Multi-Brand Franchises in the QSR Sector
Well not everyone is aware that McDonalds also owns several other bands such as Boston Markets; 650 stores in 23 states, Chipotle Mexican Grill; 230 stores in 10 states, Donato's Pizza 200 stores in 10 states, Pret a Manager 140 stores in 4 countries, Fazoli's 400 units in 32 states and two countries. Of this the company derives 2 Billion in annual sales, this is not even counting McDonalds. Many people are unaware of this because McDonald's has not connected the dots. However other franchise companies which franchise and have multiple brands have. The question shall always be to you co-market to the same customers or serve separate niches. It depends, McDonalds seems to be targeting different customers althoguh if you consider in the US people eat major meals 2-3 times per day and there are 7 days a week, we are talking about 14-21 opportunities to feed them, now obviously other than single males, most of our population will eat the majority of meals at home. However how many of those meals will be eaten out side the home and of those visits to QSRs how many can McDonalds pick up. Apparently after considering the additional 2 billion a year in sales, quite a few and remember McDonals is in 141 countries thus far so perhaps the cannibalization discussed in the franchising industry is a US thing for McDonalds and is not affecting it's other brands here yet or all of it's overseas markets for it's stead fast Micky Ds Brand. Think about it Pizza, Chicken, Tacos, Italian and Pretzels? Oh yah that Hamburger thing will never work? Sure, that is what they told Ray Kroc in the beginning, guess they were wrong. Are you sure it is just about the Real Estate? Or did you just quote someone in a Speech one day? "Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
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RELATED ARTICLES
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In a world of co-branding, point of destination strategies and co-op marketing; all industries are evolving and diversifying to capture greater profits within a single brick and mortar location. The same strategies are used on the Internet only you can see it happen faster in real time on Internet web sites. In general much of the new thinking has been customer driven due to lifestyle changes, low unemployment, time factors and quality of life issues of the consumer.
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Having been in the franchising business all my life and understanding how hard it is to build a brand, I have probably read every other popular book on the subject. Some are good and most are excellent, as each one helps give you ideas on setting the stage for your brand marketing objectives. Branding on the Internet is somewhat new as before 1995 there was little if any Internet to speak of. One book I can recommend is:
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Americans have always liked their coffee hot. But then Starbucks
made hot coffee desirable, in demand, and extraordinarily
profitable. And then Starbucks made coffee "cool" with its
super-popular iced Frappucino drink -- just as trendy,
fashionable, and universally appealing.
Starbucks is no doubt one of the greatest marketing stories of
recent history. How this company turned an unassuming beverage
into an icon of sophistication and taste is no mystery, however.
It's all about a marketing tenet called positioning.
The coffee company started out in Seattle's Pike Place market in
1971 as a single gourmet coffee shop, and by 1995, the chain's
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In other words, the public's perception of Starbucks has to do
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The Starbucks story illustrates at least two powerful marketing
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People buy for their own reasons, not anyone
else's.
The stronger position is found in the experience, outcome,
or benefit you provide as opposed to the methods you use for
producing those outcomes.
Starbucks shows us that it's not about packaging -- it's about
positioning. The environment of Starbucks creates an experience
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When you are assessing your own position and considering how you
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cornering all four is just about impossible.
Not everyone is up to the task of creating another Starbucks.
It's tempting, with price wars so rampant, to believe that a
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overextended or flat on your back. Definitely not the easiest
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How about being better instead? Contrary to popular belief, this
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different category, you may get the better category as a
by-product.
Starbucks capitalized on this technique, as did Dennis Rodman,
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Businesses eager to open often give little thought to their identity.
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Whether it's your business card, tagline, article title, web site title and description or ad, just the difference of a few words can either pull in prospects and clients or push them away. Getting it right can determine whether your phone is ringing off the hook or you are twiddling your thumbs hoping someone will call.
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