Black Wealth Renaissance

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

Informações:

Synopsis

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 Diffe