https://padlet.com/nikbhakta/mimc7rfvrv4rff01 Nik Bhakta is founding Principal of CMG Companies, currently oversees the company's Sonic and Little Caesar's portfolio along with oversight of CMG’s real estate development and its hotel portfolio. https://sonicfranchising.com/about-us/ en-us 2022-06-23 11:13:27 UTC 2022-08-12 10:57:30 UTC hello@padlet.com nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2228797505 The International Franchise Association (IFA) today announced 57 recipients of its Franchisee of the Year Awards, representing companies across all industries from communities around the country. Honored at IFA’s 62nd Annual Convention in San Diego, Calif., the award recognizes outstanding franchise establishment owner-operators.]]> 2022-06-23 11:14:37 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2228797505 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2231335902 Nik Bhakta and his CMG co-founder owns more than 360 restaurants and is a franchisor with multiple brands. However, their investment in SONIC has checked all the boxes for smart growth. According to Bhakta, they have plans to get into the QSR space, and SONIC was the brand that stood out the most.]]> 2022-06-27 10:18:00 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2231335902 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2232415459 A founding Principal, Nik Bhakta has been with CMG Companies (CMG) since the company was founded, and he currently oversees CMG’s real estate development and its hotel portfolio. He’s also involved in oversight for the company’s Sonic and Little Caesars franchise portfolios.]]> 2022-06-28 12:22:40 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2232415459 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2232471867 A founding Principal, Nik Bhakta has been with CMG Companies (CMG) since the company was founded, and he currently oversees CMG’s real estate development and its hotel portfolio. He’s also involved in oversight for the company’s Sonic and Little Caesars franchise portfolios.]]> 2022-06-28 13:34:31 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2232471867 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2234249866 A founding Principal, Nik Bhakta has been with CMG Companies (CMG) since the company was founded, and he currently oversees CMG’s real estate development and its hotel portfolio.]]> 2022-06-30 12:02:50 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2234249866 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2238900591
Nik Bhakta is the founding principal of CMG Companies. CMG is a dynamic business organization led by six energetic entrepreneurs. They make private equity investments with a focus on multi-unit and franchising. It’s a group of separate entities with investments in the multi-unit and franchise space, primarily in the restaurant, hotel, retail, sports, and real estate sectors.]]> 2022-07-07 11:31:41 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2238900591 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2239693497
Nik Bhakta is a successful entrepreneur in Texas, USA. He is the founder of CMG Companies. Nik is a fan of business books, including those written by Sir Richard Branson. His favorite restaurant is Houston’s, and he can’t turn down a good cheeseburger.]]> 2022-07-08 10:21:36 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2239693497 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2240070452 Nik Bhakta - The initial franchise they signed up for was Genghis Grill’s program in 2001, opening their first store the following year. The friends fondly recall how their opening day went - from 4pm to 10pm, not a single customer walked through the door. But they didn’t give up, and in 2004 the company had grown to the point where they could buy the entire Genghis Grill brand. The franchisees were now the franchisors.

]]> 2022-07-09 06:38:08 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2240070452 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2241788556 The International Franchise Association (IFA) today announced 57 recipients of its Franchisee of the Year Awards, representing companies across all industries from communities around the country.]]> 2022-07-12 10:58:11 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2241788556 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2246894935 Leveraging a more efficient unit prototype this Mongolian barbeque chain takes a steady approach to growing its business. Founded in Dallas in the late 1990s by Jeff Sinelli, Genghis Grill has, to borrow the company's favorite play on words, "Khanquered" the Mongolian barbecue niche.]]> 2022-07-20 12:48:46 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2246894935 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2248147595 On coming to work each day, Nik Bhakta states, “I love what I do, and I think we’re building something special. We have hotels, a cricket team, retail outlets and restaurants, but more importantly, we have comradery. We don’t just work together. We all take vacations together, we hang out after work…it’s just really nice to work with your best friends.”]]> 2022-07-22 10:59:24 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2248147595 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2249259937 When not working, Nik Bhakta enjoys sports, and while he loves the NFL, he claims that he doesn’t have a favorite team. He is, however, a huge fan of the Los Angeles Lakers. Nik also enjoys playing with his two sons and checking out movies with his family. ]]> 2022-07-25 12:08:16 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2249259937 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2250530906 A founding Principal, Nik Bhakta has been with CMG Companies (CMG) since the company was founded, and he currently oversees CMG’s real estate development and its hotel portfolio.]]> 2022-07-27 10:34:04 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2250530906 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2257335344 Fireside Pies. A sandwich concept called Baker Brothers. The upscale Elephant Bar out of California. Tex-Mex brand Ruby Tequila’s. Craft cocktail spot Pepper Smash. From a glass-walled conference room overlooking the expansive Shops at Legacy development in Plano, Texas, Ron Parikh ticks off some of the brands CMG Companies exited before turning its attention to quick-service restaurants.]]> 2022-08-09 11:00:25 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2257335344 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2258104137 I’m going to share some of the lessons that I have learned as one of the Managing Directors with the Chalak Mitra Group of Companies. I believe that these core skills make me, and my colleagues better leaders and I hope it helps you as well.]]> 2022-08-10 10:33:09 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2258104137 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2259003831 Nik Bhakta’s also involved in oversight for the company’s Sonic and Little Caesars franchise portfolios. He says, “Right now, I’ve been learning quite a bit in the hotel space. We have 300 or so restaurants, and I drew the straw of getting into the hotel side but still keep my operational skills sharp with restaurants”

]]> 2022-08-11 12:01:36 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2259003831 nikbhakta https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2259750276 Plano, TX - CMG Companies led by Al Bhakta, Ron Parikh, and Nik Bhakta is a group of separate and independent entities with investments in the multi-unit and franchise space. They are primarily focused in the restaurant, hotel, retail, sports and real estate sectors.]]> 2022-08-12 10:57:30 UTC https://padlet.com/nikbhakta/mimc7rfvrv4rff01/wish/2259750276