Craveworthy Brands - Food & Beverage Outlook - issue 2

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CRAVEABLE FOOD AND GUEST EXPERIENCES

CRAVEABLE FOOD AND GUEST EXPERIENCES

Supercharging North America’s food and beverage industry, Craveworthy Brands is the fast-growing multi-concept franchise platform that seeks to grow, nurture, and invigorate emerging and existing brands

Since 2022, Illinois-based Craveworthy Brands (Craveworthy) has been on a mission to transform new, emerging, and mid-level brands into highperforming, fully developed, multiunit franchises that are recognized nationwide.

Founder Gregg Majewski, former CEO of Jimmy John’s Gourmet Sandwiches (Jimmy John’s), brings a wealth of experience to Craveworthy having worked for 24 years across North America’s food and beverage industry in various senior executive roles.

Amidst an industry facing unique fluctuations, Majewski saw the chance to build a restaurant company like no other, with a goal of bringing together distinct yet complementary brands.

Majewski’s life-long dedication to, and track record of, conceptualizing and growing emerging brands saw

him grow Jimmy John’s from just 33 restaurants to a whopping 300 in his time as CEO. As such, he’s now responsible for restructuring and implementing impressive operational standards at Craveworthy that guarantee success.

Centered around the fast-casual food sector, Craveworthy supports some of the most prevalent, up-andcoming food brands in the US with major potential for scalability.

The company currently owns, operates, and franchises several distinct brands across 24 states and is optimistic that it will meet or exceed its goal of generating $1 billion in systemwide sales over the next five years.

Craveworthy’s innovative shared resource model, which seeks to empower small brands to be the next great leader in their field, creates remarkable value for both consumers and restaurant operators.

Ultimately, the company believes that if it’s not delivering a ‘craveable’ experience, it’s just not Craveworthy!

ALL-ROUND SUPPORT

Having successfully developed a new generation of high-growth, easyto-operate quick service restaurant (QSR) brands, Craveworthy provides opportunities for its franchises to achieve the American Dream.

Its current portfolio includes three legacy brands – Genghis Grill, BD’s Mongolian Grill, and Flat Top Grill; eight emerging concepts – Wing It

On!, The Budlong Southern Chicken, Krafted Burger Bar + Tap, Soom Soom, Dirty Dough, Sigri Indian BBQ, Hot Chicken Takeover Southern Chicken (HCT Southern Chicken), and Taim Mediterranean Kitchen; and four virtual brands – Lucky Cat Poke Company, Scramblin’ Ed’s, Pastizza, and Nomad Dawgs.

Each QSR is built on a firm foundation of operational excellence, unparalleled hospitality, innovative and immersive cuisine, and great guest experiences, ensuring excellence across the board.

Emerging brands that choose to franchise with Craveworthy benefit from a whole host of advantages by following the proven business model of established legacy brands, such as low start-up costs and technological support.

In addition, new brands can enjoy both flexible territories and localized marketing guidance, alongside first-to-market advantages and an optimized supply chain through Craveworthy’s plethora of industry contacts.

The company also provides personalized support for each of its

brands, granting them buying power at mass scale and unrivaled access to Craveworthy resources.

A GROWING CONCEPT

In a year of exponential growth for Craveworthy, it acquired multi-brand fast-casual operator, Untamed Brands, while it also opened its first food hall, Craveworthy Kitchen, to showcase its franchises.

A co-branded space at Hayden Hall on the second floor of 333 South Wabash, nicknamed “Big Red”, Craveworthy Kitchen features many of the company’s existing food concepts such as Lucky Cat Poke Company, The Budlong Southern Chicken, and Krafted Smash Burgers – a by-product of Krafted Burger Bar + Tap.

It also promotes virtual concepts exclusive to Craveworthy Kitchen

including Scramblin’ Ed’s, which serves breakfast sandwiches, wraps, and bowls, and Pastizza which, as the name suggests, offers pizza and pasta.

The current brands on offer at the 25,000 square foot (sqft) food hall are only the beginning for Craveworthy, who wishes to add two more concepts to the space alongside a full-service restaurant.

Embodying the vibrant culinary spirit of Chicago, Craveworthy’s food hall venture underscores its relentless dedication to innovation and commitment to remaining ahead of the curve amidst a constantly evolving industry.

GROWTH CASE STUDY

Guided by an overarching strategy of making both its customers and franchisees happy, Craveworthy’s

growth, in theory, has no limits.

This is because there are countless existing or emerging brands across the US that could benefit from being part of a visionary platform able to leverage its resources and scale to create competitive propositions, positioning them for almost guaranteed eventual growth.

In this way, Craveworthy is accumulating not only emerging brands amongst its portfolio but also brands that may be long forgotten. These can be inserted into the Craveworthy ‘cycle’ in which technology is updated and relatively new concepts, such as virtual kitchens, can be implemented.

