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Franchisors Highlight Capital Needs at FT Conference


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Dunkin Brands has significant capital needs in 2017: $2.5 million for Baskin Robbins remodels; $6 million for Baskin Robbins new builds; $99 million for Dunkin’ Donuts remodels; and $263 million for Dunkin’ Donuts new builds.

As told by Dunkin’s Jason Maceda, vice president of finance, it was the most obvious reason explaining lender interest at the Franchise Times Finance & Growth Conference that opened yesterday in Las Vegas. The annual conference brings together franchisors, operators, lenders and private equity firms intent on matching capital with operational needs. A few other highlights:

-Dunkin’ Donuts has one store for every 8,700 people in its core region in Massachusetts and the Northeast, but in the western United States, that number drops to one store for every 295,000 people—in other words, there is a lot of white space out West for Dunkin’ expansion.

-Mooyah’s CEO Michael Morales rattled off the burger chain’s motto: “We’re as fresh as we are fun, as intelligent as we are imaginative, and as picky as we are playful,” he said. But “we can’t be fun all the time. We need to be serious on a couple of things,” and those include food and finance.

He outlined strict guidelines for prospective franchisees: A minimum net worth of $600,000 and liquid cash of $250,000.

-Walk-On’s founder and CEO Brandon Landry reported eye-popping average unit volumes at the bar and grill chain with a Louisiana twist: $5.3 million as of last year which he says will rise to $6 million “across the board” in 2017.

The Franchise Times Finance & Growth Conference continues through noon on March 15 at the Encore hotel in Las Vegas.

 

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The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is staff writer at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
 twitter.com/mlarson1011.
 
Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
Follow her on Twitter at http://twitter.com/nanweingartner.
 

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