December 16, 2024
Ep77 The Squires Loft Franchise Business Model with Jeff Leipnik & Alec Palexas
Episode#77
With 15 locations built over 30 years, Squires Loft could well be considered a bit of a ‘hidden gem’ with it’s unmatched attention to detail in flavour and grilling steaks, ribs, chicken and more across its one of a kind locations.
We spoke with Alec Palexas, General Manager & Operations Manager, and Jeff Leipnik, Franchisor on the brand and franchise business model.
In Episode#77 - Squires Loft has its own dedicated manufacturing facility to provide a controlled, high level of quality product for all locations, with production built around a focus of flavour being critical.
We discuss the unique qualities that set Squires Loft apart from other steakhouses, focusing on their distinctive flavour profile derived from a proprietary base sauce made with 27 ingredients.
We also explore operational efficiencies such as their "knifeless kitchen" concept, as well as the flat fee structure for franchisees and site selection.
0:00 Introduction
0:42 Squires Loft origins and its focus on quality steaks for over 30 years
1:20 15 locations currently, with 14 in VIC and 1 in WA, and how franchisees have found the business
2:25 Explanation of the unique flavour developed through meticulous ingredient selection in a Central Kitchen
3:47 The flavour detail with 27 ingredients and the point of difference
4:59 The ”knifeless kitchen" concept which simplifies operations by using pre-portioned ingredients
5:58 The model with vertical integration and reducing staff challenges
6:49 The type of people trained to work in the business’ kitchen
7:44 Having a small kitchen crew with often 3 people needed
8:58 Proprietary grills used made to specification
10:54 Breakdown of franchise fee structure highlighting a royalty-free model that supports franchisees
12:20 Insights into site selection criteria emphasising uniqueness over cookie-cutter approaches in outlet designs
14:35 Wrap up
CONTACT Squires Loft Franchising! HERE
Podcast Produced by: The Franchise Business HUB
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