35.2K
Downloads
354
Episodes
The road to the middle market CEO corner office is paved with mile markers that guide in surprising, unpredictable, and some might even say “mysterious” ways! But how do you get such a widely coveted position? This is the question often heard during decades of ROI’s executive search interviews, conducted with top-level executives. ROI’s Into the Corner Office podcast is a new inspiration and answer platform which premieres visionary tales of adventure with great endings and highlights, from powerhouse CEOs driving the formidable success of the U.S. economy’s middle market sector. The CEOs behind this impressive growth reveal insights which equipped them to lead their organizations. Showcasing dynamic leadership stories, Into the Corner Office dives into the heart of what informed and formed these CEOs. Guests share their backgrounds, talk about their early years, and explore what shaped them before they were known for their successes in growing, developing, and leading extraordinary mi...
Episodes
Tuesday Feb 09, 2021
Tuesday Feb 09, 2021
JR Canada Restaurant Group Ltd. (JRC) was founded in 2015 by Canadian business entrepreneur Lewis Gelmon, better known as the original master developer for Domino’s Pizza in Canada. In 2015, JRC purchased the Canadian Master Development rights (“Master License Agreement”) for Johnny Rockets, an iconic world renowned “Americana” restaurant brand. Gelmon raised and contributed to the initial equity seed capital of $8.8 million with plans to expand JRC across Canada via acquisition and franchising. By the end of 2019, JRC had proven out the Johnny Rockets brand having reported consolidated store profitability on its corporate locations, including same store annual sales growth of 12.5%. JRC entered the COVID-19 pandemic in an enviable position of a strong balance sheet with zero debt, solid management, capital reserves and a robust online delivery component. JRC’s decision in 2018 to decelerate growth and embrace third party delivery, rather than open additional locations, gave JRC a significant advantage from March 2020 and beyond. Unlike many of its competitors who were forced to implement delivery haphazardly, Johnny Rockets Canadian store sales were only marginally impacted (down 20%) and did not suffer the significant fiscal losses and store closures that became common in the industry.
Comments (0)
To leave or reply to comments, please download free Podbean or
No Comments
To leave or reply to comments,
please download free Podbean App.