Because there are times during the dog days of summer when the pipeline is bereft of fodder for our customary sweet spot.
Over at Louisville Business First, the inimitable Michael L. Jones reports two stories about local restaurant concepts desirous of national growth via the franchising route. Example A is Green District, which appears to have encountered stumbling blocks.
With those ambitions of a national expansion in mind, Green District sought to grow into new markets and entered into leases for restaurant locations in Tennessee, Florida, Arizona and Utah in 2022. However, the uncertain economy and increases in the federal prime interest rate caused GDFP’s leaders to realize that the company could not profitably continue with its expansion plans, according to the bankruptcy filing.
Conversely, Biscuit Belly’s prospects for head-turning appear brighter.
Chad and Lauren Coulter co-founded Biscuit Belly in 2019, and started franchising the concept in 2020. The brand currently has nine open locations in five states, seven set to open within the next 12 months, and another 14 pending sites represented by open development agreements.
“We knew early on we’d hit on something that could turn the breakfast and brunch business on its head,” Chad Coulter said.
Joe Cocker (1944-2014) presumably was addressing his legendary performance at Woodstock when he said, “Once you get into entertaining a quarter of a million people, it’s a very weird place to be.”