Resources

Governors, along with state agencies and legislators across the country are leading the charge against the COVID-19 pandemic. At the time of this letter, the majority of states have closed non-essential businesses. To ensure that franchisees are able to recover from the unprecedented economic burden created by COVID-19, the International Franchise Association urges states to implement an emergency forbearance and rent abatement program.

It would be difficult to find any person or business that has not been affected by COVID-19. Over the last few months, most states have issued “stay at home,” “shelter-in-place,” and other similar orders. Businesses all over the country have ceased operating. Many others that have remained opened have experienced a substantial decrease in their business volume. Americans have filed for employment in record numbers. Franchise systems are no exception and have faced closures, layoffs and a myriad of other issues.

The team at  Taco John’s is committed to giving back to the communities they serve – that statement holds true now more than ever. Throughout the current crisis, the brand has never slowed or stopped their efforts - instead pushing forward more than ever to lend a hand wherever possible.

Q: How Does Franchising Work?

A: Franchising is an arrangement where a name brand company grants a local entrepreneur the right to use its business name, trademarks, and processes to produce and market a good or service. The business owner usually pays a one-time fee and a percentage of sales revenue as royalty. Typically, the brand provides national advertising and support, while the independent owner is responsible for day-to-day operations of the business, including hiring and scheduling employees.

As we navigate the new normal of franchising, we all have a lot of questions. When will this end? How do we continue to grow? What does this mean for my business? There’s still a lot of uncertainty, but it’s time to think about the future and the success that could come, post-COVID.

The Pet Industry in COVID-19

Over the past few weeks, there have been headlines across the nation celebrating how animal shelters are being completely cleared out.

At Blo Blow Dry Bar of Rocklin, California, we are taking care of those who take care of us.

For a limited time, when you purchase of a gift valued at $50+ from Blo Rocklin, we will donate a blow out to a local healthcare worker at Sutter Roseville Medical Center. Our gift cards never expire, so purchase now to use when we reopen our doors. 

IFA urges the SBA to issue final guidance that clarifies and maximizes franchise eligibility in the Paycheck Protection Program (PPP), as in line with Congressional intent.

Borrower fact sheet for the Payment Protection Program (PPP).

I have never been prouder to be part of franchising than I am now. Since the Coronavirus hit, we have seen our industry rally. The motto “in business for yourself, but not by yourself” rings true. We have been standing together, sharing best practices, and encouraging each other to keep going.