem from alleged unpaid royalties and missed franchise obligations by a major operator, not a broader chainwide collapse for the Hardee’s system.

Hardee’s Lawsuit Targets Franchisee as 77 Restaurants Prepare to Shut Down

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<a href="https://www.yum.com/wps/portal/yumbrands/Yumbrands/">Yum! Brands</a> is considering a potential sale of Pizza Hut and plans to close 250 underperforming U.S. locations, according to a&nbsp;<a href="https://simplywall.st/stocks/us/consumer-services/nyse-yum/yum-brands/news/yum-brands-weighs-pizza-hut-sale-as-portfolio-reset-accelera">recent article on Simply Wall St</a>. For the franchising industry, the significance is less about the stock and more about what it says about how large franchisors are managing brand portfolios in a high-cost operating environment.<a href="https://1851franchise.com/pizza-hut-franchise-deep-dive-2722519">Pizza Hut</a> is one of the most recognizable names in franchising. If Yum! decides to sell it, that would be a notable shift for a company built on a multi-brand platform. For years, large brand groups have argued that operating multiple concepts creates advantages, including shared resources, stronger purchasing power and the ability to invest in technology across the system. A sale would suggest Yum! believes those benefits no longer outweigh the effort required to improve Pizza Hut’s performance.The planned closures may have the most immediate impact on franchisees. When a franchisor reduces its footprint, it can change how the brand performs in local markets. Fewer locations can mean less convenience for customers, which can hurt overall traffic. It can also weaken the effect of local advertising when there are fewer restaurants supporting promotions in the same trade area.Closures can also affect store-level economics in ways that go beyond the locations that shut down. In some markets, remaining franchisees may pick up some displaced demand. In others, customers may switch to competitors. The changes can also affect local co-op advertising budgets and, depending on how purchasing and distribution are structured, can influence costs tied to volume.The move comes as competition in pizza remains intense, with&nbsp;<a href="https://1851franchise.com/franchise-deep-dive-dominos-pizza-franchise-costs-fees-profit-and-data-2725506">Domino’s</a> and&nbsp;<a href="https://1851franchise.com/franchise-deep-dive-papa-johns-franchise-costs-fees-profit-and-data-2724607">Papa Johns</a> continuing to push delivery, digital ordering and value-focused offers. Simply Wall St notes Yum! has been rolling out its Byte digital platform across brands. If Yum! changes Pizza Hut’s role in the portfolio, it could also change where the company focuses its technology and marketing investment.For franchise systems watching from the outside, Yum!’s review is a reminder that growth is not always the main priority. Sometimes the bigger decision is whether a legacy brand can be improved inside a platform or whether it will perform better under a different owner and a different plan.Read the original article&nbsp;<a href="https://simplywall.st/stocks/us/consumer-services/nyse-yum/yum-brands/news/yum-brands-weighs-pizza-hut-sale-as-portfolio-reset-accelera">here</a>.Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit&nbsp;<a href="https://www.1851growthclub.com">www.1851growthclub.com</a> and start your journey.

Yum! is reviewing the brand and closing 250 U.S. locations, a move that could affect franchisees and reshape its restaurant portfolio.

<a href="https://www.mcpfunds.com/">Monomoy Capital Partners</a> has entered into a definitive agreement to acquire&nbsp;<a href="https://1851franchise.com/franchise-deep-dive-jiffy-lube-franchise-costs-fees-profit-and-data-2720873">Jiffy Lube International</a> from Shell for&nbsp;<a href="https://www.mcpfunds.com/news/monomoy-capital-partners-signs-definitive-agreement-to-acquire-jiffy-lube-from-shell/">approximately $1.3 billion</a>.Founded in 1979 and headquartered in Houston, Texas, Jiffy Lube helped pioneer the fast oil change industry and today operates more than 2,000 service centers across North America. The brand serves roughly 19 million customers each year and has expanded beyond its core oil change service to include a broader range of automotive maintenance offerings, such as brake, battery and tire services through its Jiffy Lube Multicare model. Over the past four decades,&nbsp;<a href="https://1851franchise.com/advice-from-a-multi-unit-franchisee-steve-isom-jiffy-lube-2726482">the company has built a significant franchise network</a> that has helped maintain its position as a leader in the quick-service automotive maintenance sector.“Few brands have the heritage and scale of Jiffy Lube,” said&nbsp;<a href="https://www.linkedin.com/in/lee-mlotek-344a795">Lee Mlotek</a>, managing director of Monomoy, in a press release. “As the original pioneer of the fast oil change, Jiffy Lube reshaped the industry and remains the market leader today. We are incredibly excited to partner with our franchisees to enhance the customer experience and value proposition that has made Jiffy Lube a trusted name for generations.”The private equity firm, which manages more than $5.3 billion in assets across its investment funds, has a history of investing in middle-market manufacturing, distribution and service companies.&nbsp;The deal also reflects a broader trend of&nbsp;<a href="https://1851franchise.com/why-franchising-and-private-equity-make-such-a-good-match-2720921">private equity investment in franchising</a>, as institutional investors increasingly view franchise systems as attractive platforms for long-term growth. Franchise brands often combine predictable revenue streams, strong brand equity and scalable expansion models, making them appealing targets for private equity firms seeking stable cash flow and opportunities for operational improvement.&nbsp;Read the original press release&nbsp;<a href="https://www.mcpfunds.com/news/monomoy-capital-partners-signs-definitive-agreement-to-acquire-jiffy-lube-from-shell/">here</a>.&nbsp;Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit&nbsp;<a href="http://www.1851growthclub.com">www.1851growthclub.com</a> and start your journey.

