4.8 • 5.1K Ratings
🗓️ 12 April 2018
⏱️ 103 minutes
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0:00.0 | This is a head gum podcast. |
0:05.6 | Fransmart. |
0:06.8 | It sounds like a generic stand-in for the name of a big-box store used to clear legal on |
0:10.2 | a TV show. |
0:11.6 | But Fransmart is actually among the most influential forces in the American food service industry |
0:15.5 | of the 21st century. |
0:17.0 | A company built on the model of evolving beloved local eateries into international chains, often |
0:21.8 | after convincing reluctant owners of the lucrative financial possibilities. |
0:25.9 | Founded in 2000 by Ben Rowe, a former bagel shop dishwasher who descended over sea hundreds |
0:30.3 | of the store's locations, Fransmart seeks to expand an array of dining brands and concert, |
0:34.6 | giving it logistical and structural advantages over the traditional model of one restaurant |
0:38.0 | growing on its own. |
0:39.8 | And while you may not recognize its name, you certainly are familiar with its portfolio. |
0:43.8 | Five guys, Cudoba, Wolfgang Puck Express, and the Hullal Guys are among the brands it's |
0:49.1 | spread across the country, like a Johnny Chain Seed. |
0:52.4 | In 2015, this sort of fund of fund of franchises added a new investment, a Los Angeles bakery |
0:57.5 | that had been drawing big crowds eager to sample its sweet and savory pastries. |
1:01.8 | Open in 2011 by Becky Grassley and her son Maddie, the business quickly became a beloved |
1:05.5 | local favorite, both because of its traditional faves from Mama Grassley's home cookbook, |
1:09.6 | as well as its more daring contemporary recipes like their signature Earl Grey cream |
1:13.1 | variant. |
1:14.5 | By the time of its partnership with Fransmart, this LA bake shop had locations across |
... |
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