Providing a resurgence for these brands, Craveworthy’s support also extends to training, marketing, and digital guidance.

CRAVEWORTHY BRANDS

Craveworthy partners with new, emerging, and mid-level brands, each providing the company’s franchisees with increased opportunities for growth.

LEGACY BRANDS

• Genghis Grill – A new store layout has significantly reduced startup costs for franchisees and increased revenue per sqft.

• BD’s Mongolian Grill – New menu options have been introduced that focus on freshness.

• Flat Top Grill – Following a complete brand and menu refresh, Flat Top Grill has built a strong following in the Midwest and is primed for growth.

EMERGING BRANDS

• Wing it On! – Following a successful franchising initiative, the brand was named amongst the 2022 Inc. 5000 list of Fastest Growing Private Companies.

• The Budlong Southern Chicken – New menus have been introduced to reduce costs and drive customer growth.

• Krafted Burder Bar and Tap – Founded by award-winning chef, Robert Kabakoff, this brand’s franchising is currently in the development phase.

• Soom Soom – A leader in the Mediterranean food space, this franchising initiative is starting soon.

• Dirty Dough – One of the fastest-growing cookie brands in the US, franchising across the country has seen over 450 units sold.

• Sigri Indian BBQ – A fast-casual model focused on chef-inspired Indian flavors, low start-up costs, and a small footprint.

• HCT Southern Chicken – High-quality ingredients and low start-up costs will see this franchising initiative begin soon.

• Taim Mediterranean Kitchen – The franchising initiative for this concept will be starting soon.

VIRTUAL BRANDS

• Lucky Cat Poke Company

• Scramblin’ Ed’s

• Pastizza

• Nomad Dawgs

102 years of providing the world’s finest spices and extracts

Marion-Kay Spices, nestled in the heart of culinary traditions, is a testament to the passion and expertise passed down through four generations. Marion-Kay is a family owned, managed, and operated company since 1922.

Originally started in Springfield, Missouri, before moving to St. Louis, Marion-Kay has called Brownstown, Indiana, home since 1949. Marion-Kay imports spices from nearly every region of the world in order to blend, grind, mix, bottle, and ship directly from its factory to any location.

Professional chefs, restaurants, food service, and home chefs alike, know that MarionKay remains fiercely dedicated to delivering spices of unparalleled quality and has done so now for over 102 years! When you choose Marion-Kay, you’re choosing a legacy of excellence.

A truly vast array of Marion-Kay’s spices, herbs, and seasoning blends can be found in restaurants and kitchens across the country. You will recognize “There IS a Difference” when using Marion-Kay to enhance your favorite recipes. When you want the absolute best, Marion-Kay has got you covered.

Unexpected and Unexcelled

Marion-Kay takes pride in its personal and customized service. Restaurant orders go out the same day and are carefully packed and shipped. The company now ships to major cities in the US as well as countries around the world. Its’ spices can be found in nationally acclaimed restaurants and used by award-winning and celebrity chefs throughout North America. The brand is now proudly nationally and internationally known for its award-winning pure vanilla extract and the Marion-Kay chicken seasoning 99-X. The Marion-Kay chili powder, chef’s secret seasoning, and J.R. Mad’s madgic fish breading are just a few more of its most popular signature items. Getting a new product shelf ready has never been easier with Marion-Kay’s professional private labeling services. The company now offers both batch-sized packaging for large-scale operations as well as smaller sizes suited better for institutional or retail settings. From initial blend formulation to final packaging, Marion-Kay is here to help.

Top-Quality Seasonings

Marion-Kay begins with the finest raw materials available, purchased from the area recognized as the finest growing region for that particular spice. We grind, blend, and pack daily to ensure quality and freshness.

Why Choose Marion-Kay

• Same day shipping on most orders nationwide to all major US cities.

• Featured in top-tier restaurants.

• Over a century of expertise and trusted by award-winning and celebrity chefs.

• We offer over 1,000 custom spice formulations.

• Proven flavour expertise with over 1,000 blend formulations

Custom Blending

Marion-Kay specializes in formulating custom blends to your specifications. We offer customized blending services for restaurants, custom orders, and private label products. The company’s experts can help you create custom seasoning blends that are packed with flavor and remain consistent. MarionKay’s team is unsurpassed in its commitment to delivering creative, top-shelf blends.

Fundraising Programs

Marion-Kay founded the business with fundraising programs for churches, schools, organizations, sports teams, and other institutions. Its turnkey fundraising programs have helped hundreds of different groups achieve their goals.

What are you most proud of in relation to the company’s legacy?

Our Founder’s motto: “The only way to beat the competition is to make a better product”.

As well as this: “We are proud to be able to sustain 102 years in one family, and still do business, in most ways, exactly the way our Founder laid it out.”

Do you have any exciting upcoming plans for new products or initiatives?

