ApplePie Capital announced it recently surpassed $300 million in loans originated to franchise entrepreneurs opening or expanding their businesses.
There are plenty of positive economic indicators to be thankful for as Thanksgiving ushers in this year’s holiday season. Notably, gas prices are low, unemployment claims are at generational lows and housing starts for both one-unit and two-plus-unit structures are higher than any other moment in time since the Great Recession.
According to McKinsey, some 800 million full-time equivalent jobs will be taken over by automation by 2030. And for some restaurant executives, it’s starting to make a lot more sense.
Famed national economist and presidential confidant Art Laffer made his fifth appearance before the RFDC panel dating back to 1995 in Chicago with a message that the best economic growth in recent memory may be in hand.
“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.