5 Regional Chains That Should Expand Nationwide
In today's competitive commercial real estate market, regional chains have an opportunity to expand nationwide by leveraging their trusted reputations and high-quality products and services. By expanding into new markets, these chains can tap into a large pool of potential customers, including transplants from other regions who are looking for a taste of home.
Here are five regional chains that should consider expanding nationwide:
BJ's Brewhouse
BJ's Brewhouse is a family-friendly chain that pairs familiar pub fare with an extensive list of house brews. The chain currently operates in 21 states, primarily in the West and Northeast. BJ's could expand its reach by opening locations in the South and Midwest, where there is a growing demand for casual dining options. It’s a great dining atmosphere for families and friends.
Jack in the Box
Jack in the Box is a fast-food chain known for its quirky commercials and creative menu items. The chain currently operates in 22 states, primarily in the West and Southwest. Jack in the Box could expand its reach by opening locations in the Midwest and Northeast, where there is a growing demand for fast food. Think of them as the West Coast version of Culver’s.
Culver's
Culver's is a fast-casual chain that specializes in butter burgers and frozen custard. The chain currently operates in 24 states, primarily in the Midwest. Culver's could expand its reach by opening locations in the South and East, where there is a growing demand for fast-casual dining. Think of them as the East Coast version of Jack in the Box.
QuikTrip
QuikTrip is a gas station convenience store chain known for its clean stores, friendly employees, and wide selection of products. The chain currently operates in 12 states, primarily in the Midwest and South. QuikTrip could expand its reach by opening locations in the Northeast and West, where there is a growing demand for larger footprint all-inclusive gas station convenience stores.
Aldi
Aldi is a discount grocery store chain that originated in Germany in 1946. They are known for their no-frills approach, offering a limited selection of private label products and keeping prices low. Aldi currently operates over 10,000 stores in 20 countries, including 38 states primarily in the eastern, midwestern, and southern regions of the US. With their focus on affordability and quality, Aldi would be a great addition to communities in the West and Midwest, particularly for families looking to save money on their grocery bills. Additionally, Aldi has been expanding their organic and gluten-free offerings, making them a popular choice for health-conscious consumers as well.
Site Selection
Although some locations would need to be new construction developments, there’s a good amount of prime located second-generation real estate available that makes it easier to open because of historical approved uses and existing improvements.
Franchise Opportunities
Some of the chains mentioned above offer franchise opportunities, which can be a great way for entrepreneurs to get involved in the business. By investing in a franchise, entrepreneurs can benefit from the brand recognition and support of a well-established company.
Economic Stimulus
Expanding into new markets can create economic stimulus locally for jobs and taxes. By opening new locations, regional chains can create jobs and generate tax revenue for local governments. This can help to boost the local economy and improve the quality of life for residents.
Conclusion
Regional chains have a lot to offer potential customers, including trusted reputations, high-quality products and services, and a strong commitment to customer service. By expanding nationwide, these chains can tap into a large pool of potential customers and create economic stimulus locally.
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