TL;DR
Forbes discusses how small franchise systems can expand internationally, using Russo's as an example of a brand that successfully took its concept overseas. Russo's has 30 franchise locations in six states and decided to take the concept overseas due to potential for growth in international markets.
International expansion doesn’t need to be limited to large franchise brands. In fact, according to a recent article in Forbes , growing beyond American borders may be advantageous to some franchise brands, especially if competition in the U.S. is too competitive.
One brand that decided to capitalize on investment opportunities outside of the U.S. is Russo’s. With 30 franchise locations in six states across the country, the brand decided to take the concept overseas. There was potential for growth in international markets given the concept — New York style pizza isn’t available in many foreign countries.
When asked what the most important requirements are for smaller franchises to go international, Anthony Russo, CEO of Russo’s New York Pizzeria and Russo’s Coal Fired Italian Kitchen, told Forbes, “Minimum 20 locations, a good system, strong corporate staff and sufficient working capital.”
Cassie has over five years of digital and traditional media experience. She joined NLA after working as a television news producer in both Milwaukee and Chicago, and now specializes in aligning strategies across the board for her clients, ultimately building buzz and telling compelling stories through content marketing, social media, digital campaigns and traditional PR. Cassie has a Bachelor of Arts in Broadcast and Electronic Communications from Marquette University.
In her spare time, Cassie enjoys traveling and exploring what new cities have to offer in addition to spending time with her friends and family.
In this story
This story was originally published in 1851 Franchise on May 21, 2018. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.
