In the latest episode of Hospitality Hangout podcast, Michael Schatzberg “The Restaurant Guy” and Jimmy Frischling “ The Finance Guy” were on the road at the ICR Conference 2023 in Orlando, Florida with guests Jim Balis, Managing Director, Capital Spring, Scott Lawton, CEO & CoFounder, Bartaco and Fred LeFranc, CEO, Results Thru Strategy.
Balis leads CapitalSpring’s Strategic Operations Group. He stops by to talk with the guys at ICR to discuss what’s new at CapitalSpring. Balis shares the news that they closed on a fund back in April. He says he is excited about it and that they are going to continue to invest in the restaurant space. Balis says, “we’ve invested out of that fund already in some very exciting ventures and opportunities. As I think you guys know, what makes us unique is that we invest both in debt and equity.”
Bartaco CEO and co-founder, Scott Lawton chats with the guys about having 24 company owned restaurants now and opening another 6 this year. Lawton says, “We’re really excited, we’ve been kind of building up since covid and all these these are covid deals we’re finally getting to launch the new fleet and we are super excited about it.” They are opening in Chicago and Charleston for the first time. They talk about Lawton’s view on 2023 biggest tech trends and he says, “Better ideas, better efficiency and we’re going to have to figure out ways to drop more to the bottom line without adding to the top line.”
LeFranc, CEO at Results Thru Strategy talks about the company and says, “Results Thru Strategy started in 2007 some so my co-founding partners and I decided that the industry needed an advisory firm that was not just an unemployed exec trolling for a job and we got together with 4 of us and now have over 15 entrepreneurial experts with minimum 30 years experience in their area of expertise we help emerging restaurant brands with a pathway to growth, we help legacy brands that need to revitalize their brand because they’ve lost relevance with their customers and we do a tremendous amount of work with technology companies that are trying to sell to the space.”
To hear more from all of the guests that stopped by to chat with Schatzberg and Frischling at ICR, get branded quickfire Orlando addition responses and the crystal ball answers check out this episode Hospitality Hangout.
