Fund established to encourage pro athletes into franchising

The Playbook Solutions Group Franchise Income Fund has been formed to help professional athletes get into franchising. The fund was founded by Steve Levenson and NFL veteran Leonard Marshall is a partner. "The franchise industry is continuing to flourish and...

Quiznos, CiCi's, Cold Stone among franchise businesses with high default rates

The Wall Street Journal this week examined the 10 "worst franchise brands," based on SBA loan defaults. The list included three restaurant brands – Cold Stone Creamery, Quiznos and CiCi's Pizza. Topping the list was Planet Beach, with a 41.1 percent default rate.

Yum! Brands increases quarterly dividend by 11%

Yum! Brands Inc.'s board of directors has approved an 11 percent increase in the company's quarterly dividend. The quarterly cash dividend will increase from $0.37 to $0.41 per share and will be effective with the dividend payment to be distributed on Nov.

Cardiff finalizes acquisition of Romeo’s NY Pizza

Florida-based Cardiff International Inc. announced last week the finalization of its acquisition of Romeo’s NY Pizza. "We are pleased to add them to our growing portfolio. We're excited to have acquired Romeo's NY Pizza, a family owned business, with great...

Restaurant industry health and outlook hits a two-year peak

Driven by stronger sales and traffic levels and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose to its highest level in more than two years.  The RPI – a monthly composite index that tracks the health of and outlook for the U.S.

Lebron James’ investment group bringing Blaze Pizza to Miami

Blaze Fast-Fire'd Pizza today announced that it will soon enter the Miami market with three locations set to open within the next year. The company's first area location will be in Fort Lauderdale followed by a second location in Boca...

Franchise Assoc. CEO: Economy is on track to full recovery

Franchising growth is expected to grow significantly this year, according to new reports. FRANdata, which has been analyzing franchising activity for more than 25 years, reports that demand for franchise units is expected to increase by more than 12 percent...

Sbarro to get a fresh start in new Ohio home

Sbarro announced this week that it is moving its headquarters from Melville, N.Y., to Columbus, Ohio, as it emerges from bankruptcy protection. The pizza chain filed for Chapter 11 reorganization in March, its second such filing in three years.

Restaurant traffic continues on a positive trajectory

Driven by improving same-store sales and customer traffic and a positive outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose for the second consecutive month. The RPI stood at 101.7 in April, up 0.3 percent from March...

MOD Pizza raises $15M to accelerate expansion

Seattle-based MOD Pizza has raised more than $15 million from private investors to support an accelerated expansion of the brand. In addition, the company announced that it will be opening stores in three new markets this summer – the San...

Papa Murphy's IPO priced at $11 per share

Papa Murphy's Holdings has announced the pricing of its initial public offering of 5,833,333 shares of common stock at $11.00 per share. According to a news release, all of the shares in the offering are being offered by Papa Murphy's,...

Energy Edge Technologies to acquire stake in Power Pizzeria

Energy Edge Technologies Corporation has entered into an agreement with Power Pizzeria to acquire a 49-percent stake in the pizza company. While specific terms are being negotiated, Power Pizzeria management said the transaction is anticipated to close in the second...

Restaurant industry metrics reach 10-month high

Driven by stronger same-store sales and customer traffic and a more optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index rose to a 10-month high in March. The RPI — a monthly composite index that tracks the...

Papa John's issues quarterly dividend

Papa John's has declared a quarterly dividend of 0.125 cents per common share, payable May 23 to shareholders of record at the close of business on May 12.

Papa Murphy's plans $70M IPO

Papa Murphy's laid out terms for its initial public offering this week and plans to raise $70 million through about 5.8 million shares valued at $11 to $13 each.

Canadian Restaurant Investment Summit schedule solidified

The fifth annual Canadian Restaurant Investment Summit, produced by GE Capital, will be held in Toronto on May 6-7. According to a news release, it will feature operators, executives, franchisees, investors, lenders and suppliers. One of the sessions features Cara's...

NRA solidifies inaugural Restaurant Finance Summit lineup

The National Restaurant Association has finalized the full line-up for its inaugural Restaurant Finance Summit, which is May 19 during the NRA Show in Chicago. According to a news release, the half-day conference will kick off with a luncheon and...

PizzaRev, Buffalo Wild Wings partnership called 'Deal of the Year'

The strategic partnership formed between PizzaRev and Buffalo Wild Wings was selected as the top investment 'Deal of the Year' by Franchise Times magazine. According to a news release, PizzaRev founders Irv Zuckerman and Rodney Eckerman received the award at...

Access to capital increases for small businesses

A new report from Pepperdine Private Capital Access Index shows that access to capital for businesses of all sizes increased in the first quarter and is at its highest since the inception of the report in Q2 2012. According to...

Buffalo Wild Wings steps up investment in PizzaRev concept

PizzaRev announced that Buffalo Wild Wings Inc. has completed a second tranche of its equity investment in the company. "Buffalo Wild Wings has been an incredible partner for PizzaRev over the last year as we have expanded our market presence and perfected our growth strategy," PizzaRev co-CEO Rodney Eckerman said in a news release.

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