Restaurant News Roundup, 10/04/2022
The popularity of virtual restaurants, which offer only food delivery or pickup, is now leading to franchising. Big Deal Burger, Wing Boss and others are among the virtual restaurant franchises that have opened up in recent months. Read more here: https://www.forbes.com/sites/fionasimpson1/2022/10/04/cooking-up-a-storm-the-rise-of-the-virtual-restaurant-franchise/?sh=16a1deb26a49
Florida restaurants and bars are recovering from Hurricane Ian, with one major Florida chain – First Watch Restaurant Group – reporting all but ten of its 445 establishments have reopened. Read more here: https://www.nrn.com/operations/restaurant-brands-report-recovery-hurricane-ian
New data shows more restaurants were able to cover their rents last month as they raised prices to cover soaring costs. Still, some 36% of the nation’s eateries couldn’t pay their landlords in full, according to the survey. Read more here: https://www.restaurantbusinessonline.com/financing/restaurants-catch-their-rent-payments-price-hikes-take-hold
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