Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Thursday, 18 April 2013

Franchise Takes the Cafe Concept on the Road

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by Jason Daley




Mike Ash, who had worked in restaurants since he was 15 and earned a degree in hospitality management, hoped to one day open his own eatery. But as the years went on and he managed various restaurants and cafeterias, Ash, now 35, figured he was unlikely to ever save enough money to open his own place.
Then, flipping through a Costco circular in 2010, he saw an ad for the BikeCaffe, a British franchise concept that had recently come to the U.S. The idea was as simple as the name--a mobile coffee shop mounted on a four-wheel cycle, complete with Astoria espresso machine, blender, pastry bin, refrigerator and sink.
Ash signed on as one of the first U.S. franchisees and began fueling up downtown St. Petersburg, Fla. Today you can find him on the corner of Fourth Street and Central Avenue--or sometimes, especially if it's extra hot or rainy, inside the BB&T bank building. On weekends Ash sets up his mobile java machine at festivals and events.
Eventually, Ash hopes to step back from the grinder. "I would love to own multiple carts and spend my time marketing them," he says. "But until then, I still enjoy it. It's a pretty awesome job."
He filled us in on what it's like to be the go-to guy for to-go coffee in downtown St. Pete.
Coffee from a bike? 
That can't be very good. The coffee is really, really good! It's all fair-trade organic tea and coffee, and I think we're the only place in downtown St. Pete that carries that. The biggest comment I get is, "You can't make all that stuff on your bike, can you?" Our menu is the same size as Starbucks'; we can make macchiatos, lattes, chai--everything. We also make smoothies.
All the drinks are made to order. It's a little slower than pouring drip coffee, but the quality is 10 times better.
How do you like making your own schedule?
It's kind of weird to start a business thinking you can work your own hours. But you end up working the same number of hours as before, usually more. At the same time, it's kind of cool that it's yours, and what you put into it, you get out of it. I'm always working. I get here at 6:20 a.m. to set up and leave around 4:30 p.m. I also work weekends, so at least 50 hours a week. In 16 months, I've missed only three days.
What's your biggest seller?
Lattes are always popular. People also like my seasonal drinks. I have a chalkboard and carry three or four specials per day. I usually create them myself, things like eggnog lattes, mocha peppermint hot chocolate or caramel toffee nut lattes. We have a lot of freedom to experiment.
Do you get a good workout riding the bike?
Well, the thing weighs about 400 pounds. I don't think I've ever ridden it more than half a mile at a time. It's geared super low, so if there are no hills or rough terrain, it's easy. You wouldn't win any races on it. Florida is pretty flat, so I'm lucky with that.
What's the biggest misconception about your BikeCaffe?
People assume I sell hot dogs. Every day someone comes up asking for one.


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The Hottest Sectors for Franchising

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by Tracy Stapp


As Entrepreneur's 2012 Franchise 500® illustrates, in spite of tough times, the franchise world continues to grow--and these are the industries that our research shows are leading the way. From hotels and hamburgers to kids and convenience stores, if you're interested in franchising, you're bound to find a business that appeals to you.
This list can be a great place to start your research, but it is not intended as an endorsement of any specific franchise or industry. Always do your due diligence to find the opportunity that's right for you. That means reading a company's FDD, consulting with professionals, such as an attorney and an accountant, and talking to existing franchisees.

Business Coaching/Consulting/Brokerage Services
Children's Enrichment Programs
Children's Fitness Programs
Identification Services
Children's Retail
Tutoring
Miscellaneous Children's Businesses
Convenience Stores
Fitness
Hamburgers
Hotels & Motels
Ice Cream & Frozen Desserts


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The Fastest Growing Franchises for 2013

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by Tracy Stapp


The list of fastest-growing companies from Entrepreneur's 2013 Franchise 500® offers a quick snapshot of the types of businesses with the highest rates of expansion.
Quick-service restaurants are often the first category people think of when it comes to franchising, and for good reason: They dominate the list of fastest-growing franchises, with 25 out of 106 entries. Particularly popular this year is the frozen-yogurt sector, with four companies ranking, and sandwiches, with six--including this year's No. 1 company, Subway.

But fast food is far from the only sector experiencing rapid growth. Ten senior-care companies made the ranking, including one of the youngest franchises on the list, FirstLight HomeCare (No. 46), which jumped into this already-crowded category in 2010 and has proved itself quickly. Commercial cleaning companies continue to thrive as well, thanks in large part to low startup costs. Eight janitorial franchises ranked, including three in the top 10: Jan-Pro Franchising, Vanguard Cleaning Systems and Anago Cleaning Systems.
The companies on this list are ranked based on growth in the number of open and operating U.S. and Canadian units from July 31, 2011, to July 31, 2012. (Ties are listed alphabetically.) In that time, these 106 companies racked up an impressive 9,945 new North American franchise units.
Keep in mind that rate of growth, while a positive sign, is far from the whole picture when it comes to determining whether a franchise opportunity is right for you. Always do your research--read the company's legal documents, consult with an attorney and an accountant and talk to franchisees--before investing in any business.



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Top 10 New Franchises

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by Tracy Stapp





The hottest franchising concepts right now are also the coolest. The first three spots on Entrepreneur's ranking of the top new franchises all go to businesses that specialize in frozen desserts: Kona Ice, Menchie's and Orange Leaf Frozen Yogurt.
But there's plenty of variety to be found farther down the list, with relatively recent concepts such as Lego-building classes (No. 5), high-school sports marketing (No. 46) and fitness for seniors (No. 58). What they have in common is their youth: All the companies on the list began franchising in the last five years.
Along with that requirement, the 75 companies on the following pages were ranked according to Entrepreneur's objective, quantifiable criteria, including financial strength and stability, growth rate and system size. Other factors considered in the ranking include startup costs, litigation, percentage of terminations and whether the company provides financing.
The list is not intended as an endorsement of any particular franchise. Always do your research before investing in any franchise, new or longstanding. Read the company's legal documents, consult with attorneys and accountants and talk to existing franchisees about their experiences.

Top 10 New Franchises for 2013

RANK
FRANCHISE NAME
STARTUP COSTS
1
Kona Ice
$103.7K - 119.1K
2
Menchie's
$300K - 320K
3
Orange Leaf Frozen Yogurt
$274.5K - 408.5K
4
ShelfGenie Franchise Systems LLC
$70.1K - 125.25K
5
Bricks 4 Kidz
$33.8K - 51.05K
6
Smashburger Franchising LLC
$317.5K - 789.5K
7
GameTruck Licensing LLC
$119.5K - 310.5K
8
Paul Davis Emergency Services
$40.78K - 147.82K
9
Signal 88 Security
$84.81K - 104.61K
10
Mac Tools
$87.74K - 206.23K

 


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