It’s officially February and there’s already lots to love in the world of franchising. Growth is the name of the game for franchises, with new faces and new places setting the tone for an exciting 2016. Take a look at some of the top stories in the franchising industry this week.
Burger King returns to Israel after 6 year absence
2009 marked the year that Burger King closed the doors in Israel. Now, the first Burger King franchise since 2010 has opened Monday night in Tel Aviv. Customers are celebrating once again being able to have it their way after a lengthy hiatus. Burger King originally entered the Israeli market in 1993 and expanded to 55 franchises which shut down in the summer of 2010. Many of these reopened at the Israeli franchise Burger Ranch. French businessman, Pierre Besnainou, along with a group of investors, are leading the efforts to open fifty branches within the next five years. Besnainou and the group have made an initial investment of about $12 million and own the rights to the new franchise.
Cruise Planners announces new role: Corporate Director of Finance
Cruise Planners, an American Express Travel Representative, the nation’s leading home-based travel agency network announces that Matt Kruszewski has joined the franchisor as Corporate Director of Finance. Matt comes to Cruise Planners with 10 plus years of experience and a background in finance with a special focus on technology, which makes him uniquely qualified to jump into his new role. Matt is passionate about travel and finance, making him an ideal fit for the franchise that has continued to increase sales utilizing proprietary technology and creating business solutions for its growing travel agent network as a franchisor.
Kwench Juice Café Kicks 2016 off with North American Expansion Plans
Kwench Juice Café is ready to give a boost to New Year’s resolutions to live healthier with the introduction of plans to franchise across North America. The smoothie and juice franchise has a commitment to environmental awareness that is matched with top notch customer care and a strong support plan for franchisees. Top quality products reign supreme at Kwench, where frozen fruits are not a part of the menu makeup. These healthy concoctions with locally sourced organic ingredients will be a welcome reprieve from the holiday feasting.
Arby’s Leads QSR Industry with record setting growth in 2015
The numbers are in with soaring sales for the second largest quick-service sandwich chain in the US. Arby’s is reporting record-setting sales for 2015. During 2015, Arby’s opened 69 new restaurants system-wide with profits of over $3.5 billion. US locations accounted for 60 of these openings — the highest number since 2008. A re-commitment to delivering inspiring culture and service, along with restaurant revitalization and corporate social responsibility can be credited for helping to spur a year of marked growth. Specifically, 179 restaurants have been remodeled, the Arby’s Brand Champ training program reached nearly 70,000 employees and The Arby’s Foundation’s National Restaurant Fundraiser raised more than $3.7 million to help eliminate childhood hunger in America.