If you feel you're at a job where your job security is being threatened I would start looking for another job immediately just in case. They may close, they may not. But at least you have a backup either way.
Regardless of what the future franchisees have in store, how long have you worked at this place? Sometimes the best way to get a promotion is jumping ship. If you've been there for a while your talents/skills might be considered an asset somewhere else.