Little Caesars Pizza’s Post

We are excited to share that our President & Franchise Owner, Austin Kassner, was named the 2024 Millennial Rock Star by Franchise Business Review. Austin’s leadership style based on transparency, curiosity, and employee empowerment, as well as his commitment to community values, have positioned him as a standout within the Spherion franchise network. Check out the full feature (including an interview with Austin) to learn more about our “rock star” franchisee!

If you watched the Super Bowl this weekend, you probably saw the Dunkin' commercial, right? Most people probably chuckled at the quick 1 minute clip of Ben Affleck's journey to becoming a pop star and thought nothing else of it (other than possibly craving some Dunkin') but it brought a different emotion for me. For me, it highlighted the power of franchising. You see, Dunkin' is a franchise brand. With over 8,000 locations in the United States, it's a very large franchise brand but each of those locations are independently owned and operated by franchisees. When you consider the fact that a 30-second ad during Super Bowl LVII costs around $7 million, those commercial slots are out of reach for many business owners. That's where the power of franchising comes into play. Dunkin' franchisees all contribute a percentage of their revenue to a collective advertising fund that can then be used for larger scale national advertising programs, like what you saw Sunday night. Not every franchise brand is going to advertise at the Super Bowl but it still highlights an important aspect of franchising which is that by pooling resources of the collective franchise system, much larger reach can be obtained than as a single outlet. #franchising #superbowl #advertising

🚨 #NFLInsights | Understanding the Franchise Tag: A Strategic Move in Football Contracts 🚨 In the high-stakes world of the NFL, the franchise tag plays a pivotal role in team strategies and player careers. But what exactly is a franchise tag, and how does it impact players and teams? Let's dive in! 🔍 Franchise Tag Explained: The NFL franchise tag is a contract mechanism that allows teams to retain a key player for an additional year under specific financial conditions. It's divided into two types: Exclusive Franchise Tag: The player cannot negotiate with other teams. Their salary is set at the higher of the average of the top five salaries at their position for the current league year after the conclusion of the restricted free agent period, or 120% of their previous year's salary. Non-Exclusive Franchise Tag: The player can negotiate with other teams, but the original team has the right to match any offer or receive two first-round draft picks as compensation. The salary is determined by the average of the five largest "Prior Year" salaries at their position. 💡 The Impact and Trends: From 2013 through 2023, 73 franchise tags have been placed on NFL players. This strategic decision involves not only keeping a player for another season but also effectively negotiating and managing the team's salary cap. Interestingly, data from OverTheCap reveals a notable trend: Out of these 73 tagged players, 28 have reached long-term contracts with their teams before the July 15th deadline. That's a solid 38% success rate in converting a short-term solution into a long-term commitment! 📈 Why It Matters: For teams, the franchise tag is a tool to ensure continuity and stability, allowing more time to negotiate a fair long-term deal. For players, while it guarantees a high salary for the year, it also poses risks and uncertainties about long-term security. 🔄 A Strategic Chess Game: The use of the franchise tag is a complex dance between leveraging salary caps, managing team dynamics, and securing player loyalty. Each tag decision can significantly impact the team's future and the player's career trajectory. 💬 Let's Discuss: How do you view the strategic use of franchise tags in the NFL? Can this mechanism be improved for both players and teams? #NFL #SportsManagement #FranchiseTag #PlayerContracts #TeamStrategy Data Courtesy: OverTheCap

Excited to attend Slow Ventures x Wefranch franchise pitch event in New York City on January 10. Our company NPC Labs is building product distribution infrastructure & manufacturing for creators and brands that want to transform their IP into global franchises. This works differently than traditional franchises. A product distribution franchise is a type of franchise business where a product manufacturer agrees to sell their products through a distributor. In this case, we’re the product manufacturer and we work with creators & brands to manufacture and distribute products to their global communities, earning them newfound revenue & building long-term credibility & trust with their audiences. Well-known examples of large companies that scale distribution for major brands includes Fanatics (~$30B). They’re trailblazers and do this best for the sports industry. We’re building for artists and content creators who will become the major brands of this century & dominate the next generation of consumer products.

