My wife got her nails done & asked the owner how many people visit during weekends? Avg is 350 & Avg ticket price $100 = $35k in sales, $140k a month.
Another $20k during week, $80k monthly & the salon earns $220k a month. Their rent is $10k monthly, we call that a Cash Cow!
@QSRguy@thefranalyst Helping to get mine dialed as well.
Landlord signed McDonalds deal just got rejected by McD’s who killed deals across country.
Dutch Bros Lease out for signature.
7Brew lease out for signature.
Makenna Koffee lease out.
Replacing a Rally’s.
Fast food talk!
@cavemancre They have, most of time want to do Construction themselves and keep rent lower. Not known to be expensive in the economics department, elite credit though!
Have a deal at finish line w McD’s now, small drive thru only restaurant. They are completely infatuated with optimizing everything about the operation. Smaller size, less employees, higher efficiencies for ROI
Some big news from McDonald's this morning. The fast-food giant said it plans to invest $8.5 billion over the next decade, including $5 billion by 2030, to help franchisees modernize restaurants to add more technology and improve the way they function. We got an exclusive look at everything the company plans to reveal today at its Investor Day presentation.
The company is about to undertake the biggest training initiative in its history, involving 2 million workers worldwide, on quality improvements and improved hospitality. This is called "Make it Golden," and it is an ongoing process.
Marketing changes will leverage more social media influencers and the company's fans, along with data from its 220 million active loyalty members. It will involve fewer LTOs and fewer "borrowed IP."
McDonald's wants to sell more chicken and beverages and maintain its lead on beef. It is planning quality upgrades to all of it. And yes, the company is expanding its hand-breaded chicken test.
All this will be underpinned by technology, Arch IQ. McDonald's believes the technology and operations improvements will improve efficiency by 250 basis points and cash flow by $100,000 per restaurant.
But it's not cheap. And it's complex. Still, the whole effort is designed to make McDonald's a more frequent destination for its customers while its restaurants operate more efficiently.
I'll have more a bit later on Restaurant Business, but here is a comprehensive look at everything on NRN:
https://t.co/0VAfvcPjgd
“Hi, you’ve reached Tony and it’s a Great Day for Real Estate, leave a voicemail & I’ll be right back with you. “
The enthusiasm & positivity my cousin (Tony) chooses to live life with is a beautiful thing. Contagious energy everyone loves!!
Carpe Diem!
@realestatedude0@DonovanBuilds Wait Donovan is making moves in SD. Congrats, that’s awesome. Need to get dinner on the books soon next trip out to celebrate!
The Ross vs TJX Companies vs Burlington soft goods rivalry in retail is alive & well. All three companies expanding & the cream of crop in discount apparel.
Just know my wife is making sure the first two companies continue to have positive sales growth!
7Brew, Dutch, BlackRock & the original ruler of the castle SBX all going after the same DT sites. Have a deal working w/ each & it’s great to listen to propaganda on each why they are the Best now! Next few years will be fun watching the competition play out!