...BUSINESS FRANCHISING Top International Franchises Top National Franchises Submitted by: GERARD ANDREI B. DEINLA BSBA MARKETING MANAGEMENT Submitted to: DR. EDITH S. BUNUAN PROFESSOR IN BUSINESS FRANCHISING Top 10 International Franchises of 2014 The results of Entrepreneur's 35th annual Franchise 500 confirm that franchising continues to rebound, with these top 10 franchises leading the way. Here we highlight their success strategies and plans for the upcoming year. 1 Anytime Fitness Some 50.2 million Americans belonged to health clubs in 2012, according to the International Health, Racquet & Sportsclub Association. Today, about 1.9 million are Anytime Fitness members--a huge piece of the pie that's getting bigger every year. And it's safe to say that the 24-hour gym's clients, employees and franchisees are among the most enthusiastic people in the fitness industry. That's because the roughly 2,500 anytime clubs focus on people and culture. The company carefully selects its employees and treats them well, committed to the idea that a workplace should develop and challenge, not be stagnant or boring. Clients, meanwhile, appreciate the convenience of 24-hour accessibility to the small gyms--typically 2,500 to 5,000 square feet--whose staff and personal trainers take an interest and encourage them to push themselves. 2 Hampton Hotels Consider Hampton the U.S. ambassador of the hotel business. The company, which counts more than 1,900 units worldwide, has...
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...Are Franchises that use “Best Practices” in social media more successful compared to those franchises that do not use such practices in social media? Are Franchises that use “Best Practices” in social media more successful compared to those franchises that do not use such practices in social media? Introduction: I am a newbie to this thing called Social Media. I do not have a facebook page, don’t go on YouTube, and I have never tweeted. I was forced to utilize texting on my phone in order to communicate with my two sons during their teenage years. Now they are in college and I text them all the time. If I didn’t then I would have never interacted with them during their late high school and college years. The research paper that follows is my introduction to everything Social Media has to offer. I have tapped into many online resources, se the complete list on Appendix A. The topic of my research paper is, “Are Franchises that use “Best Practices” in social media more successful compared to those franchises that do not use such practices in social media?” What is Social Media? Webster dictionary defines “Social Media as forms of electronic communication (as Web sites for social networking and micro blogging) through which users create online communities to share information, ideas, personal messages, and other content (such as videos).” Everyone in the world has gone crazy over revealing everything about themselves on the internet and want other people to know...
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...Abhinay Madidi Patrick Guillaume Hannah Yue Table of Contents 1. Executive Summary ............................................................................................................................. 4 a) Introduction .............................................................................................................................. 4 b) Summary .................................................................................................................................. 5 2. Strategic Focus and Plan ...................................................................................................................... 5 a) Mission Statement .................................................................................................................... 5 b) Goals ….................................................................................................................................... 5 c) Core Competencies and Strategic Advantages ......................................................................... 6 3. Target Market …................................................................................................................................... 6 a) Who is our target market? ….................................................................................................... 6 b) Market Segments …....................................................................................................................
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...Abhinay Madidi Patrick Guillaume Hannah Yue Table of Contents 1. Executive Summary ............................................................................................................................. 4 a) Introduction .............................................................................................................................. 4 b) Summary .................................................................................................................................. 5 2. Strategic Focus and Plan ...................................................................................................................... 5 a) Mission Statement .................................................................................................................... 5 b) Goals ….................................................................................................................................... 5 c) Core Competencies and Strategic Advantages ......................................................................... 6 3. Target Market …................................................................................................................................... 6 a) Who is our target market? ….................................................................................................... 6 b) Market Segments …....................................................................................................................
