Phenix Salon Suites continues its momentum from one of its biggest development years ever by ranking in the top 100 on Entrepreneur magazine’s Franchise 500® list at #75, marking the ninth year in a row that Phenix Salon Suites has made the list. Since starting to franchise over a decade ago, the nation’s leading salon suite brand turned international trailblazer has continued to reinforce its stellar reputation as the leading salon suite rental franchise. Now, launching its international
Phenix Brings Salon Suite Concept to Sweden
The Swedish cultural philosophy of “jantelagen,” which eschews obvious self-promotion, is part of why Randa Shebly-Cobb says she’ll take a “build it and they will come” approach to introducing Phenix Salon Suites in the Nordic country. “We Swedes are definitely level-headed, logical people,” said Shebly-Cobb of why she’ll opt to demonstrate the practical business benefits of the salon suite concept that leases space for beauty professionals to set up shop. Instead of fanfare, what will
Walk-On’s Sports Bistreaux To Open Atlanta Office To Support Rapid Growth
Walk-On's Sports Bistreaux, a leading sports dining experience with a Louisiana-inspired menu and family friendly atmosphere, will open an Atlanta office in the first quarter of this year to support rapid brand growth and hiring. With 61 restaurants operating today and more than 100 locations in various stages of development, the expansion marks Walk-On's ongoing commitment to growth and best-in-class franchise support. The Atlanta office will house the brand's Chief Financial Officer, along
QSR’s Breakout Brand of 2021: Slim Chickens Hits Another Gear
For Slim Chickens, the bar was set when franchising began nearly a decade ago—reach 600 locations by 2025. The proclamation was injected with more life after an equity investment in 2019 from 10 Point Capital, a firm that also backs fast-growing Walk-On’s, which saw its unit count expand by nearly 40 percent in 2020, and Tropical Smoothie Cafe, a chain that recently exceeded 1,000 stores. “We really were able to speed up franchising and speed up franchise development,” says Tom Gordon, who
Slim Chickens Finishes 2021 with 350 Signed Agreements
Slim Chickens made brand history in 2021 by closing out the year with more signed development deals and openings than ever before. The brand celebrated a number of milestones including its 150th store opening, entered 65 new markets with their development deals and had close to 40 openings. It also inked 350 signed agreements, bringing the total units in development to 750. On top of the rapid franchise growth, Slim Chickens also had a 25% positive comp store sales growth – in fact, the brand
Walk-On’s Sports Bistreaux Among Most-Anticipated Restaurant and Bar Openings in Las Vegas in 2022
The Location: Harrah's, Las Vegas The Players: Drew Brees, Brandon Landry, and Hash House A Go Go CEO Jim Nyberg Projected Opening: Late January Walk-On’s Sports Bistreaux comes to the Las Vegas Strip in early 2022. Walk-On’s plans to take over the former Toby Keith’s I Love This Bar & Grill at Harrah’s Las Vegas with a sports dining venue. Brandon Landry and Walk-On’s teamed up with Hash House A Go Go for the opening. Former New Orleans Saints quarterback Drew Brees is a part-owner. The
Tom Wells featured in Restaurant Business: Private Equity Could Make Its Return in 2022
PRIVATE EQUITY, ON THE SIDELINES IN 2021, COULD MAKE ITS RETURN IN 2022 The investment firms largely ceded the market to strategic buyers last year. But some believe they could make their return as they grow more confident in projections. “Private equity remains very interested in investing in restaurant systems,” said Tom Wells, managing partner with 10 Point Capital. “Coming into '22, you could see a lot of restaurant transactions. It could be a pretty good full year.” Click
Morven Groves featured in QSR Magazine: 2021 Was the “Year of Acquisitions” for Restaurants – Will It Continue?
2021 Was the "Year of Acquisitions" for Restaurants - Will It Continue? After evaluating pandemic performance throughout the strangest year on record for restaurants, 2021 has turned into the “Year of Acquisitions.” According to a Duff & Phelps report, Q2 2021 was the strongest period since 2015 in terms of the number of deals for the food and beverage space. In November, FAT Brands announced its intention to buy 23-unit Native Grill & Wings for $20 million. The chain, based
Morven Groves in NRN: Seven Tips For Entrepreneurs Who Are Looking To Scale Their Businesses Through Franchising
NEWS>EMERGING CHAINS How emerging concepts can gain traction and grow through franchising Seven tips for entrepreneurs who are looking to scale their businesses through franchising. Franchising your concept can take a lot of work and reflection. With more than 15 years of investing and advising in a variety of industries, I’ve learned several areas that businesses need to consider before starting to franchise their concept to increase the odds of success. These steps have guided
The Do’s and Don’ts of Restaurant Franchising in 2021
The trends around restaurant ownership change with time, but the COVID-19 pandemic has accelerated consumer and investor trends alike. Consumer expectations have been permanently altered, and there are some key features to look for when seeking to invest in a franchise that will keep up with those expectations. Click here to Read More