Joel Libava's Blog: The Franchise King Blog, page 73

Subway® Footlong Lawsuit Settled: 12-Inch Rulers Now Included In Franchise Package

12 inches. Not 11. Not 10.

12.

How difficult can it be?

How hard is it to serve a 12-inch sub.

A sub that’s a foot long…well…one that’s supposed to be a foot long.

Well, for Subway, it’s obviously hard.

Scratch that. It was hard. Until last week.

Subway Footlong Lawsuit Settled

Last week, a judge gave final approval to the settlement of a class-action suit filed against Subway for serving foot long sub sandwiches that weren’t a foot long.

In 2013, an Australian teenager posted an image of h...

5 Things You Need To Know Before Pulling The Trigger On A Franchise

You’re going to be nervous. Everybody is. Pulling the trigger on a franchise business opportunity is hard.

That’s because buying a franchise is a big deal. Especially if you’re a corporate refugee.*

*A corporate refugee is someone who has been downsized or displaced from a lengthy corporate career, like Cheryl, for example.

Fact: It’s completely normal to be nervous…even frightened. After all, you may be about to sign a franchise agreement (contract) that locks you in as a franchisee for 5,...

Franchise Business Links For February

Lots of franchise businesses use Smartphones these days. Franchisees can track business mileage, access payroll figures, and stay in touch with their stores 24/7. It’s all good.

But, sometimes, bad people use Smartphones, and governments around the world would like to gain access to some or all of the data stored on these Smartphones. The CEO of Apple doesn’t want to allow access, as you can plainly see here.

Conventional wisdom states that franchisees are not valued as highly as franchisors...

How Can You Possibly Know How To Research A Franchise If You’ve Never Learned How To Do It?

It’s really easy to get confused after looking at several differentfranchise opportunities.

It can be tough to remember things like:

The amount of the franchise fee Total investment The number of up and running franchise businesses The number of franchisees Territory availability Past or current litigation Time to break-even Franchisee earnings

It’s a lot to remember. Especially if you’re investigating 3 or 4 franchise opportunities at once. They can start blending together.Unless you know...

How CAN You Know How To Research A Franchise?

It’s really easy to get confused after looking at several differentfranchise opportunities.

It can be tough to remember things like:

The amount of the franchise fee Total investment The number of up and running franchise businesses The number of franchisees Territory availability Past or current litigation Time to break-even Franchisee earnings

It’s a lot to remember. Especially if you’re investigating 3 or 4 franchise opportunities at once. They can start blending together.Unless you know...

Hot Dog! Burger King Is Adding Hot Dogs To Its Menu

Hot dog!Burger King is going for it. The company just announced that it will be adding hot dogs to its menu starting February 23rd. But why? Why is a chain known for its flame-broiled hamburgers adding an edible cigar-shaped object to its menu?

Well, for one, the correct way to cook hot dogs is to grill them. And, Burger King has the grilling thing down to a science.

From ABC News:

“The move comes as Burger King works to push up sales amid intensifying competition, with McDonald’s offering b...

How To Know If You’ve Found The Perfect Franchise

The Merriam-Webster Definition Of Perfect:

The Franchise King’s Definition Of Perfect (a perfect franchise opportunity)

A franchise business opportunity that fits someone perfectly at all levels.

At all levels?

Yes.At. All. Levels.

What do you mean, Franchise King?

I’ll show you.

How To Know If You’ve Found The Perfect Franchise

In order to find a the perfect franchise to own, you need to first definewhat perfect means to you-in your specific situation. Does that make sense?

All of us have...

Another Way To Buy A Franchise

There are two ways to buy a franchise.

The first way is the “traditional” way. You figure out your financials, determine your budget, and then you try to find a franchise to buy that you feel could be a winner.

Another way to buy a franchise is to buy one that’s already up and running. An existing franchise business. Heck, there may even be one right up the street from you.

Except you would never know it.

That’s because most existing businesses that are for sale aren’t in the public domain....

All-Day Breakfast Scores An Early McWin For McDonald’s

A lot of customers were excited when Steve Easterbrook, the CEO of McDonald’s, served up the news about All-Day Breakfasts. Pancakes at noon? Sausage at 7?

Well, their excitement has translated into higher revenue. A real McWin for franchisees and shareholders. And, considering what the McDonald’s franchisees have had to endure the past few years, this news is gold to them and to the shareholders.Here’s what Jim Cramer, the stock-picking ace just wrote:

“Now here’s what’s amazing. I would sa...

Are You Starting To Have Really Sick Thoughts About What You’d Like To Do To Your Boss?

I hated several of my bosses. Especially the verbally abusive, hot-tempered ones. I’ll admit I had some pretty sick thoughts about what I wanted to do to them. (Not that I would have ever gone through with any of them of course.) But sick thoughts nevertheless.

It’s one thing to absolutely hate your job; it’s quite another to hate a boss. It’s much more personal. Feel me?

I thought so.

Maybe It’s Not About Your Boss

It’s brutal to be in an uncomfortablea horrible work-related situation. It...