When Jim Ilaria joined Uno Pizzeria and Grill in November 2018 the management team was working on a 6,500-square-foot prototype restaurant with the intention of using it to bring the brand into new markets. “And I said that’s not going to work, not where the industry is going, it’s too big,” recalled Ilaria when I sat down with him last week at the Restaurant Finance & Development Conference.
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The year-old Corlex Capital is taking its second brand to the franchise market: This is It Southern Kitchen & BBQ, an Atlanta-based Southern home-style restaurant chain founded 35 years ago by the Anthony family and now with 11 restaurants in Georgia and two franchise deals signed.
A 10-year trek has Modern Market Eatery ready to launch a franchise program in 2020. “We’ve been reinventing the concept from the kitchen out,” said CEO and co-founder Anthony Pigliacampo in an interview at the Restaurant Finance & Development Conference last week.
In a surprise shake-up, Krystal has a new COO who is leaning on his deep operational background to continue pivoting the company toward growth.
Shortly after the economy crashed in 2008, Wine & Design CEO and founder Harriett Mills had been laid off from her job in sales and was in search of a new one. It was on a weekend trip with a friend that she would find the inspiration for her concept, which is now a national brand.
On the third day of the Restaurant Finance & Development Conference in Las Vegas, execs from Kitchen United, Sweetberry Bowls and Dog Haus went behind the scenes on the economics and other details for restaurants now operating within delivery- and takeout-only kitchens.
Guy Fieri’s new Chicken Guy concept is clucking right along with a growing management team and development pipeline.
Convenience, quality and experience. These are the three key drivers impacting not only how restaurants are evolving and investing in themselves but also “how the investor community is viewing where they want to place capital,” said Anish Gandhi, managing director at investment banking firm Brookwood Associates, who spoke on a panel today at the Restaurant Finance & Development Conference.
Presented in a quick 7 minutes during the Around the Industry segment on day two of the Restaurant Finance & Development Conference, Paul Sill, founder of Forum Analytics, dove into the concept of what his firm calls ShopoGraphics. It’s a deeper way of looking at the pros, cons, opportunities and challenges of retail sites.