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Leaders from Denny's Corp. and Walk-On's Sports Bistreaux stress the vital role of data for local franchise owners and corporate teams. Fasika Melaku of Denny’s and Kendall Ware of Walk-On’s highlight how data informs decision-making and performance improvements. Walk-On’s, a newer player in franchising, emphasizes data’s importance in benchmarking business aspects, while Denny’s focuses on influencing franchisees through data-driven insights. Read more on what was said here: https://lnkd.in/edDkrGhW A few of Branded Hospitality Ventures' portfolio partners are making great strides in data management and analytics in the hospitality industry! Make sure to check out Ingest, Brizo FoodMetrics, and Tattle. #technology #innovation #investing #venturecapital #marketing Gajen Indrakumaran Gaétan Corneau Mike Provencher Ian Delisle Daniel Meth Alex Beltrani Isabella Jiao Ron Ruggless Nation's Restaurant News

🥪 Deric Rosenbaum, President of Groucho's Deli recently shared with QSR why they're investing in training. "Opus provides us with agility that we did not have before,” says Deric. In particular, he explains how they've been able to get franchise buy-in on a new training platform and their future plans. Get his tips below. 👇 #traininganddevelopment #restauranttech

Leaders from Denny's Corp. and Walk-On's Sports Bistreaux stress the vital role of data for local franchise owners and corporate teams. Fasika Melaku of Denny’s and Kendall Ware of Walk-On’s highlight how data informs decision-making and performance improvements. Walk-On’s, a newer player in franchising, emphasizes data’s importance in benchmarking business aspects, while Denny’s focuses on influencing franchisees through data-driven insights. Read more on what was said here: https://lnkd.in/eQ38j8jd A few of Branded Hospitality Ventures' portfolio partners are making great strides in data management and analytics in the hospitality industry! Make sure to check out Ingest, Brizo FoodMetrics, and Tattle. #technology #innovation #investing #venturecapital #marketing

BREAKING NEWS Domino’s Pizza UK & Ireland Ltd has said it is prepared to buy a second brand to keep its franchisees investing within the company. Chief executive Andrew Rennie, who was reviewing the outlook for the company after his first 100 days in the post, has told investors part of the company’s growth plan for its UK & Ireland estate could involve taking on a second brand as many of its franchisees have started investing in other brands, looking for growth that Domino’s is currently unable to provide. Referring to his franchisees as “world class and hungry for growth”, he argued that having another brand as part of the group might help keep these franchisees investing within the company. He added: “If I could somehow bring them back into the fold, into one group and get more synergies from being together as one, then I should consider it.” Rennie told investors that bringing franchisees that want to invest more widely back “in-house” with another brand would ensure that the money Domino’s invests in training is well spent and not working to the advantage of another business. But he emphasised that the group isn’t going to “rush out” and buy another brand for the sake of it and that there are significant “guardrails” in place of what that brand would need to look like. He said the company would look for a profitable brand that isn’t a start-up, but one that has “a significant growth runway”, and it would also look for a business with “brand and product synergies”. Rennie said: “I’m patient, I’m not in a hurry. We don’t need to do it and we’ve got plenty of growth. But if the right thing comes along, and I think it fits all those categories, we will seriously consider it.” Part of the plan will see an “experienced Domino’s operator” join as director of joint ventures/corporate estate in February 2024. Domino’s currently has 1,316 stores in the UK & Ireland, having added 60 in 2023 – almost double the number than in both 2021 and 2022. It has 31 corporate stores in London, representing circa 2% of its estate, plus joint ventures, associates and investments in over a further 135 stores. These include franchisee Full House, which has 62 stores where Domino’s itself holds a 49% share. It has a FY22 profit contribution of £3.1m and a book value at end of FY22 of £13.4m. Fellow franchisee Victa has 26 stores where Domino’s itself holds a 46% share. It has a FY22 profit contribution of £0.8m and a book value at end of FY22 of £7.5m. A further franchisee, West Country, has 14 stores where Domino’s itself holds a 50% share. It has a FY22 profit contribution of £0.1m and a book value at end of FY22 of £4.2m. Private investor Shorecal, meanwhile, has 33 stores where Domino’s itself holds a 15% share. It has a FY22 profit contribution of £1m fair value movement, and a book value at end of FY22 of £11.3m. 👉 Find out the latest hospitality news first by signing up to the Propel email newsletter for free, here: https://lnkd.in/g_vS_S7

