Feb 28 2024 78 mins 2
Welcome back to another episode of the Black Wealth Renaissance Podcast! In this episode of the BWR podcast, Randy Hazelton, CEO of H&H Hospitality, joins us. This airport concessions conglomerate owns 20 restaurants in major airports in Atlanta, Dallas-Fort Worth, and D.C. In 2023, the restaurant collective generated $50M in Revenue. During this episode, Randy breaks down the airport concessions industry, the benefits of franchising, overcoming bankruptcy, and much more.
3:55 - How Randy Got Started in Airport Concessions
8:10 - Leaving Corporate to Launch His First Restaurant
13:06 - Filing Personal Bankruptcy to Keep the Business Afloat
17:57 - Making His Restaurant Profitable
21:30 - Selling Their First Restaurant to Enter Airport Concessions
25:14 - Why Do People Feel a Way When Black Founders Exit?
28:00 - Learning the Airport Concessions Industry
30:00 - Franchising Vs. Starting Your Own Brand
38:45 - What is the ACDBE Program?
43:30 - Creative JV Partnerships & Scaling the Right Way
48:30 - The Difference Between Franchising and Licensing
58:36 - Standing on Business Presented by thepsbs.com
1:03:38 - Randy's Top 2 Money Lessons
1:06:00 - Closing Questions
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Keep Up With the Hosts
Randy Hazelton
https://www.instagram.com/randyhazelton/?hl=en
David Bellard
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https://twitter.com/daviddagoliath_
Jalen Clark
https://instagram.com/_jclark06
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