Get All Access for $5/mo

Little Caesars To Make Managers Owners <b></b>

Detroit-Fueled by a tight labor market and aggressivegrowth strategy, Little Caesars Enterprises Inc. will give itsmanagers the opportunity to buy their own restaurants. The chainwill roll out its Manage To Own program over the next few weeks.The effort is designed to boost sales, improve recruiting andretention, and bolster service.

Under the program, qualifying managers inside and outside thechain can secure their own eatery in as little as six months oftraining. The program will also be extended to developers of newterritories.

Start-up costs will vary based on size and location, but mostmanagers can secure their own store for less than $10,000,according to Dave Scrivano, senior vice president of administrationfor Little Caesars. The average franchise fee for a Little Caesarsoutlet is $20,000.

"Initially, we believe up to 20 percent of our managerswill take advantage of the program," Scrivano. "We willhelp finance the investment if necessary." -The DetroitNews

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

The Most Downloaded News App in the U.S. May Have Published Dozens of Fake, AI-Written Stories

The stories were fake but had real-world consequences for the app's 50 million monthly users.

Side Hustle

This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet

When Tom Saar moved to New York City, he spotted a lucrative business opportunity.

Business News

Is One Company to Blame for Soaring Rental Prices in the U.S.?

The FBI recently raided a major corporate landlord while investigating a rent price-fixing scheme. Here's what we know.

Business News

She Tracked Her Missing Luggage With an Apple Device — Straight to an Airport Employee's Home

Paola Garcia flew into Terminal 4 at Fort Lauderdale-Hollywood International Airport last month when she noticed her luggage never made it to the carousel — then her Apple Watch started pinging.

Growing a Business

3 Non-Financial Factors That Could Impact Your Business' Value

For healthy companies that want to maximize their value, the qualitative indicators can be bundled into three main categories.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.