Podcasts about restaurant brands

Markets are mixed in Asia, but earnings are anything but flat. Hosted by Michelle Martin with Ryan Huang, we unpack OCBC’s Q1 results and how it stacks up against DBS and UOB. Far East Orchard doubles its profits, ST Engineering surges 60% YTD, and Auntea Jenny stirs up Hong Kong markets with a 40% debut pop. We dive into a new US-UK trade deal and what it means for global investors. Plus, we play UP or DOWN with Pinterest, Emirates, and Restaurant Brands. Hear more of OCBC, DBS, UOB, ST Engineering, Far East Orchard, Auntea Jenny, Pinterest, Mapletree, Restaurant Brands and Emirates. See omnystudio.com/listener for privacy information.

Authentic Restaurant Brands wants to be national, but it’s going to get there by being regional across the country, CEO Alex Macedo tells Bloomberg Intelligence. In this episode of the Choppin’ It Up podcast, Macedo sits down with BI’s senior restaurant and foodservice analyst Michael Halen to discuss the company’s unique strategy of acquiring strong regional brands and helping them improve sales and profit instead of supercharging unit growth. He also comments on the M&A market and why it’s become increasingly difficult to scale up national brands in a cost-effective way. Find this and other Bloomberg Intelligence podcasts at BI PODCASTS . See omnystudio.com/listener for privacy information.

New Zealand's KFC, Taco Bell and Pizza Hut stores have helped drive millions in profits for global owner Restaurant Brands. The multi-national company has reported a 5.4 percent sales growth in the year ending December - reaching $1.39 billion. The Kiwi division's recorded the highest net profit - at $41.7 million - and the Australia and California markets had losses. Restaurant Association President Mike Egan says convenience is a big factor behind people buying fast food. "People are super busy, stuck in traffic - part of the stress of every day is what's for dinner." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Tonight on The Huddle, journalist Mark Sainsbury and former Labour MP Stuart Nash joined in on a discussion about the following issues of the day - and more! The Government plans to introduce a referendum to extend Parliamentary terms to four years. Do we think Kiwis will go for this? Do we need longer political terms? Labour's Carmel Sepuloni has urged David Seymour to resign over his botched school lunch programme. What do we make of this? New Zealand's KFC, Taco Bell and Pizza Hut stores have helped drive millions in profits for global owner Restaurant Brands. Is this because of the economic downturn? LISTEN ABOVESee omnystudio.com/listener for privacy information.

New Zealand's KFC, Taco Bell and Pizza Hut stores have helped drive millions in profits for global owner Restaurant Brands. The multi-national company has reported a 5.4 percent sales growth in the year ending December - reaching $1.39 billion. The Kiwi division's recorded the highest net profit - at $41.7 million - and the Australia and California markets had losses. Restaurant Association President Mike Egan says convenience is a big factor behind people buying fast food. "People are super busy, stuck in traffic - part of the stress of every day is what's for dinner." LISTEN ABOVESee omnystudio.com/listener for privacy information.

In this week's Long-Term Investing Podcast, Barry and Ernest discuss their fixed income strategy with spreads at multi-decade highs, then discuss Q4 earnings for Amazon, TransDigm, and Restaurant Brands. 0:00 – Introduction1:56 – Aluminum and steel tariffs3:38 – Weakening Canadian dollar and the lack of quality businesses in Canada9:27 – Canadian vs US interest rates11:31 – Baskin bond portfolio discussion20:54 – Fourth quarter 2024 earnings season23:45 – Amazon earnings and its massive capex guidance33:29 – TransDigm earnings37:40 – Restaurant Brands earnings

Join Michelle Martin on her tour of markets! Asia-Pacific investors shrug off US concerns as buying sentiment lifts regional indices. Thomson Medical tumbles into the red despite rising revenue - what’s behind the losses? Alibaba surges on AI optimism and a partnership with Apple. SGX faces headwinds but outperforms. Plus, Ryan Huang weighs in on Restaurant Brands, Cisco, Intel, and Occidental Petroleum in our UP or DOWN segment. Hosted by Michelle Martin with Ryan Huang.See omnystudio.com/listener for privacy information.

How do you turn $2,000 into a restaurant empire that lasts 40 years? Kevin McCarney cracked the code. As the founder of Poquito Más, Kevin has defied the odds in one of the most competitive markets on the planet, creating a brand synonymous with quality, consistency, and legendary customer loyalty. In today's episode, we dive into the systems that scale, the secrets to keeping your team inspired, and how Kevin's unique leadership philosophy has driven decades of success. Whether you're looking to grow your brand or just survive the daily grind, this episode is packed with strategies you can steal today. For more on Poquito Más and Kevin's innovative leadership approach, visit https://www.poquitomas.com. Don't forget to grab his book, Big Brain, Little Brain, for even more actionable insights to transform your business and your life.____________________________________________________________Full Comp is brought to you by Yelp for Restaurants: In July 2020, a few hundred employees formed Yelp for Restaurants. Our goal is to build tools that help restaurateurs do more with limited time.We have a lot more content coming your way! Be sure to check out our other content:Yelp for Restaurants PodcastsRestaurant expert videos & webinarsCheck out DUER's flagship stores in LA or Denver, or get 20% off your first order by visiting https://shopduer.com/FULLCOMP.

In this episode of Market Minutes, Neeshita Beura dives into the factors behind Sensex and Nifty's sharp declines, Federal Reserve rate cut expectations, a record low for the rupee, and widening trade deficits. The podcast also explores key stock movers like Reliance Industries and HDFC Bank, alongside Ambuja Cements' merger plans and Aditya Birla Real Estate's latest acquisition. In the Voice of the Day segment, Ajit Mishra, SVP of Research at Religare Broking, shares his outlook on IT stocks. Market Minutes is a morning podcast, putting the spotlight on trending stocks, crucial data points, and evolving market trends. 

It's impossible to kill a restaurant chain, even when it's dead. This week's episode of A Deeper Dive features a discussion on a fascinating phenomenon in the restaurant world lately: Operators bringing formerly dead or dying brands back to life. RB colleagues Lisa Jennings and Joe Guszkowski join me to talk about three such concepts: Steak & Ale, Souplantation and Sweet Tomatoes and Ground Round.  Steak & Ale, a Norman Brinker-created brand that was a casual-dining pioneer, recently opened a location in suburban Minneapolis, 15 years after the entire chain was shut down.  Sweet Tomatoes, a buffet concept that was killed in a 2020, pandemic-related shutdown, recently opened a location in Arizona.  And Ground Round—which still has a couple of locations open in the west—is planning a new location in Massachusetts.  Why are these brands coming back? And most importantly, can these chains survive off nostalgia alone? We're about to find out. We're chatting about resurrected restaurant brands this week so check it out. 

In this episode of The Late Night Restaurant Show, Jay and Dominic welcome Sebastian, a marketing expert with deep roots in the restaurant industry. They explore the challenges and strategies of effective restaurant marketing, diving into why understanding the business from the ground up makes all the difference. From building a solid brand foundation to the pros and cons of hiring in-house versus agencies, this episode offers actionable insights for restaurateurs. Whether you're running a cozy local spot or expanding a multi-location concept, Sebastian's expertise and experience will guide you on the path to success. Tune in for a candid, no-nonsense conversation filled with industry wisdom, humour, and a few surprises!

In this episode of The Late Night Restaurant Show, Jay and Dominic welcome Sebastian, a marketing expert with deep roots in the restaurant industry. They explore the challenges and strategies of effective restaurant marketing, diving into why understanding the business from the ground up makes all the difference. From building a solid brand foundation to the pros and cons of hiring in-house versus agencies, this episode offers actionable insights for restaurateurs. Whether you're running a cozy local spot or expanding a multi-location concept, Sebastian's expertise and experience will guide you on the path to success. Tune in for a candid, no-nonsense conversation filled with industry wisdom, humour, and a few surprises!

StockUp er tilbake etter ferie! Godt å være tilbake og i denne episoden tar vi en liten recap av noen høydepunkter under ferien og småting som har skjedd i makrobildet. Episodens tema handler om fast food kjeder. Vi tar en nærmere titt på fire selskaper: Chipotle Mexican Grill, Domino's Pizza, Restaurant Brands og Wingstop! I episoden toucher vi innom forretningsmodellene og hvilke styrker og svakheter de ulike modellene har. Det er likevel en veldig viktig fellesnevner - vinnere fortsetter å vinne. Kanskje det fortsetter sånn? Vel lytt. Episoden er spilt inn for informasjons- og underholdningsformål, og skal ikke anses som en investeringsanbefaling. Faruk eier aksjer i Wingstop, mens Kenneth har ingen posisjon i noen av selskapene på dato for innspilling. Liker du det du hører? Vi vil sette pris på om du liker og deler podcasten. Ønsker du å være med på discord? Gå hit: https://discord.gg/CsxNmyXGbE Hvis du ønsker å støtte podcasten, har vi satt opp en Patreon: https://www.patreon.com/StockUp831

Join Michelle Martin in her smart roundup of markets with Ryan Huang. This episode dives into the latest institutional trading moves, highlighting Singapore Airlines, Digital Core REIT, and SunMoon Food. Explore Big Tech's new strategies with Google, Microsoft, and Amazon, and the market performance of Eli Lilly, Meta, Walmart, and Home Depot. The discussion wraps up with insights on E.l.f. Beauty, Ola Electric, Restaurant Brands, Temu, and SGX, providing a comprehensive market overview for the week.See omnystudio.com/listener for privacy information.

Ville Lehto is the Co-Founder and Head of Product at Huuva, a Helsinki-based ghost kitchen startup that brings together the best local restaurants under one roof into a single order. In this episode, we'll talk about the success Huuva is seeing in the European delivery market, the unique software it's built, and analyze some of the larger American players with similar models.

0:00: Introduction 1:42: Ernest's talks about meeting Murray Edwards, Chairman of Canadian Natural Resources 5:05: Murray Edwards' rant on Canada's energy policy 7:26: TMX Pipeline expansion is in business; what it means for Canada. 12:22: Natural Gas' role in electricity demand 14:15: Listening to Mitch Rales on Capital Allocation 19:53: Follow up on Waste Connections 23:38: Feature discussion on Restaurant Brands 31:19: The genius of Patrick Doyle This week's episode has it all, a meeting with Murray Edwards, a discussion about Canadian Energy and the TMX pipeline, listening to Mitch Rales on capital allocation and culture, a review of Waste Connections recent earnings results and then a feature discussion on Restaurant Brands.

Restaurant Brands New Zealand is enjoying a strong first quarter for the 2024 financial year. The restaurant operator reported $302.6 million in sales, a 7.9 percent increase from the same period last year. Milford Asset Management's Jeremy Hutton explains Restaurant Brands' financial recovery. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Restaurant Brands New Zealand is enjoying a strong first quarter for the 2024 financial year. The restaurant operator reported $302.6 million in sales, a 7.9 percent increase from the same period last year. Milford Asset Management's Jeremy Hutton explains Restaurant Brands' financial recovery. LISTEN ABOVESee omnystudio.com/listener for privacy information.

In this episode of the Restaurant Operator Podcast, Networld Media Group Editor Mandy Detwiler chats with Don Smith, director of business development for Givex North America, about the state of the restaurant industry and what's affecting it today. Givex, a best-in-class POS solution, services a number of high-profile brands.Online ordering has grown since the pandemic, and Smith said it has been a "seesaw battle" for many operators. "The more orders they get obviously drives more money to their bottom line," he said. "But the challenge is trying to get more of that dollar for online ordering."Ordering sites take a great percentage of online orders, up to 30% for Uber Eats, Skip (a Canadian delivery service) and GrubHub. Givex's clients are working to try to regain some of that percentage, Smith said."How they're doing it now is through a many-faceted approach," Smith said. "It combines some loyalty, it combines some private apps, and if they made the right combination, they can claw back some of that 30%"

What is the future of virtual restaurants? This week's episode of the Restaurant Business podcast A Deeper Dive features Robbie Earl, the co-founder of Virtual Dining Concepts. The company is now the largest operator of digital-only brands, which operate inside other restaurants, ghost kitchens and other facilities. They typically do not have a traditional storefront. Virtual brands were all the rage during the pandemic but for various reasons they have slowed coming out of it. Some of them have been quite successful and others not so much. We talk about how virtual brands can ensure the restaurants they work with produce quality food. We discuss whether they should open more brick-and-mortar locations. We ask about Virtual Dining Concepts' relationship with MrBeast Burger, currently embroiled in litigation. And we talk about what makes a good virtual brand partnership and whether anything has changed more recently. This is a fascinating discussion about a fascinating topic so please check it out.

KFC's newest restaurant in Rome, Italy, marks the company's 30,000th global location. The company announced the milestone, noting that a new KFC location opens somewhere in the world every 3.5 hours on average.In 2023, KFC opened nearly 2,7000 restaurants across 96 countries, a 10% development pace and setting a brand development record. More than 80% of unit growth came from 15 publicly traded franchisees. KFC accounts for nearly 50% of parent company Yum Brands' divisional operating growth.During Yum's most recent earnings call last month, executives called out several standout markets for the brand. China, India, Thailand, South Africa, and Spain drove KFC's development during 2023 and were part of a group of 15 countries that grew unit count by more than 25 restaurants. Further, KFC plans to enter its 150th country later this year.

Potbelly just introduced a new six-pack cookie box, available in-store or digitally. In a statement, Potbelly's CMO David Daniels said, “Our fans have an insatiable love for our cookies and now we're making it easier for them to enjoy together with others, share as a gift, or save for later.”In late 2022, Subway also launched six- and 12-pack “Cookie Bundles,” along with the debut of its limited-edition footlong cookie that is now available nationwide.Meanwhile, KFC recently introduced its new Colonel's Homestyle Brownie, while its sister brand Taco Bell is testing things like Churro Chillers shakes, Baja Blast pie, and the Taco Bell x Salt & Straw Ice Cream Chocolate Taco. Further, Wendy's just teamed up with Cinnabon to debut a Cinnabon Pull-Apart breakfast offering, Chicken Salad Chick acquired Piece of Cake to sell its signature desserts, and Peter Piper Pizza is adding Buddy V's Cake Slice and Dippin' Dots options for guests. Shake Shack is testing desserts at select locations to see if they can boost afternoon traffic and, in Canada, Burger King added new “Blasts,” which are kinda like McFlurrys.In other words, things seem to be getting a bit sweeter around here.

0:00: Intro 2:22: Our take (or lack of it) on Nvidia's earnings 4:32: Having patience for long-term investments as a long-term investor 7:29: Case study on Costar Group's investment in Homes.com 12:27: Case study on CCL Industries's flat stock price 15:45: Deep dive on Topicus.com  With Barry back from vacation, Barry and Ernest get right back into discussing stocks and the markets. First, the guys discuss Nvidia and AI and sticking to you what you know as an investor. Next, they talk about three companies that are getting the long-term shareholders they deserve, CoStar Group, CCL Industries and Restaurant Brands. Finally, the feature discussion is on Topicus. Spun out from Constellation Software in 2021, Topicus is a serial acquirer of software companies based in Europe. The guys discuss the reason for the spin-out, Topicus' strategy, why it is listed on the TSX Venture exchange and why it trades at a higher valuation that Constellation Software.

On today's episode of Market View, Michelle Martin and Ryan Huang find out what's driving Synopsys to acquire Ansys for $35 billion, what's driving positive returns on US bank earnings, and the 5 Japanese companies that Warren Buffett is steadily increasing stakes in.See omnystudio.com/listener for privacy information.

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The Power of Micro-Influencer Marketing: Benefits and PredictionsIn today's Fast Casual Nation Podcast, we talk with Nekter Juice Bar and their innovative strategies around next gen marketing. Staying ahead of the curve is essential. One strategy that has been gaining traction, especially in Technology-forward media and related industries, is micro-influencer marketing. This approach leverages individuals with smaller but highly engaged social media followings to promote products, services, or ideas. In this blog post, we'll explore the key benefits of micro-influencer marketing and provide some predictions based on historical analysis.Benefits of Micro-Influencer MarketingAuthenticity: Micro-influencers are known for their authentic and relatable personas. Their endorsements often come across as genuine, which can significantly impact their audience's trust in your brand or message.Targeted Audiences: Micro-influencers tend to have niche-focused audiences. When collaborating with them, you can precisely target the demographic or market segment that matters most to your industry or product.Cost-Effective: Micro-influencer collaborations are usually more budget-friendly than macro-influencers or traditional advertising methods. This makes it an attractive option, especially for businesses looking for cost-effective marketing strategies.High Engagement: One of the standout features of micro-influencers is their ability to engage deeply with their audience. With a smaller following, they can interact on a more personal level, leading to higher conversion rates and better engagement metrics.Diverse Content: Micro-influencers are versatile. They can provide a variety of content types, including reviews, tutorials, or unboxing videos tailored to your brand's unique needs.Improved ROI: Thanks to lower costs and higher engagement rates, micro-influencer campaigns often yield a better return on investment for brands.Scalability: Micro influencer marketing is highly scalable. You can collaborate with multiple micro-influencers simultaneously, allowing you to reach a broader audience and have a more significant impact on your marketing efforts.Predictions for Micro-Influencer MarketingContinued Growth: The trend of micro influencer marketing shows no signs of slowing down. Brands are increasingly recognizing its effectiveness in reaching niche audiences and are likely to continue investing in it.Industry-Specific Campaigns: In the future, expect to see more brands collaborating with micro influencers who specialize in specific industries. This approach allows brands to tap into highly targeted and niche markets.Enhanced Analytics: As the industry matures, advanced tools and analytics will emerge to provide better measurement of the impact of micro influencer campaigns, offering brands deeper insights into their marketing efforts.Regulatory Changes: With the growth of micro influencer marketing, there may be regulatory changes to ensure transparency and ethical practices within the industry.Greater Integration with Web3 and Blockchain: As blockchain and web3 technologies continue to evolve, micro influencer marketing may integrate these innovations to enhance security and transparency in influencer collaborations.AI-Powered Matching: Artificial intelligence will play a significant role in matching brands with the most suitable micro influencers for their campaigns, streamlining the collaboration process.Increased Competition: With the increasing popularity of micro influencer marketing, competition among brands to collaborate with top micro influencers is expected to intensify. Brands will need to employ innovative strategies to stand out in a crowded market.

LIVE from the Fast Casual Executive Summit in Louisville, Kentucky, the guys catch up with the visionaries of emerging restaurant brands, unpacking their innovative concepts and roadmaps to expansion!In today's episode of Hospitality Hangout, Michael Schatzberg “The Restaurant Guy” and Jimmy Frischling “The Finance Guy” are joined by Prakash Karamchandani, Chief Executive Officer of Balance Pan-Asian Grille; Chris Medhurst, President and Chief Operating Officer of District Taco; and Chad Coulter, Founder and CEO of Biscuit Belly.Key Takeaways[00:34 - 03:07] Prakash Karamchandani: Opening an Asian restaurant after losing his finance job in the 2008 recession.[03:11 - 05:58] Growing your own produce using an aquaponics system.[06:00 - 07:40] Franchising growth for emerging brands, Pivotal Growth Partners (PGP)[07:42 - 10:51] Post-covid growth[10:55 - 13:20] Spice is Right: Prakash on the Wendy's Dave Combo[13:20 - 15:30] Crystal Ball: The next hot topics in hospitality are going to center around AI martech and back of house[15:32 - 17:21] Branded Quickfire: Five questions for Prakash[18:05 - 21:13] Chris Medhurst: Growth plans for New York and other East Coast markets.[21:14 - 23:32] What is helping District Taco catch fire? The brick and mortar story effect[23:41 - 24:56] District Taco is opening up stores in New York and New Jersey[24:56 - 27:44] Talking Back, Chris takes the mic and asks about ads[27:44 - 29:38] Spice is Right, Louisville and Carvel[29:45 - 32:37] Branded Quickfire: Chris answers 5 lightning round questions[34:52 - 40:05] Chad Coulter Founder of Biscuit Belly: Focusing biscuit business growth in Southeastern US.[37:59 - 40:05] The origin story of Biscuit Belly[40:16 - 41:15] Diving into the restaurant business and learning the ropes[41:17 - 43:34] The uptick in breakfast and brunch business[43:36 - 44:00] Fast-casual, craft-casual[44:05 - 45:19] Where Chad is seeing growth for Biscuit Belly, southeast growth[45:41 - 52:08] Talking Back: Tell Us About You edition[46:53 - 49:08] Schatzy's origin story and Branded Hospitality's focus[49:18 - 52:08] Jimmy's story and the idea of Branded Hospitality Group[52:13 - 55:07] Spice is Right: Fast Casual Summit Edition[55:13 - 58:36] Branded Quickfire

Does Fort Lauderdale Have A Bias Against Miami Restaurants? In this episode of the "Miami Reporters Roundtable Podcast With Peter Zalewski of Condo Vultures®," a panel of four current and former journalists discuss why the longstanding Miami restaurant Rusty Pelican is dropping its name as part of an expansion into Fort Lauderdale. The discussion is based on this story from the Miami Herald: "Rusty Pelican Owners Plan To Open A Restaurant In A Fort Lauderdale Park" Here's a link: 'https://www.miamiherald.com/news/business/real-estate-news/article282146123.html This week's panel is comprised of Zalewski (@PeterAZalewski) along with former business reporters John Fakler (@JTFakler), Jean Gruss (@JeanGruss) of GrussPR.com and current business journalist John Pacenti (@JPacenti) of the KBIndependent.org. This program features current and former journalists discussing the biggest stories from the previous week. The objective of this program is to cut through the fluff and hyperbole of South Florida real estate marketing, in hopes, of assisting the audience to better understand the key points impacting decision making. The Miami Reporters Roundtable Podcasts can be viewed or heard wherever you get your podcasts. Alternatively, this podcast is available on the YouTube.com channel: CondoVulturesTV. Check out the new line of merchandise from the Miami Reporters Roundtable Podcast at: 'https://www.CondoVultures.com. Please send all questions and comments to @MiamiRRP on X (formerly Twitter), Instagram and TikTok. To ask a question or make a comment, please reach us at inquiry@condovultures.com or 305.865.5859 --- Send in a voice message: https://podcasters.spotify.com/pod/show/condovultures/message

In today's episode of Hospitality Hangout, Michael Schatzberg “The Restaurant Guy” and Jimmy Frischling “The Finance Guy” are joined by Troy Hooper, CEO of Hot Palette America, the parent company of Pepper Lunch Restaurants, as well as Elisia Flores, CEO at L&L Hawaiian Barbecue .Troy has over thirty-one years of experience in the hospitality industry, having grown up helping his father build restaurants and bars in Miami. Troy talks about global expansion, his recent ten-unit deal in Arizona, and modernizing the over-thirty-year-old brand.Elisia returned to Hawaiian Barbecue five years ago as CEO to take over leadership from her father and company co-founder, Eddie Flores. She credits L&L's success to the strong family-oriented culture amongst employees and franchisees, as well as a delicious, craveable food product that leaves customers demanding more. Listen to this episode to find out the wild innovation and spicy challenges for the restaurant industry in 2024, and catch their recipes for expanding a gnarly franchise brand without losing cultural flavor.Key Takeaways:(00:08 - 01:55) Live from the Fast Casual Executive Summit in Louisville Kentucky(02:05) Troy grew up in hospitality helping Dad build Miami hotspots.(02:28) Dad threw parties; Troy handled the catering. Culinary school and then business school.(03:32) Brought in to spice up Pepper Lunch's US growth.(05:25) Ten new stores in five years - aloha expansion!(08:18) Pepper Lunch salsa dances across three countries.(29:57) Elisia returned as L&L CEO to take over family BBQ biz.(30:47) Started small but ohana customers couldn't resist the grub.(31:28) L&L smokin' the franchise competition with tons of awards.(32:23) Success is in their secret sauce (and culture).(33:22) Franchisees get schooled in Hawaii for legit tropical vibes.(34:41) Uh oh—are appetite pills putting restaurants on a diet?(36:16) Automated kitchens cookin' up some 2024 innovation.

Continuing on where they last left off, Ernest and Barry, review quarterly earnings of client holdings including, Canadian Natural Resources, Tourmaline Oil, Apple, Ferrari, Live Nation and Restaurant Brands. But first, the guys discuss why indexing in Canada should be avoided.

Rich sits down with Ivan Flores - Restaurant Entrepreneur, Podcast Host, and CEO & Founder of Encinal Brands, home to several Mexican franchise restaurants including The Buffalo Spot, Blue Burro, and Taco Masa. Ivan grew up in Tijuana, Mexico and in 2013, he opened his first restaurant in Long Beach, California. Encinal Brands now has more than 50 restaurants across the United States and is on track to open 150 more in the next 5 years.Rich and Ivan start off by analyzing what the drug dealing and smuggling space looked like during Ivan's childhood in Tijuana. Rich and Ivan then discuss how Ivan got into the restaurant industry, the adrenaline working in a restaurant induces, Ivan's key to successfully starting a restaurant, how to delight guests during their experience, following the In-N-Out model, soft launching restaurants and businesses, the success that social media creates, how important location is to opening a restaurant, Limited Time Offers (LTOs), the most profitable food at a restaurant, and the timeline to accessing a liquor license.They also reflect on the restaurant franchise model, ensuring franchisees reach success, how the Chick-fil-a model of franchising works, the cost of opening a new location, the typical gross revenue for a restaurant, what could go wrong with the franchise model, the biggest marketing lever for restaurants, how uber eats can be a marketing tool, and the minimum wage in California.Lastly, Rich and Ivan talk about consumer being less price sensitive towards food, the current market slowdowns in the restaurant industry,  why Ivan and Rich invest their time in social media, the value of mentorship in the real estate and restaurant industry, the type of person that should open a restaurant, and what Ivan recommends doing in order to start a franchise.Connect with Ivan on Instagram: @mr.ivanflores --Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

Analizamos el mercado estadounidense con Rafael Damborenea, profesor de finanzas de Eude Business School.

What does it take to lead successful brands like Red Robin, Torchy's Tacos, California Pizza Kitchen, and Texas Roadhouse? G.J. Hart, current CEO of Red Robin, breaks it down for us, stressing the importance of remaining true to the essence of the brand while testing changes to keep it attractive to customers. G.J.'s insights are a treasure trove for anyone involved in the restaurant business so tune in and hear about his extensive experience and knowledge.On this episode, you'll learn from G.J. about:The hospitality modelInvesting in the right peopleCritical balance between consistency, differentiation, and authenticity More!Thanks, G.J.!

Fast food operator Restaurant Brands' half year profit has slumped more than 85 percent on the back of higher costs, staff shortages and global inflationary pressures. Kim Moodie has the business news.

Fast food retailer Restaurant Brands is warning of a big drop in profit as it faces significant cost pressures.  Anan Zaki has the business news.

Shareholders in New Zealand's main fast food company are having to swallow some tough financial news. Restaurant Brands, which owns KFC, Pizza Hut, Carl's Junior and Taco Bell is expecting to see just half the full year profit it achieved last year. It's due to inflation around both wages and the cost of ingredients. JMI Wealth Director Andrew Kelleher told Mike Hosking the company hasn't been able to claw back those expenses. LISTEN ABOVE  See omnystudio.com/listener for privacy information.

On this week's episode of Extra Serving, a podcast by Nation's Restaurant News, NRN editors Holly Petre, Leigh Anne Zinsmeister and Joanna Fantozzi spoke about the latest in Q2 earnings.As executive editor Alicia Kelso so eloquently put it in a piece she wrote last week, earnings season is like Christmas for the industry. A time to figure out how certain LTO campaigns worked for the major restaurant companies. This week, several big chains reported, including Starbucks, Papa Johns, Wingstop and Yum Brands. What are the themes the editors noticed and what do these results mean?Also, the editors talked about MrBeast Burgers. The crown jewel of the virtual restaurant industry has had some consistency problems documented on social media. As a result of these claims, MrBeast himself wants to divest from the company and is taking action to have his name removed from the concept. Is this the death knell for the virtual restaurant industry?Finally, the editors talked about the future of ChatGPT and generative AI in restaurants. Technology expert Fantozzi explained how companies are using the technology and some implications on labor in the future.This week's guest is Mark Wolok, VP of business development at Savvy Sliders.

The Interview Discusses:His remarkable turnaround of Domino's Pizza where he increased the share price by 23x.The opportunity he saw at Restaurant Brands that convinced him to invest $30 million personally in the company's shares (and pledge to hold it for 5 years).The dynamics of working for a company controlled by private equity firm 3G.The importance of franchisee profitability for his turnaround plan.Tim Hortons extraordinary success in Canada and how that can be replicated in other parts of the world. Why Burger King International is performing well and Burger King US is struggling.Could Tim Hortons alone eventually be worth more than Restaurant Brands is currently? His role as Executive Chairman.What it was like being on Jim Cramer's Mad Money.The difference between his role at Restaurant Brands where he is Executive Chairman and his role at Best Buy where he is Non-Executive Chairman. ---And much more! Nothing in this podcast constitutes investment advice.  Biography:Mr. Doyle was appointed Executive Chairman of RBI in November 2022 to accelerate growth for franchisees and shareholders. Most recently, he has served as an executive partner of the Carlyle Group, a global diversified investment firm, focused on the consumer sector. Prior to that he served as the chief executive officer of Domino's Pizza, from March 2010 to June 2018, having served as president from 2007 to 2010, as executive vice president of Domino's Team USA from 2004 to 2007 and as executive vice president of Domino's Pizza International from 1999 to 2004. Mr. Doyle has served on the board of directors of Best Buy Co., Inc. since November 2014 and has been the Chairman of Best Buy's board since May 2020.Important Disclosures. The information herein is provided by Boyar's Intrinsic Value Research LLC (“Boyar Research”) and: (a) is for general, informational purposes only; (b) is not tailored to the specific investment needs of any specific person or entity; and (c) should not be construed as investment advice. Boyar Research does not offer investment advisory services and is not an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”) or any other regulatory body. Any opinions expressed herein represent current opinions of Boyar Research only, and no representation is made with respect to the accuracy, completeness or timeliness of the information herein. Boyar Research assumes no obligation to update or revise such information. In addition, certain information herein has been provided by and/or is based on third party sources, and, although Boyar Research believes this information to be reliable, Boyar Research has not independently verified such information and is not responsible for third-party errors. You should not assume that any investment discussed herein will be profitable or that any investment decisions in the future will be profitable. Investing in securities involves risk, including the possible lThe Boyar Value Group's mission is to search for value on behalf of our clients. Since 1975, the Boyar family of companies has been relentlessly focused on discovering value for our clients. For more than four decades we have navigated through fads, gimmicks and market volatility. Utilizing value investing to try to create and preserve wealth has and always will be our sole focus. Our experienced team of analysts looks for diamonds in the rough, companies passed over by the rest of the investment community, but whose true value, in our opinion, significantly exceeds their current stock price. In essence, we are trying to buy a dollar for fifty cents. To find out more about the Boyar Value Group, please visit www.boyarvaluegroup.com

Stocks fell ahead of tomorrow's Fed decison and Jim Cramer is outlining the 4 major hurdles he's seeing that the market has to overcome this month. First, Restaurant Brands Executive Chairman Patrick Doyle joins Cramer to talk about the Tim Hortons brand, digital ordering trends and more. Then, how might tomorrow's Fed decision move the averages? Cramer's looking ahead and sharing what he expects from the major policy decision. Plus, Cramer's one-on-one with Logitech CEO Bracken Darrell. Mad Money Disclaimer 

In this milestone episode, we start the episode by answering some non-investment related questions from our listeners. We then talk about some of the weird answers that were given by Bing Chat and how meta is setting its sights on apple. We finish the episode with earnings from Airbnb, Canadian Tire and Restaurant Brands international. Symbols of stocks discussed: QSR.TO, ABNB, CTC-A.TO, AAPL, META, GOOG, MSFT Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon's twitter: @Fiat_Iceberg Braden's twitter: @BradoCapital Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor  Spotify - The Canadian Real Estate Investor  Sign up to Stratosphere for free

Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659$TSLA $TA $COIN $QSR $VERITesla (TSLA) -A play on competition in the electric vehicle space which continues to increase. On Wednesday, Berkshire Hathaway Vice Chair and Warren Buffett's long-time business partner, Charlie Munger, discussed why he and Buffett prefer one of Tesla's Chinese competitors, BYD. "BYD is so much ahead of Tesla in China, it's almost ridiculous," according to Munger. Munger pointed out BYD has raised prices for its vehicles in China while Tesla has had to cut prices multiple times. Berkshire owns almost 14% of BYD.TravelCenters of America (TA) -Thursday morning's biggest winner. Shares were up about 70% following news BP will buy the company for $86 per share.Coinbase (COIN) -The company will report quarterly results on Tuesday of next week.Restaurant Brands (QSR) -A play on an upcoming potential catalyst. The company's Chairman will host an event on Wednesday of next week at 1:30 p.m. EDT. The exec could discuss an outlook for Restaurant Brands; management outlook could move the stock.Veritone (VERI) -A play on conversational artificial intelligence (AI). The company unveiled Thursday morning its Veritone Generative AI, an enterprise-grade platform as a service focused on conversational AI.Hosts:Brent Slava Reach out to Brent at brent@benzinga.comSr. Reporter, Head of Benzinga NewsdeskMichael O'Connor Reach out to Michael at michaeloconnor@benzinga.comBenzinga Strategy Developmentpro.benzinga.comto make this content better!If you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Labour shortages continue to be a challenge for businesses, with many already paying above the minimum wage. Fast food giant Restaurant Brands, which operates KFC and Pizza Hut, is advertising for drivers - promising $10 minimum per delivery and up to $40 an hour. Flynn Drummond, general manager of the Nelson entertainment complex, Action Centre, is among those who've had to sweeten the deal to find someone for his vacant role.  

In this episode, we are joined by Lauren Fernandez, the Founder and CEO of Full Course, a restaurant development and investment firm that accelerates emerging fast-casual restaurant brands by guiding restaurant owners through a process of optimization, strategic growth planning and development, and supporting investment for rapid expansion. As an industry veteran who generates new revenue streams for companies by utilizing her expertise spanning all aspects of restaurant and franchise operations and development, consumer product development, and brand licensing, Ms. Fernandez brings to her clients and the board room multi-national experience in heavily regulated markets, including international mergers, acquisitions, and divestitures. Tune in to learn more!

My guest today is Rushir Parikh, CEO of Popchew, the brains behind restaurant brands like WingSZN, Snapback Kitchen, and Bitcoin Pizza. Depending on other creators you follow online, these restaurant brands might sound familiar because Zias, a Youtuber with nearly 5 million subscribers, Jack from Snapback Sports with one of the largest Snapchat accounts, or Anthony Pompliano, the investor with almost 2 million twitter followers have all launched food brands with Popchew in over 100 locations nationwide here in the US. He's also raised investor capital from names like Packy McKormick, Jake Paul, and more.Apply to be a Popchew Restaurant Partner: https://popchew.com/restaurantsPopchew Brands: https://popchew.com/Open positions at Popchew: https://angel.co/company/popchewRushir's Social Handles: https://www.instagram.com/rushikhhttps://www.instagram.com/eatpopchew/Rushir on Twitter: https://twitter.com/rushikhSola in NYC: https://apastabar.com/Bubby's in NYC: https://www.bubbys.com/This Place Called Wayan video: https://youtu.be/etyxyJZmvKo Steve Jobs Biography: https://geni.us/ElL4Rushir's Uncle's Restaurant's Cookbook: https://geni.us/9EP8f6—If you come across something you ended up having to search for, send me a message to help make these Show Notes better!Justin's Instagram: @justinkhannaFollow The Repertoire Podcast on Instagram: @joinrepertoire—What's next?

How to find the perfect franchise for you? We often hear real estate, stock market, and cryptocurrency as the alternatives to the regular 9-to-5 to earn money and grow our wealth. However, not often do we hear people say that they want to explore franchising businesses, and that's what Lance Graulich wants to change. A franchising expert, Lance also helps independent business owners to scale their businesses through this model. He drops by in our podcast to talk about the benefits of franchising in general and if there are franchising opportunities in the real estate space.  [00:01 - 03:52] Opening Segment Lance Graulich has been exposed to different investment opportunities Why did he choose the franchising business model?  How should a business be grown? Listen to Lance's suggestion [03:53 - 08:37] How to Select the Business to Franchise  You can be a semi-absentee or absentee owner with a franchise Here's how How to select the right franchise for yourself according to Lance Mindset and skillset are both needed to start a franchise What is the ratio between them? [08:38 - 17:37] How to Start a Business Franchise Are you looking for franchisees for your business? Here's how Lance is connecting potential franchisees with businesses Lance explains how you can 10x your EBITDA or cash flow through franchising The 3 elements that franchisees need to start a business franchise Are there franchising opportunities in the real estate space? Listen to Lance [17:38 - 18:32] Closing Segment Reach out to Lance See links below  Final words   Tweetable Quotes “At the end of the day, I point people in the right direction of successful franchises, and there's a step in selecting the right franchise for yourself. That is so powerful, we call it validation.” - Lance Graulich “Franchising is successful because it takes typically an idea that's already existed and just perfected it.” - Lance Graulich “...once you're set-up [in your business franchise]…your valuation, as you add franchisees, you could be worth 10 times your EBITDA or 10 times your cash flow. ” - Lance Graulich   -----------------------------------------------------------------------------   Email lance@franmore.com to connect with Lance or follow him on LinkedIn. How to find the perfect franchise for you? Check out ION Franchising to know how!   Listen to Lance on his podcast, Eye On Franchising, to know more about business franchising. Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: Lance Graulich  00:00 If your business is a very specialized restaurant, you probably want to fill up the region or area of the country you're at first or in first, before you, let's say, run across the country and go to California or New York, depending on where you are. That's why a lot of restaurant brands grow pretty with some pretty good geographic integrity. So we start to identify growth trajectory and all that.   Intro  00:23 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big.   Sam Wilson  00:35 Lance Graulich helps people find their perfect franchise business and he also sets up independent businesses to franchise. Lance. Welcome to the show.    Lance Graulich  00:45 Well, thanks, Sam. Happy to be here.   Sam Wilson  00:46 Hey, man, the pleasure is mine. There are three questions I asked every guest that comes on the show. In 90 seconds or less. Can you tell us where did you start? Where are you now? And how did you get there?   Lance Graulich  00:55 So where I started, born in Brooklyn, New York, the accent comes out just like that. Interestingly, I was I had a Polish immigrant grandfather that nobody could ever understand. He was the business owner. You know, I call it the trifecta. When you have, you know, owning a business, owning real estate, maybe investment firm, and then you got Wall Street. Those are the three major sort of Capstone investments. So grandpa, Izzy was the supermarket owner, and then grandpa Hyman he was a real estate attorney and played real-life monopoly. My mom and I were just talking about it the other day, he did all these syndications in the 50s, right, and big-time, throughout Brooklyn, he worked with Fred Trump, Donald Trump's dad, funny enough. And then you had my dad whose firm was the largest over-the-counter trading house on Wall Street. So I got a taste growing up of all the investment vehicles and opportunities. And, you know, I ended up on Wall Street with dad and quickly got into the franchise space. So but I'll skip ahead to where am I now? I'm a franchise broker. As you said, I find people their perfect business and educate people on the space that most people know nothing about or there's so many misconceptions. Maybe it scared them away. So franchise broker, I have my own podcast called Eye On Franchising, and let's see the last How did I get there? Let's see. I've owned franchises. When I left Wall Street, I joined an uncle who was a tech guy, and we built a $225 million a year Fridays Franchise Group, a lot of restaurants in the late 80s. I'm old, I'm 55 already. So fast forward, I own franchises like Wingstop and Krispy Kreme in different states and did really well. And I was a high-performing franchisee of those brands, president of franchise advisory councils. So I got there just based on experience, had a lot of brands as I was doing operations consulting because I love helping people. And a lot of people start to ask me, well, can you help me sell franchises? It seems like I can't really find somebody that knows my brand. And you're already on the inside of the company. Why don't you sell us and I'm from Brooklyn, I could sell anything. So here I am.    Sam Wilson  03:11 That is fantastic. Lance, there's so many directions, I could take this podcast today, I would say let me just throw out my conclusion. And you can tell me if I'm right or wrong. And that is that every business, whether we're real estate investors, or running a Wingstop, or whatever it is, should be organized in growing in such a way that someone else can take the same model and wash rinse repeat it no matter who they are.   Lance Graulich  03:37 Absolutely 100%. It's all about systems. It's all about procedures. And you know, the marketing these days, the Internet change the world, you know, used to be the Yellow Pages. Now, it's all about your social proof and social media. But the answer your question is absolutely.   Sam Wilson  03:53 What are some things, and yes, you mentioned systems and procedures and that kind of a catch-all phrase, what are some things that really happen or that prevent someone from really pushing, you know, kind of breaking through that wall that holds so many back or at least to get to a certain level of success and go no further?    Lance Graulich  04:11 Yeah, well, on the individual basis, I mean, there's a lot of independent business owners that, you know, they're stifled with their growth, either don't want to spend their own capital any longer and they feel like they've made it. Maybe they're making enough money. And it is a little bit harder. There is an, let's just say another level of effort that's required to continue to grow and scale your empire. But some people don't think that franchising could be right for them. And the crazy part about franchising is there's a franchise opportunity in every imaginable category. I represent over 700 franchise brands. And we're talking every category I mean, the real estate category alone is huge from property management. I'm setting up a mortgage franchise as we speak, but you know, let's flip it around to folks that are maybe real estate investors that are your regulars listening to your show. There are quite a few people, everybody's heard about diversification and multiple streams of income. And you can be a semi-absentee owner or even an absentee owner with a franchise. And that's where the systems and procedures come in because you have an opportunity to, you know, not necessarily be that trailblazer, that pioneer to create this model, it's already been perfected. And I know I get to understand my clientele and what it is they're looking for or not looking for.   Sam Wilson  05:36 Yeah. And I think that's a great point is that you get to step into something that's already created. I mean, the hard part in business, I don't think is necessarily correct me, if I'm wrong, going out and making the money. It is standardizing the process is standardizing I mean, all of the backend stuff that goes into actually making it work and getting the employee manuals and getting, I mean, that's the stuff that will just kill you. I mean, most of us are, you know, what, what book was it where he said that there were technicians having an entrepreneurial seizure? You know, book I'm talking about?    Lance Graulich  06:07 Yeah, I don't know. Is it E-Myth?   Sam Wilson  06:09 I mean, that sounds about right. But yeah,    Lance Graulich  06:12 No, you're 100% right, though. A lot of entrepreneurs, you know, your ego is not your amigo. And a lot of people let their ego step in the way, you know, I'm going to create my own business. Well, at the end of the day, there aren't that many great original ideas. And franchising is proof that, you know, you could reinvent the hamburger segment or the pizza segment, or do property management differently because you have the ultimate technology, and you've spent the money and the time. So at the end of the day, I point people in the right direction of successful franchises, and there's a step in selecting the right franchise for yourself. That is so powerful, we call it validation, where you have an opportunity to talk to existing franchisees. So if I'm talking to a real estate investor, you know, I'll think for a moment, right, which is my best brand, or brands for real estate investors, knowing that when they get to validation, they're going to talk to other people that maybe were real estate investors that, you know, found another opportunity to build wealth or generational wealth through this particular franchise. I mean, I know a guy that retired from the corporate world, he's a good friend of mine, he owns 20 franchise hair salon, and he's done real estate. He's done all kinds of things over the years. And he was just looking, look, I'm gonna get an SBA loan of $200,000, I'm gonna leverage my money. If I can get my money back in two and a half years, and I can grow something and make a half a million a year, I'll be happy. Well, he knows it's about a million and a half dollars a year off 20 franchise hair salons. It all started with a $200,000 SBA loan. He worked hard in the beginning. But here's the funny part. He doesn't know how to cut hair, right? And he doesn't even have hair. He's not even a client. But at the end of the day, that's what is so amazing about franchising, you don't have to know how to cook to be a McDonald's franchisee you know, it's just about following the template. People always say, and this is absolutely true. Mindset's probably 80% of being able to make money, get out of your own way. And then maybe you know, 20% is skill set, you know, are you good communicator? Can you follow a plan? Are you going to be able to adapt to a company culture where you're interacting with existing franchisees? And, you know, the best practices you learn from existing franchisees is pretty powerful, not just the actual system that's laid out before you.   Sam Wilson  08:38 Right, yeah, that's absolutely intriguing. I think that's one part of your skillset, obviously, is connecting potential franchisees with the franchisor. But then the other side of your business that I think is really interesting is the taking a non-existing franchise and helping someone figure out how to franchise that business? Can you talk to us a little bit about that?   Lance Graulich  09:00 Yeah. So what I do in the first call with folks, and I probably, I mean, last week, I probably had 10 calls just on setting an independent business up to franchise, I had a guy with the dry cleaners got 18 dry cleaners real estate investor. But as we all know, everybody listening to this call, and you certainly know yourself is when your cup runneth over, you have capital, there's only so much real estate that you can get your hands on. And if you're lucky enough to get your hands on more, that's wonderful. But everybody keeps their eyes open for well, what's the next thing? You know, there are a couple of stocks I want to buy. How's the market these days? But when it comes to franchising, I listen to what people's story is, because the story you know, the sizzle sells the stake. Well, the story becomes really important. How did this brand get started? Who is the person behind this brand? Is the owner of this brand, somebody that's likable that can be that cheerleader that can teach other people about this particular brand and being able to do the exact same thing. If the brand is based in Indianapolis, can this brand do well, in Memphis? Is there any kind of proof of concept already, to this particular brand? There are some brands like Dunkin Donuts, think about it. As successful as they have been in Massachusetts or in Boston where they were born, you know, they've struggled in their West Coast expansion over the years. Maybe it's because other coffee and donut brands are more established? Who knows? But they've had some unique problems. But at the end of the day, I listened for who are the people behind the brand that could be one person. But are you willing to assemble a team as you grow? The beauty, Sam, of franchise setup and growing through franchising? Once you sell a franchise, there's not really a mystery, you know, if it's a brick and mortar franchise, like a restaurant, it's going to take the franchisee time to find a location, it's going to take them time to do construction. So you don't have to grow and scale your team immediately unless, of course, you sold five franchises, you only expected to sell two. And you know, you add somebody to support them. But at the end of the day, do you have a unique idea? Do you have something proprietary? I always ask people, regardless of whether you're a restaurant or not, what's your secret sauce, like the mortgage franchise that we're setting up now, their secret sauce, let me tell you, they're already selling courses, teaching people how to start their own mortgage business in their respective area. They were already doing it and having a tremendous amount of success. And they immediately proved to me that they got something proprietary based on the years of experience, they already have a team of 35 in their office, and they're ready to show people across the country how to do it. So at the end of the day, what people also don't realize and business owners don't realize is yes, it's a few bucks to set up a franchise system. Franchising is regulated by the federal government federal trade commission. But once you're set-up, boy, your valuation, as you add franchisees, you could be worth 10 times your EBITDA or 10 times your cash flow. That adds up very quickly. I know quite a few people that you know, worth 20, 30, 40, 50,a lot more than that. $50 million-plus right from franchise.   Sam Wilson  12:25 Right. That's really, really intriguing, I guess, let's run the tape back a little bit because, you know, you said early on systems and processes. Tell me what do you, someone comes to you and they say, “Hey, I want a franchise.” You look at the business, you say, “Hey, man, your SOPs aren't in order. This isn't an order. That's not an order. You're not there yet.” Where do you send them?    Lance Graulich  12:46 Yeah, well, we can help them through a lot of this because basically, look, we're not technical whizzes at every single business period, however, we are franchise whizzes. There's three elements that we help people with in the setup. The first is that, Franchise Disclosure Document, which is regulated by the federal government. There's 23 items to it, it all starts with this strategic business plan to kind of uncover, once we press go, and we get a deposit, and put this thing in place. It's a four-month process. So we start uncovering every element of the business and understanding the strategy. For example, if your business is a very specialized restaurant, you probably want to fill up the region or area of the country, you're at first or in first, before you, let's say, run across the country and go to California or New York, depending on where you are. That's why a lot of Restaurant Brands grow pre with some pretty good geographic integrity. So we start to identify growth trajectory and all that. The second element is the franchise agreement, which is the contract that franchisees sign in order to be part of the franchise system. And then the third component to your point is the operations manual, you need an operations manual. So some people have that pretty well thought through or thought out, we just advise them where we help them. We let them know what they might be missing. But usually, on the technical side, they have it all together. Perhaps people have not thought of how to market maybe they're doing the marketing because they're already successful, but they haven't really put that to paper. Well, this is a four-month process. We can help anybody develop all this within the four-month period. So as far as the ops manual, there are quite a few franchise attorneys and groups. We do it all where you know, in some instances, they will send you somewhere else and say, “Yeah, you're not ready.” But there's quite a few people that I talk to are not ready, just because maybe they're too busy. Maybe they're not willing to dedicate the time to do this. But for the most part, if you can make a profit a nice enough profit that a franchisee could buy into your brand and they're part of the country and pay a royalty, the royalty is the ongoing fee which 4%, 7% It just depends on the type of business, that's how a franchise brand actually makes money is from the royalty.   Sam Wilson  15:06 Hmm. Right? Yeah, exactly. And then of course, you know that out of that royalty that they have to then provide backend support and a lot of the things that go absolutely with the reasons that someone else signed up to be a franchisee. That's really, really intriguing. When you think about real estate and commercial real estate in particular, is there anything that comes to mind you say, “Man, there are opportunities in that as it pertains to franchising?”   Lance Graulich  15:30 Yeah, I mean, there's opportunities for everything. I mean, years ago, some of the franchise attorney friends of mine, you know, we were talking medical and we're franchising has been in real estate forever. There's a lot of real estate-type franchises, you know, but medical is a big deal. I mean, I have some orthopedic surgeons started a regeneration center, became one of the hottest franchises out there. And by the way, it's perfect for real estate investors. It's a one-day-a-week business, you don't have to be a doctor to own it. You just hire a medical director, just like you people would do it with a med spa. So in the world of real estate, I mean, in the world of franchising, Sam, almost anything can be a franchise. You know, franchising is successful because it takes typically an idea that's already existed, and just perfected it. Waste Management, for example, picking up trash, dumpster rentals, it's been around for years, I probably have four amazing brands that do that. They didn't invent it, right? They put the marketing to it, they put the procedures to it. They just want investors like your listeners. And in fact, I'm working with a buddy of mine, that's an attorney, who you know, young guy in Atlanta with his business partner, they're falling in love with these dumpster businesses, hey, I got to do that. People no matter what if, they get their trash picked up. And you know, so just an example. But in the world of real estate, I have brands from property management, to have multiple very successful property management brands come to think of it. And home inspections. I have a brand called Hommati. Hommati is going to be on my podcast coming up soon. But Hommati is all about drone footage, and virtual all kinds of crazy using tech to your advantage to sell real estate. So a lot of fun stuff, virtual tours, all the photography, so anything relating to real estate can be a franchise.   Sam Wilson  17:21 Man, I love it. Lance, thanks for taking the time to jump on today and really talk about franchising, kind of the nuances of businesses and how they can prepare themselves for it. Things to look out for kind of got to hear both sides of the franchising equation there. So that was tons of fun. I learned a whole bunch from you. If our listeners want to get in touch with you or learn more about you what is the best way to do that?   Lance Graulich  17:43 Well, thank you, Sam. So on my website ION franchising.com. I-O-N, franchising dot com. I actually have a free assessment. It helps me determine and you based on your mindset skill set life experiences, what franchises could be best for you, and this contact sheet there as well. But please reach out. ION Franchising. That's also my podcast.   Sam Wilson  18:04 Thank you so much, Lance. Appreciate it. Have a good day.   Lance Graulich  18:06 My pleasure, Sam.   Sam Wilson  18:07 Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners, as well as rank higher on those directories. So I appreciate you listening. Thanks so much and hope to catch you on the next episode.  

Liz Moskow is the former VP of Brand Development at Ordermark/Nextbite. In this episode we'll talk about what it takes to create a virtual brand, how technology companies are deploying these brands across thousands of independent restaurants, and the pitfalls caused by a lack of transparency that has spread wide throughout the industry.

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