For years, Lorraine Pater had her eyes on the prize - making partner at KPMG, one of the Big Four accounting firms. She had interned at the company for two summers in college and joined its ranks of auditors right after graduating. She recalls spending one New Year's Eve doing an inventory audit of diamonds - counting them, measuring them and looking at their color and clarity to ensure they passed inspection.
Duck Donuts opened its Walnut Creek shop in early February at 2920 North Main St. That would be south of a Donut King and east of an Allstar Donuts, for Californians who navigate best with fried treats. It is the company's first Bay Area location, which are rare in the state; there are only three others, all located in the L.A. area.
"So my strategy was, I'm going to put a Gong Cha - the first five stores - next to Starbucks," Berry told CNBC. "And if I can get one in a hundred people who are going into Starbucks to come and try a Gong Cha, then I've got a business."
Despite naming his chain with a heavy dose of innuendo, he and his partners intended it as a beachside dining spot for young people and families. "It started as a place five miles from the beach," Kiefer, now the CEO of Hooters Inc., told Fortune. "You came in from the beach, could throw some coveralls on, shorts...and it was a hangout." But recently, the restaurant chain known more for its scantily clad servers than perhaps its wings and beer, strayed too far from its roots,
When people joke about a chain having a store on every corner, the butt of the joke is usually Starbucks or McDonald's, but neither one is actually the country's largest chain restaurant. Of those two, Starbucks is the bigger one, having almost 17,000 stores in the U.S. at the end of 2024.
In this episode, I chat with Marc Brown, a dynamic attorney and Big Dave's Cheesesteaks franchise owner. Marc opens up about his non-linear career path from Biglaw to founding his own successful firm, sharing insights on the fulfilling shift to plaintiff's work and the challenges of running a business. Aspiring lawyers and entrepreneurs alike will find inspiration in Marc's journey of pursuing passion over convention and learning to balance career and life. Tune in for a mix of legal wisdom and the secret to a perfect cheesesteak!
Before there was the Big Mac from McDonald's or the Double Baconator from Wendy's, there was the Big Boy. A burger with three buns, two patties, cheese, and all the fixings was invented by Bob Wian in Glendale, California, in 1937. Wian started selling Big Boys at his restaurant, and it grew into such a success that it spun his restaurant into something entirely different, plus several licensed franchises around the country, many of which are still in operation today.
The brand has gone through a handful of changes over the years, including being bought out for 10.2 million and filing for bankruptcy. When Max & Erma's first started, the focus was on fun. Telephones were set onto tables for customers to make phone calls across the restaurant while waiting for burgers to arrive. Patties made with 10 ounces of fresh beef quickly won over hearts and stomachs, and the chain ballooned.
It's not enough to have a great business idea that you think can be scaled up and replicated as a franchise. Your great idea must be a proven success, with a track record spanning at least a year. The whole idea of buying a franchise is that the company has figured things out and made most of the mistakes already, so you don't have to.
Tony Lamb is the founder and CEO of Kona Ice, the mobile shaved ice franchise (ranked #30 on the 2025 Franchise 500) known for its tropical trucks, kid-friendly Flavorwave station and deep community involvement. Lamb started out in sales, then launched Kona Ice in 2007, initially as a side hustle to teach his kids about business. He felt the ice cream truck model was outdated, often associated with poor quality and unreliable operators.
Alina Siert, a mom of three and a former tech professional, claims that after investing in Get Spiffy, a mobile car care franchise, she faced significant business failures due to misrepresentations.
The automotive industry continues to evolve, driven by innovation, convenience and consumer demand for faster, more efficient service. In 2025, the top-performing automotive franchises aren't just changing oil or replacing tires - they're streamlining operations, leveraging mobile platforms and building strong brand loyalty.
Panera Bread requires developers to commit to opening approximately 15 cafés in six years, reflecting an aggressive schedule demanding substantial financial and operational commitment.