Continue to grow the food service sector and custom blending accounts.

Genghis Grill is a perfect example of what such a resurgence can look like as, prior to acquisition, the stir fry concept founded in 1998 had closed more than 10 locations since 2019 and saw sales drop by over $10 million as a result.

Thus, Craveworthy has worked hard in recent years to reconceptualize the brand to fit the rapidly emerging fastcasual food segment, moving away from buffet-style food service.

Noticing a relative lack of competition surrounding the createyour-own stir fry model, Craveworthy implemented this framework at Genghis Grill so consumers could have increased autonomy over their food choices, while adding more Asian-inspired flavors and innovative hand-held options like Bowl-ritto and layering in virtual brands such as Lucky Cat Poke Company.

Genghis Grill’s first new site, which opened in June 2023, is strategically located outside of Ohio State University’s campus in Columbus and has generated excitement, positivity,

and, most importantly, profit since its launch.

According to internal reporting in February 2024, by collaborating with Craveworthy, Genghis Grill has seen food and labor costs reduce by six and eight percent, respectively, resulting in a more streamlined operation.

AN ATTRACTIVE PROPOSITION

Of course, aside from ideas and innovation, what fuels Craveworthy’s next generation of fastcasual restaurants is a board of investors deeply committed to elevating emerging and mid-level brands into nationwide sensations through a collaborative resource model.

resources through purchasing power and technology, and ready anticipation of continued growth, making it an attractive prospect for potential investors.

Highlighting the success of Craveworthy’s growth strategy is its latest acquisition, Untamed Brands.

Four key factors differentiating Craveworthy from the competition are its rapid growth, incubation of venture capital (VC), ability to share

The parent company of Taim Mediterranean Kitchen and HCT Southern Chicken has seen the company add 20 locations to its growing portfolio, alongside $28 million in corporate revenue and $4 million in earnings before interest, taxes, depreciation, and amortization (EBITDA).

This achievement has set ideal foundations for Craveworthy’s five-year growth plan, which seeks expansion through franchise

CRAVEWORTHY’S CORE VALUES

• Community – Craveworthy’s family of brands have a common theme – creating food worth craving and exceptional guest experiences. All brands are active members of the communities they serve and strive to give back at every chance they get.

• Opportunity – The company is grateful to have the opportunity to provide people with their first job or the next step in their career, helping them to develop the skills necessary to succeed. Craveworthy deeply understands that every restaurant is only as good as the people it hires and the food it serves, so great pride is taken in developing employees.

• Support – Craveworthy is building an organization with a shared cultural foundation. As such, it is creating a best-in-class support center with a suite of shared services to enable efficient operations and drive competitive advantages for its brands. Each brand will maintain a distinct identity while committing to building a collective culture and, in turn, a winning team.

• Collaboration – The company aims to turn the restaurant industry on its head by being both a disruptor and a creator. It leverages each brand’s strength to drive success while thinking differently about rewarding customers, team members, and investors. Craveworthy’s leaders therefore foster collaboration among teams, franchises, and key stakeholders.

development and additional companyowned stores and acquisitions. Alongside an anticipated $1 billion in system-wide sales, Craveworthy’s growth plan seeks more than $250 million in revenue, 1,000 or more locations across the US, and $50 million in EBITDA.

Through expert leadership under Majewski, a well-established growth pipeline, supercharged innovation and technology distribution, and a culture of hospitality, Craveworthy is able to incubate its 11 current fastcasual brands, which are primed for immanent growth, with more acquisitions under consideration for the near future.

TECHNOLOGIES AND TRAINING

Amidst a new wave of technologies, such as QR codes for restaurant orders, online platforms for pick-up and delivery, self-service kiosks

at many fast-food franchises, and even robot waiters, Craveworthy recognizes how the customer experience can be transformed. However, while it is important to integrate technology to remain innovative and competitive, the company seeks to complement human interaction across franchises rather than replace it.

Though innovative food offerings are primarily what draw guests to its establishments, interacting with a skilled and attentive team is crucial to securing returning customers. Ultimately, Craveworthy believes personal connections are what create a memorable consumer experience. As such, the company’s training is rooted in ensuring its training programs are relevant on the ground at each of its sites, while prioritizing

upskilling to ensure staff are wellequipped to provide a premium customer service experience.

Cassie Miller, Vice President of Training, has created opportunities for upskilling with an internal program for Craveworthy’s franchise operators, where experienced coaches help high-performing staff gain the requisite skills to train other team members effectively. This initiative not only ensures a constant cycle of upskilling across Craveworthy’s brands but maintains consistent engagement with training as franchise operators can delegate responsibilities to employees who are already thriving.

In this way, Craveworthy cultivates a refreshed and energized approach to training and upskilling, resulting in a customer experience that perfectly complements the technologies used across its sites.

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