Multi-Unit Franchisee Magazine Issue II, 2016 | Page 22

MULTI BRAND “We try to stay local. We work in the community and invest in the community and use local vendors.” MANAGEMENT Business philosophy: Be persistent. What I need from vendors: Good customer service and competitive prices. Management method or style: I simply hire the best people I can. Greatest challenge: Maintaining good numbers. Have you changed your marketing strategy in response to the economy? How? Yes, by using more social media. How do others describe you? Driven. How is social media affecting your business? We’re trending up. One thing I’m looking to do better: Train the family to take over. How do you hire and fire? We hire good people and fire after giving three strikes before they’re out. How I giv e my team room to innovate and experiment: Tell them their goal, and then expect them to execute. How close are you to operations? Fairly. How do you train and retain? We give good people goals and support them. What are the two most important things you rely on from your franchisor? A good image and strong marketing—like the Golden Corral ad, “Best Buffet in the USA” with Jeff Foxworthy. Fastest way into my doghouse: Lying, cheating, stealing. first brand. Because I was in a small area, I couldn’t do a large number of the same brand. I had to have small numbers of a lot of different brands.” The simplest of his brands to operate (and he doesn’t consider any of them easy) is his own brand, Flapjack’s Pancake Cabin, “because 80 percent of all the ingredients or sales are based on 20 items. It’s the easiest, but it’s not that easy. You can really mess up breakfast, I can tell you right now,” he says. The most complex is Golden Corral with its buffet, because all of it is done from scratch, says Collier. “There’s so much prep and just a lot of loving care that goes into it. That’s why it does so well—because there’s so much effort and concern put into it. And there are a huge number of options.” How do you deal with problem employees? By first coaching and then giving them three strikes. Collier says he generally doesn’t share employees and managers across brands. “Most are so specialized that we want to keep key employees in the one they’re affiliated with. We do have several managers who are cross-trained among brands, and we have so many employees—about 1,000 during season from Easter through New Year’s—that if a disaster happened, we could still offer fast, friendly service, hot food that should be hot and cold food that should be cold. It’s persistence and following the basics,” he says. He has continued the family business tradition with his daughters, both of whom worked in his restaurants from an early age. Lori Collier, his elder daughter, works in finance and operations. Elise CollierMassey, his younger daughter, works in human resources and public relations. Her husband, Beau Massey, works in operations with CEO Cary Zimmerman. Today Collier, at 60 an avid hiker who loves the area’s 900 trails, says he’s tried to retire twice. “I know they could do it without me, but I guess it was me trying to wiggle my way back in,” he says. His newest challenge is to build his first out-of-state restaurant: an Old Chicago Pizza & Taproom franchise in the Myrtle Beach, S.C., area. “That area has a similar tourist market and demographics to ours,” he says. “I’ve been thinking about going outside the state for 10 or 15 years, and so we took this opportunity. In addition to that Old Chicago Pizza in Garden City, South Carolina, we’re going to open a Flapjack’s Pancake Cabin there.” BOTTOM LINE Annual revenue: $30 million-plus. What are the best sources for capital expansion? Banks. 2016 goals: Opening restaurants out of state. Experience with private equity, local banks, national banks, other institutions? Why/why not? We try to stay local. We work in the community and invest in the community and use local vendors, so we borrow in the community. Growth meter: How do you measure your growth? By profit and smooth operations. Vision meter: Where do you want to be in 5 years? 10 years? I want to be retired and letting the kids run the business. How is the economy in your region affecting you, your employees, your customers? Things are good. Everybody’s doing better. 20 What are you doing to take care of your employees? Paying them well. Are you experiencing economic growth in your market? Yes. How are you handling rising employee costs (payroll, minimum wage, healthcare, etc.)? With menu pricing and budgeting. How do changes in the economy affect the way you do business? Sevier County (a major tourist area) is pretty much recession-proof. How do you reward/recognize top-performing employees? Bonuses and advancement. How do you forecast for your business? By looking at the history of the numbers and by strong budgeting. What kind of exit strategy do you have in place? Everything is in place to transition to the next generation. MULTI-UNIT FRANCHISEE IS S UE II, 2016 muf16-2_collier.indd 20 4/2/16 2:21 PM