TL;DR
Philly Pretzel Factory has hired a chief development officer to expand the brand nationally and internationally through new franchise locations. The company hopes to grow from 153 to 500 U.S. stores by 2020 and is set to open its first international store in Nassau in the Bahamas.
Monaghan brings more than 25 years of franchise experience with him to the company, and he will be tasked with expanding the brand both nationally and internationally. After starting on March 16, Monaghan has already received inquiries from individuals in Canada, Mexico and China.
“I get emails all the time from people all over the world who want to open a franchise,” Monaghan told Philly.com. “As for international, we are more concerned with finding the right person rather than the numbers. The right person has to be passionate about the product and can deliver the same quality and service as our U.S. locations.”
This June, Philly Pretzel Factory is set to open its first international store in Nassau in the Bahamas with a franchisee who owns three U.S. locations.
To succeed internationally, Monaghan added that it’s important for the company to cater to local cuisine.
“Maybe if we're in India, they might not like mustard, so we'll create a sauce that caters to their taste buds, but our main product—the soft pretzel—will remain unchanged," Monaghan told Philly.com.
Domestically, Philly Pretzel Factory hopes to grow from 153 to 500 U.S. stores by 2020.
In this story
This story was originally published in 1851 Franchise on June 15, 2015. Burnaze summarizes and links to the original reporting.
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