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How An Iranian Runaway Rose To Top Of A Home Franchise Company
Investors· 2025-10-23 11:00
Core Insights - The article highlights the journey of Shirin Behzadi, who overcame significant personal and professional challenges to become the CEO of Home Franchise Concepts (HFC) and achieve remarkable growth in the company [3][13]. Company Overview - Home Franchise Concepts (HFC) experienced substantial growth under Behzadi's leadership, with franchisee revenues reaching $850 million in 2018, marking a 70% increase compared to the industry norm of 6% to 9% [15]. - The company expanded its offerings and improved its franchise model, leading to a 99% renewal rate among franchisees [8]. Leadership and Management - Behzadi emphasized the importance of collaboration and communication within the company, creating Franchise Advisory Councils to ensure franchisee success and improve product offerings [15]. - The transition to CEO in 2015 came after a sale agreement with a private equity firm, where Behzadi was tasked with driving growth despite personal health challenges [13][11]. Strategic Decisions - The company shifted its marketing focus from brand awareness to direct response marketing during the Great Recession, which helped navigate economic challenges [10]. - A significant decision was made to raise franchise prices, which was initially seen as risky but ultimately led to increased growth and franchisee interest [8]. Challenges and Resilience - Behzadi faced severe health issues, including a brain tumor, yet continued to lead the company through its growth phases [11]. - The company successfully adapted to economic downturns and leveraged its solid foundation to find opportunities for growth [10].
Rocky Mountain Chocolate Factory Acquires Longstanding Camarillo, California Store for Company-Owned Portfolio
Globenewswire· 2025-08-19 20:05
Core Viewpoint - Rocky Mountain Chocolate Factory Inc. has acquired its Camarillo, California store from a franchisee, enhancing its presence in Southern California and aligning with its growth strategy [1][3]. Company Acquisition - The Camarillo store, operational since October 1995 and managed by Kim LaMonica since 1996, has a loyal customer base and is a community staple [2]. - This acquisition allows RMCF to integrate the store into its portfolio of Company-owned locations, aiming to enhance the customer experience with a redesigned store [2][3]. Strategic Importance - The Camarillo store is considered a cornerstone of RMCF's brand presence in Southern California, reflecting the appeal of its products in affluent communities [3]. - The acquisition supports RMCF's strategy to operate select stores for innovation, retail best practices, and profitability enhancement [3][4]. Growth Strategy - RMCF plans to leverage its Company-owned stores to launch new products, improve customer experiences, and achieve operational excellence, benefiting the broader franchise system [4]. - The company is focused on selectively expanding its retail footprint in Southern California and other attractive markets [4]. Company Overview - Rocky Mountain Chocolate Factory, Inc. is a leading franchiser of premium chocolate and confectionery retail stores, producing a wide range of products since 1981 [5]. - The company operates over 250 stores across the United States and has been recognized in Entrepreneur's Franchise 500 for 2025 and Franchise Times' Franchise 400 for 2024 [5].