Insights into Scalable Franchise Models with Capriotti's David Bloom

Insights into Scalable Franchise Models with Capriotti's David Bloom ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ May 5, 2024 Insights into Scalable Franchise Models with Capriotti's David Bloom We're diving deep into the world of fast-casual dining with David Bloom, the Chief Development and Growth Officer for Capriotti's and Wing Zone. With a rich history of scaling brands to global success, David shares his insights on the economic models that drive profitability, the journey of franchising versus starting from scratch, and the technological advances shaping the industry. From the roots of Capriotti's over 40 years ago in a little Delaware row house to Wing Zone's international expansion, David discusses the challenges and strategies of opening in diverse markets and maintaining quality during rapid growth. Join us as we explore the crucial elements of building a successful franchise and learn why mentorship and aligning with a company’s vision are keys to success in the highly competitive restaurant space. [Facebook]( [Instagram]( [Youtube]( [Linkedin]( Welcome to the 'WISKING IT ALL' Podcast – the series where we engage with hospitality professionals and trailblazers who've wagered it all in their pursuits. Join us in exploring their journeys, understanding their motivations, and uncovering the secrets behind their success. Every week, we'll deliver two impactful ideas and one essential insight from our podcast episode, offering perspectives that could fundamentally transform your hospitality business. If you find value in our show, please consider subscribing and leaving a rating on [Spotify](. Your support is vital in helping us grow. Curious about the challenges and lessons I learned while building WISK? Sign up [here]( and join me as I reveal exclusive insights and effective strategies from our successful journey. Your Host, Angelo Esposito THIS WEEK’S EPISODE Meet David Bloom. David Bloom is an accomplished C-level executive with over 25 years of leadership experience in strategic brand expansion, both nationally and internationally. As the Chief Development and Growth Officer at Capriotti's Sandwich Shop and Wing Zone Franchise Corporation, he masterfully directs all aspects of franchise development, company-owned and franchise operations, and training initiatives. His strategic acumen has propelled a 25% increase in annual growth, responding adeptly to the growing demand across global markets. David's commitment to operational excellence and ethical practices ensures that he aligns with organizations that not only meet but exceed industry standards while supporting his professional ethics and goals. In this episode, we explore the enticing world of fast-casual dining with David Bloom, Chief Development and Growth Officer for Capriotti's and Wing Zone. Whether you're an aspiring entrepreneur interested in the franchise model or a seasoned operator looking to expand your portfolio, David Bloom's insights are invaluable. Discover how integrating technology and building effective teams can radically transform your business model. Get ready to uncover the secrets of managing successful restaurant chains and hear directly from an industry expert. Key Insights You Can't-Miss: - David discusses what it takes to open a franchise, noting the investment of around $500,000 and the promising average unit revenue. If you’ve ever considered entering the franchise world, David offers a transparent look at the costs and potential earnings. - Hear how Capriotti's leaders, Ashley Morris and Jason Smylie, scaled their passion from one store to an international franchise, emphasizing the importance of infrastructure and continuous investment in growth. - Learn about maintaining prime costs below 60% and how effective management can drive profitability. - Discover the role advanced technology and data analytics play in expanding business footprints and optimizing operational efficiency. - Leadership, passion, and experience are key. David shares how these factors impact the success of multi-unit operations. [Watch the full episode on Youtube]( 2 IDEAS FROM THE PODCAST Idea #1 Effective Franchise Expansion and Management David Bloom outlines effective franchise expansion strategies, focusing on operational efficiency, strategic market analysis, and maintaining quality through robust vendor partnerships. Key Action Items: - Thoroughly research and choose a franchise with a proven business model that can be scaled. This involves understanding the operational demands, the financial requirements, and the potential for growth within the market segment. - Ensure operational efficiency by investing in training, standardized processes, and technology that facilitate management and operations at multiple locations. This helps maintain quality and service standards as the franchise expands. - Use advanced analytics and market research tools to evaluate potential new locations. Understanding demographics, consumer behavior, and competitive landscapes is crucial to making informed decisions. - Develop close, mutually beneficial relationships with suppliers to ensure consistent quality and supply of materials. This involves negotiations that can provide flexibility and security in the supply chain. - Stay ahead in the fast-paced restaurant industry by continuously updating the menu, experimenting with new marketing strategies, and embracing new technologies that enhance customer experience and operational efficiency. [Listen to the Episode]( Idea #2 Leadership and Team Development in Growing Businesses David Bloom emphasizes the importance of leadership and team development, advocating for a culture of continuous learning, mentorship, and adaptive leadership to support business growth. Key Action Items: - Focus on assembling a team that shares the company’s vision and values. This includes finding individuals who are not only skilled but also align with the company culture and are committed to the business’s long-term goals. - Invest in leadership development and continuous learning for team members at all levels. Encourage mentorship to foster talent within the organization and prepare them for higher responsibilities. - Develop a flexible leadership style that can adjust to different markets and business phases. This includes being able to pivot strategies based on market feedback and operational challenges. - Maintain high levels of employee engagement and morale through transparent communication, recognition, and rewarding hard work. This helps in retaining top talent and reducing turnover. - Build and maintain a network of industry peers, mentors, and advisors. This network can provide valuable insights, advice, and opportunities for partnerships and expansion. [Listen on Spotify]( [Listen on Apple Podcast]( 1 KEY LEARNING On Leadership and Mentorship ❝ My basic philosophy is who you work with is more important than what you do...if you're able to fill that need and perform consistently, then you are gonna have endless opportunities. [❞]( David Bloom emphasizes the importance of who you work with over the specific job itself, suggesting that the quality of your colleagues and teamwork significantly impacts your professional success. He advocates for identifying and addressing organizational needs and delivering consistent performance. By doing so, individuals can unlock numerous opportunities for growth and advancement, underlining the value of adaptability, reliability, and effective collaboration in the workplace. [Listen & Subscribe]( P.S. Share your feedback and recommend our podcast to other restaurateurs who might appreciate a sprinkle of our episodes! #WiskingItAllPodcast [Facebook]( [Instagram]( [Youtube]( [Linkedin]( [TikTok]( Sent to: {EMAIL} [Unsubscribe]( © 2024 Wisking It All... by WISK.ai WISK.ai, 488 Wellington St W , Suite 304, , Toronto, ON M5V 1E3, Canada