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Starbucks Brings Baking To (Some Of) Its Stores

Global coffee company Starbucks has invested in an Italian bakery chain, which will see the famous brand embrace in-store baking for the first time ever.

GG van Rooyen

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It was recently announced that Starbucks has invested in a highly-respected Italian bakery chain called Princi.

The brand was created by Italian Rocco Princi in 1986 as a chain of bakeries that offers premium baked goods. Princi boasts five stores at present, including one in London.

“As a young man, I dreamed of the opportunity to bring traditional Italian baking to customers in my country, but when I opened our location in London, I realised how much we could also offer an international clientele,” says Princi.

Princi will now have a chance to reach far more international customers. Starbucks, as part of an investment team that includes Milan-based Angel Lab and Pekepan Investments, will assist Princi in opening up more stores.

Related: Starbucks Coffee Is All About Culture… For A Reason

Importantly, though, Starbucks also plans on employ Princi to bring baking to Starbucks stores for the first time. The company will be opening two high-end Starbucks Reserve Roastery and Tasting Rooms in Shanghai and New York in 2017/2018.

According to Starbucks, “these immersive coffee experiences bring to life Starbucks line of premium, small-lot Reserve coffees in a retail space that allows the roasting, brewing and craft of coffee to take center stage.” Through Princi the stores will also offer baked goods created in-store.

“We have never baked in our stores in 45 years. But all of that will change with the creation of this unique partnership,” says Starbucks CEO Howard Schultz.

Princi-italian-bread“Rocco and his team at Princi possess a passion for handcrafted food and artisanal baked goods that mirrors how I feel about our coffee. The attention to detail, the care invested in selecting the ingredients and the artistry of preparation is second only to the service Rocco offers customers inside his Princi stores. I can think of no better pairing for our most premium coffee experience and am excited by the possibilities we envision in Princi food elevating every daypart – breakfast, lunch, and dinner – in Starbucks Roasteries and Reserve Stores.”

Related: Starbucks To Open Locally In April

“As a young man, I dreamed of the opportunity to bring traditional Italian baking to customers in my country but when I opened our location in London, I realised how much we could also offer an international clientele,” says Rocco Princi. “I have long admired Starbucks, the values Howard has imbedded into his organisation and we are honoured to be a part of bringing to life an entirely new retail environment with the Roasteries.”

To watch the video on the new partnership – visit the Starbucks website here.

GG van Rooyen is the deputy editor for Entrepreneur Magazine South Africa. Follow him on Twitter.

Franchise News

Minuteman Press International Climbs Franchise Direct 2018 Top 100 Global Franchises List

The Minuteman Press Franchise Jumps 34 Spots to #51 and is the First Printing and Signs Franchise Listed.

Entrepreneur

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Minuteman Press International Franchise Direct 2018 Top 100

Minuteman Press International, the world’s leading design, printing, and marketing franchise, has earned their ranking on the Franchise Direct 2018 Top 100 Global Franchises list. The Franchise Direct rankings were generated using objective and measurable criteria including (but not limited to) system size, system revenue, stability and growth, franchise longevity, and best practices in the areas of franchise support and training. The Minuteman Press franchise was found to demonstrate these qualities.

“We are thrilled to once again be recognised by Franchise Direct as one of the top global franchises for 2018,” says Bob Titus, Minuteman Press International President & CEO. He adds, “This is especially rewarding because these franchise rankings take into account the longevity of our business model that has been tried, proven, and refined for over 40 years as well as the high level of ongoing franchise training and support we have provided to our owners since we started franchising in 1975.”

Titus concludes, “We wouldn’t be able to receive such high rankings without our owners and their dedication to our system. We are all passionate about what we do and to see our collective hard work be rewarded is a real privilege.”

Related: Minuteman Press Advises You To Under-Promise And Over-Deliver

As a top global franchise, Minuteman Press International offers key benefits of franchising to owners in addition to providing full training and ongoing local support. Because target customers are other businesses, Minuteman Press B2B franchises typically operate on a schedule during normal business hours. This enables Minuteman Press franchisees the opportunity to spend more quality time with their families.

Also, since many business owners use print in their operations and also seek out ways to market and grow their businesses, each Minuteman Press franchise offers a wide variety of products and services that meet the growing needs of today’s business professionals. This includes everything from print essentials, banners and signs to promotional products, full marketing and mailing campaigns.

In addition, Minuteman Press also offers a unique royalty incentive program to eligible owners that caps royalties above a monthly sales level. Visit www.minutemanpressfranchise.com for more information.

 

To learn more about #1 rated Minuteman Press franchise opportunities and access over 80 testimonials and Minuteman Press franchise reviews, visit www.minutemanpressfranchise.com or call 1-800-645-3006.

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Franchise News

SA Fast Food Franchising On The Rise

Andre Beck, Sector Head: Fast Food and Restaurants at FNB Business, shares four key trends in franchising sector.

Entrepreneur

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The fast food and quick service restaurant (QSR) sector continues to show steady growth on the back of what has been a tough economic climate in South Africa. With a contribution in access of 29%, QSR has by far the biggest share in franchising turnover.

According to the Franchise Association of South Africa (FASA), the franchising market is worth R587 billion Rand, which is approximately 13.3% of the South African Gross Domestic Product (GDP).

Andre Beck, Sector Head: Fast Food and Restaurants at FNB Business says, “Industry data shows that South Africa has seen more franchises opening fast food and restaurant outlets in spite of the floundering economy. This clearly paints a picture of a sector that is competitive and lucrative, and more importantly, it shows that the franchising has sustained appetite to grow further in the local economy.”

