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Runza Corporate HQ (8800 Firethorn Lane)

Posted: Mon Apr 17, 2017 7:28 am
by CapitalGuy
Runza National's new HQ

Lincoln-based Runza plans to break ground later this month on a new 47,000-square-foot office building at 8800 Firethorn Lane in southeast Lincoln. The building is expected to be completed by June 2018.

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Mon Apr 17, 2017 9:20 am
by Greg S
Looks cool. Will be interesting to watch their upcoming growth.

Greg

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Mon Apr 17, 2017 10:30 am
by Omaha_corn_burner
Greg S wrote:Looks cool. Will be interesting to watch their upcoming growth.

Greg


Any reason why you think they will suddenly start growing more than before? Is corporate planning to expand? They've had franchising available for years and seem to only have 5 locations outside on Nebraska. I've pitched the idea to a few close friends that have moved out of state, but they all say "people here in XYZ city wouldn't like it."

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Tue Apr 18, 2017 6:26 am
by nebugeater
Omaha_corn_burner wrote:
Greg S wrote:Looks cool. Will be interesting to watch their upcoming growth.

Greg


Any reason why you think they will suddenly start growing more than before? Is corporate planning to expand? They've had franchising available for years and seem to only have 5 locations outside on Nebraska. I've pitched the idea to a few close friends that have moved out of state, but they all say "people here in XYZ city wouldn't like it."



Not sure if you read the story or not but it states that their growth plans are about the same number of stores per year as recent years. They will focus more on out of state and franchise as the "local" are is close to full. More people are needed to support the franchise operation than company owned.

All about building for the next generation it states.

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Tue Apr 18, 2017 8:45 am
by Omaha_corn_burner
Basically I was wondering if he knew something that we didn't. The article sounded like, "we've stagnated for several years but hopefully a new corporate office will [somehow] get us new stores." Are they not gaining franchisees because their corporate office is not exciting?

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Tue Apr 18, 2017 8:51 am
by Greg S
Omaha_corn_burner wrote:
Greg S wrote:Looks cool. Will be interesting to watch their upcoming growth.

Greg


Any reason why you think they will suddenly start growing more than before? Is corporate planning to expand? They've had franchising available for years and seem to only have 5 locations outside on Nebraska. I've pitched the idea to a few close friends that have moved out of state, but they all say "people here in XYZ city wouldn't like it."


From reading the article the expansion will take place outside of Nebraska and through franchising. The thing with Runza is, even if you don't like the signature Runza, their burgers, fries and rings are top notch.

If I was going to buy their franchises, I'd go to KC. Lots of ex Nebraskans there that will provide you a strong base. I imagine they will hit the border states hard.

Greg

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Tue Apr 18, 2017 11:09 am
by Omaha_corn_burner
Yeah but they've been franchising for years. Why would they all of the sudden start pushing those more? Maybe they changed their process or maybe corporate has decided that they will expand into other states more?

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Tue Apr 18, 2017 11:42 am
by Greg S
Yes, from the article the indication was expansion through franchising outside of Nebraska. They basically said they have saturated the Nebraska market.

Greg

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Tue Apr 18, 2017 4:09 pm
by Omaha_corn_burner
They've already been franchising outside of Nebraska for years.

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Tue Apr 18, 2017 7:05 pm
by Linkin5
Omaha_corn_burner wrote:They've already been franchising outside of Nebraska for years.


Lol, read the article.

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Wed Apr 19, 2017 10:29 am
by Omaha_corn_burner
Linkin5 wrote:
Omaha_corn_burner wrote:They've already been franchising outside of Nebraska for years.


Lol, read the article.

Have you read the article? I've read it twice now.

Runza hit 80 locations in 2008 and now sits on 83

So in 9 years they added 3 locations. Yeah, let's continue that growth.

Everett said Runza forecasts opening three to five new locations a year going forward.

Is this what you're excited about? 3-5 new locations per year?

Percentage-wise, okay, 4% growth each year.
Dollars-wise, that's nothing.

They're going to build a building for over 10 million dollars. I hope they have some good cash reserves, because 4 locations a year will take forever (15+ years) to pay back 10 million dollars.

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Wed Apr 19, 2017 4:42 pm
by NovakOmaha
I give them credit. The corporate name is Runza National. If you're going to brag to the women, change your name to Mr. Big. So their "nation" is Nebraska, Iowa, Kansas & Colorado? Big nation there Bubba. Seriously, they do ship nationwide & probably quite a bit. I do miss Runza. One thing about them versus Godfathers & Valentinos is that their quality has held up. Godfathers & Vals are nothing like they were when they were starting out.

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Thu Apr 20, 2017 4:26 pm
by Louie
NovakOmaha wrote: Godfathers & Vals are nothing like they were when they were starting out.

Especially Godfather's. That stuff is terrible anymore.

Re: Runza Corporate HQ (8800 Firethorn Lane)

Posted: Sat Apr 22, 2017 8:27 am
by Uffda
Omaha_corn_burner wrote:They've already been franchising outside of Nebraska for years.


They opened a couple in Sioux Falls several years ago --- they didn't catch on and closed.