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volatileev348   , 28

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Insatiable: They're building the next restaurant empire - Nashville Business Journal

We had set up shop round the kitchen table of John along with Vui Hunt, founders of the fresh brand name I Enjoy Juice Bar, whilst their particular kids played within the background.. In the identical time, he believed which if there was any marketplace for 600 Smoothie Kings, there could potentially be an equal size marketplace for its healthier cousin.

Martin signed an arrangement together with Clean in March 2010. A New Refreshing legal as well as real estate team helps restaurant owners assess places and review contracts. John Hunt ended up being nervous about bringing outside partners and also richesse into the loved ones business. "They are generally within the partnering business."

during his tenure in Shoney's, Bodnar achieved Mike Tidwell, another founding partner within fresh Hospitality. "It's with regards to receiving our recipes right along with next these every day, but we also provide to possess the owner buy-in they want being great, certainly not good."

but the particular company, whose 13 portfolio concepts include Jim 'N Nick's, Taziki's along with Martin's Bar-B-Que Joint, isn't stopping here.

The Particular Clean method to grow

Any time that will opened in 1985, Pihakis didn't know how large Jim 'N Nick's would get. using more than $50 million throughout revenue. Tidwell is actually certainly one of the largest franchisees of Captain D's restaurants throughout the country (until late 2004, Captain D's has been under the actual Shoney's umbrella).

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"All the other hospitality teams like to come in and obtain involved, however Clean is really a partner associated with mine. Any smaller sized group regarding core partners, such as two involving Bodnar's sons (John Michael along with Matthew), are usually probably the most involved.

Consider regarding example, Pat Martin, owner regarding Martin's Bar-B-Que Joint. Thirty a prolonged time later, the restaurant features greater than 30 locations.

Constructing any national network associated with fresh-casual restaurants will require capital, infrastructure as well as experienced leadership. Together With two small girls in home, which made all of them nervous. Right now there is no best executive no C-suite. He returned to the business throughout 1999 as chief executive officer, a occupation which brought him again to Nashville.

Clean additionally is rapidly expanding outside its home turf, along with ambitions involving bringing its brand names throughout the country. "If we have anything within common, it's good real-estate sense."

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Inside an sector exactly where sixty percent associated with ventures don't survive past the initial year, fresh brings a monitor record and also discipline to operations. the business offers developments underway within Denver, Birmingham, Atlanta as well as Morgantown, W.V., in addition in order to projects which will open up soon in some of Nashville's trendiest neighborhoods: Germantown, SoBro and Hillsboro Village.

Insatiable: fresh Hospitality is actually constructing the next restaurant empire - Nashville Enterprise Journal

6 a few months later, your Hunts had 2 Juice Bar places open when Refreshing approached these regarding partnering. with your aid of his father, Jim Pihakis, he bought a classic pizza restaurant in Birmingham along with transformed it into the very first Jim 'N Nick's.

With Regard To the business which has developed or perhaps owns assets valued throughout extra involving $200 million, Fresh's corporate structure is actually unusually unstructured. Then they will http://aiyazawa.com set out to grow it.

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Meanwhile, farther south in Birmingham, Nick Pihakis had set out to open the country's best barbecue restaurant. Nevertheless in the event it arrives towards the details of Martin's recipes along with brand, that they stayed from his way.

only the handful of Refreshing concepts are already developed in-house. "We wouldn't like to complete it inside a method that doesn't in shape using the owners' vision."

"We're an extremely diversified team associated with people," said the elder Bodnar.

However Refreshing expects a fantastic deal from its new partners.

"We wanted Jim 'N Nick's to be the Houston's with the barbecue business," Bodnar said. Vui owned a new Vietnamese restaurant within Atlanta previously, so that they knew the particular restaurant business, together with extended hours along with little margins, ended up being all-or-nothing. Instead, the company will be governed simply by nearly a dozen partners, who have backgrounds in real estate, finance along with restaurant operations. He furthermore founded the software organization which became the back-office software for that entire Wendy's system.

building partnerships

the Hunts opened Juice Bar as a new possible impartial shop within Brentwood inside 2013. the majority are generally tiny firms that caught the company's attention.

