Empires

He Built a Wingstop Empire (then launched his own brand)


Listen Later


  • Agapé Restaurants: eatagape.com


  • Franchise Info: eatagape.com/franchise


Matt started as a Subway employee at 13 — and by his twenties, he owned 12 locations.
From there, he expanded into Cinnabon, Dunkin’, and Wingstop, learning hard lessons about unit economics, scaling challenges, and why some brands hit ceilings while others explode.


Today, Matt is the co-founder of Agapé, a fast-casual Mediterranean concept born in Columbus that’s now franchising nationwide. We unpack how his decades as a multi-brand operator shaped his playbook, why he only wants experienced restaurant operators as franchisees, and how Agapé plans to ride the same wave CAVA created — but with stronger economics.


If you’re an operator or investor eyeing the next breakout restaurant brand, this one’s for you.


⏱️ Key Topics

  • [00:00] Getting his start at Subway at 13


  • [05:00] Buying his first store and scaling to 12 locations


  • [10:00] Surviving the chaos of the $5 footlong era


  • [15:00] Lessons from Cinnabon, Dunkin’, and Wingstop


  • [25:00] Site selection secrets and real estate strategy


  • [35:00] Selling Wingstop — and why he says he exited too early


  • [40:00] Founding Agapé during COVID


  • [45:00] Competing in the Mediterranean bowl category


  • [50:00] The future of Agapé and its franchise strategy



🔑 Notable Quotes

“Subway taught me it’s a penny-profit business — you’ve got to scrape to make it.”
“If you can do three times your build-out cost in sales, you’re in a good spot.”
“We’re not trying to sell units. We’re trying to work with good people and build a kick-ass brand together.”


🧠 Episode Tags

Franchising, Restaurants, Small Business, Fast Casual, Wingstop, Subway, Cinnabon, Dunkin’, CAVA, Entrepreneurship, Multi-Unit Operators, Emerging Brands



This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit empirespod.substack.com
...more
View all episodesView all episodes
Download on the App Store

EmpiresBy Patrick Buckley

  • 5
  • 5
  • 5
  • 5
  • 5

5

11 ratings


More shows like Empires

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

229,674 Listeners

Odd Lots by Bloomberg

Odd Lots

1,993 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,342 Listeners

The ONE Thing by Keller Podcast Network

The ONE Thing

1,113 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,145 Listeners

Franchise Secrets Podcast by Erik Van Horn

Franchise Secrets Podcast

65 Listeners

My First Million by Hubspot Media

My First Million

2,660 Listeners

The Shawn Ryan Show by Shawn Ryan

The Shawn Ryan Show

46,368 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

10,254 Listeners

Acquiring Minds by Will Smith

Acquiring Minds

275 Listeners

Son of a Boy Dad by Barstool Sports

Son of a Boy Dad

6,018 Listeners

The Tucker Carlson Show by Tucker Carlson Network

The Tucker Carlson Show

16,982 Listeners

Prof G Markets by Vox Media Podcast Network

Prof G Markets

1,480 Listeners

Smart Franchising with Fransmart by Dan Rowe

Smart Franchising with Fransmart

11 Listeners

David Senra by Scicomm Media

David Senra

229 Listeners