Today's news for the franchise & small biz owner

Log In / Register | May 25, 2013

60 Percent of Small Businesses Close Soon after Hacked

Cyber attacks have increased a whopping 600 percent in the last year, according to a Fox Business report.

Protecting Your Business from a Cyber Attack

Could your business website be hacked? Of course! Here are tips to minimize the possibility.

Retravision Franchisee Supply Co-Op In Administration

KordaMentha Australia has been appointed as administrator of Retravision Southern Ltd, the network’s central buying cooperative, amidst reports that creditors are owed $30M.  

Australian Franchise Mergers and Acquisitions

Australian franchise mergers and acquisitions have been occurring for decades but with an evolving franchising culture, tighter margins, a highly competitive market and continuing low investor confidence, the need for franchise expansion can be expected to ramp up the incidence of mergers and acquisitions.  

One of Valvoline's Largest Instant Oil Change Franchises Files Chapter 11

A Valvoline Oil & Lube shop in KentuckyOne of Valvoline's largest instant oil change franchises, Great Lakes Quick Lube LLP, is filing bankruptcy after the franchisee has struggled to make profits since starting the business in 2004.

KFC Franchisee Bankruptcy Auction Outcome, Store level Sales, Profit Values Seen

110 US KFC units of Kazi Foods (NY, NJ, FL, MD, MI) have been sold at auction, for $56.2 in total consideration, primarily via debt assumption. Cash proceeds were only $2.8M.

Spicy Pickle on Death Bed

Spicy Pickle Franchising, Inc is in a pickle. The company that sells franchise licenses and manages the Spicy Pickle fast casual chain, defaulted on a $4.8M loan.

Dippin Dots in Bankruptcy

On November 1, the franchisor's Board of Directors voted to file bankruptcy.

Kingship, Oligarchy or Republic at Alphagraphics?

I am hearing strange stirrings at quick-print chain Alphagraphics. The U.K. holding company of Salt Lake City-based Alphagraphics is beyond bankruptcy.

Ben & Jerry’s Opens in Aus

Ben & Jerry'sThe US ice-cream chain Ben & Jerry's has announced its entrance to the Australian market with claims it has adapted its business model to avoid the failures of other US companies such as Krispy Kreme, Baskin Robbins, Starbucks, Midas, Quiznos, Borders, etc etc.