Tech Tracker: Toast seeks $18 billion IPO valuation; Yum finalizes Dragontail acquisition
This month, the biggest news in the technology world was restaurant tech company Toast announcing its intention to go public — aiming for an estimated IPO worth of $16 billion and showing just how influential and powerful foodservice tech has become. Tech Tracker rounds up what’s happening in the technology sphere of the restaurant industry, including news with restaurants, vendors, and digital platforms. 

Boston-based restaurant software platform Toast is going public and seeks an initial public valuation of $16 billion, according to an SEC regulatory filing from Monday. Shares will be priced between $30-$33, with the technology company ostensibly raising upwards of $717.4 million. The 10-year-old company plans to trade under the stock symbol, TOST. According to the SEC filing, Toast’s annual revenue is approximately $494 million, with 118% year-over-year growth and the tech company partners with approximately 48,000 foodservice locations.

 Franchise Updates

Pancheros Mexican Grill Launches Third-Annual National Queso Day Campaign  

Michigan Customer Loved Massage LuXe Experience So Much She Bought a Franchise

Tutor Doctor Awards Franchisees for Top Performance, Innovation and Growth at Annual Meeting ...

Dog Haus Executes Franchise Deal to Bring The Absolute Würst to Michigan

Jack in the Box Celebrates Grand Opening of New Houston Restaurant  

CoderSchool Opening First Santa Monica Location  

PatchMaster Specialty Drywall Repair Franchise Opening in Greater Buffalo Area

Tech Repair Leader uBreakiFix® Opens Newest Location in Provo  

Perspire Sauna Studio Heats Up with 50 Signed Franchise Agreements

Athletic Brewing Company Partners With Fleet Feet To Expand Its Retail Footprint  


Subway Launches Direct Delivery Nationwide


Tropical Smoothie Cafe to Open Milestone 1,000th Location


Jack in the Box Opens New Location in Houston


Jack in the Box Introduces New Cluck Chicken Sandwich and BBQ Cluck Sandwich


KFC Foundation Grants 11 Non-Profits Total of $110K


Halo Burger Celebrating 98th Birthday with $1.98 Burgers


Impossible Chicken Nuggets Join Menu at Fatburger


DQ Grill & Chill Opens in Whitebluff, Tennessee


Tijuana Flats to Offer Free Guacamole on National Guacamole Day

Dog Haus Signs Agreement to Open Two Locations in Michigan
Add Listing
Most Recent Directory Listings
TINT WORLD® Automotive Styling Centers™
Boca Raton, FL
TINT WORLD® Automotive Styling Centers™ is America’s largest and fastest growing automotive accessories and window tinting franchise.
Attention to Detail Bookkeeping, Software Training, Payroll, and Financial Services
Clarkston, MI
Accounting has an enormous demand in the marketplace. While other companies slowed down during the pandemic, we were busy and growing!
Signature Franchising Franchise Development
Islamorada, FL
Signature Franchising is offering Franchise Development, FDD revision & updating service. Broker referrals honored.
New GIG Carry Out & Delivery Pizza Concept
Mishawaka, IN
Be a part of a fast growing well established pizza concept based on the new GIG economy! Work smarter not harder!
Work From Home Franchisee Opportunity (A winning business model)
Allentown, NY
GOIGI gives you the opportunity to start your own IT company from your home with Zero Risk.
Peace, Love and Little Donuts Frandocs
Pittsburgh, PA
Since we make donuts all day, people enjoy them all day! Groovy!!Ready… Set…GO! Would you, or someone you know, like to open a Peace, Love and Little Donuts?
Low Buy in /Low overhead
Forked River, NJ
Low Buy in. No real estate needed. We can get you started with any spending budget. We train you every step of the way.
Juicy Burgers Restaurant Franchise Opportunity
Las Vegas, NV
ll Juicy Burgers Restaurants® are exciting franchise business opportunities backed by a successful organization.
Featured Listings
Snip-its Haircuts for Kids Franchise
Eden Prairie, MN
Snip-its, originally headquartered in Natick, Mass., was conceived by creator and founder Joanna Meiseles in 1995. In 2010, Snip-its relocated its headquarters to Eden Prairie, Minn., under the direction of President and CEO, James George
