Restaurant Business Daily

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Financing

How the coronavirus shock is hurting restaurants

On this week’s episode of "A Deeper Dive," RB editors discuss how the virus and steps to prevent its spread are impacting the industry.

Financing

Subway works to keep its franchisees afloat

With sales falling amid the coronavirus shock, the sandwich giant is reducing royalties and suspending ad funds.

The coronavirus shock is putting considerable pressure on franchisees large and small, and franchisors are already taking steps to ease the problem.

Chuck E. Cheese and Dave & Buster’s face weeks without game-playing customers, which could be devastating.

Denny’s, KFC and Chipotle are among the chains offering delivery deals as they work to offset dine-in sales declines.

The aid for employees sickened with COVID-19 will be required of all businesses with fewer than 500 employees. Enterprises with 50 or fewer workers on the payroll can ask for a waiver.

Operators need to cut costs, focus on takeout and delivery and think outside the box as they face a long period with little sales.

Growing restrictions and fear are keeping people at home as more than two-thirds of operators tell Black Box their traffic is down.

As the chain closes dining areas amid the spread of coronavirus, it is working to ensure its operators have the cash to get through a sales slump.

Valuations for many chains suggest potentially serious problems, and that could bode ill for the entire industry, says RB’s The Bottom Line.

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