The record attendance at the International Franchise Expo earlier this summer is a sign of optimism in the overall U.S. economy, according to SBA Administrator Linda McMahon. McMahon said that the visitors represent "a sure sign of the entrepreneurial spirit that is thriving in America right now." When that many people are interested in starting their own business through franchising, she continued, "it's a sign that they not only are confident in themselves, but they are confident in the economy and this country's small business environment." The Expo, which is produced by MFV Expositions and sponsored by IFA with assistance from the U.S. Department of Commerce/U.S. Commercial Service, gave aspiring entrepreneurs the opportunity to talk with more than 400 franchise brands and learn more about franchising with 70 seminars and 10 workshops.
McMahon, the former CEO of World Wrestling Entertainment who was appointed to President Donald Trump's cabinet as head of the Small Business Administration in February 2017, noted that now is a "terrific time for entrepreneurship." Surveys done by various groups, including the U.S. Chamber of Commerce, CNBC, the National Federation of Independent Businesses, and the National Association of Manufacturers, report high levels of optimism. "From my perspective, there's no better signal of small business optimism than entrepreneurs willing to take a risk by seeking funding," McMahon said.
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Mountain Mike's Pizza has signed a development agreement covering more than 40 locations in Southern California. The first new location opened in Moreno Valley in late July. A group led by Robby Basati, a Mountain Mike's multi-unit franchisee who currently owns six restaurants in California, plans to develop more than 40 units over the next decade, primarily in Riverside County and San Bernardino County.
sweetFrog Frozen Yogurt is adding two new locations in Reno, Nev. Existing sweetFrog franchisees Larry Copponi and Gary Ricco will operate the locations, which were previously owned by U-Swirl.
Charlotte, N.C-based Driven Brands quick-service franchise Take 5 Oil Change is expanding to locations in the Southeastern U.S., including two recent openings in the Carolinas. The brand is currently in 17 states, and intends to expand in Alabama, Arkansas, Florida, Georgia, Mississippi, Oklahoma, Tennessee, Texas and Virginia.
Payroll Vault Franchising is opening a new location in...