Prune

A sure way to improve your bottom line is to prune your portfolio regularly. Each year, rank every property using a reliable metric. 

But don’t stop there. 

As soon as possible, eliminate the bottom 10% from your portfolio.  Close underperforming locations now, even if you must pay a modest termination penalty.  This allows you to focus money and management time on successful performers. 

Pruning your portfolio regularly will free up resources the remaining locations may need to flourish and expand profits.