Erik Ivey, Ph.D.’s Post

What is the Oldest Franchise that's Still Operating today? Did you know that the oldest franchise still operating today is A&W Restaurants? As a franchise consultant, I find A&W’s story particularly inspiring and a great example of enduring success in the franchise industry. Founded in 1919, A&W started as a simple roadside drink stand in Lodi, California, where Roy W. Allen served a new creamy root beer formula to returning World War I veterans. Just two years later, Allen partnered with Frank Wright, and the brand we know today was born. What makes A&W remarkable is its ability to maintain its nostalgic charm while evolving to meet modern tastes and preferences. They were pioneers of franchising, setting the stage for the business model that many successful chains use today. Here are a few reasons why A&W has stood the test of time: Strong Brand Identity: A&W’s brand is synonymous with classic American dining, evoking a sense of nostalgia with its root beer floats and all-American menu. Adaptability: While they cherish their heritage, A&W has also embraced innovation, updating their menu and services to keep up with contemporary trends and customer demands. Community Focus: A&W franchises are often locally owned and operated, fostering a strong connection with their communities. This local focus helps build customer loyalty and a personalized dining experience. A&W’s story is a testament to the power of a strong brand, community connection, and the ability to adapt and innovate. If you're considering entering the franchise world, A&W's journey offers valuable lessons on longevity and success. Have you ever visited an A&W? Share your experiences and thoughts about this iconic franchise!

Discover the secrets behind the success of large franchise chains. Learn how transparency and careful documentation can lead to limitless growth in the catering industry. 🍔🍟

How McDonald's Built a Fast Food Empire. Ray Kroc, born in 1902, grew up in Oak Park, Illinois. He started as a paper cup salesman and later sold milkshake machines. At 52, Kroc discovered a small but popular restaurant run by the McDonald brothers in California. Amazed by their speedy service system, he saw potential. In 1955, he opened the first McDonald's franchise in Des Plaines, Illinois. Kroc's vision and determination turned McDonald's into a global fast-food empire. In 1955, Kroc opened the first McDonald's franchise in Des Plaines, Illinois. By focusing on quality, consistency, and rapid service, he expanded the brand aggressively. Within five years, McDonald's had over 100 locations, generating significant revenue. By the 1970s, under Kroc's leadership, McDonald's became a global giant. By the time of his death in 1984, McDonald's annual revenue had soared to over $8 billion, transforming Kroc from a struggling salesman into a business titan. Hera are 3 learning from Ray kroc as a CEO of Mcdonald:- 1]Ray Kroc saw the potential in the McDonald brothers' small restaurant and envisioned a nationwide franchise. His vision extended beyond just selling food; he aimed that every McDonald's served the same quality food with the same speed. 2]He focus on quality Consistency which ensured that customers could expect the same experience at any McDonald's location, which build trust and loyalty towards the brand 3]Kroc's franchise model allowed rapid expansion while maintaining control over operations. His approach to franchising and partnerships was key to McDonald's growth and sustainability. As CEO of McDonald's, Ray Kroc taught that relentless focus on quality and consistency, combined with a visionary approach to franchising, can transform a small business into a global powerhouse. Despite facing challenges and competition, Kroc's relentless drive and innovative ideas led to McDonald's becoming a household name worldwide. He passed away in 1984, leaving a legacy of one of the most iconic brands in history, demonstrating how one man's vision can transform an industry. Comment down 👇 #leadership #entrepreneur #ceos

If you’re considering investing in a franchise business that combines family entertainment with delicious food, look no further than owning a #ChuckECheese franchise. With its iconic brand and decades of success, Chuck E. Cheese’s offers franchisees a range of benefits that make it a standout choice in the world of #franchising. We’ll explore the top five benefits of owning a Chuck E. Cheese #franchise.

Ever envisioned owning a thriving pizza franchise? Let us guide you through the seamless journey of becoming a proud Smokin' Oak Pizza franchisee. 🛣️🌟 1️⃣ Intro Call: Connect with our development team in a personalized introductory call. 2️⃣ Attend Webinar: Immerse yourself in the world of Smokin' Oak Pizza through our informative franchise webinar. 3️⃣ Document Review: Explore the details in our Franchise Disclosure Document for a comprehensive understanding. 4️⃣ Management Call: Engage in a productive call with our experienced Franchise Management Team. 5️⃣ Discovery Day: Experience the unique atmosphere of Smokin' Oak Pizza by participating in Discovery Day at one of our locations. 6️⃣ Sign Agreement: Solidify your commitment by executing the Franchise Agreement. 7️⃣ Site Selection: Kickstart the journey by launching site selection, architectural design, and construction. 8️⃣ Marketing: Create a buzz with a targeted marketing campaign to ensure a dazzling grand opening. 9️⃣ Training: Benefit from hands-on, on-site training and ongoing support at your franchise location. 🔟 Grand Opening: Make a splash with an unforgettable Grand Opening Day at your bran... #SmokinOakPizza #SmokinOakPizzaFranchise #PizzaFranchise #FoodFranchise #RestaurantFranchise #BusinessOpportunity

🚀 5 Reasons to Invest in an Up-and-Coming Restaurant Franchise 🍽️ 1️⃣ Early Entry Advantage 🌟 Be one of the first to join a growing brand, gaining prime territory selection and early success benefits. 2️⃣ Innovative Concepts 💡 New franchises bring fresh, modern ideas to the market, giving you a competitive edge with unique offerings. 3️⃣ Personalized Support 🤝 Enjoy more direct access to the franchisor’s team, leading to tailored support and a stronger partnership. 4️⃣ Attractive Incentives 💸 Benefit from special incentives and lower initial fees that new franchises often offer to attract top investors. 5️⃣ Market Differentiation 🌐 Stand out in a crowded market with a new, exciting, and not yet oversaturated brand in your area.

If last months bankruptcy filing by Red Lobster has you thinking more about an emerging #restaurantfranchise vs. more mature #franchise brands - you're not alone! This week's article from Franchise Update Media, called "How To Assess Restaurant Franchise Risks in the Current Market" goes into depth about what to consider if you're serious about the #restaurantindustry. And, as always, we suggest you start your #FranchiseOpportunity discovery process with a visit to FranchiseMatch.com! https://lnkd.in/g4gtXTAv

Are you considering becoming a fast food restaurant franchise owner? If so, you’re probably getting ready to sign a franchise agreement. This is a huge commitment that can affect your life and your finances going forward. (You already know this, but it’s worth repeating.) Before you sign, Signal Connect has some tips for you to consider. #commercial #directv

The Franchise Times reached out to us to talk about our relatively new “conversion strategy” franchise sales initiative. Basically the idea is we incentivize restaurant owners of other concepts to convert their existing locations into a Nathan’s Famous. Check out the article on the link below if you’re interested in reading more. https://lnkd.in/eMPtfdyq

Running a franchise business like fast food is getting more expensive. McDonald’s recent decision to raise franchise royalty fees for the first time in decades highlights how the economics are changing for business owners who work with corporate brands. In McDonald’s case, the change from 4% to 5%, starting Jan. 1 brought the fast-food giant more in-line with other restaurant franchises, many of whom already charge royalty fees in the 5% to 6% range, said Kenny Rose, chief executive of franchise investing platform FranShares. Outside fast food, franchise royalty fees can be even higher, up to 12% or more based on the type of franchise business, according to the International Franchise Professionals Group, a membership-based organization. Here’s what franchisees need to know about the changing landscape: