November 25, 2015 // Franchising.com // Boardwalk Fresh Burgers and Fries, Inc. has announced that one of its Master Franchisees in the Midwest has received six I526 approvals from the USCIS for the construction and operation of 6 new units of Boardwalk Fries Burgers Shakes in the Cincinnati OH area. The Master Franchisee who received the six I526 approvals plans to continue using the EB5 program to finance the company’s growth. The Master Franchisee has already submitted several more I526 petitions for additional Boardwalk units, and expects to receive approvals shortly.
Dave DiFerdinando, President of Boardwalk Fries Burgers Shakes, expects the Master Franchisees nationwide to add a significant number of new units using the EB5 program to obtain the necessary financing. “These six I526 approvals are a very big step for us. They are proof that our brand and our business model are solid. It also shows that EB5 investors can play a big role in our franchisees’ continued expansion,” said Mr. DiFerdinando.
Marc Hyman, an EB5 consultant based in Santa Barbara, California, suggested to Mr. DiFerdinando and his company, Boardwalk Fries Burgers Shakes, that the EB5 program could help his company’s franchisees build out more units in a very cost effective manner. Mr. Hyman worked with Boardwalk Fries Burgers Shakes’ management team to map out a strategy for capitalizing on the EB5 program. Mr. Hyman subsequently introduced Boardwalk Fries Burgers Shakes to a team of professionals who developed the now successful EB5financed growth strategy.
??“Marc Hyman brought the EB5 program to our attention because he saw an opportunity that we weren’t even aware of. He continued to show us how EB5 could finance our franchisees’ growth, and to top it all off, he introduced us to all the right people,” said Mr. DiFerdinando, adding that “ throughout the process, Marc Hyman urged us to be patient, because he knew that our brand and our business model were an ideal match for the EB5 program.”
Dave DiFerdinando and Marc Hyman plan to continue working together to expand the number of franchisees who use the EB5 program to add units in their territories. Together they are developing Boardwalk Fries Burgers Shakes’ fast casual restaurant format so that it can continue to accommodate the needs of the EB5 program. “ The upcoming changes in the EB5 program will likely shift the focus of the program away from major real estate development projects,” says Mr. Hyman, adding “ the EB5 program was initially designed to help smaller businesses create jobs and that is exactly what Boardwalk franchisees will be doing, thanks to the EB5 program.”
Boardwalk Fries Burgers Shakes is headquartered in Columbia, MD, and provides over 33 years of experience to its franchisee community. In addition to its EB5 based growth plans, Boardwalk Fries Burgers Shakes has been expanding outside the U.S. as well. Boardwalk has opened 3 units in Saudi Arabia and 5 units in Canada. Additional units are being planned in the Middle East and in other countries.
Boardwalk Fries Burgers Shakes is a nationwide burger franchise that serves up its world famous Boardwalk Fries, its juicy, delicious, madetoorder burgers, and traditional creamy shakes. As a leader in the fast casual premium burger marketplace, Boardwalk Fries Burgers Shakes’ locations offer a warm, inviting beach atmosphere that is the perfect place to put customers in that vacation frame of mind. Boardwalk Fries Burgers Shakes provides a diversified menu that appeals to a wide demographic, making it a popular restaurant for family dining, lunch for the workforce, and affordable meal offers.
Marc Hyman is a Santa Barbara based EB5 consultant whose company, ACCESS USA, advises nonU.S. residents, as well as business owners, franchisors and franchisees who want to use the EB5 program. Mr. Hyman has written extensively about the benefits of the EB5 program for franchisors, franchisees, smaller businesses and business owners as well as for EB5 petitioners.
For more information about the Boardwalk Fries Burgers Shakes EB5 program, or for more information about using EB5 to finance franchisor and franchisee expansion, please contact Marc Hyman at 805.288.2269 or Marc.Hyman@yahoo.com.
SOURCE Boardwalk Fries Burgers Shakes
Marc Hyman JD