Are There Too Many Cooks In A Franchise System? What About Going Corporate? [Forbes]
Starbucks Corporation (SBUX)
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Source: Forbes
Are There Too Many Cooks In A Franchise System? What About Going Corporate? JUSTJUNK® CFO Andrea Bone speaking to some of our Franchisees and General Managers Mike Thorne If you’re an entrepreneur, you’ll inevitably get asked, “how are you going to expand your business?” Early on, the only way in which I could expand was through the franchising model. Expanding into new cities using a corporately-owned approach was simply too expensive, and banks were not willing to provide us with a loan. I and many other entrepreneurs chose to franchise as it’s the best way to share the risk and capital that is required to scale a brand nationally and internationally. Prospective franchise owners pay a franchise fee and ongoing royalties to licence the brand and use the proven business model and support services from the franchisor. The franchisor, in return, has the peace of mind knowing that when a franchisee has made the investment to open up a new franchise, they have a committed business part
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News
- Cramer's week ahead: Fed meeting and earnings from Apple, Amazon, Eli Lilly [CNBC]CNBC
- Starbucks Co. (NASDAQ: SBUX) had its price target lowered by analysts at Wedbush from $95.00 to $92.00. They now have a "neutral" rating on the stock.MarketBeat
- Starbucks, Workers United made 'significant progress' in this week's contract talks [MSNBC.com]MSNBC.com
- SpaceX asks Texas judge to block NLRB case over severance agreements [Reuters]Reuters
- Starbucks, Workers United made ‘significant progress' in this week's contract talks [CNBC]CNBC
SBUX
Earnings
- 1/30/24 - Miss
SBUX
Sec Filings
- 4/24/24 - Form 4
- 4/22/24 - Form 144
- 4/17/24 - Form 4
- SBUX's page on the SEC website