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In a merger with&nbsp;<a href="https://www.modern-restaurants.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">Modern Restaurant Concepts</a> (MRC),&nbsp;<a href="https://www.qdoba.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">QDOBA</a>, the number one franchisor in the North American Mexican fast-casual space, will be acquired by&nbsp;<a href="https://www.bfly.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">Butterfly Equity</a> with funds managed by affiliates of&nbsp;<a href="https://www.apollofunds.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">Apollo</a>. This merger will boost MRC’s presence in the U.S. significantly, making it one of the largest fast-casual platforms in North America, with nearly 800 units.MRC is currently made up of two brands:&nbsp;<a href="https://modernmarket.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">Modern Market Eatery</a> and&nbsp;<a href="https://lemonadela.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">Lemonade</a>. Modern Market Eatery is a sustainable fast-casual concept offering protein-centric bowls, garden fresh salads, toasted sandwiches and brick oven pizzas. Lemonade is a California-based fast-casual concept that aims to raise the standard of quality and freshness in the industry.In a&nbsp;<a href="https://www.businesswire.com/news/home/20220809005243/en/Butterfly-To-Acquire-QDOBA-and-Form-Leading-Fast-Casual-Restaurant-Platform-Through-Merger-with-Modern-Restaurant-Concepts?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">press release</a>, CEO of Modern Restaurant Concepts&nbsp;<a href="https://www.linkedin.com/in/robert-mccolgan-cfa-274a8592/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">Rob McColgan</a> said, “QDOBA is an iconic brand whose reach will help us bring Modern Market and Lemonade to new consumers and franchisees around the country, particularly as we begin our own franchising journey.”The merger will better fill out MRC’s place in the market with locations in nearly every state in the U.S. Each brand will continue system-level growth with support from MRC leadership, who believes there is space for over 3,000 additional units across the brands.As QDOBA makes this transition, QDOBA CEO&nbsp;<a href="https://www.linkedin.com/in/keith-guilbault-16021410/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">Keith Guilbault</a> says the brand has only scratched the surface of its potential, and the food-focused nature of Butterfly will only make it stronger.Guilbault will continue to lead QDOBA as Co-CEO of MRC after the merger is complete.“We are proud to have supported QDOBA’s business transformation under our fund’s ownership, solidifying its position as the number one Mexican fast-casual franchisor in North America,” Apollo Partner&nbsp;<a href="https://www.linkedin.com/in/itai-wallach-b42b001b/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">Itai Wallach</a> said in the release. “We are confident QDOBA will continue on its growth trajectory as part of the Modern Restaurant Concepts platform and that the talented team will be a valuable asset to the combined platform in its exciting next phase.”To read the full story, visit&nbsp;<a href="https://www.businesswire.com/news/home/20220809005243/en/Butterfly-To-Acquire-QDOBA-and-Form-Leading-Fast-Casual-Restaurant-Platform-Through-Merger-with-Modern-Restaurant-Concepts?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-restaurant-concepts-to-become-one-of-the-largest-fast-casual-platforms-in-the-us-with-the-addition-of-qdoba-2719316" target="_blank" rel="nofollow">businesswire.com</a>.

Modern Restaurant Concepts To Become One of the Largest Fast Casual Platforms in the US With the Addition of QDOBA

1851 Franchise

Butterfly Equity will acquire the Mexican fast-casual franchise QDOBA through a merger with Modern Restaurant Concepts.

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How much can franchisees make? It’s a question many prospective owners ask before investing in a franchise. While earnings tend to be driven by variables such as industry, location and general management skills, a proper understanding of the key factors driving profitability can help franchise owners develop expectations that are realistic.&nbsp;Multi-unit franchisee&nbsp;<a href="https://www.linkedin.com/in/mangesh-patel-9368569/">Mangesh Patel</a>, who’s readying the launch of six&nbsp;<a href="https://www.beefobradysfranchise.com/">Beef ‘O’ Brady’s</a> restaurant locations in the Macon, Georgia area, shares insights from his franchising experience.<h2>Understanding Franchise Income</h2>Keeping operational costs in check can have a major impact on overall earnings. Taking a proactive approach to expenses such as food and labor, as well as payroll and scheduling, can help align actual franchise income with general expectations for the business.“I just had a meeting with a couple of people, and they said, ‘You talked about a 25% profit margin, but I’m only doing 12%.’ So, I looked at the figures they sent me,” Patel said. “Their&nbsp;<a href="https://1851franchise.com/calculate-restaurant-franchise-profit-2730476">restaurant</a> food cost was running at 37%, which should be around 30%. The national average is about 32%. If I do things correctly, my average food cost needs to be at or below 30%. And payroll should run around 18%. But many people run 25 to 28%.”So,&nbsp;<a href="https://1851franchise.com/unraveling-franchise-earnings-how-much-can-you-really-make-2723935">how much can franchisees make</a>? Here are five areas to consider.<h2>Practical Tips for Prospective Franchisees</h2><ol><li>Control Costs From Day One:&nbsp;It’s important to monitor payroll, food and supply costs closely. Overstaffing and inefficiencies can quickly reduce profits.</li><li>Plan For The Opening Surge:&nbsp;Traffic within the first few months of opening is likely to be higher. It’s important to adjust staffing and inventory accordingly, and pay close attention to how those levels change as time goes on.</li><li>Invest In Training:&nbsp;Properly trained workers can help reduce waste and improve overall service, which has a direct effect on net income.</li><li>Understand Your Market:&nbsp;Each market is unique and revenue potential will vary depending upon location, demographics and competition.</li><li>Track Metrics Regularly:&nbsp;Food cost percentages, labor ratios and weekly sales data act as key indicators operations may need to be adjusted.</li></ol><h2>What Profitability Really Comes Down To</h2>Patel notes that if franchise owners manage labor and costs properly, it’s not impossible to achieve strong cash flow even in the first year, bucking some franchising trends.So,&nbsp;<a href="https://1851franchise.com/how-much-can-you-make-as-a-franchise-owner-2724761">how much can franchisees make</a>? While results tend to vary, careful planning, disciplined operations and a proactive approach to assessing initial costs are essential. But by grasping and guiding the elements that drive franchise profitability, franchise owners can maximize overall business earnings, scaling a business that’s sustainable financially over the long term.Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our&nbsp;<a href="https://1851franchise.com/power-rankings">Power Rankings</a> to read more on brands making moves.

How much can franchisees make? This guide explains what drives franchise earnings and how to manage costs, with expert tips from multi-unit owner Mangesh Patel on maximizing your franchise income.

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Modern Restaurant Concepts To Become One of the Largest Fast Casual Platforms in the US With the Addition of QDOBA

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