---
title: "The Wall Street Journal: Famous Toastery Maneuvers Minimum Wage Hikes in Key Development States"
url: https://burnaze.com/article/9f60be68-721c-4bfd-8591-783f009ac84e
source: "1851 Franchise"
original_url: https://1851franchise.com/the-wall-street-journal-famous-toastery-maneuvers-minimum-wage-hikes-in-key-development-states-7364
category: "Restaurants"
industry: "Restaurants"
topics: ["Regulation & legal"]
published: 2016-11-03T22:17:02.000Z
modified: 2026-11-01T04:14:28.424Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/26a10dfd6601e2fed79c5cba91e504d3570.jpg
---

# The Wall Street Journal: Famous Toastery Maneuvers Minimum Wage Hikes in Key Development States

**TL;DR:** Famous Toastery plans to expand in Colorado and will adjust prices and operations due to minimum wage hikes. The brand's CEO, Robert Maynard, stated that the hikes will require price increases and potential staffing adjustments.

*originally published in 1851 Franchise on 2016-11-03. [Read the original](https://1851franchise.com/the-wall-street-journal-famous-toastery-maneuvers-minimum-wage-hikes-in-key-development-states-7364).*

## Story

The election day, voters in Arizona, Colorado, Maine and Washington will be making a decision on whether to raise the minimum wage in their state to $12 or more according to a recent article in the Wall Street Journal. This would impact many franchise brands planning to grow in those states, including rapidly expanding better breakfast franchise Famous Toastery, which has plans to expand throughout Colorado.

“It takes you to a point where you have to knock up prices a little bit more,” Robert Maynard, co-founder and CEO of Famous Toastery, told the Wall Street Journal. “But you also have to ask ‘How can we be faster?’, ‘Do we need as many people in the kitchen?’” Other factors impacting franchise growth include new overtime rules and Obamacare.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- unit expansion (topic)
- menu pricing (topic)
- Colorado (location)
- Famous Toastery (company)
- Robert Maynard (person)
- minimum wage (topic)
- The Wall Street Journal (regulator)

---
Originally reported by 1851 Franchise (https://1851franchise.com/the-wall-street-journal-famous-toastery-maneuvers-minimum-wage-hikes-in-key-development-states-7364). Summarized by Burnaze (https://burnaze.com/article/9f60be68-721c-4bfd-8591-783f009ac84e).