Since January 2012 we have seen New York Bagel Café and Deli open through-out the US. New Locations have opened in Texas, Colorado and Tennessee and in suburban locations that include Lancaster PA and North Carolina. This new South Street, Philadelphia location as well as new sites in Jersey City and Newark, New Jersey.
New locations are scheduled to open in Idaho and Florida this coming spring and another in Collegeville PA. In addition to several new locations in Charlotte North Carolina. “It’s a formula I developed that works,” says Jack Intrator, vice president and master broker of Restaurant Leasing. “I create a strong alliance with a top broker in each market where the franchisees have been expanding and then allow them to perform a market analysis demonstrating traffic patterns, demographic and competition analysis so when sites are presented they are presented in a professional but clear manner to the franchisees who often have little knowledge of the process or market conditions. It’s a process of close communication and it works.”
Jack, accredited as a CPM, RAM and ARM, uses a management style that fosters open communication with team members and clients knowing when to inject him when necessary. “It’s important to always let your team know that you stand behind them and allow them to carry the ball to the end zone. You could be a great manager but you need to know when to let others shine and receive the credit they deserve,” notes Jack.
For New York Bagel Café, Jack has developed and launched a National Corporate expansion strategy, which he is presenting throughout the market via his professional affiliations and connections/contacts throughout the United States. The key is to find the opportunities and capitalize on those opportunities within each specific market of operation. He attributes much of his success and expansion to using his large network of partner brokers.
Investing in a franchise allows one to obtain a solid proven system and proven structure with all the kinks normally worked out through trial and error. Research demonstrates that overall franchises have an approximate success rate of over 90% as compared to small businesses started from scratch at only about a 15% success rate.
You can reach GPCC Member, Jack W. Intrator CPM; RAM ARM Retail and Restaurant Leasing Specialist, MPN Realty at 610 805 3849.
For more details about his real estate success. jintrator@mpnrealty.com
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