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From full service to fast-casual to legacy fast-food brands, the one constant was disruption. This level of uncertainty is obviously making restaurant owners and fast-casualfranchise owners nervous at the prospect of the industry going through a fundamental change, and what was considered standard practices may become unrecognizable.
MRM Franchise Feed features news about the restaurant franchise (MUFSO) landscape. Founded in 2006, Just Salad is the fast-casual restaurant industry’s leading proponent of zero-waste practices. KFC Foundation Launches MyChange. ” Curry Up Now Adds Incentives LTO.
With all the trouble the pandemic has given the restaurant industry these past couple months, you might be surprised to hear that restaurant franchising opportunities have never been stronger. Up-and-coming restaurants like Fajita Pete recently announced it will triple locations from their new franchise deals (2). UNSTABLE WORKFORCE.
But it wasn’t quite so bad for fast-casual concepts , which outpaced other categories with 9% growth in 2024, according to Technomic. Fast-casual chicken chains, including Dave’s Hot Chicken, saw double-digit sales growth, while fast-casual pizza continued to falter. Segment leader Chipotle Mexican Grill rose to No.
News independents chefs Lisa Jennings is a veteran restaurant industry reporter and editor who covers the fast-casual sector, independent restaurants and emerging chain concepts. View All Articles by This Author Want breaking news at your fingertips? Sign up here. Get today’s need-to-know restaurant industry intelligence.
On Thursday, the casual-dining chain promoted Lyle Tick, its president and chief concept officer, to the top job. News casual_dining Joe Guszkowski is a senior editor with Restaurant Business covering technology and casual-dining chains. View All Articles by This Author Want breaking news at your fingertips? Sign up here.
Of these, one of the biggest challenges facing independent, franchised and fast-casual restaurants is staffing. A recent article in The New York Times cited a 5.7-percent percent increase in average US hourly wages in 2021, specifically noting a rapid rise in wages for leisure and hospitality workers.
Meanwhile, sales at cafes, fast-food restaurants, coffee shops, and casual-dining establishments fell by 27 percent. This is a summary of our earlier article, “Responding to COVID-19’s Impact on the Restaurant Supply Chain.” You can read our original article here (10). Multiple Sourcing and Backup.
Pace of recovery for fast casual brands has slowed down considerably, although results continue to be much better than for full-service restaurants. MBLM also further analyzed the industry in an article entitled, “ Fast Food & COVID-19. Quick service has reached nine consecutive weeks of strong positive comp sales growth.
In this article, the restaurant-management experts at Sling introduce you to the most common types of restaurants so you can plan your business accordingly. Fine dining establishments can operate as a franchise for broader appeal or as a single location to increase their sophisticated image. 2) Casual Dining. 3) Fast Casual.
With escalating costs, persistent labor challenges, and operational inefficiencies eating into already thin margins, restaurant brandsparticularly enterprise fast casual and QSR chainsneed solutions that deliver immediate value and impact. Employing 15.5 Qu is a stark difference from our previous system.
Buying into a franchise can be a good option because it provides support and brand recognition. Will it be a casual neighborhood bar or a more upscale establishment? We'll cover all of this later in this article. You focus on these 11 essential elements of opening a bar: 1. How Much You Can Expect to Earn?
That’s where the franchise expansion model comes into play. If you’re considering this business model, make sure you fully understand what a franchise restaurant is. How To Franchise A Restaurant? Develop your franchise using a proven roadmap for franchisors. Develop your franchise using a proven roadmap for franchisors.
If you’re looking for a more casual meal, I suggest the Maine lobster tail tacos; they’re divine. The Palm franchise has been exceeding expectations since 1926. Gallery Restaurant serves up progressive new American fare on beautiful plates in a casual setting flanked by a captivating art exhibit from Awaken Gallery.
