Restaurant industry health and outlook hits a two-year peak

Driven by stronger sales and traffic levels and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose to its highest level in more than two years.  The RPI – a monthly composite index that tracks the health of and outlook for the U.S.

FEATURES


Good news: Restaurant sales, unit growth, financing up

Total unit growth for the Top 100 restaurant chains was 1.8 percent in 2012, the highest since 2007.

Restaurants adapt to 'new normal' with efficiency, innovation

Mergers and acquisitions market won't be as active in 2012.

Wrestling with a million dollar baby - skimming

The restaurant industry is rife with ways to lose profitability. Just when you think you have things buttoned up, a new twist comes along that can threaten your business and you may not even know about it.

Fast Casual Executive Summit: CEO Roundtable Part 2

In this session from the 2011 Fast Casual Executive Summit, attendees heard from operators large and small about the ways they are growing sales, integrating creative marketing techniques and (re)shaping the industry. Panelists included: Ed Rensi, co-founder, Tom & Eddie's;...

Disproving the Top 3 employee tax credit misconceptions

Technology has transformed the process of qualifying employees for tax credits and collecting Uncle Sam’s incentives. What was a manual, red tape-ridden process ripe with high potential for errors has become a streamlined digital transaction. In my last column, I...

New concept matches franchisees to lenders

Boefly has attracted many big-name chains as they seek various funding options for growth.

Wall Street Investors Demand ROI - Return on Innovation

Return on Innovation (ROI), and not Return on Investment is the new demand (and expectation) of Wall Street Investors.

Fast casual success: How Wingstop rose above the competition

To build a strong ROI, Wingstop executives built in four pillars for success.

CIT Group: Expect M&A to pick up in 2011

Private equity firms attracted to strong growth potential.

CIT podcast touts restaurant-capital rebound

After a few years of conservatism, capital is slowly becoming more accessible for restaurant-industry operators.

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NEWS


Franchise Assoc. CEO: Economy is on track to full recovery

Franchising growth is expected to grow significantly this year, according to new reports. FRANdata, which has been analyzing franchising activity for more than 25 years, reports that demand for franchise units is expected to increase by more than 12 percent...

Restaurant traffic continues on a positive trajectory

Driven by improving same-store sales and customer traffic and a positive outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose for the second consecutive month. The RPI stood at 101.7 in April, up 0.3 percent from March...

Noodles & Co. acquires 16 franchised locations

Noodles & Company has entered into an agreement to purchase 16 franchised restaurants for approximately $13.4 million. The acquisition is expected to close in early July 2014.

Strong majority of Chipotle shareholders vote against execs' pay packages

At Chipotle’s annual meeting in Denver Thursday, 77 percent of shareholders voted against the compensation packages of co-CEOs Steve Ells and Monty Moran. Last year, they received $25.1M and $24.4M, respectively.

Qdoba experiences double-digit growth in catering sales

Jack in the Box Inc. reported earnings from continuing operations of $18.3 million, or $0.43 per diluted share, for Q2, compared to $15.1 million, or $0.33 per diluted share, for the same period last year. CEO Lenny Comma said in...

Restaurant industry metrics reach 10-month high

Driven by stronger same-store sales and customer traffic and a more optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index rose to a 10-month high in March. The RPI — a monthly composite index that tracks the...

Canadian Restaurant Investment Summit schedule solidified

The fifth annual Canadian Restaurant Investment Summit, produced by GE Capital, will be held in Toronto on May 6-7. According to a news release, it will feature operators, executives, franchisees, investors, lenders and suppliers. One of the sessions features Cara's...

NRA solidifies inaugural Restaurant Finance Summit lineup

The National Restaurant Association has finalized the full line-up for its inaugural Restaurant Finance Summit, which is May 19 during the NRA Show in Chicago. According to a news release, the half-day conference will kick off with a luncheon and...

PizzaRev, Buffalo Wild Wings partnership called 'Deal of the Year'

The strategic partnership formed between PizzaRev and Buffalo Wild Wings was selected as the top investment 'Deal of the Year' by Franchise Times magazine. According to a news release, PizzaRev founders Irv Zuckerman and Rodney Eckerman received the award at...

Access to capital increases for small businesses

A new report from Pepperdine Private Capital Access Index shows that access to capital for businesses of all sizes increased in the first quarter and is at its highest since the inception of the report in Q2 2012. According to...

Private equity firm assumes ownership interest in Newk's Eatery

Newk's Holding Company today announced that Sentinel Capital Partners, a New York-based private equity firm, has made a capital investment in the Newk's Eatery brand and assumed ownership interest in the company. According to a news release, Newk's Holding Company,...

Bill introduced to make restaurants' 15-year tax depreciation schedule permanent

U.S. Representatives Mike Kelly, R-Pa., Richard Neal, D-Mass., Jim Gerlach, R-Pa., and Ron Kind, D-Wis., this week introduced H.R.

Getlowfees.com launches online credit card processing marketplace for merchants

Get Low Fees LLC this week announced the launch of its new website, getlowfees.com. Intended to help business owners lower their credit card processing rates and fees, getlowfees.com delivers a bidding portal that brings together a pool of the biggest...

Survey shows small business optimism for 2014

ShopKeep POS, a provider of cloud-based business management software for the retail and restaurant industries, recently surveyed more than 640 small businesses around the U.S., with most respondents stating they were optimistic about 2014. According to ShopKeep, 94 percent of...

Fiesta Restaurant Group completes refinancing

Fiesta Restaurant Group Inc., parent company of the Pollo Tropical and Taco Cabana restaurant brands, announced it has entered into a new senior secured credit facility with Wells Fargo Bank and JPMorgan Chase Bank, which will provide for up to...

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