Growth at restaurant chains is reflecting the IFA-reported trend that franchises are growing faster than other businesses, including the 52-unit Baja-inspired chain Costa Vida, which announced plans to double its number of locations in the U.S. and Canada. IFA’s report “shows franchising remains an incredibly strong and resilient business model that generates jobs and economic [...]
Tag: "franchise boom"
Tropical Smoothie Café has expanded its franchise since being acquired by BIP Opportunities Fund, opening 40 new locations and entering into 41 new franchise agreements last year. The company currently operates 336 locations and plans to open 40 additional units nationwide in 2013. “The combination of our well-managed growth plan, healthy menu innovation and effective [...]
Retail operator PT Modern Putra Indonesia will add hundreds more 7-Eleven stores in the next few years, catering to the burgeoning middle class’ growing demand for convenience foods. The retailer operates 119 7-Eleven stores in Indonesia, most of which have evolved into self-service cafes equipped with tables and chairs, free Wi-Fi, music and scooter-parking valets [...]