GoKawiil
Tech News
Five Guys' latest franchise disclosure document shows the burger chain shut down 31 restaurants across multiple U.S. states last year, even as it continued adding new locations to its overall footprint. The filing details where these closures occurred as part of the company's routine reporting on its store network.
Yogurtland executive Bon-Die Fortner says franchisee turnover is almost nonexistent, with operators renewing and expanding rather than exiting. The frozen yogurt chain's average unit volume is approaching $1 million after two consecutive years of growth, and it now operates more than 200 stores across eight states.
Sony had initially scrapped plans for a sixth entry in the 'Insidious' horror franchise, but franchise star Lin Shaye pushed back against the decision. Her intervention reportedly played a key role in reviving the project, which has now been announced under the title 'Insidious: Out of the Further.'
Papa Johns has named KM Capital, a Mexican investment firm founded in 1986, as its new franchise partner in the country, handing it control of 44 existing locations. The firm plans to invest further in operations, branding and expansion there, while Papa Johns' international division has now posted seven consecutive quarters of same-store sales growth, up 1.5% in Q2, even as U.S. sales fell 8.3% over the same period.
Richard Kelly, director of the 2001 cult film 'Donnie Darko,' has written a book that directly continues the story of the original movie. Kelly has said he hopes the novel could serve as the foundation for additional films expanding the franchise beyond the original.
A franchise consultant who has advised over 1,000 candidates says validation calls with existing franchise owners are a frequently skipped but essential step in the discovery process. These calls happen after reviewing the Franchise Disclosure Document but before Discovery Day or signing, and are meant to confirm claims made by the franchisor directly with people already running the business.