Archive for the 'Basic Guidelines, Law & Agreements' Category

MLive.com:
Ferndale-based bd’s Mongolian Grill plans to double in size in the next few years, after the leader in the ‘Asian grill’ restaurant segment sold to New York private equity firm Kinderhook Industries LLC.

Kinderhook partnered with Rodger Head and Clyde Culp to acquire the privately owned Mongolian Grill. Head and Culp also own and operate Duke […]

QSR magazine:
Mexican quick-service brand The Taco Maker has signed a Landlord/Tenant agreement with Wal-Mart to begin franchising in Wal-Mart stores across the United States.

‘This milestone agreement is the perfect fit for us,’ said Tomas Torres, president and CEO of The Taco Maker. ‘Having access to thousands of hungry customers on a daily basis gives TTM […]

Hartford Courant:
An April 14 article, “Franchising: Is It For You?” [Sunday Consumer], provided a balanced but superficial look at the world of franchising.

The article mentioned personality, ability to deal with the public and entrepreneurial spirit as the main factors in a potential franchisee’s suitability. The article failed, however, to indicate this is only the first […]

Franchising.com:
Tasti D-Lite, New York’s favorite guilt-free dessert is ready to remodel a majority of existing retail centers with the new Tasti D-Lite brand image. As of last week, the owners of 36 existing independently owned and operated centers, located primarily in New York City, finalized franchise conversion agreements with the Tasti D-Lite management team.

These stores, […]

PR Newswire:
Cheng Cohen LLC, a Chicago-based law firm focusing in corporate, franchise, and commercial litigation and the franchise industry’s leading full service boutique law firm, announced today that Michael Daigle has joined the firm as a partner.

“Michael brings to Cheng Cohen his unsurpassed experience in the area of international franchising,” said Fredric Cohen, partner of […]

Franchise Wire:
Smart (Smart Franchising (NZ) Limited), a new provider of outsourced office services, today announced that it has entered into an Area Development Agreement with Rogan Consulting Limited, for 3 franchised Smart offices in Christchurch to be built over the next 3 years.

‘Entering into our first franchise development agreement is a milestone event and significant […]

Courier Mail:
When Nicole Ackers and Terry McIntyre handed over $250,000 to buy a Michel’s Patisserie franchise in 2006, they thought their dreams had come true.

Terry would be able to scale back from his arduous job as semi-trailer driver to spend more time with Nicole and their two two children.
Nicole would be able to work in […]

IFA:

From minority franchisee recruitment to nurturing effective franchise relationships, the topics covered in the June issue of Franchising World offer valuable information for all franchise systems.
Featured will be profiles of successful minority franchisees ranging from single-unit owners to brother-partners whose sales hit $30 million last year. Watch your mail early next month for this exciting […]

The Atlanta Journal-Constitution:
Atlanta-based Raving Brands sold 2 of its brands in the past year, announced an agreement to sell a third and has several lawsuits pending from disgruntled franchisees.

In an interview this week, though, Raving Chief Executive Officer Martin Sprock said his company is undeterred in its efforts to build new franchise concepts.
Raving, former owner […]

Mondaq News Alerts:
A Canadian or other foreign company looking to obtain a presence in the United States market without having to set up its own U.S. sales operation may consider using intermediaries to sell its products or services in the U.S. The most common types of intermediaries are independent distributors and sales representatives. A distributor […]