Edit ModuleShow Tags
Edit ModuleShow Tags

‘Better-for-you’ Beverages in Demand, Says RFDC Speaker


Published:

Drinkable aloe vera waters are part of the next wave of beverages, said George Hiller, of Hiller & Associates, speaking at RFDC.

Two years ago George Hiller talked about the “sugar water revolution” at the Restaurant Finance & Development Conference and, speaking this morning at that same event, “nothing has changed,” he said. 

“The cola wars, they are alive and well—it’s a thing of beauty,” said Hiller, of Hiller & Associates, sharing his beverage forecast with an audience of restaurant operators constantly looking to maximize drink sales.

Sales of bottled water continue to exceed those of carbonated beverages, and Hiller noted that restrictions on soda sales are gaining steam, such as a new ordinance in Baltimore that restricts restaurants from including sodas and other sugary drinks on kids’ menus.

“Consumers are demanding better-for-you beverages,” said Hiller, and what he termed “non-establishment brands” are crucial for attracting millennial consumers. Drinkable aloe vera water in coconut and strawberry banana flavors are part of the next wave of beverages, already popular in retail and quickly making their way to restaurant menus. The same goes for turmeric-infused beverages.

As for other “what’s hot” items, iced tea and lemonade “are on fire,” Hiller noted, either as the base for specialty drinks or on their own.

The major beverage players aren’t sitting idly by, either. Coca-Cola owns natural beverage company Blue Sky, and recently acquired Costa Limited, Europe’s largest coffee company, while Pepsi has craft soda line Stubborn Soda.

Restaurant operators, Hiller stressed, need to start demanding more from their beverage suppliers and structure their contracts more favorably, such as shorter agreements, 24-36 months, so they can adapt as consumer preferences shift.

“Think of what selling additional beverages can do for your bottom line,” said Hiller.

The Restaurant Finance & Development Conference, presented by the Restaurant Finance Monitor, Franchise Times' sister publication, continues through Wednesday at the Wynn Hotel in Las Vegas.

Edit Module
Edit ModuleShow Tags
Edit ModuleShow Tags
Edit ModuleShow Tags
Edit ModuleShow Tags
Edit ModuleShow Tags
Edit ModuleShow Tags


Covers everything from good news to bad judgment

About This Blog

The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is senior editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is restaurants editor at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Laura MichaelsLaura Michaels is managing editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
 twitter.com/mlarson1011.
 

Archives

Categories

Feed

Atom Feed Subscribe to the Franchise Times News Feed »

Recent Posts