Franchise Succession Planning: WKS Restaurant Group

Thirty-five years ago, Roland Spongberg embarked on a journey that would ultimately transform into a thriving restaurant empire. Roland laid the foundation for the WKS Restaurant Company with the humble beginnings of one El Pollo Loco in Long Beach, CA. Today, this remarkable enterprise employs 12,000 individuals across 375 restaurants, operates in 19 states, and encompasses brands such as Denny’s, El Pollo Loco, Krispy Kreme, and Wendy’s.

Franchise Succession Planning: Navigating a Thriving Restaurant Empire

Yet, Roland’s path to success was challenging, especially when addressing the complex dynamics of family involvement in the business. As a father of six children, Roland initially contemplated a simple solution of dividing his estate equally among his offspring. However, the reality of running a business with family members in various roles and stages of life soon presented a more intricate scenario. Moreover, the responsibility of providing for the thousands of employees under his care added another layer of complexity to the equation.

Family Business Dynamics: Challenges and Solutions

Recognizing the need for expert guidance in navigating this intricate environment, Roland turned to two seasoned succession planners, Hugh Roberts and Jeff Bannon. With their invaluable expertise, Roland and his family embarked on a transparent and inclusive process to develop equitable succession strategies that would benefit the business and the family.

Expert Guidance: Equitable Succession Strategies for Your Enterprise

This video delves into the fascinating journey of Roland Spongberg as he shares his experiences and insights on building a complex multi-unit franchise and multi-brand business while addressing the intricate dynamics of family involvement.

How We Help You

Are you struggling with the complexities of family business succession planning? Navigating the intricate dynamics of passing down a successful enterprise while ensuring equity among family members can be daunting. Like Roland Spongberg, who faced similar challenges while building his restaurant empire, you may need expert guidance.

At our firm, we understand the unique challenges of family involvement in business, especially regarding franchisee succession planning. With our experienced team of succession planners, we can help you develop transparent and inclusive strategies that benefit both your business and your family.

Contact us today to explore how we can assist you in navigating the complexities of family business succession planning. In just 30 minutes, you’ll gain valuable insights and resources to apply to your business immediately. Let’s work together to ensure your enterprise’s continued success and legacy.

Empowering Next-Gen Family Members, Both In and Out of the Business

2024-03-18T17:54:00-05:00By |Franchise Succession Planning: WKS Restaurant Group, Multi-Unit Franchising, Succession Blog, Succession Palooza - Celebrating Succession, Succession Success Stories, Video|

Thirty-five years ago, Roland Spongberg started a restaurant company with one El Pollo Loco in Long Beach, CA. Today, WKS Restaurant Company employs 12,000 employees across 375 restaurants in 19 states operating Denny’s, El Pollo Loco, Krispy Kreme, and Wendy’s. From a pure family perspective, with six children, Roland initially [...]

Succession Strategies for Growing Families and Businesses

2024-03-18T17:57:00-05:00By |Franchise Succession Planning: WKS Restaurant Group, Multi-Unit Franchising, Succession Blog, Succession Palooza - Celebrating Succession, Succession Success Stories, Video|

Roland Spongberg became interested in succession planning after a car dealer friend shared difficulties he was experiencing with his siblings. With no desire to cash out and a father of six kids, with some working in the business and some not, Roland began thinking about the future and opportunities he [...]

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