The founders of Zingerman's Deli shared their strategy of "sharing lavishly" at the Restaurant Finance & Development Conference Wednesday, an antidote to all the laments over a rising minimum wage heard elsewhere at the conference.
To stay current and relevant in this overcrowded restaurant environment, eateries need to maximize value with a focused menu, serve craveable food and give a sincere nod to customization, according to Larry Reinstein, president of LJR Hospitality Ventures.
Americans are more familiar with the concept of a food court than with a food hall. And while “there’s no meaningful difference” between the two versions of a collection of restaurants under one roof, one is associated with fast food and pit stops for shoppers, while the other, a British term, conjures up visions of trendiness.
Instead of fighting over the same box everyone else wants, many brands are looking seriously at shared spaces such as food halls.
As a franchise reporter for two years now, I’m continually amazed by the amount of research, brainpower, cultural/regulatory awareness and personal time spent traveling to bring U.S.-based brands to overseas markets.
With more cities adopting higher minimum wages across the country, and talk of a nationwide wage increase, franchisors and franchisees of restaurant brands have some real decisions to make. Primarily, where does the money come from to pay employees wages that are much higher in some municipalities?
The session was titled “Revenge of the Independents: How Multi-unit Independents and Chefs Are Shaking Up Legacy Chains.” But as the discussion progressed on the last day of the Restaurant Finance & Development Conference in Las Vegas, it became clear independents actually look to emulate chains in some ways.
By the time CKE’s CEO Andy Puzder was introduced on the second day of the Restaurant Finance & Development Conference in Las Vegas, no introduction was needed.
Launching Freshii, the Toronto-based fast casual restaurant concept focused on health and wellness, was “scrappy and at times quite painful,” founder Matthew Corrin told those gathered for the founders panel at RFDC. “But now we maximize every dollar we spend."
“It’s great to be here,” said astronaut and U.S. Navy Captain Scott Kelly, to open his keynote address at the Restaurant Finance & Development Conference today. “After being in space for a year it’s great to be anywhere with gravity.”
Goodbye, Diet Dr. Pepper Cherry Vanilla. Hello, probiotic-infused drinking vinegars. That’s the gist of the beverage forecast from George Hiller, Hiller & Associates, who presented on “The Sugar Water Revolution” at the Restaurant Finance & Development Conference today.
“Anyone who tells you they saw it coming is lying—the data was not there to support the outcome,” said Hugh Hewitt, a radio commentator and a conservative political analyst on NBC, speaking, of course, about Donald Trump’s victory in the presidential election, along with Juan Williams, a Democrat who opines for Fox News.
C-level officers of the smartest-growing franchises are sharing their wisdom with our reporters, as we prepare our exclusive Fast & Serious ranking for the January issue. Here are a few of my favorites so far, with many more to come.
A changing U.S. administration will likely represent a major course change at the International Franchise Association now that several of its most pressing issues are teed up for a more favorable outcome under the future President Trump.
The Parikh brothers added a new brand to their restaurant portfolio, inking a development agreement this week to open 50 new Arby’s restaurants over the next eight years, and purchasing 18 corporate-owned Arby’s restaurants in Baltimore, Maryland, and Harrisburg, Pennsylvania.
I wasn’t really complaining when I wrote last month’s Franchise Times column about our fruitless quest to have a medium Pizza Hut box delivered at work so our FT Fantasy Football league could play the chain’s flick football game.
As we prepare for our annual Restaurant Finance & Development Conference in Las Vegas next week, it’s the busiest time of the year here at Franchise Times. With more interviews on my plate than any other month thus far in 2016, here’s a look at what we’re working on as our nation collectively bites its nails on Election Day.
“It was just electric!” exclaimed David Grossman, the diehard Cubs fan and master franchisee in Chicago for Freshii, who was in Cleveland for Game 7 of the World Series when the Cubs reversed the curse and won it all. By this morning, applications were still flooding in for Freshii’s offer to waive the $30,000 franchise fee for a rabid Cubs fan—if the Cubs went all the way.
Stacy Brown’s entrepreneurial roots go back to family conversations around the dinner table, said the CEO and founder of Chicken Salad Chick, an Auburn, Alabama-based franchise. She was on a recent conference call to prepare for a Restaurant Finance & Development Conference panel in Las Vegas on November 15.
From countless interviews every year, I write about a lot of brands. Some of these stick with me—for a variety of reasons—while others fade to background knowledge. One restaurant brand I’m still itching to try and that I enjoy following is Captain D’s, a 50-year-old seafood brand based in Tennessee.