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Financing

How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Financing

Restaurateur who stole $3.2 million in COVID aid is sentenced to 2 years in prison

 By Peter Romeo on Apr. 18, 2024

Donald Finley, owner-operator of the now-closed Jekyll & Hyde eatertainment concept in New York City, has already repaid the funds he received from the Paycheck Protection Program and another government program.

Financing

The owner of Fatburger is making a big move into cobranding

 By Jonathan Maze on Apr. 18, 2024

Fat Brands just announced a 40-year deal that will place its flagship burger brand into 40 Round Table Pizza locations. Here’s why the company is so big on the idea.

Financing

Red Lobster is struggling to pay its bills, vendors say

By Joe Guszkowski on Apr. 18, 2024

Credit data confirms the seafood chain has a large number of overdue balances as it reportedly considers a bankruptcy filing.

Financing

Guernsey Holdings buys 20 Zaxby's restaurants

By Jonathan Maze on Apr. 17, 2024

The operator of franchised brands like Sonic Drive-In and Little Caesars is working with the franchisee’s management to acquire the locations in South Carolina.

Financing

A look at the future of virtual restaurant brands

By Jonathan Maze on Apr. 17, 2024

A Deeper Dive: Robbie Earl, co-founder of MrBeast Burger operator Virtual Dining Concepts, joins the podcast to discuss the digital-only brands.

Financing

In Red Lobster, a symbol of the challenges with casual dining

By Jonathan Maze on Apr. 17, 2024

The Bottom Line: Consumers have shifted dining toward convenience or occasions, and that has created havoc for full-service restaurant chains. How can these companies get customers back?

Financing

California restaurant operators raise prices, look for solutions and try to remain optimistic

By Jonathan Maze on Apr. 17, 2024

Restaurant companies have raised prices to offset the $20 wage. But how much depends on the concept. And brands like McDonald’s are also working to get customers excited about coming in.

Financing

TGI Fridays to be acquired by U.K. franchisee Hostmore for $220M

By Joe Guszkowski on Apr. 16, 2024

The merger will create a 600-unit global company and take Fridays public on the London Stock Exchange.

Financing

Higher prices and more locations drove chain restaurant sales last year

By Jonathan Maze on Apr. 16, 2024

Technomic Top 500: Chain restaurants continued to record strong growth last year, but mostly without higher traffic. And there were wide variations in performance throughout the ranking.

Financing

Report: Red Lobster is preparing for bankruptcy filing

By Heather Lalley on Apr. 16, 2024

The struggling seafood chain is hoping Chapter 11 protection will help it restructure its debt while keeping its restaurants operating, according to Bloomberg.

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