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

Black Wealth Renaissance

Business

4.8 • 1.1K Ratings

🗓️ 29 February 2024

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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: [email protected] ★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

Transcript

Click on a timestamp to play from that location

0:00.0	McDonald's has entered a Minecraft movie universe,
0:03.0	and Grimmis, Birdie, and Hamburgler
0:05.0	just spawned as new collectibles in the Overworld.
0:08.0	Now for a limited time, you can get one of six McDonald's collectibles
0:12.0	when you order a Minecraft movie meal.
0:15.0	With your choice of Big Mac or 10-piece Chicken McNuggets
0:18.0	with spicy nether flame sauce,
0:20.0	available now in a biome near you.
0:23.0	Oh, and at your local McDonald's.
0:25.0	I participated in McDonald's for a limited time on Minecraft movie only in theaters.
0:30.1	The spirit of innovation is deeply ingrained in America, and Google is helping Americans innovate in ways both big and small.
0:38.8	The Department of Defense is working with Google to help secure America's digital defense systems
0:44.1	from establishing cloud-based zero-trust solutions to deploying the latest AI technology.
0:50.4	This is a new era of American Innovation.
0:53.5	Find out more at g.co slash American Innovation.
0:58.2	We got to appreciate that. We're taking something from nothing, from just our mind and our spirit,
1:04.1	and we are creating value to the point that down the road, somebody wants to give hundreds of millions of dollars,
1:10.4	and we're going to be mad about that? And then if it's someone that has a kind of mindset to do that in the road somebody wants to give hundreds of millions of dollars and we're going to be
1:10.9	mad about that and then if it's someone that has a kind of mindset to do that in the first ways
1:15.1	imagine what they can do now have it do you know what I could do if I was starting out not broke
1:20.0	like we started out and I having to go through bankruptcy so I mean we got to let our people fly and
1:24.8	we got to know everybody's flight might look a little bit different
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Black Wealth Renaissance, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Black Wealth Renaissance and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.