“International light” is how some restaurant brands view Canada when they think about expanding outside the United States, and while the market is certainly attractive and shares many similarities with its southern neighbor, that doesn’t mean franchisors can simply drop their concept in without considering all aspects of the business.
Companies large and small are innovating fast, but it might be the small, scrappy players that really find the next major shift.
At the second day of the Restaurant Finance & Development Conference in Las Vegas, Neil Culbertson, founder and principal of Growth Partners LLC, led a panel entitled “Delivery Economics: How Do Operators Make Money?”
“The cola wars, they are alive and well—it’s a thing of beauty,” said George Hiller, of Hiller & Associates, sharing his beverage forecast with an audience of restaurant operators constantly looking to maximize drink sales.
People used to say “bon voyage” when wishing you a good trip, says travel writer and teacher Rick Steves. But now they say “have a safe trip” or are too afraid to travel in the first place, and it drives him crazy. “Get a grip, America,” he told the luncheon crowd at the Restaurant Finance & Development Conference today.
Inc. magazine’s Bo Burlingham interviewed between 100 and 150 business owners when researching his book about company exits, and what he found was surprising, he told the audience at the Restaurant Finance & Development Conference today.
Anyone who’s bearish on the restaurant business might take heart from consultant Alice Elliot, founder of The Elliot Group and an optimistic speaker at the Restaurant Finance & Development Conference yesterday.
The founder of Panera, Ron Shaich, railed against what he called short-termism in opening remarks at the Restaurant Finance & Development Conference yesterday.
J.P. Morgan’s Commercial Bank has announced the launch of the Franchise and Restaurant Group within its Middle Market Banking & Specialized Industries business and has appointed Michael Pura to lead the effort.
There are a lot of brands pondering global growth, and scholars say the U.K. and China are especially attractive depending on the goals.