Lucas Mitchell @LMitchellHQ Twitter profile

Last Seen Profiles

@kriis_st31

@_nihi

@drinkolipop

@Marvez12

@bokeplokalmalam

@Hokkaido_suki8

@TelegraphSport

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@sotwecom

@sukastwgemuk5

@GAlekna16772

@dianszzz29

@kriis_st31

@ShaneYap1

@kriis_st31

Lucas Mitchell

@LMitchellHQ

5 years

@TheBallRealm Lol @utahjazz players forever under rated because they play in Utah. No @spidadmitchell ? Guaranteed if he played on any other team he'd be on the list. It's cool though. Utah will show everyone in June.

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Lucas Mitchell

@LMitchellHQ

6 months

@KHendersonCo I wish I had answers. I dont know that I like a flat tax or not, What I do know is that gov't spending is out of control, and increasing taxes is not the way to solve that problem. No solution honestly. They aren't incentivized to reduce spending. not their money to start with

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Lucas Mitchell

@LMitchellHQ

5 years

@RiotJatt @TheeMarkZ TL is an incredibly well run org and doublelift has matured a lot as well. I'm sure this was handled and communicated well inside the org which makes it easy on both parties. This will net positive results. True leaders on both ends

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Lucas Mitchell

@LMitchellHQ

3 years

The wolf is a king. Pleasure chatting and you all should be following.

The Wolf of Franchises 🍟

@franchisewolf

3 years

Lucas went from a restaurant manager at Five Guys, to owning 13 locations in ~5 years. A big key as an owner has been how he's worked with his managers: • Training them well in the first 12 months • Providing the right incentives for upward mobility

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Lucas Mitchell

@LMitchellHQ

7 months

If you are new here since my second episode with @franchisewolf came out, welcome! Glad you are here. A little about me below:

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Lucas Mitchell

@LMitchellHQ

7 months

@franchisewolf Thanks for having me Wolf!

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Lucas Mitchell

@LMitchellHQ

3 years

@realEstateTrent Also could be clarified with a % of sales derived from a specific product. I.e no more than 20% of their sales can be derived from sandwiches etc.

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Lucas Mitchell

@LMitchellHQ

3 years

@alexfeinberg1 Have the bench and close on dead’s. The pull ups. Have never been able do them well, am convinced I will change that this year. Honestly only 8 months to really focusing ln building strength

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Lucas Mitchell

@LMitchellHQ

7 years

Happy to partner with Sole as our pay card company. Also happy to say that as an employer of 100+ employees at...

The Paperless Trees Project

Lindsay Wilson, SOLE’s Marketing Director had this to say about the Paperless Trees Project, “We recognized the challenge that going paperless poses to payro...

www.youtube.com

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Lucas Mitchell

@LMitchellHQ

3 years

Cough…

The Wolf of Franchises 🍟

@franchisewolf

3 years

Great call with a Five Guys owner. Went from restaurant manager to 13 unit owner in ~5 years. Fire podcast episode coming at ya down the road🔥

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Lucas Mitchell

@LMitchellHQ

2 years

I could be missing the boat big time here, but I have a hot take: Crumbl developers should get to 50% complete on their dev agreements as fast as possible and then sell immediate. If you are between 5-10 units with a few rights left I would test the market now

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Lucas Mitchell

@LMitchellHQ

6 months

@franchisewolf I will be the first to say that anyone who says Jersey Mike's sucks - is wrong. By far the best national sandwich brand in taste, service, and franchisee economics.

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Lucas Mitchell

@LMitchellHQ

5 years

@RPJSa @sirBtc_ @theRealKiyosaki He has been this way, never been afraid to make bold, controversial statements whether right or wrong

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Lucas Mitchell

@LMitchellHQ

5 years

@spidadmitchell @Joeingles7 This was great. Then coach put @Joeingles7 in immediately after. Like "good work Don you gottem going now let's put in the finisher"

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Lucas Mitchell

@LMitchellHQ

4 months

@ChefGruel When I lived in Mexico City I thought it was wild that anyone could set up and sell. Hell we even set up a burger grill for fun out in the street and sold. Thought it was insane, but cool just didnt see it as much here if at all... fast forward 15 years...

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Lucas Mitchell

@LMitchellHQ

6 months

@trevizo_gabe I am a no on sleepovers. My parents adopted this rule when I was in my early teens (after previously having them) I hated it then. But Looking back I get it. Nothing but trouble and things I had to deal with as an adult came from sleepovers.

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Lucas Mitchell

@LMitchellHQ

5 months

Not usually a good thing when your VP of Ops hits the “notify anyway” button on a text at 4:30 AM.

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Lucas Mitchell

@LMitchellHQ

4 months

@LeadershipAcad1 I think a couple of things. 1. These are two separate items IMO, if you aren't going to fire for the totaled truck, then the decision has been made there and shouldn't have a bearing on the decision around an advance.

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Lucas Mitchell

@LMitchellHQ

5 years

Listen to 15 minutes of the audiobook daily at the beginning of their shift and we will recap as a group on our weekly conference calls. Did this with our first 5 restaurants and it changed the way we ran the business. Thank you!

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Lucas Mitchell

@LMitchellHQ

5 years

Three tracks in on #mothernature and already can tell it's going to be the soundtrack to my summer. Well done @dangeroussummer @ajperdomo so good to have you making music again.

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Lucas Mitchell

@LMitchellHQ

1 year

@FranchiseMnA how are the 10,000 down operating franchisees fairing? that is a bit thing long term. Giving up 15% of sales and 50% of profits is no joke. Peanuts left for the franchisees unless the have unit volumes through the roof (a la chick fil a)

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Lucas Mitchell

@LMitchellHQ

4 months

@ShannonJean There was another one that showed double these numbers. It's all in that definition of comfort. Like what are necessities? how big is the house? blah blah these are always garbage imo

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Lucas Mitchell

@LMitchellHQ

5 months

@ChefGruel if they couple it with a class action as they usually do, the 5% goes to the collective group. I know people with 200K+ settlements where the employees literally got 15 bucks or less.

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Lucas Mitchell

@LMitchellHQ

5 years

@McD_Truth @jonathanmaze Go through your bank account and turn off all automatic payments so you are forced to review everything you are paying before it surprised you and leaves your account

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Lucas Mitchell

@LMitchellHQ

5 years

@jockowillink @LeifBabin recently we acquired 8 additional restaurants and today we used portions of chapter 2 for our monthly meeting. No bad teams. Just bad leaders. The team loved it. We are going to be paying them to (1 of 2)

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Lucas Mitchell

@LMitchellHQ

8 months

@brianbeers It will.. you are right. Lack of transparency has led to a lot of lack of understanding. I believe the more employees know, the better. Has worked out so far

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Lucas Mitchell

@LMitchellHQ

7 years

@greenhousenyt My first business I mowed lawns at 9. I remember paying that lawn mower all around the neighborhood. Paid my dad to rent it and for gas 1/2

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Lucas Mitchell

@LMitchellHQ

2 years

Because to be a “real startup” you have to raise capital. Bootstrapping and building cash flow isn’t a “real startup”.

Pedro Franceschi

@pedroh96

2 years

🧵 Yesterday we made the difficult decision to stop serving traditional small businesses at @brexHQ . Brex remains deeply committed to serving startups, so let me explain how we got to this (painful) decision, and why it allows us to serve startups even better.

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Lucas Mitchell

@LMitchellHQ

6 years

Will be attending. If you will be there the next 3 days let me know. Would love to meet you. Experienced Operator and Franchisee. #restaurant #rfdc #restaurantfinance #FastCasual #QSR

Restaurant Finance Monitor

@RestFinance

6 years

#18RFDC is only a few days away! Make sure to come prepared to learn about what's happening in the #restaurant industry!

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Lucas Mitchell

@LMitchellHQ

2 years

If I am wrong, awesome. I just don’t think that kind of revenue is sustainable in cookies and the competitors are popping up everywhere. Crumbl knows what is about to happen which is why they are suing everyone to try to beat them down before the small guys get traction and money

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Lucas Mitchell

@LMitchellHQ

2 years

@sweatystartup Where do they pay 12.70/hour? Seems very low for Chick Fil A especially over the last 12 months where restaurant wages have increased substantially to compete for labor

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Lucas Mitchell

@LMitchellHQ

5 years

@bkng_13 I wonder what percentage of college students pick a major based on the starting salary after graduation OR the median to high end salaries in that field rather than the level of happiness the subject matter gives them

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Lucas Mitchell

@LMitchellHQ

1 year

@brianbeers @franchisewolf any good commercial hood cleaning franchises? My experience with these is that they are mostly locally/regionally owned service co’s

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Lucas Mitchell

@LMitchellHQ

4 months

@Kroening1991 My payment will have increased by almost 35% after the do this next escrow adjustment for insurances and taxes. Went up nearly 25% last year. so 35% over 2 years

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Lucas Mitchell

@LMitchellHQ

5 years

@Radford1738 @gabemcfadden @ArizonaDOT @Arizona_DPS Yikes on the rush to judgement.

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Lucas Mitchell

@LMitchellHQ

8 years

Just posted a raw version of a song. Trying to Get to you. #MusicMonday #acoustic

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Lucas Mitchell

@LMitchellHQ

10 months

@cody_baird @pasquale_z

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Lucas Mitchell

@LMitchellHQ

2 years

@ClintFiore Not enough working capital

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Lucas Mitchell

@LMitchellHQ

5 months

@TRUmav @FranchiseMnA This isnt a chicken chain problem it is a KFC in the US in most markets problem. I know several chicken chain franchisees that do the same as Ben and crush it.

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Lucas Mitchell

@LMitchellHQ

5 months

I never understood what it meant when people said you need to know a little about a lot of things to be in business. I get it now... Anyone else feel like they could chop it up in about 15 different fields on any given day?

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Lucas Mitchell

@LMitchellHQ

1 year

@RestaurantWill many franchisors should get with design teams to try and reduce new build cost .Sales volumes have increased a lot but cost to build has increased more, and pair that with margin pressure I would argue in some concepts the ratio needs to be even higher sales to build out

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Lucas Mitchell

@LMitchellHQ

9 months

@TRUmav 2022, migraines every night in the dot at 11:30 pm. Everything culminated at once. Didn’t even see it coming. Made a ton of changes similar to yours. Truckloads of respect for you. The journey is hard!

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Lucas Mitchell

@LMitchellHQ

7 years

@BrianKarem @realDonaldTrump Regardless of political beliefs this is so obviously bullshit, blows my mind people can't see right through this

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Lucas Mitchell

@LMitchellHQ

5 years

@garyvee @taylordtriplett Ordered today's. Can't wait to try it

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Lucas Mitchell

@LMitchellHQ

4 months

@TRUmav wow. I hadnt seen that yet. looks a lot like what stripe and others do for "internet" businesses. Can you imagine, we will give you a 100K Just pay us back 25% of the future orders on our platform that we are already taking 20%+ of netting them 55% or more % of the order.

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Lucas Mitchell

@LMitchellHQ

3 years

@kcerminara Strong possibility Chik Fil A may not be what it is today if it was publicly traded, likely would look quite different

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Lucas Mitchell

@LMitchellHQ

2 years

@JoeySweeny @franchisewolf This likely has less to do with them in the short time frame if compared to previous years. Prices are up across the board YOY. Transaction count probably up very slightly or flat on a 9%YOY sales increase.

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Lucas Mitchell

@LMitchellHQ

5 months

@FlannCasey @sweatystartup Can he not just give advice to college aged men? he has to give it to both, even though he, himself is a man? seems like a bait here. He will probably take you up on it ;)

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Lucas Mitchell

@LMitchellHQ

2 years

Lived something very similar in Froyo and saw the ownership group that sold make out like bandits. Lines out the door every day, all day. 6 months later 30-50% revenue declines and the acquirer was left picking up the pieces

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Lucas Mitchell

@LMitchellHQ

1 year

@FranchiseMnA It is intense. I will also say, most millionaires I know ( I know a couple in culvers) partnered with an operating partner who did all the work and has equity. Lots in the franchise game do this.

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Lucas Mitchell

@LMitchellHQ

2 years

@zachhomol_ Don’t lie, you forgot a #2 in there somewhere.. triple espresso…

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Lucas Mitchell

@LMitchellHQ

10 years

" @DesignUXUI : Today I learned you can paste emojis into PSD layers via @rob_gill_ #design http://t.co/4Rxuopdn4G"

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Lucas Mitchell

@LMitchellHQ

2 years

@franchisewolf @SameStoreGuy @eva_spread @McFranchisee @mahorowitz I initially read knowledge specific books to learn finance/accounting, and improve my weak areas. Nothing specifically on QSR. Find a partner or mentor to allow you to spend time in their shops with them and their multi unit leaders. Best way

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Lucas Mitchell

@LMitchellHQ

2 years

@McFranchisee @franchisewolf @SameStoreGuy @eva_spread @mahorowitz Signing on to this one for sure. My other suggestion was going to be to go get a job at McDonalds haha

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Lucas Mitchell

@LMitchellHQ

5 years

@Joeingles7 @CJC9BOSS @KyleKorver @GraysonJAllen Going to miss them all, especially Jae. Looking forward to the future and sure glad you're still with us Joe. Can't wait for next seasons Joe Ingles trash talk compilation

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Lucas Mitchell

@LMitchellHQ

2 years

@SameStoreGuy Let’s also talk about how this impacts all other businesses in CA. If QSR is paying 22/hr what do other retail, hospitality, <100 unit chains have to pay employees to compete for talent?

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Lucas Mitchell

@LMitchellHQ

1 year

@FranchiseMnA @FranchiseBob @franchisewolf and I have had a few conversations on this topic as well.

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Lucas Mitchell

@LMitchellHQ

7 months

Anyone have experience working/owning a payroll company? We have a great relationship with one, but I am curious on the economics of the facilitators that utilize the software and process, pay the taxes etc. Essentially the 2nd 1/2 of what we don't do in house.

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Lucas Mitchell

@LMitchellHQ

3 years

@aripat03 @franchisewolf @downtosmallbiz @Franchising247 @FranchiseMister Five Guys and interested in adding other

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Lucas Mitchell

@LMitchellHQ

2 years

@KunalsLab @CoachAnitaPhD @pedroh96 @brexHQ @mercury In the same boat… going to check it out.

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Lucas Mitchell

@LMitchellHQ

2 years

@franchisewolf @DevinKunysz Another hot tip: don’t be afraid to be next to a hot drive thru concept if you are fast casual. Lots of overflow from people that don’t want to deal with the line. Even if competing concept

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Lucas Mitchell

@LMitchellHQ

5 months

@TRUmav 18K in rent at that sales number is brutal

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Lucas Mitchell

@LMitchellHQ

4 months

@TRUmav @carbonzen_org "if I just had __________, this ship would turn around"

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Lucas Mitchell

@LMitchellHQ

5 years

@tah829 @jimcramer Applied Friday, still nothing from underwriting although our banker submitted the APP. Same thing operating accounts and small line

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Lucas Mitchell

@LMitchellHQ

2 years

@ClintFiore @JoeCassandra Closed large acquisitions with each kid I have had.. like literally within weeks of my child being born

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Lucas Mitchell

@LMitchellHQ

4 months

@McFranchisee I get the coke or pepsi dilema but I dont think that is a mote in this segment. If I am at sonic and get a dirty soda regardless of brand because I am already there, I am not going to swig to get the other after lunch

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Lucas Mitchell

@LMitchellHQ

4 months

@kickstartmyfran @Dickeys @Lendio For years I have wondered how I continue to see units of this chain.. Looked at it probably 10 years ago, ran away fast. Food isn't very good IMO which is the root of its problems, let alone service yet somehow they continue exist. I even see new ones opening up 🙀

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Lucas Mitchell

@LMitchellHQ

5 months

@IJCFilm @ChefGruel The state has weaponized trial attorneys to go and collect revenue for the state and are willing to cut them in at 25%. The perfect union.....

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Lucas Mitchell

@LMitchellHQ

8 years

@syvar Thought you would get a laugh out of this.

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Lucas Mitchell

@LMitchellHQ

9 months

@MatznerJon It’s already started

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Lucas Mitchell

@LMitchellHQ

2 years

@WilsonCompanies I know that cheeseburger…. @franchisewolf

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Lucas Mitchell

@LMitchellHQ

10 months

@FranchiseMnA I mean there are some for sure. This was very common when the Brand first started expanding out west, I remember opening some stores doing huge numbers 120K weeks. We have settled into a very profitable, sustainable spot in my opinion.

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Lucas Mitchell

@LMitchellHQ

2 years

@franchisewolf Definitely a solid concept. Big difference between them and Chick Fil A is their approach to franchising and the complexity of their menu

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Lucas Mitchell

@LMitchellHQ

9 months

@FranchiseMnA @shalinhtx Some good IBs and Brokers that really understand the Entire landscape in the space will give EBITDAR just so that you can back into an LALR and do quick napkin math on the financing. Should give EBITDA also imo

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Lucas Mitchell

@LMitchellHQ

5 months

O man, this is so spot on. Too many operators turn over an asset worth 7 figures to anyone that will do it to save a few bucks… the wins are in the details and the manager is responsible for those

McFranchisee

@McFranchisee

5 months

It’s the little things: It’s breakfast peak hour, the newly remodeled Burger King doesn’t have one car on the lot. Their delivery truck is literally blocking the entire drive thru + entrance on the back of the building. Why? I’m sure the driver wants to walk a few less steps

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Lucas Mitchell

@LMitchellHQ

5 years

@jr15612 @dustin_ivers @DavidHarrisIV @TheBallRealm I missed the part about before the season starts. Got click baited. Thanks fam

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Lucas Mitchell

@LMitchellHQ

10 years

Deae god the new songs from @theFelixCulpa on the split are amazing. Another full length pls, this will hold me over.

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Lucas Mitchell

@LMitchellHQ

1 year

@tadiwadzuda @zackpennington @timsweetman @seejayadams @UsmanJazab @FranchiseMnA @brianbeers Understanding the the top 20% performers in the system and what they are doing

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Lucas Mitchell

@LMitchellHQ

9 months

@chrismeadej @nicktldr @shamwhoah

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Lucas Mitchell

@LMitchellHQ

2 years

@ClintFiore @WilsonCompanies Please someone challenge this man. Everyone claims to be good at mariokart 64.

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Lucas Mitchell

@LMitchellHQ

11 months

@FranchiseMnA not with a 10 ft pole.

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Lucas Mitchell

@LMitchellHQ

2 years

@MikeJMacco @franchisewolf What’s the profit split CFA vs owner operator? It’s probably more than 350. Mikes number seems close based on an assumed net depending what the split is.

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Lucas Mitchell

@LMitchellHQ

8 years

@Voyboy The Kid Wonder himself getting held up by fanboy TSA. <3

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Lucas Mitchell

@LMitchellHQ

4 years

@jonathanmaze I have spent lots of time thinking about this, would be easier staffing, I don't doubt that - but we won't need additional staff, I don't doubt that either.

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Lucas Mitchell

@LMitchellHQ

1 year

@RestaurantWill is this including taxes/bonus or just straight pay? hard pressed in some states to make this math work. Easy in others. Revenue and pulling other levers is the way to keep total margin healthy in high labor states

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Lucas Mitchell

@LMitchellHQ

8 months

@ClintFiore I feel like the term "grifter" is up there with "narcissist" a real word to describe real (sometimes terrible people) but is also often overused by some people who use them when they don't like someones behavior for any host of reasons,

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Lucas Mitchell

@LMitchellHQ

5 years

@TFMkts @bamlaw99 @jimcramer I was going to say. How many do you think didn't pay rent just because by no threat of getting kicked out now, it fell on their list of "priorities"

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Lucas Mitchell

@LMitchellHQ

3 years

@Hawaii_anShirts @LumberyardDamon I was gonna say, I give myself 15 minutes and if I’m not asleep, it’s time to get the day started

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Lucas Mitchell

@LMitchellHQ

7 years

Self-development Not Self-help. Chekc it out! - #selfdevelopment #lifestyledesign #selfhelp

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Lucas Mitchell

@LMitchellHQ

2 years

@franchisewolf @DevinKunysz There is a raisings cane one pad over from the Chic Fil A on the same side of the street. They do fine all the time I’m sure but my guess is that Sunday is their best day

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Lucas Mitchell

@LMitchellHQ

5 months

I was asked about my thoughts on hustle culture yesterday. Essentially, is it good or bad? My take - it has its place and is necessary for moments. The biggest needle movers for me have always come in space though. Space away from the grind to let the mind wander. Agree?

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Lucas Mitchell

@LMitchellHQ

7 years

Seriously. My brother is a wiz. Tech companies check him out.

syvar

@syvar

7 years

Just put this post up on LinkedIn. Think he'll get any bites? What do you say to a 24 year old, self-taught...

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Lucas Mitchell

@LMitchellHQ

5 months

@McFranchisee We are 100% key drop. not 24 hours and have more limited hours so probably harder for others. Key drop has its own set of challenges but receiving orders during operating hours is absolutely terrible all the way around

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Lucas Mitchell

@LMitchellHQ

7 years

@LiQuiD112 I thought Cain was going to be on stage this weekend?

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Lucas Mitchell

@LMitchellHQ

7 years

@greenhousenyt Pushing*

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Lucas Mitchell

@LMitchellHQ

8 years

Making things happen today. Where are my movers and shakers? #realestateinvesting #moversandshakers #success

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Lucas Mitchell

@LMitchellHQ

6 months

@franchisewolf Amazing entrepreneur for sure. I tried this concept in Vegas and wasn't impressed with the food especially in the competitive chicken space. That said, could be poor franchise operations and it should be amazing. Would try again in a different city out of pure curiousity

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Lucas Mitchell

@LMitchellHQ

3 years

@hockeypuck_55 @ChefGruel It was still there.. sounds like an opportunity for second course to me

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Lucas Mitchell

@LMitchellHQ

1 year

@seejayadams @QSRguy @jonpbaker So great to connect, and you make it easy with the effort you put in. Thank you for the conversations!

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