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<a href="https://bestbreakfastfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-famous-toastery-is-reducing-the-costs-needed-to-open-a-restaurant-2720112" target="_blank" rel="nofollow">Famous Toastery</a> is a 25-plus unit better breakfast, brunch and lunch franchise with locations all over the Southeast. Over the past year, Famous Toastery has been emphasizing a new mantra of “<a href="https://1851franchise.com/famoustoastery/be-famous-famous-toasterys-new-president-michael-mabrys-message-to-franchisees-2717719#featured">Be Famous</a>,” perfecting a business model that encourages franchisees to quickly become locally famous as pillars of their communities, providing not only “<a href="https://1851franchise.com/famoustoastery/famous-toastery-attributes-30-increase-in-year-over-year-restaurant-sales-to-its-famous-franchisees-2718852#featured">Famously Fresh</a>” food made daily but a hub for friends, families and neighbors to come together. As a part of this strategy, the team has been looking for strategic ways to reduce the costs needed to open a Famous Toastery restaurant, eliminating some of the barriers that may discourage prospective franchisees from signing on while also increasing profitability for those who are in the system.&nbsp;“To start, we are finding efficiencies when it comes to our next build-outs,” said&nbsp;<a href="https://www.linkedin.com/in/michael-mabry/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-famous-toastery-is-reducing-the-costs-needed-to-open-a-restaurant-2720112" target="_blank" rel="nofollow">Michael Mabry</a>, President of Famous Toastery. “You can find those efficiencies in a handful of ways. One is in the architectural design, making sure we have plans that are completely spelled out with no room for interpretation. That way, the general contractor doesn’t run into problems or questions that may result in costly errors.”Similarly, Famous Toastery VP of Franchise Development&nbsp;<a href="https://www.linkedin.com/in/eric-gustafsson-32b6a026?trk=public_profile_samename_profile_profile-result-card_result-card_full-click&utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-famous-toastery-is-reducing-the-costs-needed-to-open-a-restaurant-2720112" target="_blank" rel="nofollow">Eric Gustafsson</a> says the team is more selective regarding real estate. “It can be very tempting to go buy a piece of land and build everything brand new, but sometimes that isn’t the best strategy,” he said. “If we can find a second generation space that only needs to be lightly modified, it will keep costs down inherently for our owners without sacrificing on our brand standards. We are very diligent about doing the research — we are not just cutting costs to kill ourselves later down the road.”Additionally, when it comes to preparing the site, Mabry says any of the decor elements under the new “be famous” banner are going to be designed to be cost-efficient. “Anything that the guest can feel or touch, we are going to elevate and upgrade, but we aren’t going to do that through expensive, custom-made products,” he said. “We are making sure to find affordable items and requirements every step of the way.”&nbsp;The Famous Toastery equipment package is also going to be handled with cost efficiencies in mind, Mabry says, similar to how the brand already handles sourcing for food and beverage. “This isn’t just street pricing — we are working directly with manufacturers to collaborate with them on deals and to get the best pricing possible,” he said.&nbsp;Gustafsson says these types of vendor relationships are really the primary key to cost-efficient restaurant openings overall. “As the brand&nbsp;<a href="https://1851franchise.com/famoustoastery/famous-toastery-enters-2022-on-pace-to-double-units-to-50-by-2024-2717878#featured">grows rapidly</a>, we are really starting to leverage our buying power as a whole,” he said. “We have more of an opportunity to negotiate prices down as we leverage the size of our brand and growth trajectory to showcase why we are a valuable partner for these vendors. That will then result in cost efficiency for franchisees through everything from construction, operations and marketing. That is one of the main things you are buying into as a franchisee; that buying power.”Recently, the Famous Toastery team put many of these ideas into practice with a&nbsp;<a href="https://1851franchise.com/famoustoastery/famous-toasterys-flagship-location-reopens-with-a-new-look-2719405#stories">reopening</a> of their flagship Davidson, North Carolina location. “That really taught us about how we can save costs and optimize what we have done in the past,” he said. “For example: are there ways to set up a kitchen operationally that makes it cheaper to build out? Do we have national contracts with vendors that can provide us with equipment to keep costs down? The Davidson remodel allowed us to answer a lot of those questions.”Now, Mabry says the goal is to utilize those lessons learned and roll them out across the entire Famous Toastery system, both for existing franchisees and incoming owners. “The idea is to measure twice, cut once,” he said. “We are spending time on the front end to ensure we have the correct architectural plans, the correct construction process, the right design elements, and the right operational model. That way, we can get open faster and for less money.”Overall, this cost-efficient strategy aligns perfectly with the “Be Famous” attitude, Mabry says. “We want to be famous for opening restaurants that are profitable,” he said. “Every dollar that franchisees spend in the opening, they have to capture a couple more in sales. As we can find those efficiencies and become famous for having cost-efficient restaurants that produce sales quickly, that is a win-win for all involved.”The cost to open a Famous Toastery franchise ranges from $575,500 to $999,500 including a franchise fee starting at $45,000. To learn about franchising opportunities, please visit&nbsp;<a href="http://www.bestbreakfastfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-famous-toastery-is-reducing-the-costs-needed-to-open-a-restaurant-2720112" target="_blank" rel="nofollow">www.bestbreakfastfranchise.com</a>.&nbsp;

How Famous Toastery is Reducing the Costs Needed to Open a Restaurant

1851 Franchise

With strong vendor partnerships and a revamped restaurant model, the better breakfast concept is finding more ways to ensure all prospective franchisees have the chance to “be famous” in the communities they serve. 

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