(1) Who is then paying for expansion, or for commodities;
McDonald's (MCD) has made franchisee owner/operator cash flow (EBITDA) narrative in several recent calls, and DPZ did once.
Here are six factors that could be asked by the sell-side community and reported by companies to improve investor disclosure:
Disclosure: When I originally wrote this almost 2.5 years ago this was true: "I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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Fantastic short checklist for buyers of franchise companies.
I have some friends who would have liked to start with John's list.
John, should anyone "fear" DineEquity?
http://www.thestreet.com/story/12938635/1/should-burger-king-and-mcdonalds-fear-buffalo-wild-wings-and-dineequity.html
I don't think so.