SAM Prince is one of Australia’s richest Gen Y-ers, but you wouldn’t know it if you saw him walking down the street. The 33-year-old founder of Zambrero, Australia’s largest Mexican chain, is as relaxed and down-to-earth as they come — but he is a man on a mission.
In the past two years, Zambrero has more than doubled its reach from 71 to 164 stores, boosting his wealth as the sole owner of the franchise company. But it’s not just money that drives him; Dr. Prince decided early on that he wanted to build philanthropy into his business model.
He uses his platform and business profits to help the needy, funding health programs and donating a meal for every burrito or bowl sold as part of its Plate 4 Plate initiative, which has now given more than 14 million meals to people in the developing world.
But having a heartfelt mission does not guarantee success in the rough-and-tumble world of Australian retail. So how did Zambrero become such a prolific fast food presence?
One thing that helped Dr. Prince stay on track was his willingness to ask more experienced entrepreneurs for advice.