The concepts are in more than 70 locations combined. In only five weeks after announcing their ghost kitchen partnership with NBA superstars and entrepreneurs Dwyane Wade and Udonis Haslem, Combo Kitchen has expanded both the D. Wade Burgers and UD Wings concepts to over 70 locations, combined. The two unique brands are scheduled to launch in more than 15 states and 30 cities by year end, including: Chicago, IL; Miami, Fort Lauderdale, and Pembroke Pines, Fla.; Brooklyn, NY; Phoenix, AZ; Grand Rapids, MI; Portland, OR; Minneapolis, MN; and multiple cities throughout the state of California ..read more

By Matthew Arrojas  –  Reporter, South Florida Business Journal May 11, 2021, 4:35pm EDT Entrepreneurs eager to expand their businesses through franchise agreements won’t necessarily have an easier path to opening new locations. Ask Steve Smith, founder and owner of Vegan Fine Foods in Fort Lauderdale. Since he launched his franchise in 2019, he’s learned first hand how time-consuming negotiating deals with potential franchisees can be. “It’s hard to turn interest into deals,” Smith said. “That takes time and energy.” However, the payoff can be exponential. For i ..read more

Starting your own restaurant from scratch is one of the most difficult accomplishments one can achieve. The only thing more difficult is staying in business. With one out of four businesses staying open after a five-year span, it’s no mystery as to why franchising is more appealing towards entrepreneurs, with a 92% survival rate over that same span. Why is this the case? The majority of these business owners aren’t equipped or prepared to tackle the common obstacles faced by entrepreneurs everywhere. When you franchise a business, you’re investing in a proven business model that has been refin ..read more

Franchising is considered one of the most successful business models in the world, thanks to its efficiency. It’s the reason why concepts like McDonald’s, Subway, 7-Eleven, and Planet Fitness surged into prominence and became titans of their respective industries. However, with so many franchised businesses in existence, one must ask: “When did franchising begin?” The answer to that isn’t clearly defined, but historians have traced the practice of franchising back to the Middle Ages!   Franchising Before The 1800s It’s hard to believe, but franchising became a concept for the economy back ..read more

Developing your business into a franchise is a monumental decision that can open many opportunities with potential to start a journey in generating substantial wealth. However, if it were easy to franchise a business, then every business would be a franchise! That’s why it’s important to identify several aspects of your business that will indicate if your business is primed to undergo franchise development. Let’s explore the several questions you should ask yourself before making the decision to franchise.   Is Your Business Successful? The definition of success varies greatly from one en ..read more

No one expected living through a global pandemic. Since mid-March, the world began taking precautions to reduce the spread of the coronavirus, primarily with social distancing and the shutdowns of many industries. This has resulted in the temporary and permanent closures of hundreds of businesses across the nation, especially those that were started from scratch. Let’s explore how several aspects of the franchise industry have been affected.   Franchise Creator Still Operating Despite the numerous downturns of the economy from COVID-19, the franchising industry is till booming. At Franchi ..read more

Specialty Retail Magazine, Fall 2006 issue Hot Franchises By Marcia Layton Turner Buying into a franchise offers specialty retailers the opportunity to be relatively independent business owners backed by the support and expertise of an established business. The biggest downsides of a franchise are the up-front investment required and (in most cases) the ongoing royalty payments made to the franchisor. However, those negatives are offset by the greater chance of retail success with an established franchise than a made-from-scratch start-up. There are currently an estimated 760,000 franchised sm ..read more

Since the states of Washington and Colorado legalized marijuana for recreational and medicinal consumption back in 2012, experts watched as a brand-new industry sprouted into the economy, brimming with potential to be one of the most lucrative in existence. Eight years later, more states have followed through with legalization, resulting in hundreds of dispensaries opening to break ground in this industry. With competition between dispensaries and other marijuana concepts rising, franchising within this industry is experiencing a strong surge because everyone wants to become the nationally-rec ..read more

Miami, FL. July 2020 – The global pandemic caused by the novel coronavirus has irreversibly impacted restaurants around the world. Fortunately, advancements in technology allowed restaurants to incorporate delivery or curbside pickup business models through online ordering apps such as UberEats, GrubHub, and DoorDash. Restauranteurs everywhere recognized the changing market, resulting in the emergence of ghost kitchens. Ghost kitchens are professional food prep and kitchen facilities that prepare food from multiple different restaurant concepts to provide delivery and to-go orders only.   ..read more

Weston, FL. February 2020 – With ongoing, technological advancements in the medical industry, concepts are racing to the forefront of the competition with innovative procedures. This couldn’t be truer for 4Ever Young, an anti-aging med spa that specializes in preventative health care. Their vast menu of procedures garnered them insurmountable success, leading them to franchise their concept and expand at an exponential rate to meet the growing demand of people looking for revolutionary anti-aging solutions.   4Ever Young Co-founder, Carlton Washington, was researching cost-effective metho ..read more