Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Bennigan's bankruptcy fallout


We follow up our brief item on Bennigan’s bankruptcy from last week with a closer look at how franchisees will deal with the fallout. We also put together a slideshow of what happened to other franchises that went bankrupt.

For more on Bennigan’s, check out Don Sniegowksi’s story over at Blue Maumau, one of the best sources of franchising news on the Web. Sniegowski reports that Dallas turnaround firm CRG Partners has been eying the Bennigan’s brand.

I also want to highlight a comment left by Squeezebox on our first item:

This is a case of "franchise buyer beware"! You buy a franchise because the corporation promises to help you succeed. You sign a contract in which the corporation promises to do certain things for the franchisee in exchange for a cut of his profits. Before you buy a franchise, look at a sampling of restaurants in the chain (you select the sample, not the parent co.). Talk to the managers, staff, and customers. If you don't like what you see, run!

Solid advice. Franchising gives the impression of making business ownership easier, but ask Bennigan's franchisees this week if it really is. For more on buying a franchise, take a look at our special report from March.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus