Applebee's Neighborhood Grill + Bar’s Post

In 1974, Ray Kroc, the founder of McDonald's, was asked to speak to the MBA class at the University of Texas at Austin. The class adjourned and the students asked Ray if he would join them at their favorite hangout to have a few beers. Ray graciously accepted."What business am I in?" Ray asked, once the group had all their beers in hand."Everyone laughed," said Keith. "Most of the MBA students thought Ray was just fooling around."No one answered, so Ray asked the question again. Finally one brave soul yelled out, "Ray, who in the world does not know that you're in the hamburger business." Ray chuckled. "That is what I thought you would say." He paused and then quickly said, 'ladies and gentlemen, I'm not in the hamburger business. My business is real estate." Yes, McDonald's sell Burgers & Fries but that's not their main secret. Their Main Secret & Business is in Property. McDonald's own Billions worth Real Estate worldwide. With 38695 Restuarants all over the world. 85% of all McDonald's business is Franchises which means Corporation owns the Land & Rents it to Franchises. Thus they're able to bring in a Hefty fee of 4.5 Billion USD annually. McDonald's is a Massive Real Estate Empire. Infact, Retailing is all about How we are able to Attract Footfall to the Real Estate. #mcdonalds #retailing #realestate #management

Ray Kroc’s encounter with the McDonald’s brothers years ago led to a remarkable revolution of fast food franchise. With conviction and determination, Kroc saw the potential of McDonald’s and exploited it to create a bigger and better version of the original. He sold these franchises to wealthy individuals who bought into his vision, and they ultimately became proud owners of McDonald’s branches. But as months passed, the menus started changing, and the system began to reveal its flaws. The new owners, many of whom did not understand the essence of the original McDonald’s system, started making changes that were counterproductive. In truth, the most successful McDonald’s owners were those who worked their way up the ladder, starting as ordinary employees, and eventually emerged as leaders who understood the strategy and psychology of the fast food industry. . . . . . #mcdonalds #leaders #originalsystem #knowthesystem #biggervision

In our upcoming episode, we're honored to feature guest speaker James Cammilleri, CEO of JSC Management Group, and his impressive journey. James, along with Sarah Cammilleri, leads JSC Management Group, which owns and operates over 60 thriving Burger King restaurants across Massachusetts, New York, Connecticut, and Rhode Island. James's passion for business was ignited at a young age, influenced by his family's rich background in the hospitality industry. Under JSC Management Group's expert leadership, they oversee a total of 69 Burger King restaurants in NY, CT, MA, and RI. Their executive team boasts an impressive 85+ years of collective Burger King experience. Their dedication to excellence is evidenced by their prestigious title as the 2020 Burger King Franchisee of the Year, consistently holding the #1 position in the Northeast region among active franchisees. They set the bar high in food and labor profitability, maintaining the utmost standards in quality, service, cleanliness, and image to ensure unparalleled customer satisfaction. Stay tuned for more info on this exciting episode, set to release tomorrow! 🎙️📅 #foodindustry #franchisee #entrepreneur #hospitality #business #leadership #successStory

Real conversation that franchise owners attending the National Restaurant Association show SHOULD be having 🤣 Troy Hooper, Mark J. Bailey, and the Asia leadership team will be there meeting with vendors and potential franchisees. But if you'd like to meet and talk franchising, comment below or DM me. We'll try and make it work!

