Peachtree Group, a vertically built-in funding administration agency, has launched a restaurant administration division. Beneath the management of Daniel Puglisi, SVP of company operations for hospitality administration, this division will give attention to working quick-service eating places, beginning with espresso outlets.
This new enterprise underscores Peachtree Group’s dedication to increasing its footprint within the hospitality business, starting with a high-profile partnership with AdventHealth and launching a Starbucks location in its AdventHealth Orlando hospital.
The U.S. Fast Service Restaurant (QSR) market was valued at roughly $320 billion in 2023, encompassing main chains like McDonald’s and smaller regional gamers. Espresso outlets, together with massive names like Starbucks, Caribou Espresso and Dunkin’, make up 12-15% of this market, contributing tens of billions in annual income.
“Since our founding in 2007, we have now constantly grown by figuring out inefficient markets and capitalizing on them to realize sturdy returns and construct sustainable companies,” mentioned Greg Friedman, Peachtree Group’s managing principal and CEO. “The growth into eating places from our present hospitality administration capabilities was a pure evolution. Our partnership with AdventHealth marks a big milestone as we glance to duplicate this profitable mannequin throughout their community and different captive places.”
The Starbucks at AdventHealth Orlando is now open and is the primary retailer to be opened beneath this new division. It’s strategically positioned throughout the hospital’s flagship college campus, that includes a two-story glass storefront on a distinguished nook. This initiative is a part of a broader technique to reinforce affected person satisfaction and supply handy, high-quality service to hospital guests and workers.
Peachtree Group can be in discussions with different espresso franchise choices and goals to increase its attain to excessive profile or excessive demand markets with captive audiences. The objective is to determine a sturdy portfolio of high-profile quick-service espresso store places nationwide.
The brand new division will oversee all new and present restaurant places not inside its personal portfolio of inns. This consists of transitioning its downtown Orlando Starbucks location at its dual-branded Hilton Backyard Inn and Home2 Suites by Hilton to the restaurant administration division.
“Our dedication to excellence in service and operational effectivity units us aside within the business. By leveraging our intensive hospitality experience and premium model partnerships, we’re capable of ship distinctive experiences to our prospects and worth to our landlord companions,” Puglisi mentioned.
This initiative follows a year-long improvement course of, starting with a lease settlement signed in August 2023 and building commencing in February 2024. Peachtree Group has toured a number of different AdventHealth campuses, laying the groundwork for future expansions.
Peachtree Group’s strategic method and customer support mindset have been key elements in securing this partnership. As different hospital techniques observe the constructive influence on AdventHealth’s affected person satisfaction scores and asset enhancement, Peachtree Group anticipates a rising demand for related preparations.
“We’re excited in regards to the potential to develop this enterprise quickly, with an preliminary objective of reaching 5 shops as a beta take a look at and in the end aiming for 100 places,” Puglisi added. “Our focus is on hospitals, universities and different high-traffic, high-visibility places the place we will take advantage of important influence.”
