Nik Bhakta: Principal at CMG Companies

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Nik Bhakta - CMG Companies

Nik Bhakta’s profile and achievements

Nik Bhakta has been a founding partner at CMG companies since its establishment. He oversees the company’s real estate development and hotel portfolio. He also oversees the company’s Sonic and Little Caesar franchise portfolios.

About CMG companies in Texas USA 

CMG Companies is a Franchise Times top 25 multi-unit operator of restaurants, retail, and hotels. It’s based out of Dallas, Texas. They operate in over 20 states with approximately 300 restaurants, 90 retail units, and eight hotels. They also have extended interests in real estate and other commercial investments. They have owned and operated their businesses, invested capital, and raised capital from institutional and smaller accredited investors. Besides companies’ operations, they raised private equity capital for strategic growth and acquisition incentives while anticipating future expansion.

He grew up in new Mexico with his three sisters. After receiving his degree and working in education for some time, his interest changed to franchising after visiting Genghis Grill with his mates. They opened the first of CMG’s Genghis Grill in 2001. despite the struggles, the restaurant became profitable, opening up the ability to purchase other restaurants through their passion and perseverance. They then began focusing on CMG to diversify, looking at the hotel industry. they now own and operate several properties with more in development

Nik has been learning about hotel space, and they have over 300 restaurants which makes him redirect his focus to the hotel side while keeping his operational skills sharp with restaurants. He worked in his parents’ hotel doing all essential work while he was young, and he’s currently involved in portfolio management and acquisitions.

Nik Bhakta work history

CMG Companies: Principal / Current

Genghis Grill: Chief Operating Officer / 2004 – 2014 • 10 years

Nik Bhakta’s best part of his job

Nik claims his best part of the job is analyzing deals and traveling views hotel properties. Since CMG is in Dallas and not his home state, it is advantageous to him as it allows him to explore things from an outside perspective.

Conclusion

By reporting to work daily, Nik Bhakta loves what he and his team do; they are rebuilding something special. they have hotels, a cricket team, retail outlets and restaurants, and friendship. With the success they experience, they are also looking forward to making multiple investments in more locations. Besides working together, Nik and his team take a vacation and hang out together.