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...Subway Franchise Course Instructor’s Name 11 August 2012 Subway Franchise The franchise concept has several advantages for both the franchisor and the franchisee. For the franchisor, offering a franchise arrangement means an easy access to capital formation brought about by the investments of franchisees (Om Sai Ram Center for Financial Management Research, 2006). Furthermore, it provides incremental income for the franchisor through royalty payments. Another advantage of the franchise concept is that it makes possible a faster expansion program for the franchisor supported by motivated distributors in the person of the franchisees (Om Sai Ram Center for Financial Management Research, 2006). The franchisees stand to benefit too from a franchise agreement. The franchisee gets to experience entrepreneurial autonomy using a proven concept, often with extensive recognition of the brand name (Om Sai Ram Center for Financial Management Research, 2006). The franchisee also benefits from the training programs provided by the franchisor, coupled with continuing supervision of the store. Although there are advantages to owning a franchise, franchisees are faced with disadvantages too. Decision-making is quite limited since the franchisee should follow the guidelines set by the franchisor (Om Sai Ram Center for Financial Management Research, 2006). In terms of purchasing, the franchisee is forced to purchase supplies and equipment from the franchisor...
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...Subway Franchise Business Plan ¬¬¬SUBWAY FRANCHISE GULFWAY Shopping Center Franchise owner Back in 1965, Fred DeLuca set out to fulfill his dream of becoming a medical doctor. He needed a way to pay for his education. A friend by the name of DR. Peter. Buck offered a suggestion of opening a submarine sandwich shop. Fred was able to obtain a loan of a 1,000 dollars and Fred’s Friend Peter. Buck offered to become business partners with him. After that they were able to start on an incredible journey that would revitalize the fast food market. The first store they were able to open was in Bridgeport, Connecticut in August, 1965. Then, after words they set a goal of having 32 stores opened in 10 years. Fred soon learned the basic ins and outs of running his fast food chain. Fred was able to operate his business with low costs and high profit while providing excellent service and high quality of food. These lessons would later serve him well in the Subway empire he was building. Now the Subway brand is the world’s largest sandwich shop which now consists of over 37,000 shops worldwide. Type of ownership This will be a LLC company and Franchised owned. I have picked this route because the company is already established and has done well on the market. I will be a LLC as well because if for some unseen reason in the future my business is sued I will not lose all my assets as well as the business. There were many reasons for me choosing...
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...BUSN 115 In order for U.S. sports franchises overcome to increase popularity abroad many franchises to market research. Market research is The process of gathering, analyzing and interpreting information about a market, about a product or service to be offered for sale in that market, and about the past, present and potential customers for the product or service; research into the characteristics, spending habits, location and needs of your business's target market, the industry as a whole, and the particular competitors you face. (Entrepreneur, 2014). Sports and music throughout history has been one thing that has brought people together. U.S sports franchises’ going abroad is not a surprise more of a nature progression. Owning a sports team is no different from any other business the main point is to make money and be the best not just in your city or region but also in the world. Expanding your franchise is important because as the use of the internet expands your views expand as well, because people that cannot see their favorite player play on Television can see it online. My brother loves WWE wresting, they wrestle overseas sometimes and do not show it on Television, and he will watch it online. I will be focusing on how the NBA Franchises increase there popularity abroad. One of the things a U.S franchise needs in order to be successful is a player or players that the fans in other countries can connect with U.S franchises. I remember the NBA Huston rockets going...
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...Snap Fitness, a fitness business based in Minnesota, offers franchise opportunities. The opportunity comes with a start-up fee ranging from $60,000 to $184,000. The following items are included in the start-up fee: 1. Franchise Fee 2. Grand Opening Marketing 3. Leasehold Improvements 4. Utility and Rent Deposits 5. Training Many people dream of owning a business as opposed to working for another business. The benefits of owning a franchise is priceless if ran properly. This paper will show an estimate amount of variable costs and monthly sales in members and dollars for Snap Fitness. Also included are five examples of variable costs and a summary about purchasing a franchise and the decisions that come along with it. Estimate Amount of Variable Costs A Snap Fitness franchise is estimated to incur fixed operating costs of $4,000 and $2,000 to lease fitness equipment. A newspaper article providing details about fitness centers like Snap Fitness states this form of business may only require 300 members to reach its break-even point. The cost-volume-profit, also known as CVP, analysis will assist Snap Fitness in determining the effects of changes of volume and costs on the business’ profits. The CVP analysis will help the new franchise apply appropriate profit planning. The CVP analysis determines profit by subtracting total revenue from total costs. The equation separates costs into variable and fixed. The equation coverts to profit = total revenue -...
