Heck, we should have bought them, converted the good locations to McDs and closed the rest, killing the brand. Guess spending $3 bill on coffee makes more sense.
That probably would have beena better investment thanMcCafe but taking over a chainand closing locations is amessy and expensive business.Part of the purchase is responsi -bility for the existing franchisecontracts. A new owner can'tjust go around closing stores.Of course, there would be a fewsites where the franchisee mightwant out but many would haveto be cashed out.And Wendy's is a real businesswhere the franchisee often ownsthe building and land. Even ifthe Wendy's operation isn'tmaking money it might be payingthe mortgage and the franchiseemight be building equity in thereal estate. Franchisees building equity...What a concept!.
Wendy's has many very bad locations. Seems when the franchisees bought the sites they took secondary quality to save money. One of their major problems.
And theyre dumping Anderson too. Good Move
Kerrii Anderson - another accountant who screwed up a perfectly good restaurant company.
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