After a week of indulgence (OK, overindulgence) during vacation I was ready to rid my body of some toxins, which is what the infrared sauna at CYL Sauna Studio purported to do. These saunas, which use infrared light to heat the body from within instead of heating the surrounding air, aren't new, but as franchise concepts are popping up in greater numbers as they ride the wellness wave.
Julio and Roberto Medrano, two brothers hailing from Honduras, wanted financial independence and to start their own business.
After Noodles dialed back the complexity and created a new prototype, longtime franchisee Mike Lamb is ready to start building again and knows to be successful, every detail matters.
Urban markets don't always equal higher sales, and for Bennigan's, Beef ‘O' Brady's and A&W, sometimes success comes in a smaller town. While these brands are facing new challenges amid the pandemic, their market strategy could position them better for a comeback.
It was in 2009 that Gabriel, Dina Kimmel's son, was diagnosed with moderate to severe autism spectrum disorder. Kimmel remembers the time well as her family could hardly visit any playgrounds without being asked to leave. After the fifth such experience, she was fed up and decided to create a private gym in her bedroom—one that both Gabriel and her neurotypical daughter, Sophia, could play in.
Umbrella companies, many backed by private equity firms and with multiple concepts under each roof, are the rage in franchising. Buzz Brands has three concepts. Self Esteem Brands now has four after two acquisitions last year. Xponential Fitness has eight and counting. So how to find leaders to drive all those concepts? The Human Element went to find out.
The red disk in the middle of the flag represents the sun without rays. The sun plays an important role in Japanese mythology and religion as it is said the emperor is a direct descendant of the sun goddess, Amaterasu. The flag itself is called Hinomaru, which means “circle of the sun.”
Minnesota-based Snap Fitness and its newest master franchisee, Global Fitness Japan, expect the brand's flexible 24/7 model that also incorporates group workouts will appeal to Japanese consumers.
Some franchisees that are hungry for capital may be able to tap into equity stored in their real estate via a sale-leaseback transaction.
“There is an expression in franchising that you're in business for yourself, not by yourself,” says Johnny Sellyn, founder of FranchiseREsales.com, reciting a common phrase. The exception to that is when it comes time to sell the business. Then, franchisees are on their own. “To be honest, a lot of brands don't even want to have a discussion with franchisees about a resale,” he says.