Monomoy Capital Partners’ acquisition from Shell positions the iconic automotive service franchise for independent growth across its 2,000-location North American network.

According to a&nbsp;<a href="https://www.businesswire.com/news/home/20260312305776/en/RF-Expands-Residential-and-Commercial-Services-Portfolio-with-Investment-in-Precision-Garage-Door-Service-Franchisee">recent release</a>,&nbsp;<a href="https://rf-partners.com/">RF Investment Partners</a>, a group focused on flexible capital solutions and value-add support to lower-middle-market businesses, has teamed up with&nbsp;<a href="https://www.burlingtoncp.us/">Burlington Capital Partners</a>, a group focused on family, founder and operator-owned lower-middle-market businesses, to acquire a prominent multi-territory&nbsp;<a href="https://franchise.neighborly.com/precision-door">Precision Garage Door Service</a> franchise.The investment marks the seventh platform for RF within the service space. Precision Garage Door Service, which is part of the larger&nbsp;<a href="https://www.neighborly.com/">Neighborly</a> ecosystem, specializes in the installation, maintenance and repair of garage doors.&nbsp;“We are proud to partner with management and the Burlington team to support continued growth by investing in people and operational excellence,”&nbsp;<a href="https://www.linkedin.com/in/peter-fidler-6787143">Peter Fidler</a>, managing partner and co-founder of RF Investment Partners, said in the release. “The sector continues to present compelling opportunities given the essential nature of garage door repair, and we look forward to building on Precision’s strong foundation to drive long-term value.”This deal is part of the broader trend toward institutionalized multi-unit and multi-territory operators. Previously, franchising was largely viewed as the place for “mom-and-pop” businesses. And while franchises remain small, local businesses, the aggressive entry of private equity firms focused on operators (franchisees) rather than the brand (franchisor) is bringing new energy to small business ownership.Read the full release&nbsp;<a href="https://www.businesswire.com/news/home/20260312305776/en/RF-Expands-Residential-and-Commercial-Services-Portfolio-with-Investment-in-Precision-Garage-Door-Service-Franchisee">here</a>.Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit&nbsp;<a href="http://www.1851growthclub.com">www.1851growthclub.com</a> and start your journey.

The strategic investment marks the seventh residential services platform for RF and reflects a growing institutional desire for high-potential, operator-led franchises.

How much can franchisees make? It’s a question many prospective owners ask before investing in a franchise. While earnings tend to be driven by variables such as industry, location and general management skills, a proper understanding of the key factors driving profitability can help franchise owners develop expectations that are realistic.&nbsp;Multi-unit franchisee&nbsp;<a href="https://www.linkedin.com/in/mangesh-patel-9368569/">Mangesh Patel</a>, who’s readying the launch of six&nbsp;<a href="https://www.beefobradysfranchise.com/">Beef ‘O’ Brady’s</a> restaurant locations in the Macon, Georgia area, shares insights from his franchising experience.<h2>Understanding Franchise Income</h2>Keeping operational costs in check can have a major impact on overall earnings. Taking a proactive approach to expenses such as food and labor, as well as payroll and scheduling, can help align actual franchise income with general expectations for the business.“I just had a meeting with a couple of people, and they said, ‘You talked about a 25% profit margin, but I’m only doing 12%.’ So, I looked at the figures they sent me,” Patel said. “Their&nbsp;<a href="https://1851franchise.com/calculate-restaurant-franchise-profit-2730476">restaurant</a> food cost was running at 37%, which should be around 30%. The national average is about 32%. If I do things correctly, my average food cost needs to be at or below 30%. And payroll should run around 18%. But many people run 25 to 28%.”So,&nbsp;<a href="https://1851franchise.com/unraveling-franchise-earnings-how-much-can-you-really-make-2723935">how much can franchisees make</a>? Here are five areas to consider.<h2>Practical Tips for Prospective Franchisees</h2><ol><li>Control Costs From Day One:&nbsp;It’s important to monitor payroll, food and supply costs closely. Overstaffing and inefficiencies can quickly reduce profits.</li><li>Plan For The Opening Surge:&nbsp;Traffic within the first few months of opening is likely to be higher. It’s important to adjust staffing and inventory accordingly, and pay close attention to how those levels change as time goes on.</li><li>Invest In Training:&nbsp;Properly trained workers can help reduce waste and improve overall service, which has a direct effect on net income.</li><li>Understand Your Market:&nbsp;Each market is unique and revenue potential will vary depending upon location, demographics and competition.</li><li>Track Metrics Regularly:&nbsp;Food cost percentages, labor ratios and weekly sales data act as key indicators operations may need to be adjusted.</li></ol><h2>What Profitability Really Comes Down To</h2>Patel notes that if franchise owners manage labor and costs properly, it’s not impossible to achieve strong cash flow even in the first year, bucking some franchising trends.So,&nbsp;<a href="https://1851franchise.com/how-much-can-you-make-as-a-franchise-owner-2724761">how much can franchisees make</a>? While results tend to vary, careful planning, disciplined operations and a proactive approach to assessing initial costs are essential. But by grasping and guiding the elements that drive franchise profitability, franchise owners can maximize overall business earnings, scaling a business that’s sustainable financially over the long term.Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our&nbsp;<a href="https://1851franchise.com/power-rankings">Power Rankings</a> to read more on brands making moves.

How much can franchisees make? This guide explains what drives franchise earnings and how to manage costs, with expert tips from multi-unit owner Mangesh Patel on maximizing your franchise income.

How Much Can Franchisees Make? A Guide for Prospective Franchise Owners

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