Shirley's Popcorn Franchise
Bluffton, OH
hirley’s Gourmet Popcorn Company was created in 2009 by Kim and Pete Suter, owners of the Shannon Theatre in Bluffton, Ohio. This single-screen family theatre is known for its popcorn - specifically, its loyal group of customers.
Schlotzsky's® Accelerates Franchise Development with Pipeline Nearing 100 Restaurants. Schlotzsky's® announced today it has signed more than 75 deals in 2021 to develop new restaurants in New Mexico, Arizona, Oklahoma,
Xponential Fitness brings a much-needed wellness service into the mainstream with StretchLab. The assisted stretching franchise offers the best of boutique fitness and wellness businesses with a wide-open market
A Dunkin' coffee shop in Colorado is temporarily closing after the number of staff fell from 15 to 3 and it couldn't find anyone to replace them. "We're in a major labor crisis," said the CEO of a franchisee that manages seven Dunkin' stores.
Wow Wow Hawaiian Lemonade Starts Out First Half of 2021 with Record-Setting Number of Franchise Agreements Emerging Gourmet Lemonade Strong Franchise Development Pipeline with Over 25 Agreements Signed
NYC Ben & Jerry’s blames West Bank ban for slow sales, vows donation to Israel. Earlier in July, Ben & Jerry’s announced it would stop selling ice cream in 'Occupied Palestinian Territory'
Burgers across America: New items from Bad Daddy’s Burger Bar, Bennigan’s, Buffalo Wild Wings, BurgerFi, Burger King, Dog Haus, Carl’s Jr. and Hardee’s, Elevation Burger, El Torito, Firebirds Wood Fired Grill, Friendly’s, Hurricane Grill & Wings, IHOP, Krystal, Logan’s Roadhouse, Shake Shack, Slater’s 50/50, Red Robin Gourmet
Operators Who Acquire Franchise Brands Balance Risks, Rewards. Franchisees are becoming franchisors at breakneck pace. While the move is not uncommon in the industry, the rate of acquisitions this spring is as fast as ever as four major deals put royalty streams in franchisee hands.
Major changes to franchise laws will significantly impact the real estate industry. Important changes to Australian franchise laws, will impact both franchisors and franchisees, regardless of expansion plans. The new laws will apply to new franchisee agreements, as well as renewals,
Krispy Kreme Takes a Fresh Approach to Growth Now public, the company wants to become the "most loved sweet treat brand in the world.” Krispy Kreme grew net revenue 43 percent to $349 million, year-over-year, in Q2.
Class Action Claims Rejected for Plaintiffs in Two Franchise No-Poach Cases. United States: Class Action Claims Rejected For Plaintiffs In Two Franchise No-Poach Cases. two courts have recently denied class certification bids for former Jimmy John's and McDonald's employees
Del Taco Group Expands Florida Development Agreement The nation’s second largest Mexican quick service restaurant*, announced its newest multi-unit deal that will add 10 new locations to the state of Florida in partnership with franchisees Aman Singh, Ajay Singh, Navdeep Bassi and Shubegh Bassi. The expansion deal after the franchisee family opened their first location in Melbourne, FL.
Restaurant closes after getting $464,040 in COVID funds; Owner blames government then recants. ADeForest restaurant that got nearly a half-million dollars in pandemic relief closed Monday with the owner leaving a note on the door blaming the state and federal government for its demise.
The Dolly Llama Wants to Change How You Eat WaffleLos Angeles-based ice cream and gourmet waffle franchise The Dolly Llama is expanding. The brand began franchising in early 2020, and co-founder Eric Shomof said three franchisees are signed, in Texas, Florida and Pennsylvania.s.
Wendy's French Fries Go Gluten-Free!. Wendy's French Fries Go Gluten-Free! 09/07/2021 - That's right, French fry fans, popular hamburger chain Wendy's is reformulating their French fries to be gluten-free. Well, like many things, the original fries contained no gluten ingredients, but were prepared in fryers that were shared with gluten-containing foods, like breaded chicken.
