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Buying a Franchise

The process of buying a franchise is a very long process that should be pursued very carefully. There are many factors to consider, and many steps to take during the franchise-buying process.

Franchises Spotlight10

Little Caesar's Continues to Give Back

Monday October 22, 2012

The Little Caesars pizza chain, in connection with its commitment to charity, in its native Detroit and elsewhere, has been busy lately.  This week, the Little Caesars Love Kitchen donated 130 large pizzas to a soup kitchen in Fort Wayne, Indiana.  The Love Kitchen has done things like this to build on its record as a pizza-based version of the American Red Cross' disaster relief efforts, typified by coffee and donuts.

The chain has also created the "pizza cone kit," allowing the buyer to make a cross between a pizza slice and an ice cream cone, with their own choice of toppings, which in this case would instead be fillings.  These pizza cones are being demonstrated at schools, churches, and youth sporting events.  All the proceeds from these demonstration sales are going to charity.

Little Caesars founder Mike Ilitch grew up in the Great Depression, and in spite of his vast wealth, has seen his hometown struggle, and has not forgotten what it was like to do so himself.  He has worked for decades to help lift the people of Detroit, and elsewhere, out of difficulty, and to provide good food at the same time.  Read more about him: http://franchises.about.com/od/m/a/Mike-Ilitch-Biography.htm

Bennigan's Comes Back

Friday October 12, 2012

After going into bankruptcy, and nearly out of business entirely, in 2008, Bennigan's is attempting a comeback.  The former giant of casual dining had been beaten into the ground by competitors and the financial-market meltdown, but has begun to open new restaurants all over the continental United States.

This follows a measure of international success.  There are currently 11 Bennigan's outlets in South Korea, 6 in Mexico, 3 in the Mediterranean island nation of Cyprus, and individual outlets in the Bahamas, El Salvador, Panama, India and Bahrain.  These appear to have kept the company afloat while it restructures itself domestically.

Bennigan's is not the only restaurant chain to reach the brink of disaster, nor the only one to come back from the brink.  Read more here: http://franchises.about.com/od/m/a/Famous-Restaurant-Bankruptcies.htm

Brinker International Shows Tremendous Growth

Friday October 5, 2012

Brinker International has been growing by leaps and bounds.  According to a recent article in Forbes magazine, its profit increased by 76 percent over the last year.  A recent divided yielded 2.2 percent, and total revenue for its fiscal year was $784.5 million.

Their Chili's brand has had 5 consecutive quarters of sales increases, and their Maggiano's brand has had 10.  They are projecting growth of nearly 20 percent for fiscal year 2013, and nearly 14 percent for fiscal year 2014.

This would have pleased their founder, Norman Brinker, who is considered the founding father of casual dining for his establishment of Steak and Ale and his development of Bennigan's and Chili's, the latter being the cornerstone of the company that bears his name.  Read more about him: http://franchises.about.com/od/mostpopularfranchises/a/Norman-Brinker-Biography.htm

Domino's Pizza Opens 10,000th Store

Friday September 28, 2012

Domino's Pizza opened its 10,000th store on September 27, 2012.  Like most American fast-food giants reaching a milestone in store openings, the one that put them over the top was not in the U.S.  It was in Istanbul, Turkey, home to over 13 million people and, as a multicultural Mediterranean city that has been influenced by Italy, open to the idea of Italian and Italian-style food such as pizza.

The milestone store is one of over 250 that Domino's has opened in Turkey.  Having expanded to many other nations, with particular success in Mexico, Britain, India and Australia, Domino's gets about $7 billion, roughly half its total sales from outside the U.S.

Domino's domino logo has three dots, for the three stores that founder Tom Monaghan had when he designed it.  By the time he sold the company in 1998, it already had over 1,500 locations outside the U.S.  Read more about the man who founded this iconic company: http://franchises.about.com/od/mostpopularfranchises/a/Tom-Monaghan-Biography.htm

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