Taking the Franchise realm by storm, Delight Restaurant Group, steered by the dynamic Krumholz duo, has made waves yet again with the acquisition of 65 Wendy's joints. A move that further solidifies their position among the most influential franchisees in the nation. In a business environment where many are cautious due to increased interest rates and valuation worries, it's quite profound how Delight Restaurant Group remains resolute in their pursuit for growth. Intriguingly, this continued trend of private equity (PE) acquisitions of multi-unit franchise operators is changing the dynamics of the franchising industry. These well-funded PE firms are now not only taking ownership of the franchisors but are also progressively acquiring franchisees, contributing to an evolution in the franchise landscape. With Delight Restaurant Group's latest acquisition, its bold portfolio now boasts 226 restaurants and an impressive $500 million in sales. Their strategic roadmap seems to be built on inorganic growth, clearly demonstrated by their history of successful acquisitions from both franchisors and fellow franchisees. This trend begs the question - how will the proliferation of large, well-funded players on both sides of the franchise equation impact the industry? While some may view this as a shift in power dynamics, others could be watching the creation of a new era of collaboration that might redefine how the franchise industry operates. One thing is for certain though, the franchise industry is heading for an interesting ride, and Delight Restaurant Group is seated firmly in the driver's seat. What are your thoughts on this evolving scenario? #franchise #franchising

What is the NFL’s franchise tag? What’s the difference between the non-exclusive tag, exclusive tag and transition tag? How much do tagged players earn? Who are the top candidates to get tagged? Here’s everything you need to know about the franchise tag:

How do the big names in the franchise industry build their wealth? They don’t usually create franchises from scratch. Instead, they take an existing model and build a whole organization to run it. This isn’t easy. It takes a lot of capital, staff, and a solid management structure. Think of it as setting up a mini franchise system within an existing one. Large food chains like McDonald’s and Burger King do this, but it’s not something most franchise buyers would start with. However, for those who can manage it, buying into a franchise and fully integrating into the system is less risky and more profitable than starting a brand from the ground up and opening many units. It’s a quicker and more rewarding path to success. #FranchiseIndustry #BusinessManagement #InvestmentStrategy

This is one of our favorite success stories to date. Let’s talk about @Burger King’s bold move! Even giants like Burger King encounter challenges in the franchise world. Let's dive into their recent shift acquiring franchise locations. 🍔 Many brands like Burger King rely heavily on franchisees, minimizing physical asset ownership. 🍔 Unlike McDonald's, Burger King's purchase of franchise locations raises eyebrows at potential struggles. 🍔 What's behind this move? It might suggest a push for more control and brand revitalization. 🍔 Implications for the Franchise Landscape: Burger King's strategy prompts smaller franchisees to assess their own operations. 🍔 Speeding up store renovations aims to elevate customer experience and regain competitiveness. 🍔 Parent company Restaurant Brands International juggles innovation and franchisee relations. Enjoyed this fun case study? Follow us for more!

How do the big names in the franchise industry build their wealth? They don’t usually create franchises from scratch. Instead, they take an existing model and build a whole organization to run it. This isn’t easy. It takes a lot of capital, staff, and a solid management structure. Think of it as setting up a mini franchise system within an existing one. Large food chains like McDonald’s and Burger King do this, but it’s not something most franchise buyers would start with. However, for those who can manage it, buying into a franchise and fully integrating into the system is less risky and more profitable than starting a brand from the ground up and opening many units. It’s a quicker and more rewarding path to success. #FranchiseIndustry #BusinessManagement #InvestmentStrategy

Did you know that the complexity of ownership structuring can make or break your legacy within family-owned multi-unit franchises? 🏗️ Join us in an enlightening discussion with Jeff Bannon, Nate Riordan, and Greg Sisa, exploring the intricacies of business structuring and financial management across multiple franchise brands. Learn to navigate the complexities of ownership, voting shares, and financial strategies to secure your legacy. https://bit.ly/3FZ1FAc #FamilyBusiness #OwnershipStructuring #LegacyPlanning #SuccessionPlanning