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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.

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McDonald's Accelerating its Expansion in India

Wednesday July 1, 2009
According to the Wall Street Journal, McDonald's plans to open another 40 restaurants across India, bringing the total to close to 200.

While much of India's retail sector is struggling, McDonald's has been largely unaffected by the slowdown and is planning on accelerating its expansion on the subcontinent, according to Amit Jatia, chairman of McDonald's in western and southern of India.

Last year, the fast-food giant opened about 25 restaurants. Mr. Jatia said the number of customers coming to McDonald's restaurants has continued to climb between 10% and 15% each month compared with a year earlier.

McDonald's adapts its restaurants in India to local tastes; in a nation that is predominantly Hindu and reveres the cow, beef isn't on the menu, for instance, replaced by chicken burgers and vegetable patties.

"People in India are used to McDonald's and now starting to rely on it" as it becomes more than just the occasional treat for India's increasingly affluent middle class, Jatia said.

Photo: Justin Sullivan / Getty Images.

The History of Dunkin Donuts

Friday June 26, 2009
It all started in 1946 when William Rosenberg (founder of Dunkin Donuts and also the International Franchise Association) invested $5,000 to form Industrial Luncheon Services, a company that delivered meals and coffee break snacks to customers in the outskirts of Boston, Massachusetts. The success of Industrial Luncheon Services led Rosenberg to open his first coffee and donut shop, the "Open Kettle". Then, in 1950, Rosenberg opened the first store known as Dunkin' Donuts in Quincy, Massachusetts.

The First Dunkin Donuts Location

The first Dunkin’ Donuts shop (shown left) was opened in Quincy, Massachusetts in 1950. The company began franchising five years later. By 1963, there were over 100 Dunkin Donuts shops open and by 1979 over 1000 loctaions open.

Photo: FranchiseTimes.com

Wanna Turn Your Restaurant into the Next Top Franchise?

Friday June 19, 2009
Do you have a great food concept that could be the next top food franchise? If you have a great business model and a great restaurant that you feel can be franchised, I suggest you reach out to a company called FranSmart.

FranSmart manages franchise development strategy for innovative food and restaurant franchise concepts. They connect qualified franchise developers and operators with high growth franchise opportunities. Fransmart provides strategic consulting and support for the franchise concepts lucky enough to make it into their portfolio. FranSmart helps it's brands and their franchisees grow by securing high quality real estate, maximizing unit economics and securing brand awareness within the restaurant and franchise industry.

So, if you have the next big food franchise concept and feel you are ready to take the next step, trying to connect with FranSmart might be a good idea.

The California Closet Franchise Story

Wednesday June 17, 2009
In 1987, Anthony Vidergauz visited his mother-in-law in LA while she just happened to be having new customized and super functional closet gear installed. After seeing the resulting innovative design and superior organizational capacity, Anthony was hooked, and insisted on working for the company. He left his job in South Africa as a tax law specialist and began his career as the Vice President of Legal Administration for California Closets. In 1994, he decided to purchase the company from then-owner William Sonoma, and since has expanded the business into a world-class brand.

Today, California Closets is a leader in its category and boasts a legion of Artisans capable of a level of craftsmanship that has set the company apart for artful organization. California Closets prides themselves on first listening to their clients then responding to their needs with visual tools, unique and custom designs, off-location construction, and minimal disruption upon installation. California Closets’ successful Room2Work line has given the company a more down to earth division. This more affordable option is for folks who are trying to make sense out of their closet space in tight offices and small homes. Innovation has something for everyone and California Closets is intent on addressing every inch.

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