If the restaurant is facing double-digit reductions in revenue, a decrease in staffing, and no immediate path to recovery, then the operator needs to contact a professional, Webb says. Source: NRN BEN COLEY  October 2020 With colder months ahead and a second wave of COVID-19 predicted by some public health officials, the path forward for…

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Source:  Lisa Jennings for NRN A group of veteran restaurant operators and investors on Friday filed for an initial public offering with the goal of raising $200 million with a new blank-check company that will likely target the restaurant industry, according to filings with the Securities and Exchange Commission. Tastemaker Acquisition Corp. is the latest…

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Source: CNBC / Lauren Thomas/ Amelia Lucas Industry analysts and restructuring experts say another wave of restaurant bankruptcies is looming, as government funds run out and the cooler months roll around, making outdoor dining less viable. “Pre-pandemic, you were already over-saturated with restaurants,” said Michael Jerbich, president of B. Riley Real Estate. “Then the pandemic…

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The chicken chain has had one of the most incredible years in quick-service history. What’s the follow-up? Becoming a household name all over the world. FAST FOOD | AUGUST 2020 | SAM OCHES       POPEYES Is a Popeyes takeover coming? McDonald’s Big Mac. Burger King’s Whopper. KFC’s Original Recipe. Arby’s Classic Roast Beef. Dairy Queen’s Blizzard. The…

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Source: Nations Restaurant News|  Nancy Luna @fastfoodmaven Cracker Barrel Old Country Store is joining the growing list of restaurant chains deleting menu items to simplify operations during the coronavirus pandemic. The Lebanon, Tenn.-based comapny, which reported a 41.7% decline in same-store sales in the second quarter, has streamlined its menu for both guests and employees by…

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National Retail Federation |  Karen Kroll With the COVID-19 pandemic showing little sign of letting up, the need to social distance is likely to remain for a while. That creates challenges for many businesses, particularly restaurants. After all, part of the fun of eating out comes from soaking in the energy of the crowd and…

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If you are looking for a WINNING restaurant concept that would be 1) first to market, 2) family-friendly yet very cool  3) will possess a great opportunity for expansion, I would like to speak with you! In my work as a commercial broker specializing in restaurant and retail concepts, I rarely see concepts that make…

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By Leada Gore | lgore@al.com The Alabama Department of Health has ordered all Alabama restaurants and bars to go to take-out only, part of a sweeping set of regulations designed to curb the growth of coronavirus. A similar order was already in place for Jefferson, Tuscaloosa, Walker, Blount, St. Clair, Shelby and Mobile counties. The…

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MORE CONSUMERS ARE DINING ALONE. CAN RESTAURANTS ADAPT TO THEIR SOLO NEEDS QUICKLY ENOUGH TO KEEP THEM COMING BACK? Original article by LIZ BARRETT FOSTER Solo travelers, single-person households, and solitary diners are making their mark on several industries ranging from consumer goods to tourism to restaurants. As consumers become busier and more stressed, even…

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About 30 million Americans classify themselves as “digital food enthusiasts,” or those who use social channels to connect to food, and believe dining and tech go together like salt and pepper. That’s according to a white paper by consumer intelligence firm Maru/Matchbox, and it’s one way of explaining why so many diners—particularly millennials and Gen Z—are as…

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