1851

<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. 

This brand page has been paid for by 1851. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

how-famous-toastery-is-reducing-the-costs-needed-to-open-a-restaurant

Senior Care Authority

How This Senior Care Authority Franchisee Turned Love for His Grandparents Into a Lifelong Calling

how-this-senior-care-authority-franchisee-turned-love-for-his-grandparents-into-a-lifelong-calling

HomeTeam Inspection Service

Hometown News: Like Father, Like Son — Family-Run Inspection Business Blends Generations of Expertise and a Keen Eye for Detail

father-son-home-inspection-franchise-florida

KLA Schools

KLA Schools of Beachwalk Hosts Admissions Kick-Off Celebration

kla-schools-of-beachwalk-hosts-admissions-kick-off-celebration

Good Day Columbus: Home Insurance Expert Reveals Why Central Ohio Premiums Are Rising and How to Combat Costs

rising-home-insurance-costs-ohio

CapitalSpring

Primetime Fitness Expands Crunch Portfolio With CapitalSpring’s Backing

primetime-fitness-expands-crunch-portfolio-with-capitalsprings-backing

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

McDonald’s Launches New Extra Value Meals as Consumer Demand for Value Continues to Climb

mcdonalds-launches-extra-value-meals

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

1851 Franchise Deep Dive graphic with Sparkle Squad logo

Sparkle Squad Franchise Costs, Fees, Profit and Data for 2025

franchise-deep-dive-sparkle-squad-franchise-costs-fees-profit-and-data

graphic image of a financial deep dive of americas swimming pools co.

America’s Swimming Pool Company Franchise Costs, Fees, Profit and Data for 2025

americas-swimming-pool-asp-franchise-deep-dive

image of The Cleaning Authority Franchise Deep Dive Article financial investment details

The Cleaning Authority Franchise Costs, Fees, Profit and Data for 2025

the-cleaning-authority-franchise-deep-dive

Jollibee -Launch-Story-Brand-Page-Deep-Dive-2025

Jollibee Franchise Costs, Fees, Profit and Data for 2025

jollibee-franchise-costs-fees-profit-and-data-for-2025

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

DevHub - Meet the Supplier - 1851 Franchise

DevHub: Scalable Digital Marketing for Franchises and Multi-Location Brands

devhub-meet-the-supplier

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

Multi-Unit Wendy’s Operator Signs 12-Unit Deal With Layne’s Chicken Fingers

ricki-oberoi-laynes-chicken-fingers-growth

Design with school-aged child standing on pencil with text "Education Franchises" and "<$500K"

Top Education Franchises Under $500K To Explore in 2025

top-education-franchises-under-500k

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

MORE STORIES LIKE THIS