PE Returns to Franchising

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November 25, 2025

This week we’re looking at the return of private-equity activity in franchising, as well as 3 important franchise expansion moves across the US.

Private equity firms are re-entering the franchise space, with a renewed focus on acquiring multi-unit restaurant portfolios.

Indeed, lower interest rates and stronger operating performance are driving investors back toward franchised brands with proven unit economics.

This marks a notable shift toward consolidation across the fast-casual restaurant franchise industry.

More on that here.

Bonchon locks in 6-unit development agreement for Puerto Rico expansion


Bonchon has finalized a six-unit development deal that will bring the Korean fried-chicken franchise to Puerto Rico starting in 2026.

The brand, already approaching 500 global locations, continues targeting under-served markets with strong multi-unit operators.

This move reinforces Bonchon’s strategy of pairing distinctive menu appeal with region-wide rollout plans.

Seniors Helping Seniors® continues rapid California push with new Bay Area territory


Seniors Helping Seniors® has opened a new location serving the Tri-Valley and Fremont regions — marking its 22nd California territory.

While a single opening, it’s part of a much broader growth wave driven by aging-population demand and the strength of the home-care franchise sector.

The brand’s steady expansion illustrates how service-focused models remain some of the most resilient multi-unit opportunities in franchising.

Cousins Maine Lobster enters Indiana through multi-unit food-truck agreement


Cousins Maine Lobster has signed a multi-unit deal to launch two food-truck units in Indiana, officially entering the state.

This move fits the brand’s strategy of leveraging mobile units to scale quickly across new territories with lower overhead and faster deployment.

For franchisees, it highlights how flexible formats can support multi-unit growth without the build-out costs of traditional restaurants.

This week's brands spotlight

Bonchon

Bonchon is a Korean fried chicken franchise that offers crispy and flavorful chicken dishes with a unique blend of sauces and seasonings.

Franchisees

?

143
+
22%
22%
Investment

?

$591,000 - $1,313,000

Seniors Helping Seniors

In-home senior care franchise specializing in matching senior caregivers with seniors in need of assistance, promoting companionship and support.

Franchisees

?

180
+
49%
49%
Investment

?

$95,000 - $172,000

Cousins Maine Lobster

Cousins Maine Lobster serves fresh and sustainably sourced lobster and seafood dishes, bringing the flavors of Maine to various locations.

Franchisees

?

4
+
-43%
-43%
Investment

?

$267,000 - $969,000

Oliver's Nannies

Oliver’s Nannies is a childcare services franchise offering in-home nanny placement, on-demand staffing and family-support services, serving working parents and families, and known for rigorous screening, personalised matches and strong training protocols.

Franchisees

?

1
+
n.a.
n.a.
Investment

?

$62,000 - $103,000

Gym Skills

Gym Skills is a youth-sports-franchise offering gymnastics, tumbling, ninja-training, mobile gyms, camps and birthday parties, serving children and families, and known for flexible programming, multiple revenue streams and community-focused active-lifestyle model.

Franchisees

?

1
+
n.a.
n.a.
Investment

?

$48,000 - $296,000

Bango Bowls

Bango Bowls is a health-food café franchise offering acai bowls, smoothies, and fresh-fruit breakfast meals, serving health-conscious consumers and active lifestyles, and known for vibrant flavour combos, social-media appeal, and grab-and-go convenience.

Franchisees

?

1
+
n.a.
n.a.
Investment

?

$177,000 - $615,000

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