Jared Beal and Mark Payne, financial auditors who invested their savings to become Little Caesars franchisees, today opened their first Little Caesars store in the Boston area located at 7 Hilldale Avenue in Haverhill. "As financial consultants we were experienced in analyzing balance sheets," said Payne. "Every way we looked at the Little Caesars business model we found the same result, a business opportunity that motivated us to make a career change."
Former coworkers at a leading accounting firm, Beal, 29, and Payne, 32, expect to open their second Boston Little Caesars store at 24 Union Street in Lynn on June 9, 2008. The business partners already have three stores open in Sacramento, with one under construction. By the end of 2008, they plan to have six Little Caesars stores total.
In addition to building their business in the Sacramento market, the business partners were looking for more growth opportunities, and found them in Boston. "Boston is a great pizza market and we're excited to be opening two stores here in as many weeks," said Beal who will be moving to Boston. "We believe Boston pizza lovers will really appreciate the industry-leading value, quality and convenience Little Caesars provides. Families are working hard to stretch their budgets and their time, and we look forward to offering a large, fresh, pepperoni pizza that's ready when Boston consumers are, with no waiting or need to call ahead."
Some of the menu items to be featured in the stores include HOT-N-READY(R) Pizza, Crazy Bread(R), Caesar Wings(R) and Caesar Dips(R).
"Becoming entrepreneurs was definitely a transition for us," said Payne. "However, with the simple operating model, training and ongoing support from the corporate office, it's been very rewarding for us and our families even though the economy has become more challenged."
To maintain its continued growth, Little Caesars supports franchisees with strong processes and a proven system that includes: ongoing training and support, architectural services to help with store design and construction, preferred lenders to assist with financing, the ongoing research and development of new products, and effective marketing programs and support.
Beal and Payne will partner with Chris Elwell, 28, Jared's brother-in-law and a former loan administrator at a credit union, and Rocky Jagir, 23, a former investment banker, who will both help run the Boston stores.
"Jared and Mark have a strong team, and they're looking forward to providing more value to more people in the Boston area," said Bob Mazziotti, senior vice president of franchise development, Little Caesar Enterprises, Inc. "Little Caesars has been in business for nearly 50 years, and remains well-positioned today in this competitive market segment."
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