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Ep: 214 Building $50M Restaurant Portfolio - Build Wealth With Franchises (Guest: Randy Hazelton)

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Manage episode 403824166 series 2635290
Contenido proporcionado por Black Wealth Renaissance. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Black Wealth Renaissance o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Welcome back to another episode of the Black Wealth Renaissance Podcast! In this episode of the BWR podcast, Randy Hazelton, CEO of H&H Hospitality, joins us. This airport concessions conglomerate owns 20 restaurants in major airports in Atlanta, Dallas-Fort Worth, and D.C. In 2023, the restaurant collective generated $50M in Revenue. During this episode, Randy breaks down the airport concessions industry, the benefits of franchising, overcoming bankruptcy, and much more.

3:55 - How Randy Got Started in Airport Concessions

8:10 - Leaving Corporate to Launch His First Restaurant

13:06 - Filing Personal Bankruptcy to Keep the Business Afloat

17:57 - Making His Restaurant Profitable

21:30 - Selling Their First Restaurant to Enter Airport Concessions

25:14 - Why Do People Feel a Way When Black Founders Exit?

28:00 - Learning the Airport Concessions Industry

30:00 - Franchising Vs. Starting Your Own Brand

38:45 - What is the ACDBE Program?

43:30 - Creative JV Partnerships & Scaling the Right Way

48:30 - The Difference Between Franchising and Licensing

58:36 - Standing on Business Presented by thepsbs.com

1:03:38 - Randy's Top 2 Money Lessons

1:06:00 - Closing Questions

Leave Us A 5 Star Rating & Review ⭐️⭐️⭐️⭐️⭐️

If you're interested in advertising on the Black Wealth Renaissance podcast, fill out the form below.

https://forms.gle/CHH8L6UU4NxoyD3t7

📧 For Business Inquiries: business@blackwealthrenaissance.com

★Subscribe on Youtube Black Wealth Renaissance - YouTube

Keep Up With the Hosts

Randy Hazelton

https://www.instagram.com/randyhazelton/?hl=en

David Bellard

https://instagram.com/david_bellard

https://twitter.com/daviddagoliath_

Jalen Clark

https://instagram.com/_jclark06

https://twitter.com/jefeklap

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

230 episodios

Artwork
iconCompartir
 
Manage episode 403824166 series 2635290
Contenido proporcionado por Black Wealth Renaissance. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Black Wealth Renaissance o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Welcome back to another episode of the Black Wealth Renaissance Podcast! In this episode of the BWR podcast, Randy Hazelton, CEO of H&H Hospitality, joins us. This airport concessions conglomerate owns 20 restaurants in major airports in Atlanta, Dallas-Fort Worth, and D.C. In 2023, the restaurant collective generated $50M in Revenue. During this episode, Randy breaks down the airport concessions industry, the benefits of franchising, overcoming bankruptcy, and much more.

3:55 - How Randy Got Started in Airport Concessions

8:10 - Leaving Corporate to Launch His First Restaurant

13:06 - Filing Personal Bankruptcy to Keep the Business Afloat

17:57 - Making His Restaurant Profitable

21:30 - Selling Their First Restaurant to Enter Airport Concessions

25:14 - Why Do People Feel a Way When Black Founders Exit?

28:00 - Learning the Airport Concessions Industry

30:00 - Franchising Vs. Starting Your Own Brand

38:45 - What is the ACDBE Program?

43:30 - Creative JV Partnerships & Scaling the Right Way

48:30 - The Difference Between Franchising and Licensing

58:36 - Standing on Business Presented by thepsbs.com

1:03:38 - Randy's Top 2 Money Lessons

1:06:00 - Closing Questions

Leave Us A 5 Star Rating & Review ⭐️⭐️⭐️⭐️⭐️

If you're interested in advertising on the Black Wealth Renaissance podcast, fill out the form below.

https://forms.gle/CHH8L6UU4NxoyD3t7

📧 For Business Inquiries: business@blackwealthrenaissance.com

★Subscribe on Youtube Black Wealth Renaissance - YouTube

Keep Up With the Hosts

Randy Hazelton

https://www.instagram.com/randyhazelton/?hl=en

David Bellard

https://instagram.com/david_bellard

https://twitter.com/daviddagoliath_

Jalen Clark

https://instagram.com/_jclark06

https://twitter.com/jefeklap

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

230 episodios

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