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Jim Coen Blog
Let's Talk Franchising!
Providing valuable insight and information regarding franchising and franchise opportunities.
Trench warfare in the franchise field Eilene Zimmerman writes at CNNMoney.com that even in good times, the relationship between franchisors and their franchisees tends to be fraught. Toss in an economic downturn and things get downright nasty. Iconic brands are facing revolts in the trenches from owners fed up with their corporate parent. ICE CREAM FRANCHISEE?S CLAIMS AGAINST FRANCHISOR BARRED BY ONE-YEAR CONTRACTUAL STATUTE OF LIMITATIONS PERIOD IN FRANCHISE AGREEMENT Scott Krumholz v. AJA, LLC and Emack & Bolio (January 13, 2010) All of the claims brought by the Emack & Bolio’s ice cream franchisees against a franchisor were time-barred by the one-year contractual limitations clause in the parties’ franchise agreement. The franchisees filed their complaint against the franchisor on December 24, 2007. The franchisees alleged [...] A Tale of Two Bakeries: Why Panera Rose While Cosi Fell Carol Tice at BNET Insight does a detailed comparison of each franchise and offers some insight into some reasons Panera had success and why Cosi seemingly struggled: Want to Buy a Top Franchise? NY Times shops Red Sox stake as revenue falls. The Boston Business Journal reports that the New York Times Co. has retained an investment bank to explore the possible sale of its stake in the Boston Red Sox on the heels of a dismal year that saw advertising revenue for it New England Media Group, [...] Credit crunch, declining profits make it harder for businesses to change hands Skittish investors and a rapidly declining economy have stymied the once brisk buying and selling of small businesses in the region. The small entrepreneur has been squeezed by Wall Street’s financial crisis, making it difficult for business owners to retire or simply swap businesses. Business owners have found their companies are worth less because of slack [...] Franchise Breeds Cautious Optimism It’s 11:30 on a Monday morning, and Karim Menebhi is waiting for the first customer at his brand-new Ronzio Pizza & Subs franchise in Smithfield. Menebhi has been busy — loading boxes of supplies onto shelves, talking on the phone to suppliers. Now he’s getting a little nervous. “I was feeling just normal until [...] DDIFO Names Acting President The DD Independent Franchise Owners Group, (DDIFO)which represents the largest association of Dunkin’ Donuts franchise owners in the U.S., has named Jim Coen, a member of the DDIFO Board of Directors, as its acting President and Chief Operating Officer. He takes over December 1, 2008 from Mark Dubinsky who has tendered his resignation after [...] USA Today ranks Red Sox as the No. 1 franchise in baseball Seth Livingstone of USA Today writes that the Boston Red Sox combine resilience in the field and a vision for excellence in the front office, have brought unbridled joy to the ever-growing population of Red Sox Nation in the past five seasons. In 2004, there was literally dancing in the streets of Boston when the [...] A Bad Economy May Benefit Franchises Mark C. Siebert for Entrepreneur.com writes that with all the negativity making headlines these days, it’s difficult sometimes to maintain perspective. Foreclosures at record highs. Nearly a trillion dollars in bailouts. The Dow with record declines. Mass layoffs and unemployment at five-year highs. Reading Dickens–it was the best of times, it was the worst of [...] Brueggers continues to expand despite weak economy Bruegger’s the Burlington, VT franchisor announced that it will continue to add bakeries in spite of the weak economy. In 2008, the company is ahead of plan inking development agreements totaling 46 new bakery commitments. Since 2005, when Bruegger’s significantly modified its franchising program, the company has reached development agreements for 153 new bakeries. [...]