The pandemic has created challenges in nearly every facet of the franchise business model, franchises sales and operations, with historic precedent.
With fewer than five months remaining in the year, all Franchisors need to be thinking about how best to convey their Franchise Performance Representation (ITEM 19), and financial statements (given impact on royalties) as many franchisors won’t have a full-year of operation to report or will have operated with limited capacity.
Our recorded webinar will help franchisors understand what they need to know and do now with their FDD’s. The panel session will featured a leading Franchise Attorney, a Franchisor who is helping to lead their fast-casual system to record franchise sales during the pandemic, and a software product manager who will share new advances in FDD technology. Collectively, their perspectives on the power of your FDD and pragmatic changes in what, how, and when to disclose will help you greatly.
Attendees learned how to:
About The Presenters
Brian Schnell, Faegre Drinker Biddle & Reath
Brian Schnell leads the Faegre Drinker Biddle & Reath franchise practice and has devoted more than 30 years to finding practical and creative solutions for clients. He counsels both emerging and mature franchisors in a variety of industries on all aspects of their franchise programs. He is well known for his passion and commitment to making a difference for clients.
As the first male to receive the IFA Women’s Franchise Committee Crystal Compass in 2009 based on his leadership in franchising, he is recognized nationally as a leading franchise lawyer and is a frequent speaker and author on franchising topics. His many professional accolades include: International Who’s Who of Franchise Lawyers (including being named a Global Thought Leader in 2020), The Best Lawyers in America, Chambers USA, Chambers Global, and he has been recognized as a Franchise Times’ Legal Eagle.
David Bloom, Chief Operating and Development Officer, Capriotti's Subs
David Bloom serves as the Chief Operating and Development Officer for Capriotti’s Subs, a high growth sandwich brand based in Las Vegas, Nevada. David’s background includes a long history of strategically accelerating sustainable brand expansion and operational excellence on a consistent basis, in a wide variety of industries and environments on a global basis. David’s early career in the franchise industry began as a multi-unit franchisee and included such milestones as serving as SVP of Brand Expansion for Quiznos, growing it from a small regional brand to opening over 5,000 locations in 28 countries. Subsequent senior roles included the rapid growth of numerous enterprises including; Clockwork Home Services with system wide revenues in excess of $2.5 billion, Bridge International Academies based in Nairobi, Kenya, now the fastest growing education company in the world, Famous Brands International with approximately 900 franchised locations in over 30 countries and as President of Office Evolution, a high growth franchise model in the shared work space sector. In his current role as Chief Development and Operating Officer for Capriotti’s Sandwich Shop, David is responsible for all aspects of franchise development along with franchise and company owned operations for the rapidly growing Las Vegas based brand. Capriotti's is widely recognized as an extraordinary, high growth, fast casual restaurant brand whose franchisees earn exceptional returns by selling the best, highest quality food in the category.
Keith Gerson, CFE, President of Franchise Ops, FranConnect
Keith Gerson brings 40+ years of executive level expertise as a passionate and driven Franchisor and Franchisee with a proven track-record in building rapid-growth, and highly profitable franchise organizations. Over the last eight years, Keith has served as President and Chief Customer Advocate for FranConnect where he has been able to work closely with many Executive Boards and Leadership Teams that are part of FranConnect’s portfolio of 800+ brands and 148,00 locations. His focus is on helping franchisors to get to their desired future state in sales, operations, communications, and engagement. Recognized in franchising circles for his extensive leadership experience, and ability to drive execution, Keith is a highly-rated keynote speaker and has had the rare opportunity to have created several leading franchise systems from their very conception through launch and sustained growth taking these systems from micro-emerging status to that of successful enterprise level brands.
Celine Heckel-Jones, FranConnect
Celine has 6+ years of product management experience. She has been a Product Manager with FranConnect for 1.5 years. She enjoys talking with customers, design, and solving the larger over-arching problems. She sees her role as a PM a little bit like detective work – but the largest challenge being actually understanding what the problem is in the first place in order to help develop a long term solution.
FranConnect is the leading franchise management software provider. Its FranConnect platform engages stakeholders to grow, scale and optimize franchise systems through a connected and complete view of the business from sales to multi-unit and multi-brand performance. Over 800 brands in 18 countries — including 40 of the Entrepreneur’s Top 100 Global Franchises -- count on FranConnect to run their franchise systems. FranConnect customers span all sizes, growth phases, and industries and they grow 44% faster on average than the broader franchising market. Backed by private-equity investor Serent Capital, FranConnect is headquartered in Herndon, Virginia, with global follow-the-sun operations. For more information on FranConnect, visit: www.franconnect.com.