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These regional franchises are known as master franchises, and are responsible for opening new restaurants, licensing new third party operators, and performing standards oversight of all restaurant locations in these countries; one of the larger examples of a master franchise is Hungry Jack's, which oversees over 300 restaurants in Australia.
BJ’s Restaurants’ total revenues for fiscal third quarter 2024 increased 2.2% to $325.7 million, with comparable restaurant sales up 1.7% and restaurant operating weeks rising 0.2%.
Franchise Franchising is the practice of using another firm's successful business model. For the franchisor, the franchise is an alternative to building 'chain stores' to distribute goods and avoid investment and liability over a chain. The franchisor's success is the success of the franchisees.
In 1932, Howard Deering Johnson established the first modern restaurant franchise based on his successful Quincy, Massachusetts Howard Johnson's restaurant founded in the late 1920s. [ 61 ] [ 62 ] The idea was to let independent operators use the same name, food, supplies, logo and even building design in exchange for a fee.
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It was the fastest-growing franchise in the world in 2015 [11] and, as of September 2023, has over 37,000 locations in more than 100 countries and territories. More than half its locations (21,796 or 58.1%) are in the United States. [3] [12] [13] It is the largest single-brand restaurant chain and the largest restaurant operator in the world.
Health care, other causes. She co-led efforts along with the late Billie Jean Lampson to build the Tri-Cities Cancer Center, according to her nomination for Kennewick Woman of the Year.
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