TEAM SCHOSTAK FAMILY RESTAURANTS FEATURED IN MULTI-UNIT FRANCHISEE MAGAZINE
As the leader in the restaurant industry, we were recently featured in Multi-Unit Franchisee Magazine to discuss the ins and outs of buying and selling franchise units.
Below, please find an excerpt from the article, titled “Right Time, Right Price: Buying and Selling—Part Art, Part Science.”
Buying and selling franchise units at the right time for the right price is part art and part science, with each presenting challenges that require a considered, strategic approach. Owners must be flexible and agile enough to navigate the hurdles that inevitably arise with any transaction, says Mark Schostak, executive chairman of Livonia, Mich.-based Team Schostak Family Restaurants, one of Michigan’s largest multi-brand restaurant groups.
“The franchise restaurant marketplace is constantly changing and evolving, and owners must understand that plans may need to pivot accordingly,” says Schostak. “We rely on our deep understanding of the restaurant industry, market conditions, and strength of our team to seamlessly pivot our plan as needed.”
Read the full article on pages 48-52 here.