Franchise Times Magazine

Franchise Times is a specialized magazine that focuses on the franchise industry, but its readers often say it's more than just a typical trade publication. Published ten times a year, the magazine features expert columns, thorough analyses, investigative reports, and a variety of articles aimed at helping franchisors, multi-unit franchisees, and suppliers enhance their operations. In addition to serious topics, it also offers lighter content, including profiles and stories about the individuals and companies that thrive in various sectors using the franchise model to expand their businesses. Located in Minneapolis, Franchise Times was acquired from Crain Communications in Chicago in 1998. The first issue under the new ownership of Restaurant Finance Corporation came out in 1999. The parent company has now rebranded itself as Franchise Times Corp.

National, Trade/B2B

English

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Global

#758975

United States

#208409

News and Media

#6693

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Articles

Crumbl AUVs Up Again After 2023's First-Ever Decline

2 days ago | franchisetimes.com | Emilee Wentland

Crumbl’s average sales are up again after a slight decline in 2023—but it’s still down from 2022’s numbers. According to its franchise disclosure document released last week, Crumbl’s average unit volume among 858 locations was $1.35 million in 2024. About 45 percent of stores met or exceed the AUV. The year prior, AUV was $1.16 million, down from 2022’s $1.8 million. Crumbl's reported its first-ever AUV decline last year for 2023.
Major Crunch Franchisee Buys 24 Hour Fitness Units to Grow in Florida

3 days ago | franchisetimes.com | Laura Michaels

CR Fitness Holdings, already the largest Crunch Fitness franchisee, will convert several 24 Hour Fitness locations in Orlando and Miami. The group’s CEO, Tony Scrimale, says CR Fitness is “just getting started,” and expects to open at least a dozen more clubs this year. In Tony Scrimale’s view, it’s better to take a competitor out of a territory whenever possible rather than fight for market share.
Massachusetts Attorney General Cites 3 Franchisees for Child Labor Violations

3 days ago | franchisetimes.com | Emilee Wentland

The state of Massachusetts reached a settlement with three franchisees for violating the state’s child labor laws. Massachusetts Attorney General Andrea Joy Campbell announced the state cited Cafua Management Company, a Dunkin’ franchisee; The Brewster Company, a McDonald’s franchisee; and Knight Food Service, a Subway franchisee. The citations total $226,385 in fines for the franchisees.
Workout Anytime’s Largest Franchisee Buys the 200-Unit Brand

6 days ago | franchisetimes.com | Laura Michaels

In a deal that includes two private equity firms as minority owners, franchisee Jerry Pugh acquired Workout Anytime from its founders and moved into the CEO role. He sees ample opportunity to further establish the 24/7 gym concept as a strong regional brand in the Southeast, in part by attracting multi-brand franchisees.
New Development Model Brings Avendelle Assisted Living to Pittsburgh

1 week ago | franchisetimes.com | Matthew Liedke

The next phase of franchise growth for Avendelle Assisted Living is coming via a partnership with a development firm that will own the building and lease it to new owners. Avendelle’s COO says the approach will help make the franchise investment feasible for more operators. As it aims to grow beyond its 20-unit footprint in Florida and North Carolina, Avendelle Assisted Living is incorporating a new strategy for expansion.
75-Unit Burger King Franchisee Files Chapter 11

1 week ago | franchisetimes.com | Emilee Wentland

A 75-unit Burger King franchisee filed for bankruptcy in Florida April 14. Consolidated Burger Holdings listed between $50 million and $100 million in assets and liabilities. Its estimated number of creditors ranges from 200 to 999. The reason for filing was not given in court documents. The Chapter 11 filing comes more than a year after Consolidated Burger Holdings sued the franchisor for breaching a remodeling contract and franchise agreements to oust the company from the system in 2023.
TCU Students Make the Grade as Jimmy John’s Franchisees

1 week ago | franchisetimes.com | Joe Halpern

Texas Christian University seniors Nate Meyer and Ty Vansteenburg could hardly wait to start their franchise careers and become restaurant owners. With a semester to go before graduating from TCU’s Neeley School of Business and motivated by a franchising class taught by Unleashed Brands CEO Michael Browning, Meyer and Vansteenburg acquired an existing Jimmy John’s location adjacent to the Fort Worth, Texas, campus at the start of the year.
TPG Sells Crunch Fitness to Leonard Green & Partners

1 week ago | franchisetimes.com | Laura Michaels

Crunch, which since 2019 more than doubled its unit count to 500-plus gyms, joins a franchise investment portfolio at Leonard Green & Partners that includes Vital Care Infusion and Zaxby’s. Crunch CEO Jim Rowley says more than 90 locations are set to open this year with the new Crunch 3.0 design. Crunch Fitness is poised to go through what its CEO said is the largest growth cycle in the brand’s history, and it has a new private equity owner in its corner.
Crust Pizza Co. Sets Longterm Goal of 250 Units

1 week ago | franchisetimes.com | Emilee Wentland

While working in the restaurant industry during her college days, Kim Juda made a goal to open her own restaurant one day. But she decided the right first step was working with an established restaurant company to get the lay of the land. “I really liked the food industry.
Frandata Touts Registry as Consistent Source Amid Possible Changes at SBA

1 week ago | franchisetimes.com | Matthew Liedke

With a changing SBA under a different administration and the ever-present importance of access to capital for franchisees, research firm Frandata is reminding brands to make a concerted effort to provide valuable insight to lenders via its registry. Franchising research firm Frandata established its Franchise Registry nearly 30 years ago, and with an evolving lending landscape, it provides another option for franchisors to validate themselves to lenders.