As many of our Orlando readers know, finding a successful niche in the restaurant business can be difficult. Large numbers of new restaurants fail every year, due to strong competition, poor business planning, inferior locations or some other factor. So when a relatively new restaurant is thriving and expanding in a hurry, it's worth writing about on our Orlando business law blog.
The restaurant in question is PDQ, which it says stands for "People Dedicated to Quality." However, for as fast as it seems to be growing, it might as well stand for Pretty Darn Quick. The chain, based in Tampa, opened its first restaurant two years ago; it plans on having 20 restaurants up and running by the end of 2013, including some in North Carolina; owners want to expand the chain into other southern states such as Texas, Alabama and Arizona as well.
Not only that, but the restaurant's co-founder -- who also helped to found the Outback Steakhouse chain -- says he wants to double the number of outlets by the end of 2014. He says some of the projected stores would be corporate-owned, but some would be franchised.
Obviously, any entrepreneur who is expanding at a breakneck pace like this will want to have some familiarity with franchise law. Many customers at the restaurant who were interviewed said they were very loyal to the brand, and some came to eat multiple times during the week. This is the kind of positive press that could be very valuable for a business looking to franchise -- with the help of an experienced business law attorney.
Source: Sun Sentinel, "PDQ expanding throughout South Florida," Miriam Valverde, Oct. 8, 2013
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