Francorp Clients Celebrate Lasting Successes
Through the last few years have taken a toll on the economy, and many industries. Franchising has still seen growth since the rescission, and some Francorp clients have a lasting success even through it all. Some large success stories that have made headlines may surprise a few readers. The increases in franchise success has proven that franchise companies, can be some of the most profitable.
Johnny Rockets, a Francorp Client, with a 50’s style burger diner has been sold to Sun Capital Partners Inc. This chain is based out of California has 300 restaurants both corporate and franchised. About 75% of these locations are franchise locations. The asking price for the acquisition was between 100-150 million. The exact number has not been disclosed, but private equity groups across the nation are looking for successful franchise models to purchase. Rorke Capital, for instance is a private equity group that has acquired 9 other Francorp Clients.
Auntie Anne’s Pretzels, a company Francorp built from two carts to over 1,000 units, has recently added a new revenue stream to their concept to keep up with the breakfast crowd. The addition of breakfast sandwiches and pretzels will add a completely new market for this chain. They have successfully rolled this out in 100 units in transit hubs, and are working to have a grand total of about 50 menu items by the end of 2013. They are still considering rolling out the breakfast system wide. It comes as no surprise that these sandwiches will be served on pretzel bread. Auntie Anne’s is also another company which is in the Rorke Capital group portfolio.
Francorp’s client Panda Express is celebrating its 30th anniversary this year. They are passing on this celebration to customer with new Chinese New Year dishes offered in all of their locations. This is a chain that has seen many changes, since it began. Last year, after opening their 1,500th location, it became clear that they have no plans of slowing down, even in this economy. Panda Express is has made it very clear that they would like to be the leader in people development by 2020. They offer many different advancement opportunities for their 23,000 employees.
These incredible growths show that franchising is still the market to be in, even in a down economy. There are many benefits with the nuances in the market. In 2012 franchising grew over 1% in the national market. Franchising has seen consistent growth every year since 2009, and Francorp has been leading the way! There has even been a 3.5% increase on household spending for takeout food, based on the 2011 statistics. This means that more families are annually spending more on food.
Papyrus is an amazing success story, of two people looking to live out the true American Dream. This is a story of two people that came to America, and started a company out of their apartment. Since 1973 Schurman Retail Group has grown to doing 200 million in sales, as of 2012. In their 40th year, this franchise company is still moving ahead strong and getting attention from the media. This month they were featured in Fortune magazine. This Francorp client has shown great growth. Papyrus started with importing art cards from Europe.
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! For more immediate assistance call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond.