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Balance Grille with Prakash Karamchandani

Balance Grille with Prakash Karamchandani

FromFranchise Euphoria


Balance Grille with Prakash Karamchandani

FromFranchise Euphoria

ratings:
Length:
37 minutes
Released:
Jul 28, 2023
Format:
Podcast episode

Description

With a refined focus on clean eating, a literal approach to menu transparency, authenticity, and a digital-first approach, Balance Grille has been turning heads throughout the fast-casual industry since 2010, solving for nearly every issue facing the restaurant arena today and instead turning them into key differentiators for the brand.  Prakash Karamchandani (PK) is the co-founder of Balance Grille. Since its founding in 2010, Balance Grille has successfully reinvented the fast-casual concept, Asian Fusion cuisine, and the franchise business model. It currently has 5 locations, which PK owns and operates along with his buddy-turned-business-partner, HoChan Jang (CJ). PK’s focus is on refining kitchen efficiencies, customer experience, and business operations.   Key Takeaways: [2:34] - PK shares the experience of meeting HoChan and deciding to team up to create Balance Grille. [4:40] - During the economic downturn at the time, PK and CJ were turned down time and time again. [6:38] - It’s not as easy as it seems to go to the bank and get the funding needed to begin. [8:50] - PK and CJ continue to work together and split the responsibilities to maintain the success of the business. [10:27] - They did everything themselves in starting the business. [12:19] - The goal was to create happiness and they did it through food. [13:47] - The restaurant industry is hard to break into due to tons of competition. [15:33] - There’s nothing wrong with making a profit, but there’s more to it than that. [16:58] - From the start, the goal was to create a business that was scaleable. [18:05] - Franchising is new for Balance Grille as they have only been franchising for one year. [20:55] - Staying local is a great goal, but consistency is lacking. [22:54] - PK and CJ have partnered with another company to help scale the business. [27:12] - They have a very clear vision of how they’d like the franchise structured. [29:00] - What are you doing right now to set yourself up for success? [32:31] - The business is growing and thriving right now at a fast pace. [34:31] - Balance Grille is actively seeking franchisees.   Mentioned in This Episode: Balance Grille Website Balance Grille Franchise Site
Released:
Jul 28, 2023
Format:
Podcast episode

Titles in the series (100)

Josh Brown, an Indiana-based franchise attorney and entrepreneur, shares his insights, strategies, frameworks, and best practices gained through more than 15 years of experience in the franchising industry. Franchise Euphoria sheds light on how to design the right business plan for you and your business, avoid the most common and costly mistakes, manage growth, and achieve your business dreams. You will hear from leading franchise and business experts as well as many franchisors who are in the process of growing their franchised businesses. Josh’s approach to business and the franchise world is honest, real, and authentic.