Sparkfly’s Post

One of the most common ways to compare #franchiseopportunities is to look at AUV (Average Unit Volume). Here's a great example; while McDonald's and Wendy's certainly have more recognized brand names, did you know the average Chick-fil-A restaurant does TWICE as much in sales versus the more mature competitor? Don't always count on the well-known brands for your business success - sometimes those "new kids" offer greater #opportunities! https://lnkd.in/gPPYZw7Z

AI adoption is everywhere, but how can you best leverage this technology to benefit the needs of your restaurant franchise? A recent report reveals 7 of the most effective areas to use AI in the restaurant world. Read more now:

AI adoption is everywhere, but how can you best leverage this technology to benefit the needs of your restaurant franchise? A recent report reveals 7 of the most effective areas to use AI in the restaurant world. Read more now:

Great piece by Jonathan Maze over at Restaurant Business Online on the astounding performance of Chick-fil-A franchisees in 2023. With AUV's of $9.4 million, with the highest coming in at $19 million, Chick-fil-A is without a doubt, the most profitable franchised business in the US. Jonathan's analysis on Chick-fil-A's operations and financial outlook is spot-on in saying "the brand has also ensured that its growth doesn't get out of control. Too many brands, when they generate early success, push overly aggressive unit growth at the expense of unit economics, spreading demand too thin. The most successful brands over the long term work hard to ensure that each individual location can work well on its on. Chick-fil-A is the best example of this, given that it operates just 3,000 locations, far less than any other major U.S. restaurant chain". This is a crucial point for emerging brands as they work to become fully established in the franchise space. Only once your unit economics are in order, is longevity and grand expansion possible. In today's world, the data-driven franchisee is crucial for success in franchising. Tools like the solution offered by ProfitKeeper by PrimePay, work to increase visibility into P&L and KPI data for franchisees by providing an interactive, user-friendly platform that highlights areas for improvement that will produce growth at the unit-level. If you'd like to learn more, send me a message! #franchising #growth #chickfila

AI adoption is everywhere, but how can you best leverage this technology to benefit the needs of your restaurant franchise? A recent report reveals 7 of the most effective areas to use AI in the restaurant world. Read more now:

AI adoption is everywhere, but how can you best leverage this technology to benefit the needs of your restaurant franchise? A recent report reveals 7 of the most effective areas to use AI in the restaurant world. Read more now:

AI adoption is everywhere, but how can you best leverage this technology to benefit the needs of your restaurant franchise? A recent report reveals 7 of the most effective areas to use AI in the restaurant world. Read more now:

Austin Turner KTLA reports on franchise business in California. "A popular fast-casual pizza chain founded in Southern California will soon be taking its headquarters to the South, according to reports. First reported by Restaurant Business Online, Blaze Pizza, LLC, which first opened its first store in Irvine before expanding throughout the U.S. and internationally, will be moving its HQ from Pasadena to Atlanta. NBA legend LeBron James joined on as a part-owner in 2012. In a statement to Restaurant Business, Blaze’s CEO cited opportunities for growth as reasoning for the transition. California is where this brand was born more than a decade ago, and we have a tremendous heart for communities across the state where so many of our restaurants are,” CEO Beto Guajardo said in a statement. “Moving our corporate headquarters to Atlanta will help us drive our next wave of growth.” The move to the South aligns with population trends in the nation, as more and more people are moving to that part of the country. Blaze was founded in 2011. The chain serves pizza in a manner similar to a sandwich shop, where customers select ingredients for their pies as the workers create them. s of the end of 2023 the chain operated 295 units in the U.S., including 93 in California, according to Restaurant Business. It currently operates just five locations in Georgia. Though Blaze didn’t specifically state that the departure was due to any concerns with the cost of business in California, studies in recent years have shown that companies are fleeing to cheaper states. A 2022 Kosmont-Rose Institute Cost of Doing Business Survey showed that Los Angeles County was the most expensive in Southern California for running a business." https://lnkd.in/eKZ3_SYS #QSR #Entrepreneur #Restaurants #Franchise #Franchising #FranchiseChat Chainformation Altir Industries, Inc. Selling Franchises Boot Camp Titus Center for Franchising at Palm Beach Atlantic University Franchise Pipeline Franchise Development Outsource Ned Lyerly Joe Caruso Michael (Mike) Webster PhD Anders Hall Jonathan Martin Michael Scherr Delaney Hetzer Dr. John P. Hayes, CFE

AI adoption is everywhere, but how can you best leverage this technology to benefit the needs of your restaurant franchise? A recent report reveals 7 of the most effective areas to use AI in the restaurant world. Read more now:

AI adoption is everywhere, but how can you best leverage this technology to benefit the needs of your restaurant franchise? A recent report reveals 7 of the most effective areas to use AI in the restaurant world. Read more now: