Multi-Unit Franchisee Magazine Issue I, 2016 | Page 46

“I feel a large part of my success is because I am in only one brand and I know it like the back of my hand.” franchising. “Governmental regulations such as minimum wage increases, ACA, and NLRB issues have put a strain on margins,” she says. “Also, more and more competitors are offering breakfast and new concepts are popping up everywhere, so we are constantly fighting to keep our market share, and that also has an effect on margins.” Despite these challenges, Lafreeda says her stores and the Denny’s brand continue to enjoy strong sales numbers and traffic. “Our newest remodel package is proving to be very successful and guests and employees are giving us credit for it,” she says. “It’s my goal to upgrade as many locations as possible as we are seeing happy employees and increased sales at all of our newly remodeled sites.” She continues to be very involved with the Denny’s Franchisee Association where she serves as a director and treasurer. She also serves on several other committees for Denny’s, including its Development Brand Advisory Council, Pilot/Flying J Committee, and Corporate Social Responsibility Committee. “Denny’s has a very good franchisor/ franchisee relationship,” she says. “There is a lot of inclusion, testing, and a share of voice, which I believe has helped make our brand stronger and better.” For now, Lafreeda says she looks forward to “spending time with my family and friends, supporting my community, and building new restaurants.” MANAGEMENT Business philosophy: I am often asked to open other restaurants or concepts, and while I am often intrigued and have the means to do so, I feel a large part of my success is because I am in only one brand and I know it like the back of my hand. I also believe in the win/win philosophy and always giving back. I reinvest in my business and I always try to do the right thing. I am never afraid to ask for help or take a risk. I live by these philosophies and believe they are the core reasons I have been so successful. Management method or style: I believe in transparency and a win/win attitude. I feel we all win if all parties at the table are happy. Greatest challenge: Finding and retaining good talent. How do others describe you? As someone they can count on. If I say I am going to do something, I do it. I am hard-working, organized, and I get things done. I care about people, I am fair, I like to have fun, and I believe in giving back. One thing I’m looking to do better: Get a better handle and long-term strategy for all the facility issues we have. With a large fleet in multiple states it is a challenge, especially in small cities where there are not a lot of vendors to choose from. How I give my team room to innovate and experiment: I am always open to new ideas and change. Some of the best ideas for innovation and progression have come from my team. How close are you to operations? Very close. My VP of operations and I stay in close communication with everything that goes on operationally. While I don’t get to the units as often as I’d like, I am still deeply involved in all that is going on. I have a strong and seasoned team and they do an excellent job. What are the two most important things you rely on from your franchisor? Delicious craveable food offerings at a great value and a great marketing plan with a strategy that drives traffic into my restaurants. What I need from vendors: Honesty and innovation to help move my business forward. Have you changed your marketing strategy in response to the economy? How? Absolutely. Fortunately, Denny’s is very proactive in this arena. They are always looking at our value strategy to be sure we have something 44 for everyone while paying close attention to cost-per-plate, product availability, and execution. We have an arsenal of products and strategies to tackle the economic challenges that come our way. Additionally, each year I also invest additional funds into local marketing co-ops across the country that allow me to make local-based marketing decisions that may be more tailored for my specific regions. How is social media affecting your business? It greatly affects us, on both a positive and a negative side. It is a great vehicle to attract customers, build business, and send immediate messaging and offerings out. It is also something we have to pay close attention to as a perceived bad experience in a restaurant can taint a location or a brand. How do you hire and fire? I have been very fortunate that my core team has been with me a very long time and I have not had to hire or fire anyone in many, many years. When I do have to make a hire, I look for individuals who share the same business philosophy and understand the importance of the guests and the restaurants. They have to have a broad understanding of the 24-hour business and have great people and support skills. The last time I fired someone was because they did not have the right skill set and were in over their head. I believe in the end they were relieved and happy that they could do something they were better suited for. How do you train and retain? In order to stay relevant, you have to continuously train and develop your team. We are fortunate that De