franchise development

Pizza Hut Celebrates the Opening of its 3,000th Store in China

by Katie Lee June 20, 2023

Shanghai — Yum China Holdings, Inc. (“Yum China”) has celebrated the opening of Pizza Hut’s 3,000th store in China, located in Qinhuangdao, a coastal city in Hebei province. It marks a significant milestone in Pizza Hut’s 33-year growth journey in China. The new restaurant enjoys a sweeping view of the sea. Not only does it provide a contemporary dining experience, but also showcases advanced sustainability solutions, including an IoT-based intelligent energy management system and outdoor solar lamps. The restaurant also incorporates renewable and recycled materials in its decoration and layout, …

June 20, 2023

franchise development News people restaurants

Smokey Mo’s Welcomes New CFO

by Katie Lee June 20, 2023

Austin, Texas — Popular family-friendly Texas restaurant Smokey Mo’s TX BBQ has named Martin Hornsby as its new chief financial officer. “Bringing Martin to Smokey Mo’s will support more financial opportunities for franchising and corporate strategy,” says Craig Haley, president of Smokey Mo’s TX BBQ. “Smokey Mo’s is in the beginning stages of a substantial growth plan and we are very excited to add Martin’s financial and franchising expertise to our team.” Having worked as chief financial officer for companies such as Alamo Drafthouse and Sport Clips Haircuts, Hornsby’s experience, …

June 20, 2023

franchise development News people restaurants

Smashburger Appoints Interim President

by Katie Lee June 16, 2023

Denver — Smashburger has appointed Jose Miñana Jr. as interim president in place of Carl Bachmann upon his departure from the company on June 30th. Miñana is the chief sustainability and public affairs officer for Smashburger’s parent company, Jollibee Foods Corporation, and will serve as the president until the permanent lead executive has been appointed. Miñana has over 25 years of experience working for the Jollibee Foods Corporation and has held multiple positions within the global restaurant company. Before being named the chief sustainability and public affairs officer in 2019, …

June 16, 2023

franchise development News restaurants

Great American Cookies Continues U.S. Expansion with First Alaska Location

by Katie Lee June 15, 2023

Los Angeles — Great American Cookies, the Original Cookie Cake franchise, plans its first location in the state of Alaska. The new store will be located in Anchorage. “This year, Great American Cookies arrived in Arizona, New Mexico and Illinois,” says Allison Lauenstein, president of Great American Cookies. “Growing domestically has been a key growth pillar for us so we are pleased to be able to expand our footprint to four new states, including Alaska, in just a few months. We see Anchorage as a great market to make our …

June 15, 2023

construction and design franchise development News restaurants

Paris Baguette on Track to Have 1,000 Units Open by 2030

by Katie Lee June 14, 2023

Moonachie, N.J. — Paris Baguette, the bakery café concept with 4,000 units worldwide, currently has nearly 150 units open in the U.S. and is working toward reaching the 1,000 unit mark in the States by 2030. After a great end to 2022, the concept has kicked off 2023 by signing 40 franchise agreements and opening one restaurant per week in the first quarter. “We are very proud of the momentum we have. Last year we opened 24 stores. This year, we are more than halfway there in just 3 months,” …

June 14, 2023

construction and design franchise development News restaurants

Captain D’s Converts Former Dunkin’ Location in Atlanta Area

by Katie Lee June 12, 2023

Nashville, Tenn. — Captain D’s, the nation’s leading fast-casual seafood restaurant, has converted a former Dunkin’ to its newest franchised location in Marietta, Ga. (not pictured here). This is the fourth Atlanta-area Captain D’s for local owner Anil Dossani, who began franchising with the brand in 2018 and already has a fifth location on tap for Ellenwood later this summer. The Marietta opening comes on the heels of two other Captain D’s conversions this spring in Georgia, including a former Bojangles in Savannah and a Huddle House in Glennville. Dossani …

June 12, 2023

franchise development News restaurants retailers

Dave & Buster’s to Open 20 Stores in India and Australia

by Katie Lee June 12, 2023

Dallas — Dave & Buster’s has made two more significant deals for its global expansion plans. The first deal includes a 15-store partnership in India with the Malpani Group, and the second deal comprises a five-store partnership with the NightOwl Entertainment Group in Australia. These strategic alliances mark Dave & Buster’s second and third multi-store franchise agreements, firmly cementing the brand in the APAC and MEA regions with a total of 31 stores committed to development since global expansion plans were announced in 2022. Dave & Buster’s has implemented several …

June 12, 2023

franchise development News restaurants

Tim Hortons® to Open First Georgia Location on June 16

by Katie Lee June 8, 2023

Columbus, Ga. — Tim Hortons ®, the beloved coffee and bakery restaurant founded in Canada and popular in the northern U.S., will open its first location in Georgia on June 16th. The new restaurant will be located at 6741 Veterans Pkwy. in Columbus. Additional Tim Hortons locations in Georgia are expected to open throughout 2023. “We’re ready to open our doors in Georgia and serve our new Columbus neighbors, as well as Tims fans from across the state, including Georgia-based Canadians who have been eager to have a Tims closer …

June 8, 2023

franchise development Industry Voices restaurants

Lending Your Expertise

by Katie Lee June 7, 2023

— By Jon McClure — Responsible, creative financing supporting QSRs — how to find success in a challenging economy. How is it that with high inflation and high costs of borrowing, many QSRs owners continue to manage successful buyouts and acquisitions? One answer is creative deal structures in partnership with a responsible lender. Inflation — while beginning to ease — is still at levels not seen since the 1980s. In an effort to rein in rising prices, the Federal Reserve raised the Federal Funds rate seven times in …

June 7, 2023

franchise development News retailers

Woof Gang Bakery & Grooming Inks First Agreement in Illinois

by Katie Lee June 7, 2023

Miami — Woof Gang Bakery & Grooming, a leading pet service franchise brand in the United States, is entering Illinois for the first time with a store set to open in the Chicago suburbs next year. The brand currently has more than 250 locations open or under development across 21 states offering luxury spa services, gourmet treats and premium pet nutrition. “This is an exciting development for Woof Gang and for pet owners seeking the very best for their beloved companions in the Chicago suburb,” says Ricardo Azevedo, chief executive …

June 7, 2023

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