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...Dunkin' Donuts Download the full 2012 Dunkin' Donuts Franchise Disclosure Document here.For a full list of our downloadable FDDs please click HERE.The Franchise Disclosure Document (FDD) is a requirement by the FTC. All franchisors are obliged to provide the FDD to prospective franchisees before they commit to investing in a new franchise. The FDD is of great importance to prospective franchisees because it contains important information about the franchise. The FDD provides key financial information such as the initial fees payable to the franchisor, annual royalties, likely start-up costs and probably most importantly, likely earnings from owning a franchise unit. If you are interested in finding out more about a franchise, it is essential that you get a copy of their latest FDD. | | Date Incorporation: 1954 Franchising Since: 1955 Headquarters: Canton, Massachusetts Business Description: A Dunkin' Donuts Store sells coffee, donuts, bagels, muffins, compatible bakery products, sandwiches, as well as other food items and beverages compatible with the franchisor’s concept. Franchise Offer: The franchise offered is for the right to operate a Restaurant, selling doughnuts, coffee, bagels, muffins, compatible bakery products, croissants, pizzas, snacks and other sandwiches and beverages that Dunkin’ Donuts approves. Dunkin’ Donuts encourages franchisees to develop a network of Restaurants within a targeted area or areas under the Store Development Program. ...
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...Home All FranchisesBy Company By Category Support CompaniesFinance / Loans Legal Accounting Training Partners / Insurance Franchise ServicesAsk our experts FREE! Advertise with us Franchise Advice FAQ's Franchise NewsNews Case Studies Breaking News All Franchise Opportunities Franchise Success Story: Jollibee Jollibee is a phenomenal success story: what began as a two-branch ice cream parlor in 1975 offering hot meals and sandwiches became incorporated in 1978 with seven outlets to explore the possibilities of a hamburger concept. Thus was born the company that revolutionized fast food in the Philippines. In 1984, Jollibee hit the P500 million sales mark, landing in the Top 500 Philippine Corporations. In 1987, Jollibee is a phenomenal success story: what began as a two-branch ice cream parlor in 1975 offering hot meals and sandwiches became incorporated in 1978 with seven outlets to explore the possibilities of a hamburger concept. Thus was born the company that revolutionized fast food in the Philippines. In 1984, Jollibee hit the P500 million sales mark, landing in the Top 500 Philippine Corporations. In 1987, barely 10 years in the business, Jollibee landed into the country's Top 100 Corporations. It became the first Philippine fast food chain to break the P1 billion sales mark in 1989. In 1993, Jollibee became the first food service company to be listed in the Philippine Stock Exchange; thus broadening...
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... This should help the company stabilize its financial status through sales generation and cost reduction. Company structure: Activision Blizzard organizational structure is base on 3 business segments. Activision Publishing, Inc. develops and publishes video games on various consoles handheld platforms and the PC platform. Activision also develop digital downloads to their game titles through retail channels with certain third-party publishers. Blizzard Entertainment, Inc. is well know to online gamer through Battle.net. Battle.net. host all Blizzard develops multiple award winning titles online such as Diablo, StarCraft, and World of Warcraft. The World of Warcraft massively multi-player online role-playing game ("MMORPG") franchises is currently the leader in terms of subscriber base and generates revenue monthly to 12 million customers worldwide. Activision Blizzard Distribution is consisting of warehousing, sales distribution services to third-party publishers, publishing operations, and manufacturer of its products. Strength:...
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...McDonald's franchise 5 II. The franchise agreement 6 III. The Mcdonald’s strategy 7 a. A specific strategy 7 b. Advantages of being a McDonald’s franchisee 9 Conclusion 10 Annex 11 Sources 13 “McDonald’s doesn’t confer success on anyone. It takes guts and staying power to make it with one of our restaurants. A total commitment of personal time and energy is the most important thing. You must be willing to work hard and concentrate exclusively on the challenge of operating that restaurant.” Ray Kroc: American businessman who joined McDonald's in 1954 and built it into the most successful fast food operation in the world Introduction As we all know this huge American firm, we decided to analyze the type of contract, which made the international success of McDonald. Although we can understand its success by the price of its hamburgers, the waiting time and many other things we do not always know how and how important is the type of contract used in its business model. Entrepreneur Magazine – Every year, Entrepreneur Magazine lists its Franchise 500. Over the last several years McDonald’s has been recognized as one of the Top 10 Franchises. Franchise Times Magazine – McDonald’s has been ranked #1 on its list of top 200 franchises. USA Today – McDonald’s has been selected by the National Minority Franchise Initiative (NMFI) as one of the 50 Top Franchises for Minorities. Black Enterprise Magazine – McDonald’s was listed as one of the 40 best Franchises for African...