Related: 3 Tech Trends Your Franchise Should To Keep Up With During The 2018 Restaurant Revolution

Beck shares four key trends in this sector:

1. Healthy food

Customers are mindful of what they consume more than before; they want to know which ingredients you have used to prepare their food. As a result, health centric franchise brands are penetrating the market.

2. Speed of delivery

Using technology to effectively serve customers; more fast food franchises have made it possible for customers to use mobile Apps and other digital tools to receive their orders quickly.

3. Free delivery

In this extremely busy environment, businesses have understood the power of bringing business to the customer’s doorstep step.

4. Month end peaks

A lot of consumers tend to visit food outlets during month ends to buy or eat with their families. This has become one of the most treasured habits for most families.

“Despite the intense competition for food franchising, this sector has exceptionally demonstrated that franchising remains one of the sectors that needs to be thoroughly explored to grow the economy and create job opportunities. As a bank, we continue to support businesses in this sector and firmly believe in their potential to flourish,” concludes Beck.

Related: FASA Launches Its 2018 Events To Renewed Optimism For Growth In The Franchise Sector

Despite the intense competition for food franchising, this sector has exceptionally demonstrated that franchising remains one of the sectors that needs to be thoroughly explored to grow the economy and create job opportunities. As a bank, we continue to support businesses in this sector and firmly believe in their potential to flourish,” concludes Beck.

 

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Franchise News

FASA Launches Its 2018 Events To Renewed Optimism For Growth In The Franchise Sector

Stand a chance to win with FASA. Enter online today.

Entrepreneur

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With the economy showing a positive growth for the coming year and public and business sentiment on an all-time high, the Franchise Association of South Africa (FASA) is poised to spearhead initiatives and events that will nurture entrepreneurship, encourage small business development, add to skills growth and ultimately add much needed jobs to the economy.

The franchise sector has continued its growth trajectory despite the tough economic conditions of the past eight years, adding around 88 new franchise systems and 2 789 new outlets in 2017 – proving that franchising remains one of the soundest business formats, structured to withstand economic challenges.  With a contribution of 13,3% to the country’s GDP through its 845 franchise systems, over 40 000 franchise outlets are giving direct employment to close to 400 000 people.

According to Vera Valasis, Executive Director of FASA, “the continued growth of new franchise concepts proves that franchising is the entrepreneurial heart of any economy – its growth might be temporarily curbed due to economic influences, but it remains the one business sector that is always innovating and has the highest success rate.”

Related: What To Know About Franchising Your Business

Vera Valasis believes that on a global front, our changing world is opening up opportunities on the franchise horizon. “As spending patterns change, entrepreneurs will be looking at business sectors where there is an appetite for franchising and flourishing new industries will start to see the light. Niche markets are also offering one-of-a-kind franchises that give one the opportunity to get in on the ground floor of a new franchise trend.”

With the country’s renewed energy and more positive outlook, both on the political and economy front and for those wanting to go the franchise route, whether as a prospective franchisee or as a developer of a new franchise concept,  FASA has the following events and initiatives during 2018 which include:

  • The FASA Franchise Manual, the official annual directory for the Franchise Association of South Africa (FASA), is the ‘bible’ for the industry in South Africa. It lists all franchises but highlights in detail its accredited members and features practical articles – from how to evaluate a franchise to the legalities to setting up a franchise.  Click here for your electronic copy of the 2018 manual
  •  FASA’s Awards for Excellence in Franchising, sponsored by Sanlam – the industry’s most prestigious accolades – takes place at a breakfast event at The Venue at Melrose Arch on Thursday 7th June 2018.  FASA members can enter the Awards here. To book your seat to attend the Awards Event breakfast please email fasa@fasa.co.za – tickets are R290 excluding VAT per person
  • FASA’s annual Convention, aimed at industry stakeholders as well as those wanting to franchise their business or purchase a franchise takes place at the Forum Campus in Bryanston on Thursday 28th June 2018. Convention. Delegates have access to attend no less than 50 lectures or presentations related to franchising. Click here to book your ticket to attend the convention. FASA members get a 50% reduction on the ticket price.
  • As the economy recovers, FASA’s International Franchise Expo (IFE), taking place on Level  5, Entrance 22 and 25 of the Mall of Africa from the 29th June to the 1st July 2018  is where the who’s who of the franchising world will be on show to promote their brands and offer franchise and business opportunities. For more information visit IFE at http://ife.co.za/.  Book your stand now – FASA members receive 35% discount on the cost of stands – click here http://ife.co.za/exhibitor-information/

Related: Meet Jan Grobler: Serial entrepreneur, Advocate, And Job Creator

Book now to attend one or more of the 21 free public seminars by emailing fasa@fasa.co.za – seats are limited http://ife.co.za/free-franchise-seminars/

The pubic are welcome to attend any of FASA’s events to learn more about the franchising business method.  Members of FASA are given preferential rates to attend events.  For more information contact fasa@fasa.co.za or call 011 615 0359.


WIN WITH FASA

Win tickets to attend two important franchise events – the FASA annual convention and the Franchise Expo. Win 2 free tickets to attend the convention and International Franchise Expo valued at R6000.00

The tickets include:

  • Free attendance at FASA’s Franchise Convention on Thursday 28th June for two people where you will have access to over 50 lectures/presentations on the day and find out everything about franchising from the experts
  • Two Free entry tickets to attend the Franchise Expo at the Mall of Africa from the 29th June to the 1st July
  • Two Free 2018 Franchise manuals.

HOW TO ENTER

Send an email suggesting why you would like to attend this year’s convention with the header “FASA Competition 2018 – Entrepreneur Magazine SA” to Giuli Osso at giuli@gocomms.co.za.

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