Why BFI? - A Compelling Turnaround Opportunity
Improving Labor Productivity & Food Cost
Infrastructure
Moving both brands onto Inventory Management
o By January 2024, both brands had fully implemented comprehensive inventory management systems, representing a
first for both.
o Believe there is an opportunity to improve COG's by several hundred bps, based on prior experience and limited
existing COG's controls.
New POS in ACFP, a Path to Refranchising:
o Paper tickets, no KDS and no analytics on Speed of service, limited ACFP to drive efficiency in the dining room or in the
kitchen. The restaurant staff and management is very excited by the new POS, expected to be in place in all 59
company-owned restaurants by 2Q24. Representing the final step before a more comprehensive refranchising effort.
o Although, the improvement in customer service from the KDS is worth it alone, we believe that once fully ramped the
system should yield at least a 2%-3% in topline, driven by better attachment and faster turnaround on the restaurant
floor.
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