Formalized programs and career development resources help multi-unit franchisees extend their culture beyond the buzzwords to retain talent. And hiring experts say while compensation matters, making employees feel appreciated can prove even more important.
With Flynn Restaurant Group's acquisition of NPC International set to close this month, CEO Greg Flynn said he relies on his company's decentralized structure to make large purchases without "disrupting" daily operations. That and avoiding hubris are keys to success.
As more states, areas and entire regions attempt to return to normal, limited-service restaurants have to navigate a lot of complexity.
Paul Edgerly of VantEdge Partners says many family offices are investing for the long haul.
Unbridled Capital’s Rick Ormsby notes family offices often look for a strong existing management team before investing in a franchise.
While many of their exact identities are still unknown, more family offices are emerging from the shadows to invest in franchising, taking stakes in huge franchisee operations such as GPS Hospitality, which is nearing 500 units across Burger King, Popeyes and Pizza Hut.
The wildly popular Impossible Burger has QSR brands rethinking non-meat offerings.
The Impossible Burger comes frozen and pre-formed, making meat-free operations easy.