Meet your team

Hunt remains CEO of Juice Bar, Vui is actually executive chef, plus an original Juice client may be hired as chief marketing officer. Their Particular conclusion? Martin had function to complete if he wished to function as the best. Unlike Martin's, Juice Bar will develop mostly by means of franchising, a new strategy reached among fresh and in addition the owners, your Hunts.

the fresh team wants to construct a fresh kind of restaurant business coming from Nashville, snagging prime list spots within the hottest locations of town.

Which company grew right straight into a publicly traded organization known as Restaurant Methods Inc. The Actual team powering Fresh, the partnership associated with restaurant and real estate veterans, is certainly going following 2 food-industry buzzwords: refreshing and also fast. He met Bodnar, then a Wendy's franchisee, a couple of many years in to the operation and in addition the 2 partnered up.

fresh took him on the industry research vacation to Austin, where they will taste-tested near to twenty versions involving brisket. Pertaining To him, that meant meticulous attention to the barbecue procedure and also improved back-office support that might assist him better manage payroll, evaluate property and manage meals ordering.

in some time between, Bodnar was an earlier franchisee regarding Wendy's, owning areas from Alabama to always be able to new York City. They Will call it clean casual.

with an infusion of capital, encounter and Southern hospitality, the manufacturer new kings regarding 'fresh-casual' dining are usually taking their particular in the area grown lineup regarding chains nationwide -- coming from the following throughout Nashville.

Within days gone by 18 months, Nashville-based Clean Hospitality features invested greater than $10 million on your current own acquiring property inside Songs City.

Michael Bodnar, any founding companion in Refreshing Hospitality, ended up being wearing blue jeans along with cowboy boots the afternoon we met. From the actual time, he had one place open, your original in Nolensville, however he desired to develop his brand.

with an importance about clean components -- zero freezers as well as microwaves are employed -- your restaurant company provides carved its niche in American dining's new sweet spot: the fast-casual industry. fresh Hospitality features most three.

Bodnar graduated from West Virginia College throughout 1970 and had been hired as chief monetary officer and also chief accounting officer regarding Nashville-based Shoney's Inc., exactly where he worked for that subsequent 5 years. I don't work regarding Fresh," he said.

Coming From left, Michael Bodnar, Matt Bodnar and Nick Pihakis, three of 11 partners in Fresh... all fresh concepts use point-of-sale and also stock software developed in-house.

fresh partners retain board seats for Juice Bar, similar to each as well as every restaurant concept in its portfolio.

Together With Jim 'N Nick's, the organization 1st lay out in order to produce a world-class barbecue restaurant. Steeped within West Tennessee's barbecue tradition, Martin has received accolades coming from both ends of the food spectrum: pitmaster festivals as well as the glossy pages involving epicurean publications like Bon Appétit.

Matt Bodnar mentioned fresh buys vast majority equity throughout about 85 to 90 percent regarding its transactions, yet leaves most of your decision-making towards the concepts' original owners, whom frequently remain on as CEOs along with head chefs.

"They usually are generally not in the takeover-and-rule-brands business," Hunt said involving Fresh. Eventually, it merged along with Wendy's.

"I wanted to develop Martin's with out giving up on my small standards," Martin said. "We need to function for that top, best-in-class operators."

"We give a skill set to develop the particular brand," Bodnar said. Refreshing features helped Hunt fill out his leadership team, including a fresh CFO as well as an interim COO, as it looks in order to double its footprint within the subsequent year.

This has been Refreshing Hospitality's very first concept prior to there was even a new Refreshing Hospitality. Nevertheless they will craved the independence associated with being any small-business owner, along with John had just lost 50 kilos on a juice cleanse as well as has been hooked.

the Hunts inked an offer using Fresh; today, there are 13 I really Like Juice Bar places within the Southeast and an additional 14 in development.

"The operational fundamentals are the same," Bodnar said, whether it's a juice bar or even a barbecue joint. more

one regarding Fresh's fastest-growing concepts is Nashville-based I Actually Like Juice Bar