This Entrepreneur Did His Homework On Airport Restaurants. Next Came The Profits
Forbes・14 minutes read
The speaker highlights their successful journey in the food and beverage airport concessions business in Atlanta, emphasizing the benefits of operating in airport spaces and the importance of hard work in achieving success. They recommend gaining experience in the industry by working in a restaurant and franchising as a pathway to success.
Insights
- Establishing airport concessions provides a strategic advantage due to the captive audience, making customer acquisition more manageable.
- The speaker highlights the importance of hard work and dedication in achieving success, suggesting gaining industry experience through restaurant work and leveraging franchising for proven business models with higher success rates.
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Recent questions
How did the speaker's business expand?
Through airport concession spaces.
What is the speaker's business focus?
Full-service food and beverage airport concessions operations.
What is the speaker's advice for success?
Hard work and dedication.
What does the speaker recommend for industry understanding?
Working in a restaurant.
What does the speaker suggest for business success?
Franchising for proven business models.
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Summary
00:00
Success in Airport Concessions: A Journey
- The speaker has been in Atlanta for over 20 years and considers it home, with roots in the South.
- They started with one street-side location in downtown Atlanta and eventually expanded into airport concession spaces.
- Partnered with a company to operate ten stores in a joint venture successfully.
- Their business focuses on full-service food and beverage airport concessions operations.
- Airport spaces offer a captive audience, making it easier to attract customers.
- The airport often prefers established national brands for franchises, reducing the risk of failure.
- Managing airport concessions is labor-intensive and requires tight controls due to the complexity of operations.
- The speaker finds joy in seeing employees grow professionally within the business.
- Emphasizes the accessibility of success in the business world through hard work and dedication.
- Recommends working in a restaurant to understand the industry and suggests franchising for proven business models with higher success rates.
