Nation’s Restaurant News
Teriyaki Madness was featured in Nation’s Restaurant News in the April 2nd issue. Reporter Nora Caley wrote a franchise feature on succession planning and featured David Marsh, TMAD owner in Marina, California. The piece focused on how the next generation will need to take over franchises after the current generation retires.
Caley wrote that Baby boomers are retiring, or at least thinking about retiring, so someone will have to take over mechanisms for the eventual handover, franchise owners find that they also have to take care of a practical matter, which is training their successor to take over the franchise. For many, that means making sure their adult children are not only willing to take over the location but are prepared.
David Marsh discusses the best way to have the next generation take over a franchise location is to include them from day one. “The other way to have the next generation take over a franchise location is to have them in place from day one. David Marsh, a Teriyaki Madness franchisee who opened his location in Marina, Calif., said the unit is his son and daughter-in-law’s business, and he helps them when needed. “I provide a lot of support;’ he said. “They are basically managing, but I give advice from time to time.”