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Economy actually may open up opportunities
March 10, 2009
Pittsburgh Post-Gazette: Willingness to adapt is necessary to keep movement going in restaurant franchise growth during the recession. With restaurant industry traffic down and lenders pulling back on credit, a number of chains, including Wendy's, are slowing growth this year. Some brands will see that as an opportunity as competition lessens for prime locations and land owners are more willing to work with potential tenants.
Research indicates borrowing by all franchises could fall about 27 percent this year. But operators "with capital and courage" — or with developers helping out with financing — are taking advantage of the slow down and picking off those prime spots, said one franchise dealer.
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