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 Restaurant, Finance and Development Conference in Las Vegas with guests Andrew Smith, Managing Director of Savory Fund, Andy Wiederhorn, Chief Executive Officer of Fat Brands and Tim McLaughlin, Chief Executive Officer of GoTab.
Smith is Managing Partner of Savory Management, a Mercato Partners value-add management company, that focuses on delivering outsized returns through strategic growth and replication strategies. They partner with high-potential restaurant concepts to deliver necessary capital, industry knowledge, and operational prowess to facilitate growth into multi-unit brands and they specialize in taking fast casual and polished casual food and beverage concepts with between 2 and 8 locations and scales them into 30 plus units. Smith talks about growth, brands and shares breaking news with the guys.
Wiederhorn has served as a director and Chief Executive Officer of FAT Brands Inc. since its formation. It is a global franchising company that acquires, markets, and develops fast-casual, quick-service, casual dining, and polished casual dining concepts around the world. They own seventeen restaurant brands including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks and more. Wiederhorn talks about growth and acquisitions and buying 9 new brands. They talk about Fat Brands looking at new acquisitions and having a one thousand store pipeline of stores to be built.
The idea of GoTab was started when co-founder McLaughlin started his first restaurant and brewery in 2015. GoTab, Inc., is a Restaurant Commerce Platform helping large and mid-sized restaurants, breweries, bars, hotels and other venues run lean, profitable operations while making guests even more satisfied. Recently the brand made Inc. Power Partner Awards. McLaughlin talks about the importance of integrations and what is next for GoTab.
To hear more from all of the guests that stopped by to chat with Schatzberg and Frischling at RFDC and Branded Quickfire, check out this episode Hospitality Hangout.
