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From full service to fast-casual to legacy fast-food brands, the one constant was disruption. The “chicken wars” had captured most headlines in the months leading up to the COVID pandemic, and a crowded field of fast food and fast-casual concepts have made attempts to get into the game.
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 learning how to make his wife a great bagel ended up creating a business, Jeff’s Bagel Run, which now has 15 locations and is franchising. Wetherill took on about 50% ownership and they launched JBR Franchise Co., to franchise the bagel brand. The families became fast friends. And he loved bagels. They struck a deal.
Fast-casual Panera Bread has been going through significant change over the past two years, with multiple board and leadership changes. As of early June, Panera Bread had 2,197 units, both company and franchised, in 48 states, Washington, D.C. View All Articles by This Author Want breaking news at your fingertips?
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. By Heather Lalley on Jun.
The New Jersey-based fast-casual chain has been acquired by private-equity firm Thompson Street Capital Partners, the company announced Wednesday. Bubbakoo’s started franchising in 2015, and the chain has grown into 15 states, mostly on the East Coast and Midwest. By Lisa Jennings on Jun. By Lisa Jennings on Jun. Sign up here.
A rendering of Perkins Griddle & Go fast-casual concept. Simultaneously, the company also created a fast-casual version of Perkins called Griddle & Go, another nod to younger, on-the-go customers. News food drink Joe Guszkowski is a senior editor with Restaurant Business covering technology and casual-dining chains.
The fast-food franchisor is asking a federal court to sign off on its decision to terminate Paradigm Investment Group’s franchise agreement. Private-equity firm Savory Fund made a major investment in casual-dining chain Hawkers Asian Street Food. Starbucks’ latest gambit to improve operations?
Salad is rising as the next drive-thru concept The fast-casual Greenlane is plotting growth across Florida with investor and NFL star Rob Gronkowski working the drive-thru window. But Tampa-based Greenlane is among a growing number of fast-casual concepts making freshly prepared salads a drive-thru option.
The convenience-retailing giant on Wednesday announced a Craveables Value Menu, pitting it in head-to-head competition with fast-food chains also looking to win consumers over with low prices. She previously served as editor in chief of Winsight Grocery Business View All Articles by This Author Want breaking news at your fingertips?
News technology delivery finance 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? Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content.
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.
Meanwhile, sales at cafes, fast-food restaurants, coffee shops, and casual-dining establishments fell by 27 percent. Suppliers have trouble finding enough personnel, and fast food restaurants’ “chicken sandwich wars” have pushed demand even higher. You can read our original article here (10). Conclusion.
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.
Pace of recovery for fastcasual brands has slowed down considerably, although results continue to be much better than for full-service restaurants. The fast food industry ranked sixth out of the 15 industries studied in MBLM’s Brand Intimacy 2020 Study , which is the largest study of brands based on emotions.
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) FastCasual.
With escalating costs, persistent labor challenges, and operational inefficiencies eating into already thin margins, restaurant brandsparticularly enterprise fastcasual and QSR chainsneed solutions that deliver immediate value and impact. Employing 15.5 Qu is a stark difference from our previous system.
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) FastCasual. 2) Fast Food. 2) Fast Food. The fast food restaurant concept attracts diners because of its price, convenience, and speed. 3) Food Truck.
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. Restaurant Franchise Definition.
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.
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.
Enhanced Restaurant Efficiency and Profitability Via Strategic Kitchen Reconfigurations: Ignite Your Restaurant’s Future In the fast-paced restaurant industry, staying ahead of the competition requires constant innovation and adaptation. Success Stories Consider the case of a major fast-casual chain we recently assisted.
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 fastcasuals saw digital sales averaging 25% of total sales in 2022. That’s why we’re dubbing 2023 The Year of Efficiency.
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.
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.
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. Additionally, the results indicate that the negative effect of COVID-19 was smaller for fast-food restaurants compared to full-service establishments. percent demand decline. Shopping malls.
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.
This growth rate has remained consistent through the years for fast-growing concepts with sales between $20m-$60m. The competition between these fast-growing emerging restaurant chains and large established chains resembles a lot of competition between an oil tanker and a speed boat. Which are those?
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. View Website > One fastcasual and one fine dining restaurant make their mark on the world. #2:
He will replace longtime leader Bob Johnston, who began working at Melting Pot as a dishwasher at 14 and later bought the concept with his brothers, growing it into a national franchise. He has held various franchise and operations leadership roles. It also unveiled a new incentive program to help spur franchise growth.
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. Jimmy Johns Sandwiches uses a visits-based loyalty program called Freaky Fast Rewards.
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