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Succession Strategies for Restaurant Owners: Safeguarding Your Legacy 

Modern Restaurant Management

Within weeks, his corporation declared bankruptcy, leaving 500 employees wondering if they would keep a job and putting $30 million dollars of sale volume at risk for the brand. Despite this, restaurant owners and franchise brands routinely shy away from discussions around exit strategies or succession planning.

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93 Restaurant Industry Statistics Every Food Service Operator Needs to Know in 2024

Apicbase

billion by 2030. billion by 2030. Touchbistro , 2024) Another factor, perhaps less alarming, but constantly present regardless of macroeconomic challenges, is employee theft , which accounts for 4% of annual revenue loss in the restaurant industry. Let’s dig in. The global foodservice market size reached $2,989.5

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Ultimate Grubhub, Red Lobster Catering and Parts in Town

Modern Restaurant Management

Most people do not want to order in person or by calling if they have an alternative, and by integrating pickup with delivery orders our restaurant partners have a complete picture to more efficiently manage their operations." "Since installing Ultimate, I've seen sales increase by 10% and employee costs decrease by 15%.

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Decade of Disruption: Restaurant Insiders Dish What’s on the Plate

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” Technology-enabled franchises are better positioned to continually evolve to meet guests’ changing expectations. Reduce theft.