How QuFour years in, they have 190 Pizza Huts, 64 Sonic Drive-In locations, 67 units in Moe’s Southwest Grill and 27 Arby’s restaurants. Franchise Times Restaurant 200 list growing by more than $130 million Restaurant Group.
Biden infrastructure deal could create 500,000 manufacturing jobs, business group finds. A bipartisan infrastructure deal being negotiated in the U.S. Senate could create roughly half a million new manufacturing jobs by 2024
LIME Painting Seeks National Expansion Through Franchising Rapidly-growing high-end painting franchise is looking to continue its success by opening more locations across the country.
Toasted Yolk Cafe Exceeds Mid-Year Franchise Sales Goals, Signs Five New Franchisees and Continues Expansion Throughout Southeast.
The Next Frontier of Restaurant Franchising Optimism abounds. There were 763,931 restaurants pre-coronavirus, according to Datassential’s Firefly platform. By summer, 90,296 closed permanently. Alongside 12,596 openings, the tally was 698,176
Quiznos Parent Company to Buy Church's Chicken Church's earned roughly $740 million in sales in 2020 and an AUV of $820,000, according to the QSR 50. xpects 100 openings worldwide in 2021.
This Popular Asian Fried Chicken Chain Is Opening 23 New Locations. Their signature soy garlic double-fried wings have been called "the gold standard for fried chicken." The Bonchon Chicken brand story explains that the restaurant was born in Busan, South Korea, in 2002.
Edible Announces Major Sales and DevelEdible has teamed up with Nintendo to customize a Mario Kart 8 Deluxe inspired line of surprises. The partnership highlights Edible’s strong hold within the gifts and treats space while bringing its nicheopment Growth.
Wendy’s to open 700 ghost kitchens by 2025 with start-up Reef. Wendy’s announced Wednesday it will open 700 ghost kitchens across the United States, United Kingdom and Canada by 2025.
Chicago and New York City Crack Down on Third-Party Delivery Giants. Several lawsuits accuse DoorDash and GrubHub of “deceitful” and “unfair” business practices, particularly during the pandemic. Advertising order and delivery services from unaffiliated restaurants without their consent, leaving restaurants to repair reputational damage.
Wetzel's Pretzels Franchises with Phillips 66 Family of Brand. Wetzel’s Pretzels (Wetzel’s), announced today it is offering a unique franchise opportunity. Skilled operators will now have the opportunity to open fresh Wetzel’s at Phillips 66, Conoco and 76 convenience stores.
Jackson Hewitt® Seeking New Franchisees Nationwide, Reduces Franchise Fees. Top tax company offers franchisees a scalable business model, comprehensive support package
Couple from On a remote stretch of highway near the Nevada-Utah border sits a restaurant that may seem out of place in a town like this. NYC opens restaurant in remote Nevada town.
Department of Labor Rescinds Narrow Definition of Joint Employer. Franchisors are more likely to have liability in labor violations. Descriptions of a joint employer that were contrary to statutory language and that it failed to take into account prior guidance
Perspire Signs 50 Franchise Agreements; Hires New VP of Marketing. Perspire Sauna Studio, the nation’s fastest-growing infrared sauna studio franchise, has signed over 50 franchise agreements. Perspire, which elevates the mind and body wellness of its guests through first-of-its-kind infrared lighting systems, currently has 19 studios open nationwide.
Popeyes Launches Nuggets, Calls for Cease Fire in 'Chicken Wars' The chain bought the cash equivalent of 1 million nuggets from competitors. The Popeyes Foundation purchased the cash equivalent of 1 million nuggets
franchise your business, franchising programs, franchise sales, operations manuals, franchise advertising, fdd, franchise agreement, registration, franchise attorney,
Batteries and Bulbs F
Fuddruckers Franchise
Franchise Gator Advertising
Cheesy Street Grill Franchise
Maid Green, Made Clean, Clean your Office, School, Home, Business, We come to you and make you clean
Bad Ass Coffee
Cheesy Street Grill Franchise
Advertise Your Business on
Advertise Your Business on
Amici Italian