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At the recent Restaurant Finance & Development Conference, RMS stressed the importance of the value equation. Personalization will also be key, especially for Gen Z, who love mix-and-match value meals and chicken , especially tenders and wings. Balance the value equation.
Wine and Spirits : European wines, beers, and spirits face a 20% tariff, and there have been threats of tariffs up to 200% on EU wines and champagne, significantly raising costs for establishments that rely on imported alcoholic beverages ( Yahoo Finance ).
Consumers and operators crave more in-person dining : 81 percent of consumers say they’d eat at tableservice restaurants more often if finances allowed. 90 percent of fine dining operators say in-person dining is key to their 2025 success.
Proactive measures such as staff training, implementing technology and thorough alcohol safety policies will help keep guests and staff safe, while safeguarding a restaurant’s finances and reputation.
In a volatile economy, CFOs and finance leaders need to do a magic trick. On the one hand, you must pull out every cost-saving trick you can to run the organization efficiently. On the other hand, you need to find ways to motivate and engage your teams so that morale doesn’t take a hit.
While many restaurants have the “rear-view mirror” covered with staff accountants handling day-to-day transactions, bank reconciliations, or payroll, they often lack the strategic finance “co-pilot” who helps owners and other senior management focus on high-impact decisions that create future value.
Premium Financing The market for restaurant chains is heating up The Bottom Line: A pair of firms are reportedly making a play for Papa Johns, and Bojangles is apparently on the market again. Consumers still want great in-store experiences, even if they don’t always use them.
Financial implications : Misclassified employees may claim unpaid wages, benefits or damages, impacting employer finances. Misclassifying workers can have significant repercussions, including: Legal penalties: Employers may face fines, back taxes and legal actions if workers are incorrectly classified.
Premium Financing Franchising may put some restaurant chains at a disadvantage The Bottom Line: In the Applebee’s-Chili’s battle, it’s difficult to overlook the impact of the chains’ different business models on their ultimate results. Premium Financing Is Chilis as cheap as McDonalds? Have consumers moved on?
Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
The company has secured a commitment for debtor-in-possession financing to support operations while proceeding through the Chapter 11 process. " Looking toward possible future outcomes, Bhalla said TGI Friday’s creditworthiness (or lack of) could affect its ability to find financing as it prepares for bankruptcy. "TGI
Premium Financing The fast-casual burger business lost steam last year The Bottom Line: Sales at fast-casual burger chains were weak in 2024, particularly when compared with fast-casual chicken or Mexican brands. But the brand remains the toughest turnaround in the restaurant industry. Have consumers moved on?
News technology delivery finance Joe Guszkowski is a senior editor with Restaurant Business covering technology and casual-dining chains. Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.
Premium Financing The market for restaurant chains is heating up The Bottom Line: A pair of firms are reportedly making a play for Papa Johns, and Bojangles is apparently on the market again. Consumers still want great in-store experiences, even if they don’t always use them.
Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage and financial stability!
Premium Financing Subways next CEO will have a lot of work to do The Bottom Line: The fast-food sandwich chain has stabilized unit volumes and slowed closures. CEO Troy Hooper expects to see 20 to 25 open across the country in the next 12 months. But the brand remains the toughest turnaround in the restaurant industry.
Premium Financing Subways next CEO will have a lot of work to do The Bottom Line: The fast-food sandwich chain has stabilized unit volumes and slowed closures. CEO Troy Hooper expects to see 20 to 25 open across the country in the next 12 months. But the brand remains the toughest turnaround in the restaurant industry.
Premium Financing Franchising may put some restaurant chains at a disadvantage The Bottom Line: In the Applebee’s-Chili’s battle, it’s difficult to overlook the impact of the chains’ different business models on their ultimate results. Premium Financing Is Chilis as cheap as McDonalds? Have consumers moved on?
In fact, Attest finds US adults almost evenly split on feeling secure or insecure with their finances (39 percent secure versus 38 percent insecure), yet dining out remains a bright spot. Consumers want to eat out even when the financial outlook is uncertain, so there is still demand to capture.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities.
Most restaurant owners have financial backers to help them get off the ground, and debt financing relationships to help them grow and cover temporary shortfalls of capital. Having the right financial relationships is important, and fortunately there are a number of non-bank lenders who are able to provide financing options to restaurants.
At the same time, restaurants with healthier finances can afford to implement more balanced, service-preserving approaches. However, operations with lower labor costs maintain a more balanced application of multiple strategies rather than relying on any single approach.
Premium Financing Is Chilis as cheap as McDonalds? It is in California The Bottom Line: Data from Technomic’s Price Pulse shows that the average price for a medium Big Mac meal in California is about the same as the price for a Big Smasher on Chili’s 3-for-Me menu.
