Orangetheory’s Largest Franchisee Faces Bankruptcy
Dec 10, 2024 · “Honors was a company that was heavily impacted by COVID. After that, a private equity firm contributed additional equity to Honors to help them navigate the pandemic and to further execute on its growth strategy in the face of a weak market,” said WhiteHorse Finance CEO Stuart Aronson during the company’s second quarter earnings call, according to a transcript by financial services site ...
Large Bankrupt Pizza Hut Franchisee to Sell All Remaining …
Sep 25, 2024 · EYM Pizza, the Pizza Hut franchisee that filed for bankruptcy this summer amid a dispute with the franchisor, is selling its remaining restaurants in five states.. The sale of EYM Pizza’s 127 stores is part of a financial restructuring for the company, which is under multi-brand operator EYM Group.
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Where Are They Now? Brand Refresh Launches Famous Toastery …
Dec 6, 2024 · The refresh targeted all aspects of Famous Toastery, starting with brand design. A modernized logo emphasizes the brand’s unique “Toastery” phrase and comprises oranges and teals meant to associate the breakfast concept with sunrise and daylight.
Orangetheory, Anytime Fitness Parent Complete Massive Merger
Apr 3, 2024 · Orangetheory CEO Dave Long, who co-founded the high-intensity interval training concept in 2010, helped it grow to more than 1,500 locations in the United States and 24 countries.
Complex Case Results In Bankruptcy for Applebee’s Franchisee
Oct 18, 2024 · The attorney for the Applebee’s franchisee who filed for Chapter 11 bankruptcy protection in Southern Florida District Court this month is wondering why it even got to this point after “a viable” option to transfer ownership of the troubled restaurants was rejected by the casual dining franchisor.
Former Franchisees Sue Dickey’s for Alleged Fraud
Oct 17, 2024 · “Dickey’s is unconcerned with the failure of its initial franchisees like Unsworth and Kolbach,” the suit stated. “Its modus operandi is to fraudulently induce investors to open new franchises, (typically at a cost of $800,000.00 to one million dollars), and when the revenues cannot sustain the debt incurred and the original franchisee inevitably fails, Dickey’s controls the ...
Applebee’s Remains Bullish After Tough 2024
Dec 20, 2024 · Some franchisees filed for bankruptcy, including Apple Central KC in Kansas City and Louisiana Apple, with restaurants in Kentucky, Oklahoma, Indiana and Arkansas.Fellow casual dining player TGI Fridays, meanwhile, filed for Chapter 11 bankruptcy protection in November. “We understand we have work to do and that we’ve underperformed a little bit in 2024,” Applebee’s President Tony ...
Top-restaurant-franchises | franchisetimes.com
Better Burger Franchises. Segment sales of $3.6 billion. In a better burger segment that’s constantly working to attract customers willing to pay a bit more than they would at their fast-food counterparts, total sales growth slowed slightly in 2023 to …
NY’s Largest Tim Hortons Operator Buys 10 Existing Stores
Dec 23, 2024 · David Beaton grew the majority of his Tim Hortons business by building new locations in western New York. He’s switched gears now by acquiring 10 existing units, bringing his portfolio to 47 Tim Hortons locations, a number that makes him the largest Tim Hortons franchisee in New York.