How is Papa John’s ‘Back to Growth’ Program encouraging franchisees to open more stores? Papa John's is poised to grow significantly with a strategic agreement involving one of its top franchisees, The Bajco Group. This partnership aims to establish 50 additional restaurants by 2028, expanding Papa John's footprint across key markets in the Midwest, Arizona, Pennsylvania, and Florida. The initiative reflects Bajwa's ambition to own 500 Papa John's establishments and underscores Papa John's commitment to supporting franchisee success. This expansion follows recent leadership changes at Papa John's, with former CEO Rob Lynch stepping down and Ravi Thanawala assuming the interim chief executive role. Additionally, Papa John's unveiled the Back to Growth Program (B2G Program) earlier this year, a developmental initiative designed to accelerate store expansion in North America and foster franchisee growth. With over 5,900 restaurants worldwide, Papa John's continues to strengthen its global presence from its co-headquarters in Atlanta and Louisville, Ky. 👉 Click link for details: https://lnkd.in/grwDcfZf #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #papajohns

This morning, we announced our results from the fourth quarter and fiscal 2023. For the full year, First Watch surpassed several significant milestones – including nearly doubling our system-wide sales since 2019 to more than $1 billion and celebrating the opening of our 500th restaurant! All of this is possible thanks to our people – now more than 15,000 strong – whose dedication to hospitality and customer service continues to shine without equal in our industry.  Fiscal 2023 highlights include: • Over $1 billion in system-wide sales • 51 new system-wide restaurants opened across 19 states • 23 restaurants added to our company-owned fleet through strategic franchise acquisitions • Same-restaurant sales growth of 7.6%* • Same-restaurant traffic growth of 7.5%* *2023 was a 53-week year for First Watch. Comparison to the 53 weeks ended January 1, 2023, is provided for enhanced comparability. For our full Q4 and fiscal 2023 results and definitions: https://lnkd.in/eHK_Vnrg #FWRG #Earnings #DaytimeDining

Little Caesars Rise in Multi-Unit Expansion! 🍕 Little Caesars isn't just making pizzas; we're making history in multi-unit growth! Great article spotlighting our exceptional journey. From pioneering new markets to empowering franchisees, we're setting the standard for success in the QSR industry. Hungry for a slice of the action? Let's chat about the boundless opportunities in your area! #LittleCaesars #QSR #MultiUnitGrowth #FranchiseOpportunities

Level up your franchise with FranConnect's extensive range of brand-changing capabilities. From cutting-edge lead management tools to a top-notch learning management system designed specifically for front-line employees, we have everything you need to elevate your business. Don't wait any longer - schedule a demo today to discover how we can take your franchise to new heights. Click the link below to learn more. Click here to schedule a demo: https://lnkd.in/e46G3VKg #franchise #franchisebusiness #growmyfranchise #traininganddevelopment #franchisedevolpment #franchiseCRM #franchisesuccess #franchiseconsultant #ceos #directorofoperations #franconnect #franchiseexpansion #franchisenow

To all Pizza lovers out there, MOD Pizza is on the Brink of Bankruptcy. They are closing multiple locations due to underperforming stores and financial struggles, possibly leading to bankruptcy. The shift from rapid expansion to profitability focuses on economic challenges affecting the restaurant industry and rising operational costs. The company closed 26 stores in April 2024 across 11 states and D.C. While closing some locations, MOD Pizza still operates hundreds of stores nationwide and is restructuring to improve its financial position. Also, In June 2024, 15 Pizza Hut locations in Indiana abruptly closed, shocking employees and customers. This is part of a more significant conflict threatening 129 additional Pizza Hut restaurants across four states. The situation stems from a dispute between Pizza Hut and a major franchisee, EYM Group, over financial and operational issues. This event highlights the potential instability of the franchise business model, where disagreements between franchisors and franchisees can lead to sudden closures and significant changes in local markets.

On this episode of Dana Delivers, former CEO and current Chief Development Officer of Rock N' Roll Sushi, Chris Kramolis, shares his entrepreneurial journey from working as a busboy in Arkansas to opening Tropical Smoothie franchises to leading the exponential growth of Rock N’ Roll Sushi. He discusses how the brand has made sushi approachable through its fun, rock music atmosphere and unique flavors (we’re looking at you, Sweet Home Alabama roll!) expanding rapidly across the U.S. Chris shares how technology can further streamline sushi preparation and how once you’re in the restaurant business, you’re in it for life. #Aprio