He Went From One To Five To 25 Pizza Franchises—And You Can Too
ARMED WITH 32 YEARS OF EXPERIENCE IN THE restaurant industry, Leo Thomas became a multiunit franchisee. He opened his first Marco’s Pizza in January 2014, a fast-casual restaurant franchise, and now owns five Marco’s Pizza locations in Riverside County, California. Currently, Thomas has a development agreement to open a total of 25 stores in both Riverside and Orange County by 2024.
Thomas joins a list of entrepreneurs who are opting to be among the fastest growing group in the franchise industry—multiunit franchisees. As of the first quarter of 2017, there were 43,797 multiunit franchisees, owning more than 217,170 units in the U.S., reports FRANdata, a franchise advisory firm in Arlington, Virginia. Some 19% of total franchisors are multiunit owners, and 54% of total franchise units are owned by multiunit operators.
This story is from the May/June 2017 edition of Black Enterprise.
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This story is from the May/June 2017 edition of Black Enterprise.
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