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Ep: 214 Building $50M Restaurant Portfolio - Build Wealth With Franchises (Guest: Randy Hazelton)

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Manage episode 403824166 series 2635290
Content provided by Black Wealth Renaissance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Black Wealth Renaissance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome back to another episode of the Black Wealth Renaissance Podcast! In this episode of the BWR podcast, Randy Hazelton, CEO of H&H Hospitality, joins us. This airport concessions conglomerate owns 20 restaurants in major airports in Atlanta, Dallas-Fort Worth, and D.C. In 2023, the restaurant collective generated $50M in Revenue. During this episode, Randy breaks down the airport concessions industry, the benefits of franchising, overcoming bankruptcy, and much more.

3:55 - How Randy Got Started in Airport Concessions

8:10 - Leaving Corporate to Launch His First Restaurant

13:06 - Filing Personal Bankruptcy to Keep the Business Afloat

17:57 - Making His Restaurant Profitable

21:30 - Selling Their First Restaurant to Enter Airport Concessions

25:14 - Why Do People Feel a Way When Black Founders Exit?

28:00 - Learning the Airport Concessions Industry

30:00 - Franchising Vs. Starting Your Own Brand

38:45 - What is the ACDBE Program?

43:30 - Creative JV Partnerships & Scaling the Right Way

48:30 - The Difference Between Franchising and Licensing

58:36 - Standing on Business Presented by thepsbs.com

1:03:38 - Randy's Top 2 Money Lessons

1:06:00 - Closing Questions

Leave Us A 5 Star Rating & Review ⭐️⭐️⭐️⭐️⭐️

If you're interested in advertising on the Black Wealth Renaissance podcast, fill out the form below.

https://forms.gle/CHH8L6UU4NxoyD3t7

📧 For Business Inquiries: business@blackwealthrenaissance.com

★Subscribe on Youtube Black Wealth Renaissance - YouTube

Keep Up With the Hosts

Randy Hazelton

https://www.instagram.com/randyhazelton/?hl=en

David Bellard

https://instagram.com/david_bellard

https://twitter.com/daviddagoliath_

Jalen Clark

https://instagram.com/_jclark06

https://twitter.com/jefeklap

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

228 episodes

Artwork
iconShare
 
Manage episode 403824166 series 2635290
Content provided by Black Wealth Renaissance. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Black Wealth Renaissance or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome back to another episode of the Black Wealth Renaissance Podcast! In this episode of the BWR podcast, Randy Hazelton, CEO of H&H Hospitality, joins us. This airport concessions conglomerate owns 20 restaurants in major airports in Atlanta, Dallas-Fort Worth, and D.C. In 2023, the restaurant collective generated $50M in Revenue. During this episode, Randy breaks down the airport concessions industry, the benefits of franchising, overcoming bankruptcy, and much more.

3:55 - How Randy Got Started in Airport Concessions

8:10 - Leaving Corporate to Launch His First Restaurant

13:06 - Filing Personal Bankruptcy to Keep the Business Afloat

17:57 - Making His Restaurant Profitable

21:30 - Selling Their First Restaurant to Enter Airport Concessions

25:14 - Why Do People Feel a Way When Black Founders Exit?

28:00 - Learning the Airport Concessions Industry

30:00 - Franchising Vs. Starting Your Own Brand

38:45 - What is the ACDBE Program?

43:30 - Creative JV Partnerships & Scaling the Right Way

48:30 - The Difference Between Franchising and Licensing

58:36 - Standing on Business Presented by thepsbs.com

1:03:38 - Randy's Top 2 Money Lessons

1:06:00 - Closing Questions

Leave Us A 5 Star Rating & Review ⭐️⭐️⭐️⭐️⭐️

If you're interested in advertising on the Black Wealth Renaissance podcast, fill out the form below.

https://forms.gle/CHH8L6UU4NxoyD3t7

📧 For Business Inquiries: business@blackwealthrenaissance.com

★Subscribe on Youtube Black Wealth Renaissance - YouTube

Keep Up With the Hosts

Randy Hazelton

https://www.instagram.com/randyhazelton/?hl=en

David Bellard

https://instagram.com/david_bellard

https://twitter.com/daviddagoliath_

Jalen Clark

https://instagram.com/_jclark06

https://twitter.com/jefeklap

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

228 episodes

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