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Industry Update

Two Franchise 500 franchisors face bankruptcy.

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This story appears in the May 2001 issue of Entrepreneur. Subscribe »

In early February, ByeByeNow.com Travel Inc. president Peter Kowalinformed franchisees in the system that the travel agency had filedfor Chapter 11 protection. The company's main plan now is tofind a buyer for its franchise arm.

"We're operational here as the franchisor," saysKowal. "We continue to offer services. We plan on continuingthose services by having more horsepower, having more resourcesavailable to us and ultimately growing [the franchise]again."

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