Dave’s Hot Chicken: Managing a Red-Hot Expansion with Leasecake
Dave’s Hot Chicken is experiencing explosive growth, with plans to expand to 1000 locations in the coming years. But with this rapid expansion came the challenge of managing a corporate portfolio of leases and for multiple franchisees to manage their portfolio of leases. The stakes were high—missing a lease renewal or overlooking a financial commitment could derail their momentum. Dave’s Hot Chicken needed a reliable solution to keep our corporate leases organized and to provide a solution tool for our Franchisees to ensure they stayed on track.
Solution
Dave’s Hot Chicken turned to Leasecake, offering the solution of the lease and location management to their entire franchise network. This solution will allow the franchisees to maintain a clear, comprehensive view of their entire portfolio, keeping every location on the path to success.
“Leasecake will help support our rapid growth and ensure we stay on top of every detail in our rapidly expanding brand. As we continue to open new locations across the country and beyond, Leasecake provides us with the visibility and organization we need to view critical dates and lease terms seamlessly. It’s a tool to help us to grow efficiently while reducing risks for both our franchisees and the company as a whole.” – Carolyne Canady, CDO, Dave’s Hot Chicken
Results
- Improved Data Organization: With Leasecake, Dave’s Hot Chicken now has all lease and location data neatly organized and easily accessible, supporting continued growth without any disruptions.
- Increased Visibility: The franchisor benefits from real-time insights into critical dates and financial obligations, ensuring they never miss a beat.
- Reduced Risk: Automated reminders to the franchisees from Leasecake and streamlined data management significantly reduce the risk of missing renewals or losing key locations, helping profits to continue growing steadily.
“Leasecake makes managing our leases across multiple cities and states so much easier. The platform aggregates all our lease information, making it incredibly user-friendly and easy to find exactly what we need when we need it. The notifications are a game-changer, especially when it comes to rent changes or critical dates.” – Deryl Pangelinan, COO & Franchisee, Cluckin, Inc