The Franchise Owner's most trusted news source

Log In / Register | Apr 17, 2014

New Look at Sbarro's Chapter 11 Bankruptcy

sbarro in NYC
Sbarro in downtown New York City. Photo by ps

For the second time since 2011, Sbarro has filed for Chapter 11 bankruptcy.

Struggling Brands Include Sbarro, Quiznos, Radio Shack

Sbarro PWS4607 Seven brands that were once the “darlings of malls and shoppers” are now struggling financially and closing stores.

Buying a Franchise: Is Your Only “Plan B” Bankruptcy?

People get married believing they will remain married and happy the rest of their lives. Over 50% of marriages end in divorce; a higher percentage “fail”.

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.