Franchises Keep Buying Up Other Franchises. Here's Why the Big Are Getting Bigger.
Major acquisitions. Consolidations. Conglomerates. What's going on in franchising? The answer says a lot about where the industry is heading-and what growth means going forward
Eric Monroe had decided: He would not expand his business. He was fed up.
Monroe owned a Martinizing Dry Cleaning franchise in Fort Worth, Texas, which was supposed to free him from the frustrations of being an employee. He previously worked in corporate regional sales, but in 2017 he decided to make the switch to franchise ownership. He knew he’d need lots of support, which Martinizing promised. After a short honeymoon, though, that support stopped. “The only person I consistently heard from was the lady who collected my weekly franchise royalty,” Monroe says. But this past April, that all changed — because Martinizing and several of its sister companies were bought by a competitor.
Continue reading this article -- and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!
3 months free with code ZENDESK
Presented by zendesk