🚀 Major Industry Shake-Up: RBI's Game-Changing Move! 🍔 🌟 Attention, QSR Enthusiasts & Entrepreneurs! Restaurant Brands International (RBI) just made a bold play in the fast-food arena by acquiring Carrols Restaurant Group, the largest U.S. Burger King franchisee, as of January 16, 2024. This isn't just big news – it's a masterclass in industry evolution. 📊 Carrols, a powerhouse since 1976, has been running 1,022 Burger King outlets, raking in about $1.8 billion in sales. But here’s the twist – RBI isn't just expanding; it's redefining the QSR landscape with a massive modernization wave. 🌊 🛠️ Here's Why This Matters to You: RBI's massive $500 million investment to remodel 600 restaurants in the next five years signals a new era in QSR – where innovation, local community ties, & an enhanced dining experience become key. It's a playbook worth noting for every restaurant operator! 📈 🔥 Tom Curtis of Burger King emphasizes this as a turbo-boost to their 'Reclaim the Flame' plan, aiming to revolutionize customer experience. This strategic shift is a goldmine of insights for QSR operators looking to stay ahead of the curve. 💡 🌍 Community-Centric Approach: The plan to refranchise remodeled outlets to local operators is a masterstroke, blending global brand power with local community engagement – a formula for long-term success. How can your business tap into this trend? 🤔 🌐 RBI's Blueprint for Success: Beyond remodelling, RBI's strategy includes a mix of innovation, marketing, & tech enhancements. This follows their hefty $400 million investment announced in 2022. It's clear – the future of QSR is dynamic & customer-focused. 🚀 💬 Let's Spark a Conversation! This acquisition isn't just a news headline; it's a learning opportunity for all of us in the QSR & business community. 👉 What's your take on this strategic move by RBI? 👉 How can local businesses adapt to these industry shifts? 👉 What innovative strategies are you considering for your restaurant? Drop your thoughts, questions, & strategies below. Let's brainstorm & grow together in this exciting QSR landscape! 🌟 #RBI #BurgerKing #QSRIndustry #BusinessStrategy #Innovation #CommunityEngagement #RestaurantBusiness #Modernization #Entrepreneurship 🔗 Don't forget to like, share, & follow for more insights & discussions on the latest in the QSR industry! Let's navigate these exciting times together! 🤝📈

The Dos and Don'ts for emerging brands looking to franchise in the restaurant space. A simple and straightforward piece that offers guidance and highlights some valuable points about entering this space. And great to see many of these helpful pointers added by our partners over at Capital Tacos. Check out this article to learn some tips, tricks, and real-life anecdotes from emerging franchisors and experts in the industry. #tacosdoneright #tacos #fresh #quality #growth #multiplebusinessmodels #capitaltacos #franchiseopportunities #raintreebrands

Every brand has some franchisees who have real aspirations about becoming much bigger. Franchisors who tap into that desire can help those franchisees achieve their goals. Here, we see Domino's thinking about adding a second brand to their business to help franchisees expand rather than them looking externally fir opportunities. It's a win win. What are you doing to help your top performing franchisees with growth ambitions to get to where they want to go?. #franchise #franchising #growth

Ron Ruggless Nation's Restaurant News tells us TGI Fridays combining with Hostmore plc the brand’s largest global franchise owner and the US company would be a publicly traded listing on the London exchange "TGI Fridays has agreed to merge with its 89-unit United Kingdom-based franchisee, Hostmore plc, the companies announced Tuesday. Dallas-based Fridays said Hostmore was its largest global franchisee. Terms of the all-share merger were reported to be about $220 million U.S. The companies said the deal, which is expected to close in the third quarter 2024, would offer the casual-dining restaurant company operational and financial flexibility and increased scale and capital to deliver continued revenue. The combined company would be traded publicly on the London Stock Exchange as “TGIF.” TGI Fridays said it had $1.4 billion in systemwide sales in 2023. Upon completion of the transaction, the new combined entity would be named TGI Fridays plc. The brand’s U.S. and global operations would remain at the company's Dallas headquarters under the leadership of Weldon Spangler, the current CEO, the brand said. The combined entity would have 189 corporate-owned restaurants in the United States and the United Kingdom for nearly 600 restaurants across 44 countries. In January, TGI Fridays said it would be closing 36 underperforming U.S. locations and sell eight restaurants to its former CEO. "We have been laser focused on revitalizing the brand and driving growth through consumer-centric offerings, the optimization of our restaurant portfolio and the addition of senior team members,” Spangler said in a statement. “This transaction represents the next step in our journey as it increases our corporate-owned restaurant locations and provides capital to expand our presence globally.” Stephen Welker, chairman of Hostmore, said: “This acquisition would give us the scale and flexibility to accelerate our existing strategy and enhance the financial outlook for Hostmore and scope for shareholder returns.” TGI Fridays is controlled by TriArtisan Capital Advisors, a U.S.-based private-equity firm, with ownership stakes in several global consumer recognized dining concepts including P.F. Chang's China Bistro and Hooters of America, the sports bar, media, and entertainment company." https://lnkd.in/ep_PHsSx #QSR #Entrepreneur #Restaurants #Franchise #Franchising #FranchiseChat Chainformation Altir Industries, Inc. Franchise Pipeline Franchise Development Outsource Ned Lyerly Joe Caruso Michael (Mike) Webster PhD Anders Hall Jonathan Martin Michael Scherr John Neitzel Christer Jansson    

Dive into the latest article on maintaining brand consistency across multiple franchise units while catering to local tastes! Authored by Eddy Goldberg, this insightful piece features perspectives from seasoned multi-unit franchisees sharing their strategies and experiences. Discover how they leverage market preferences, implement robust training, and adapt to diverse consumer behaviors. Read now: #FranchiseInsights #LocalTastes #BrandConsistency

First of all, there's growth: Dunkin' fell out of our Top 10 in 2022 (it was No. 11) after its units dropped; that wasn't long after its acquisition by Inspire Brands, which was clearly making some changes. But now its growth is back in positive territory — with 9,339 U.S. franchises and 4,033 international ones — which helped secure Dunkin' a spot in our Top 10 for the 15th time in 20 years. And there's another big shift at Dunkin' — an increasing presence in American culture. https://lnkd.in/ee6Zfrdm