Enjoying Success: Working Hard - and Enjoying It - Spells Success for Mike Treadwell

Mike TreadwellGrowing up on a farm in the Texas panhandle, Mike Treadwell was looking for a way to stretch his entrepreneurial He thought of opening a His first was Alfie's Fish 'n Chips in Amarillo, next came Mike's Fried Chicken & Fish.

But an eye-opening moment came one day when a friend who operated a nearby stand came over and asked Treadwell about his and labor costs. "I said, 'Heck, I don't know. I've got money in the bank so I guess I'm doing okay.' He said, 'Oh Mike, you've got to know your food and labor costs if you're going to be in this long term,'" Treadwell recalls. "I thought at the time that I wasn't smart enough to do this."

Deciding he need to educate himself about the food and franchising business, he sold both of his restaurants and moved to Little Rock to manage a KFC for a franchisee.

That franchisee sold out to a bigger franchisee, Scott's Foods, and Treadwell went along as director of operations. When Scott's sold out to PepsiCo, he stayed again, as operations director. After spending time as a division leader in Dallas for KFC Corp., he was given an opportunity to work for Restaurant Systems in Springfield, Mo., which had started building KFC restaurants there.

"The only way I'd go, I told them, was if they gave me a chance at sweat equity, and they agreed," Treadwell says. After opening 18 KFCs across Texas, he became president of the company and a full partner with the owner. When his partner decided to retire, they sold off 18 stores and Treadwell used his share to buy him out. Treadwell was left with about 3 dozen restaurants, and in the late 1990s formed Treadwell Enterprises, which today has nearly 100 restaurants encompassing five brands across eight states.

If all that sounds like hard work, it was, Treadwell says, but there's more to it for him than the bottom line. "I get up every day excited about what I'm going to do today to improve the business or different restaurants. I get a kick out of it. If I'd done it just for the money, I'd have been bored long ago. I do it for the fun. I love what I do and I have a great team," he says.

Treadwell, still going strong at 65, says his favorite thing to do outside the office is to take exotic fishing trips on the Amazon River, and offers his own "formula" for building a successful business. "I've always thought that the trick to this business is to have three restaurants. After you've done your homework, you can make a living from one, grow from the second, and do remodels and new equipment purchases out of the third," he says. "But you've got to enjoy it or it won't be successful."

Name: Mike Treadwell
Title: Owner & CEO
Company: Treadwell Enterprises
No. of units by brand: 75 KFCs, 13 KFC/Taco Bells, 2 KFC/Long John Silver's, 2 Ruby Tuesdays, 2 HuHot Mongolian Grills
Age: 65
Family: Married to Marla, 2 daughters and 3 grandsons
Years in franchising: 25
Years in current position: 11

Social Reach:

Viewer Response:

comments powered by Disqus

Top Opportunities »

Subscribe »

Multi-Unit Franchisee Magazine

The only publication dedicated exclusively to the hottest topic in franchising - Multi-Unit and Multi-Brand Franchisees.

Attend »

Multi-Unit Franchising Conference

Multi-Unit Franchising Conference

APR. 27, 2016 | Caesars Palace, Las Vegas, NV

A unique event because it is highly influenced by its advisory board, consisting of the very best multi-unit franchisees. The board works diligently to ensure that the conference delivers on its promise of being the best platform for franchisees to learn how to grow their businesses.

A Franchise Update Media Group Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2015. All Rights Reserved. Site Hosting Provided By: wishVPS on FUMG3

In Loving Memory Of Timothy Gardner (1987-2014)