In the face of economic challenges and changing market dynamics, franchisee recruitment takes creativity and agility. Franchisors need to adopt innovative strategies to recruit the right franchisees. Here are some effective approaches to consider when it comes to franchisee recruitment: Expand your Franchisee Recruitment Network: Franchisors should tap into their existing network of vendors, franchise […]
June 8, 2023 Federal Trade Commission Attn: Lina Khan, Chairperson 600 Pennsylvania Avenue NW, Suite CC–5610 (Annex C) Washington, D.C. 20580 RE: Solicitation for Public Comments on Provisions of Franchise Agreements and Franchisor Business Practices (FTC Docket No.-2023-0026) (March 10, 2023) Dear Ms. Khan, FRANdata is grateful for the chance to present its perspective (referred […]
Strategically contact the franchisees your business needs to ramp up growth. Driving by your local Arby’s, you can’t tell who the owner is, how many locations they own, or how to reach them for their business. Forty franchisees own more than 70% of Arby’s franchised locations (refer to the pie chart). That’s right – forty […]
The Small Business Administration (SBA) has recently announced significant changes to how it deals with franchise lending, signaling its departure from the messiness of franchise oversight and eligibility. These changes aim to simplify and expand the program, aligning it with the success of the Paycheck Protection Program (PPP) that provided loans to small businesses during […]
FRANdata has been championing franchise lending for more than 15 years. Aside from speaking to hundreds of Franchise Registry lenders members, we also go to several lender conferences every year, updating lenders on the outlook for franchising and the soundness of the business model while getting to the pulse of franchise lending straight from the […]