Rapid Expansion 316 Restaurant Group is actively expanding its footprint in the Columbia and Augusta metro areas, opening multiple new units annually, indicating strong growth potential and opportunities for expansion-related solutions.
Franchise Growth As a recognized franchise within the competitive burger and frozen custard segment, the company could benefit from partnership offerings in franchise management, marketing support, and operational technology to accelerate its growth.
Market Position With notable recognitions and a focus on the fast-casual segment, 316 RG is positioned among leading burger chains, presenting opportunities to offer branding, customer engagement, and digital ordering solutions.
Technology Needs Currently utilizing basic web hosting platforms like GoDaddy, the company may be open to advanced technology solutions such as POS systems, mobile ordering platforms, and customer loyalty programs to enhance operational efficiency.
Financial Growth Potential Though currently generating under $1 million in revenue, the rapid expansion and franchise recognition suggest potential for increased sales and revenue streams, making it a promising prospect for investments in scalability and growth infrastructure.