In this article, the food-service-management experts at Sling discuss the popular restaurant concepts and help you choose the one that’s right for you. 1) Fast Casual. In fact, fast food is the most widely recognized type of restaurant in the world thanks to franchise chains like McDonald’s, Burger King, KFC, Taco Bell, and others.
Listen to this article In 1999, the first “dining in the dark” restaurant opened in Zurich, Switzerland. And because braille is so expensive to produce, restaurants typically only order menus once a year, about one or two copies per restaurant; Outback Steakhouse orders a total of about 2,000 menus for its franchises across the country.
Franchising is a time-tested business model that allows restaurant owners to scale their business fast and efficiently. In this post, we are NOT exploring the benefits of a restaurant franchise. We’ve included those at the bottom of the page to give you a complete picture of the risks of franchising your foodservice brand.
Restaurant Revenue Per Square Foot: Fast-casual Restaurants Vs Other Restaurants . Top fast-casualfranchising restaurants outperform restaurants in other sectors with an average of $505 per square foot. Wayback Burgers, for instance, was listed as one of the Top 10 fast-casual restaurant franchises for 2019.
Success Stories Consider the case of a major fast-casual chain we recently assisted. whether lightly, moderately, or heavily franchised systems are investing more in CAPEX. Ask How We Can Help Aaron in the News Aaron helps provide some historical context in this article about the history of “all you can eat”.
In this article, we reveal the average restaurant owner’s salary and discuss ways to exceed the national average for a healthy paycheck. . Fast Food / Casual Restaurants: 6 to 9% . Benefits of Franchise Operation and Restaurant Chains in the Hospitality Industry . Average Restaurant Owner Salary Per Year .
This article is the first of a two-part series distilling the most important findings from the our 4th Annual State of Digital Report. According to our survey findings, QSRs and fast casuals saw digital sales averaging 25% of total sales in 2022. That’s why we’re dubbing 2023 The Year of Efficiency. They need a partner.
In this edition of MRM News Bites, we feature sobering statistics from Yelp, a ghost kitchen franchise model, franchise explosions expected and falling for for an improved PSL. Ghost Kitchen Franchise Model. After signing a franchise agreement, owners are operational on the platform within 10 days. Yelp Sees COVID Effect.
Restaurants, whether a casual restaurant or a full-service restaurant, are businesses like any other, and they’ve put a lot of thought into their portion sizes and prices/cost of food. Full-service restaurants: These fall into the 3-5% profit margin range, depending on restaurant size, menu item prices, turnover rates, and location.
This article delves into how innovative financing structures can not only safeguard but also propel your business forward in uncertain times. Restaurant Franchise Financing Programs These programs are designed to support franchisees in securing the capital required for new outlets. grow through franchising. What Are REITs?
” A new journal article from Yang details how specifically the restaurant industry was affected in the early parts of the pandemic. Fast Casual sales were mixed, with some concepts showing big declines in card sales, while others tripled sales thanks to rich bonus offers. ” Franchise Finance Bounces Back.
Dave Presso, co-founder of fast-casual chain the Hummus and Pita Co. The company expanded to locations in Connecticut, New Jersey, and Michigan, and has begun franchising across the country. Though she certainly wasn’t the first, her brand was the first that most people heard of, and soon other dessert hummus companies took off.
Whether establishing a franchising system to go from 20 to 200 units or thinking of going public at 500+ units, operational excellence, retooling of systems, bringing up standards and SOPs to top-tier performance is what is feeding a cycle of same-store sales and enterprise value growth. Which are those? The content was published by Fortune.
In this article, we hope you get inspired by these two vastly different restaurants and their success stories. 1: Chipotle With more than 3,000 restaurants, this fast-casual chain is nearly a household name. Chipotle is corporate owned instead of franchised, so they can maintain tight control over every aspect of their restaurants.
In this article, you will learn: Why a loyalty program is essential for your restaurants success. People like to be recognized, and a simple reward for their continued support can turn any casual diner into a consistent regular. For more information on training staff, read our article on How to Train Staff On New Systems.
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