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...McDonald's four types of control mechanisms (ways controls are applied) used in the “McDonalds” organization. 1, Administrative rules and policies: Code of Conduct for the Board of Directors at McDonalds; The members of the Board of Directors of McDonald’s Corporation acknowledge and accept the scope and extent of our duties as Directors. We have a responsibility to carry out our oversight responsibility in the interests of all McDonald's shareholders, within the scope of our authority and consistent with our fiduciary duties and our governance documents. The Board of Directors has adopted the following Code of Conduct and our Directors are expected to adhere to the standards of loyalty, good faith, and the avoidance of conflict of interest that follow: Board Members will: Act in the best interests of, and fulfill their fiduciary obligations to, all McDonald’s shareholders; Act honestly, fairly, ethically and with integrity; Conduct themselves in a professional, courteous and respectful manner; Comply with all applicable laws, rules and regulations; Act in good faith, responsibly, with due care, competence and diligence, without allowing their independent judgment to be subordinated; Act in a manner to enhance and maintain the reputation of McDonald’s; Disclose any potential conflicts of interest, including those that they may have regarding any matters that may come before the Board, and abstain from discussion and voting on any matter in which they have or may have a...
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...INTERNATIONAL UNIVERSITY COLLEGE Sofia [Pasta Italia Franchise] Coursework in Introduction to Business Operations and Supply Chain Management Statement of originality We, the undersigned, declare that this coursework is our own original work. Student registration No: 101009 Signature: …………. 101011 Signature: …………. Program: Business Administration, Level 1 Lecturer: Deian Doikov Contents Introduction 3 Advantages of Franchising 4 Disadvantages of Franchising 5 Top 10 franchise ranking 5 Pasta Italia Background 6 Product Design 7 Service design 9 Capacity management 11 Layout planning 13 Location 15 Conclusion 16 Bibliography: 17 Introduction The aim of this coursework is to represent the role of a supportive project written by an operations management consultant with the Pasta Italia, chain of restaurant which is selling franchise shops to small business owners. Our purpose is to help prospective franchise owners to run their own business and to provide high and unchanging standards of food and service to perpetuate and to save the brand image. The coursework should be made up of five sections: 1. Product design 2. Service design 3. Capacity management 4. Layout planning 5. Location criteria We will continue the project whit explaining what is franchising, which will be followed by an explanation of every other topic mentioned above and some background of the company. Every theme...
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...Analyzing Essay on Franchise- Assignment for Week 10 Ida Johnson GMT 615 SYS/Lecture/DST1 Intra & Entrepreneurship and Business Management Professor: Seth Chodosh July 17, 2015 1 Introduction In the year 1935, a man name David Shakarian, changed his dream into reality by operating a health food store in Pittsburgh, PA. Based on the incremental of his target market, Shakarian was delighted to opening stores in other parts of the US; at which time, he decided to change the company’s name from Lackzoom to General Nutrition Centers, commonly known as (GNC). In no time GNC, started to produce other products such as: vitamin and mineral supplements, foods, drinks, as well as cosmetics. Shakarian, being an entrepreneur who had what it took, did not limit his potentials, but allowed GNC to begin franchising in the year 1988. Today, the GNC Company and franchised stores are operated throughout America and worldwide. According to the website, the company’s franchise strategy has benefited over 70 years, of retail and brand dominance. Because of GNC’s incredible growth, its successful franchise system, and brand awareness through its marketing innovations, more and more people decided to eat healthy in order to live well; and at the same time, the increase of obesity rate, prompted the company to open stores...
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