When it comes to developing a quick-service concept, Wingstop CEO Charlie Morrison understands that the economic model remains a large piece of the puzzle. In creating a strong franchise deal that fosters company growth, however, Morrison and many other quick-service leaders know that many other tiles complete the mosaic, including corporate support, marketplace differentiation, and sales momentum.
As winter storms continue to wreak havoc in the Midwest, Northeast, and Southeast U.S., a bleak sales picture among limited-service restaurants is starting to emerge.
Foodservice sales in the regions most affected by snow and ice storms dropped between 7 and 8 percent in January and February, according to foodservice consulting firm Technomic. National foodservice sales declined between 3 and 4 percent overall as a result.
Tin Drum Asiacafé completed the purchase of six franchised restaurants in Atlanta from three of its franchisees, establishing Atlanta as a cornerstone market for the brand. As part of the plan, Tin Drum will open five new company-owned restaurants throughout Atlanta and Augusta, Georgia, in 2014.
Quick-service CEOs love seeing their company climb to the top of the industry heap. But some leaders also like a good challenge and choose to walk away from successful brands for a new opportunity.
Making the switch can affect both companies involved, as well as the executive’s financial security. But some leaders have figured out a way to make sure all parties involved benefit from such changes.
Tin Drum Asiacafé announced its newest franchised location in Marietta, Georgia, in the Barrett Creek Plaza shopping center. The 1,800-square-foot unit, which is the first in Cobb County, will open the week of November 24. The unit will be operated by franchisee Hamad Mazhir, who already owns the Georgia State University Tin Drum.
Tin Drum Asiacafé, the Atlanta-based fast-casual franchise, was named a Best Company to Work For by the Atlanta Business Chronicle in the small business category (10 to 100 employees). Based on a questionnaire completed by employees, Tin Drum was praised for creating a fun and productive work environment, its teamwork, and for how the employees feel valued and supported.
Tin Drum Asiacafé celebrates its 10-year anniversary with a “Be the Beat of the Street” contest that will award a grand-prize winner with $1,000 and the title “10th Anniversary Tin Drummer.”
Atlanta-based fast casual franchise Tin Drum Asiacafé has added seven new positions to it leadership and corporate support team to shore up its substantial franchise and corporate growth.
Two industry veterans, both from Arby’s Restaurant Group, will join the leadership team in new roles: Ray Biondi will be chief operating officer, and Joe Ippolito will serve as vice president of operations.
The history books detailing the recent Great Recession will include plenty of obvious chapters: the subprime mortgage crisis, Wall Street bailouts, housing bubbles, and skyrocketing unemployment. But those volumes might miss a less visible element of the economic collapse: the crippling credit market that wreaked havoc by bringing business growth to a near standstill.
It’s back and bigger than ever. Now in its fourth year, our “Best Franchise Deals” report has become the can’t-miss list of top quick-service and fast-casual franchises, assessing factors such as investment-to-sales ratio, marketplace differentiation, corporate support to franchisees, and positive brand momentum.