Financial Resources for Restaurants (Small Business Edition)

COVID-19 has been brutal for many small restaurant businesses. Among many things, it has taught us about the need for financial instruments and resources in the case of emergency. And while this is all happening, many are hoping the government can provide assistance to them. A business without financing options […]

Restaurant News Roundup, 5/05/2020

As restaurants re-open in some states, owners wonder if the good times of just a few months ago will ever return.  Read more here: https://www.washingtonpost.com/business/2020/05/04/restaurants-some-states-fire-up-again-proprietors-wonder-if-rich-dining-landscape-will-ever-be-same/   Texas Roadhouse tells investors the chain is generating enough cash from its to-go service to cover operating costs, and it expects to be turning a […]

Restaurant News Roundup, 04/21/2020

Ruth’s Chris Steakhouse, Shake Shack are among the national restaurant chains criticized for getting millions of dollars in grants from the multi-billion dollar federal Paycheck Protection Program, crowding out smaller restaurants from the now exhausted fund.  Read more here:  https://www.washingtonpost.com/business/2020/04/20/white-house-gop-face-heat-after-hotel-restaurant-chains-helped-run-small-business-program-dry/   An estimated 8 million restaurant workers have been furloughed […]

Adapting your Restaurant & Capitalizing on Opportunities. COVID-19 Part II.

Let’s not sugar coat it, times are tough! But when faced with adversity, Business Owners & Executives have an obligation to adapt and find a way to survive. And in some cases, we can thrive, identify and capitalize on the opportunities that exist. These past weeks, I’ve had many incredible […]

Restaurant News Roundup, 4/5/2020

Coping with coronavirus restrictions, California Pizza Kitchen is among the chains offering meal kits and grocery items for pick-up or delivery.  Read more here: https://www.foodnetwork.com/fn-dish/news/2020/4/chain-restaurants-new-ways-to-feed-customers Restaurants across U.S. mobilize to help feed medical workers on the frontline of the coronavirus pandemic. Read more here: https://www.washingtonpost.com/news/voraciously/wp/2020/04/04/restaurants-step-up-to-feed-hospital-workers-on-the-pandemics-front-lines/   Some states ease restrictions on […]

COVID-19: Relief for Restaurants & Hospitality, How to Get it?

Revised 4/28/20 I spent a lot of time this past week researching what government relief options are being provided for restaurants and businesses across the US, who have been affected by COVID-19. In addition, have had many helpful discussions with our clients and consultations with our accountants, banks and related […]

April 2020: How Can Restaurants Adapt to COVID-19?

How Can Restaurants Adapt to COVID-19? These are unprecedented challenges we are facing as an industry. One of the questions we are getting asked the most within our network is “what are other restaurant & hospitality owners/executives doing during this time?” RestaurantZone’s audience of over 100+ small, medium and large sized firms […]

Restaurant News Roundup, 3/21/2020

Domino’s will hire 10,000 workers to meet delivery demand during the coronavirus outbreak, with Domino’s CEO saying in a statement the restaurant chain not only wants to feed people during the crisis but also provide jobs for those “…looking for work at this time, especially those in the heavily-impacted restaurant […]

Restaurant News Roundup, 3/7/2020

Restaurant industry bracing for coronavirus impact as some experts predict a shift toward food delivery.  Read more here: https://www.nrn.com/news/restaurant-industry-braces-coronavirus-impact   McDonald’s, Starbucks and Dunkin’ Donuts among restaurants taking sanitation measures to prevent coronavirus spread.  Read more here: https://www.cnbc.com/2020/03/06/us-restaurants-respond-to-coronavirus-with-more-cleaning-and-creativity.html   Coronavirus impact overseas: restaurants have closed in cities like Shanghai, Macau, […]

Restaurant News Roundup, 2/22/2020

Layoffs at Subway’s corporate headquarters in Connecticut reflect struggle at the sandwich chain giant as it copes with declining sales and store closings.  https://www.restaurantbusinessonline.com/financing/subway-lays-300-corporate-headquarters   Papa John’s turnaround plan seems to be bearing fruit as the company focuses on improving company culture with incentives such as its Dough & Degrees […]

Restaurant News Roundup, 1/25/20

A recent survey of full-service restaurants show the sector has no shortage of challenges but still is thriving with an average profit margin of 11 percent.  Read more here: https://www.fsrmagazine.com/finance/state-full-service-restaurant-industry   With consolidation increasingly the norm in the restaurant business, more mergers are taking place among growth chains buying up other […]

Restaurant News Roundup, 12/21/19

The front-runner for the Democratic presidential nomination, Joe Biden, is calling for the McDonald’s work force to be unionized.  Read more here: https://www.restaurantbusinessonline.com/workforce/joe-biden-calls-unionization-mcdonalds The food and beverage industry once had the lowest average chargeback rates in the business, but now almost one-third of respondents to a recent survey say these forced refunds […]

Looking for Restaurant Manager

In today’s article we detail how to attract, identify and cultivate the best restaurant manager for your organization. Which is increasingly important in the current environment we’re in. This 2019 alone, we’ve seen countless articles naming this year the most severe labor shortages in decades for restaurants and hospitality. Employee […]

Restaurant News Roundup, 11/06/2019

Restaurant Brands International, which operates Burger King and Tim Hortons among others, is among four restaurant companies that have received a prestigious industry award.  Read more here: https://www.restaurantbusinessonline.com/leadership/4-restaurant-companies-awarded-top-global-industry-honor More full service restaurants are closing down as more customers patronize fast casual and quick service markets.   Read more here:  https://www.foxbusiness.com/lifestyle/restaurant-chains-dying The […]

Restaurant News Roundup, 10/16/19

Chipotle expands its college tuition assistance program for eligible employees in a move to retain and recruit workers.  Read more here:  https://www.restaurantbusinessonline.com/workforce/chipotle-expands-its-tuition-assistance-program   KFC launches on-line ordering and sees big success right off the bat.  The move is part of the chain’s overall technology strategy.  Read more here:  https://www.restaurantbusinessonline.com/technology/kfcs-future-online-ordering-more-delivery-artificial-intelligence   […]

Restaurant News Roundup, 10/01/2019

The restaurant industry’s share of the food dollar is now at 51% as more Americans eat out than ever before, according to an overview of the US restaurant business.  Read more here: https://articles2.marketrealist.com/2019/09/the-restaurant-industry-an-overview/   Supermarket chain Kroger has opened a food hall in a new store in downtown Cincinnati, in […]

Restaurant News Roundup, 9/16/2019

Apps are now the way to go for restaurants.  That’s the word from a top executive at Wayback Burgers who says email and social media are just not enough anymore.   Read more here:  https://www.forbes.com/sites/forbesbusinessdevelopmentcouncil/2019/09/16/restaurant-app-best-practices/#2593c437522a     Taco Bell rolls out a vegetarian menu, with 13 meatless options, to meet […]

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