Mad Greens Navigates Growth Challenges with Strategic Executive Changes
- Mad Greens currently operates 23 company-owned locations in Colorado, Arizona, and Texas and is preparing for its first franchisee agreement.
- Executive changes within the company include key appointments such as Jerry Teague as chief of development and supply chain, Jeremy Marshall as COO, and Tom Eichenberger as CFO to enhance operational efficiency.
- With an average unit volume just under $1.4 million in 2023, Mad Greens is focusing on a targeted geographical expansion strategy to tackle supply chain challenges and maintain its vibrant brand personality.
Mad Greens, the rapidly expanding fast-casual restaurant chain known for its healthy and delicious salads, has hit a few bumps on the road to growth. Despite facing challenges such as rising real estate costs, supply chain issues, and a scarcity of qualified restaurant operators, CEO Darden Coors remains steadfast in his optimism for the brand's future.
Currently operating 23 company-owned locations across Colorado, Arizona, and Texas, Mad Greens is on the cusp of an exciting new chapter with its first franchisee agreement in the works. However, the road to expansion has been less smooth than anticipated, prompting strategic executive changes within the company.
Key appointments include Jerry Teague as chief of development and supply chain, Jeremy Marshall as COO, and Tom Eichenberger as CFO. The reshuffle aims to bolster the company's operational efficiency and set the stage for sustainable growth.
Mad Greens, which also oversees the operations of Snappy Greens and Tokyo Joe's, has shifted its focus towards unity and cohesion within the team following the acquisition of Tokyo Joe's. With an average unit volume of just under $1.4 million in 2023, 50% of which comes from digital sales, the company is eyeing a more targeted approach to potential expansion.
By concentrating on a narrow geographic area for future growth, Mad Greens hopes to mitigate supply chain challenges and ensure a seamless transition for its quirky and vibrant brand personality. The company is actively seeking qualified restaurant operators ready to open multiple locations in core markets, embodying the fun and innovative ethos that defines Mad Greens' identity.
While the journey may be fraught with challenges, Mad Greens remains poised for success, guided by a team of seasoned executives and a commitment to delivering fresh, flavorful salads to its loyal customer base.
Currently operating 23 company-owned locations across Colorado, Arizona, and Texas, Mad Greens is on the cusp of an exciting new chapter with its first franchisee agreement in the works. However, the road to expansion has been less smooth than anticipated, prompting strategic executive changes within the company.
Key appointments include Jerry Teague as chief of development and supply chain, Jeremy Marshall as COO, and Tom Eichenberger as CFO. The reshuffle aims to bolster the company's operational efficiency and set the stage for sustainable growth.
Mad Greens, which also oversees the operations of Snappy Greens and Tokyo Joe's, has shifted its focus towards unity and cohesion within the team following the acquisition of Tokyo Joe's. With an average unit volume of just under $1.4 million in 2023, 50% of which comes from digital sales, the company is eyeing a more targeted approach to potential expansion.
By concentrating on a narrow geographic area for future growth, Mad Greens hopes to mitigate supply chain challenges and ensure a seamless transition for its quirky and vibrant brand personality. The company is actively seeking qualified restaurant operators ready to open multiple locations in core markets, embodying the fun and innovative ethos that defines Mad Greens' identity.
While the journey may be fraught with challenges, Mad Greens remains poised for success, guided by a team of seasoned executives and a commitment to delivering fresh, flavorful salads to its loyal customer base.
Key Facts:
| Company Name | Mad Greens |
|---|---|
| CEO | Darden Coors |
| Number of Company-Owned Locations | 23 across Colorado, Arizona, and Texas |
| First Franchisee Agreement | In the works |
| Key Executive Appointments | Jerry Teague as chief of development and supply chain, Jeremy Marshall as COO, Tom Eichenberger as CFO |
| Average Unit Volume in 2023 | Just under $1.4 million |
| Percentage of Digital Sales | 50% |
| Brand Focus | Unity and cohesion within the team |
| Acquisition | Acquisition of Tokyo Joe's |
| Expansion Strategy | Targeted approach in a narrow geographic area |
| Operator Search | Seeking qualified restaurant operators for multiple locations |
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