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The franchise industry is thriving and competition has increased across a variety of sectors within the industry. As brands work harder to attract the pool of qualified franchisees, The Wall Street Journal recently reported many are offering incentives to lessen the financial burden and open doors to attract new franchisees and to aid quality existing franchisees in order to expand to more locations.
 
Cincinnati-based Buffalo Wings & Rings is an elevated sports restaurant brand that saw incredible growth in their 30th anniversary year, in part due to celebrating those 30 years by slashing their franchise fee by $30,000 to $5,000. Even with the investment level required to open a Buffalo Wings & Rings restaurant, Dan Doulen, director of franchise development for the brand, told the Wall Street Journal.
 
“In the grand scheme of things, $30,000 doesn’t seem like a huge amount—but it is to those investors," Doulen said. "They think about every penny they spend.”
 
Additionally, offering a franchise incentive could open up new secondary markets, said Nick Powills, chief brand strategist for No Limit Agency, a full service agency helping franchise brands grow. Powills told the Wall Street Journal that an incentive can help brands expand outward from cities where they have an established presence and can motivate even franchisees with the deepest pockets. “The wealthiest people in the world still want the best deal,” Powills said.
 
For more franchising information about Buffalo Wings & Rings, click here. 
The franchise industry is thriving and competition has increased across a variety of sectors within the industry. As brands work harder to attract the pool of qualified franchisees, The Wall Street Journal recently reported many are offering incentives to lessen the financial burden and open doors to attract new franchisees and to aid quality existing franchisees in order to expand to more locations.
 
Cincinnati-based Buffalo Wings & Rings is an elevated sports restaurant brand that saw incredible growth in their 30th anniversary year, in part due to celebrating those 30 years by slashing their franchise fee by $30,000 to $5,000. Even with the investment level required to open a Buffalo Wings & Rings restaurant, Dan Doulen, director of franchise development for the brand, told the Wall Street Journal.
 
“In the grand scheme of things, $30,000 doesn’t seem like a huge amount—but it is to those investors," Doulen said. "They think about every penny they spend.”
 
Additionally, offering a franchise incentive could open up new secondary markets, said Nick Powills, chief brand strategist for No Limit Agency, a full service agency helping franchise brands grow. Powills told the Wall Street Journal that an incentive can help brands expand outward from cities where they have an established presence and can motivate even franchisees with the deepest pockets. “The wealthiest people in the world still want the best deal,” Powills said.
 
For more franchising information about Buffalo Wings & Rings, click here. 

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Brian Jaeger

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Brian Jaeger

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Brian Jaeger is a Vice President of Media Relations at No Limit Agency. Brian joined No Limit Agency after seven years working for local television news stations in Florida, four years at WCJB in Gainesville and three years at Bay News 9, the 24-hour local news station in the Tampa Bay area. Brian is a graduate of the University of Florida, where he studied journalism and telecommunications. He brings a journalist’s viewpoint to the public relations field, and when he’s not busy telling the stories of No Limit Agency's brands, you can find him writing, on a karaoke stage, or cheering on the Gators.

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