economy

Financing

Your franchisees need a loan? Give their bank an earful

Restaurant franchisees wouldn’t have to scrounge for capital if their franchisors provided lenders with info about the brand’s performance, plans and work-out scenarios, concluded a high-level powwow on the credit crunch.

Consumer Trends

Happy Hours Seeing Lots of Action

It appears that happy hour has succeeded in making not only bar patrons happy, but bar owners as well. According to a recent study of national consumer spending habits, during this difficult economic time people just want to go “where everybody knows their name.” Bars and clubs are on the rebound, making the fastest comeback over the last year.

America has become a snacking culture. People now eat before, between and after meals. What’s more, snacking is and will continue to grow as a global exploration of taste, as today’s younger consumers are more interested in globalized flavors.

Operators say more corporate customers are booking year-end events—and spending more when they do.

The 0.1 percent slip in purchasing was the first decline in more than a year, but forecasters haven’t tempered predictions of a sharp upswing in economic activity. More alarm seemed to be raised by the spike in prices, the highest rise in the national inflation gauge since November 2012.

Expenditures in the U.S. dropped in September as incomes rose at the slowest pace of the year, indicating the economy will have difficulty sustaining a pickup in growth into the end of the year.

It has been said that younger workers don't like to learn. Maybe it's time to update the training methods to appeal to a new generation. Change can be good...

Food safety and food security are top of mind for everyone in the foodservice industry. Food-borne diseases are not uncommon and are especially dangerous to...

Ultra upscale dining can hit customers with a severe case of sticker shock. But that isn't keeping big spenders away.

The following table cites four recent deals that I am familiar with:Type of Seller; Type of Acquirer; EBITDA Multiple (A)Meat & seafood distributor;...

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