Michigan-based restaurant company Meritage Hospitality Group is buying 57 Wendy's locations in the eastern and midwestern US in a move that is expected to be completed in the first quarter of 2018. The locations are expected to generate more than $100 million in annual sales.
Fitness clubs are growing in Central Florida and around the country, and value-oriented models such as Planet Fitness are helping to drive the trend. Charging relatively modest monthly fees is helping to bring in a new wave of customers, said Retro Fitness CEO Eric Casaburi.
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More of today's business travelers want to work in a communal area, avoiding the isolation of working in their room, and hotels are responding. Crowne Plaza, for example, is investing $200 million in its Worklife guestrooms and Plaza Workspaces concepts.
Planet Fitness is focusing on building out its digital infrastructure as it looks to change how it connects and interacts with customers, Craig Miller, chief digital and information officer, said. Miller wants to learn about how people work out -- and why they stop -- to address customer churn.
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News from IFA
Check out these stars in Phoenix at #IFA2018
Come see Daymond John and Rohan Oza at IFA's 2018 Convention, Feb. 10-13 in Phoenix. Hollywood's Brandfather, Oza is the keynote speaker for the Opening General Session on Feb. 11. Shark Tank star Daymond John will serve as a guest judge for the IFA Foundation's NextGen in Franchising Competition on Tuesday, Feb. 13. Register now!
Book your spot for CFE Special Sessions
The Institute of Certified Franchise Executives (ICFE) Special Sessions are designed to enhance your understanding of franchising and provide the tools needed for success. The sessions at IFA's 2018 Annual Convention take place Friday, Feb. 9 and Saturday, Feb. 10 in Phoenix. Sign up today!
GNC franchisees form Independent Operators Association
A group of GNC franchisees have formed the National Independent Operators Association, with a purpose of encouraging communication and franchise relations among the franchisor and its franchisees. Find out more.
Unique Ventures - Sale of 28 Perkins Restaurants Unique Ventures Group LLC announces the sale of substantially all of its assets, including 28 Perkins® Restaurant & Bakery franchisees in Pennsylvania, Ohio, and New York. Bids are due on January 4, 2018 at 12 p.m. Contact Scott Opincar at email@example.com for more information.
Advocates are pressing for changes to a provision in the Senate tax bill that could limit the ability of midsize restaurant franchisors structured as pass-through entities to claim a deduction. "The companies that this really impacts are franchisors that have 75 or more locations and are pass-throughs," said IFA's Matt Haller.
Lawmakers should move quickly to pass a final version of the tax bill, because it will provide needed relief and stimulate the economy, write Christine Harbin of Americans for Prosperity and Alex Hendrie of Americans for Tax Reform. "After years of talking about it, Congress has the opportunity to give the best end-of-the-year Christmas gift of all -- tax relief for families of every income level and for businesses large and small," they write.