Since the first Margaritas Mexican restaurants opened in 1985, the company has taken a go-slow approach to growth. “Deliberately so,” said Bob Hoffmeister, Margaritas president and chief operating officer.
During the past quarter century, Margaritas has grown to 19 restaurants in New England â€” including locations in Portsmouth, Exeter and Dover â€” with two more set to open in Massachusetts in the next three months. They are all company-owned. Hoffmeister said the company’s founders, John and David Pelletier, set up a growth formula based on available opportunities in targeted locations with a premium on conversion of existing properties.
Now Margaritas, which is one of the largest private restaurant employers in the state, is ready to embark on a franchising campaign that could substantially increase the size of the company in the next decade.
Margaritas, which has its headquarters in Portsmouth, has taken quiet but substantial steps to position itself for the company’s evolution. Hoffmeister, who joined in 2008, has been part of an experienced management team specifically put in place to move the company into franchising. Read full post here.
Photo: Deb Cram.
e² Young Engineers
Build Your Tomorrow. Today! CLICK HERE TO VISIT OUR WEBSITE Background: We are e² Young Engineers Young Engineers enrichment programs combine education + entertainment = edutainment. We created a variety of different programs that can be used to teach science, technology, engineering, math (STEM). Children joining our educational community can learn and enjoy arithmetic, physics, […]
Motiply Mobile App Business
Make Money – Start a MOBILE APP Business Mobile websites are hot and in demand like never before thanks to the explosion of mobile devices such as smartphones and tablets. Businesses are paying BIG money for mobile website and app design and now YOU can get a piece of the action! The With our training […]
Open A Boutique
FREE Tools Guide on “How to open an online or brick & mortar Boutique – on a budget”