“Restaurant owners should use debt opportunistically to finance long-term investments in the business such as the purchase of equipment and furnishings,” he added. ” Having an understanding about debt can help operators make long-range informed decisions.
This guide dives into fast, flexible financing options for restaurant owners. We cover working capital loans, lines of credit, equipment financing, and more, helping you choose the best option for your needs. Discover how to bridge cash flow gaps, fund expansions, or navigate slow seasons without compromising service quality.
Premium Financing Is Chilis as cheap as McDonalds? It is in California The Bottom Line: Data from Technomic’s Price Pulse shows that the average price for a medium Big Mac meal in California is about the same as the price for a Big Smasher on Chili’s 3-for-Me menu.
That will open up SBA financing for the buyer and make your business more attractive to sell. Negotiate a Ten-Year Lease : If you are not sitting on a lease longer than 10 years, go visit your landlord. Tell them you are thinking about selling and want to know if they would offer the incoming buyer a 10-year lease.
Enabling employees to be paid early gives them more flexibility with their finances, which has been found to improve retention rates by up to 63%. Also, flexibility isn’t limited to scheduling. 2 – Invest in their Professional Development Ensuring seasonal employees have meaningful training experiences can pay dividends.
Premium Financing The market for restaurant chains is heating up The Bottom Line: A pair of firms are reportedly making a play for Papa Johns, and Bojangles is apparently on the market again. Consumers still want great in-store experiences, even if they don’t always use them.
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This means lower interest rates for businesses financing inventory and investing in expansion. While this is not a green light for irrational exuberance, restaurant owners may want to dust off the plans for growth they put on hold last year and determine what financing rates are required to make a new project viable.
Cost and Service Transparency Transparency is critical for any potential vendor you are considering partnering with, but especially for those that will be managing your finances. Keep an eye out for firms that offer a predictable cost structure so you can plan for fixed costs without the worry of surprise billing.
Purchasing commercial ice and refrigeration equipment can place a significant strain on your restaurant's finances. At the end of the lease term, businesses have the flexibility to upgrade to newer, more advanced equipment, ensuring they can stay at the forefront of industry advancements without additional financial burden.
Because a cyber incident requires coordinated action, being prepared also means de-siloing operations among IT, operations, legal, and finance departments. Cross-functional teams that meet regularly to discuss cybersecurity risks and response strategies can help break down barriers.
Speaker: Harlan Scott, Founder of Harlan Scott Hospitality and Industry Restaurant
Open Book Management: How transparency about your restaurant’s finances, wins, and losses can give line-level staff a sense of ownership in your operation leading to increased profitability and reduced turnover. How establishing company Core Values gives your team purpose and decreases turnover.
Price: Dynamics 365 Finance - $180 per user/month, Dynamics 365 Finance Premium - $300 per user/month For managing payroll and bookkeeping: Quickbooks Keeping track of what should and should not be included in computing restaurant payroll is time-consuming, and doing it manually can lead to mistakes.
A well-utilized small business loan gives the financing required to scale your restaurant effectively and turns prospects into real outcomes. A well-run cash flow plan helps companies seize chances for expansion without second thoughts about finances.
Finance , "A value war is good for no one…Everyone's dominant strategy when traffic is down is to promote, discount, and lean into value, but all players lose if their peers also make that choice." Monitor Competition Value customers tend to be fickle, following the most intriguing or cheapest offers.
They must connect to priorities across key operations, marketing, customer service and finance roles. Sustainable restaurant expansion requires balancing excitement with patience and perspective. Define the one or two KPIs most critical for your top growth goals. KPIs lose relevance if unrealistic for teams execute across the business.
It puts your business’ finances at risk, not to mention its impact on the livelihoods of you and your staff. Camera Placement Matters : Cameras should be placed in all cash handling areas, at entrances and exits, storage areas, work/prep areas, and break rooms so staff and customers are aware they are being recorded.
Managing finances and staying on track of payroll often comes with unique challenges. While running a restaurant can be rewarding, the job can be daunting and stressful. Understand Worker Classification A common mistake businesses make is improperly classifying employees as independent contractors.
You wouldn’t hire an unqualified chef, or take financial advice from someone with only surface-level knowledge of finance. This sounds like an elitist question – a bit like asking the seller if they went to Harvard – but, when it comes to high tech systems, it's more important than you might think.
EWA, when enabled through an accessible mobile app, empowers workers to take control of their finances and access their pay when they need it most. By current trends , EWA is the modern standard for hourly workers and is therefore critical to any seasonal recruitment strategy.
If you have a more popular season, make sure your finances are set up to ensure that your cash flow lasts throughout the entire year. What would your best advice be for an operator who has a business that has a season regarding how to attract guests other times of the year?
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