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Financing

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

Financing

Red Robin warns of a struggle to stay in business

The casual chain's revised credit facility requires $25 million to be raised from equity, and management has aired doubts about doing it in time.

Financing

Bargain hunters take a risk on some restaurants

Several concepts have found buyers, albeit at low prices, as investors take bets on an industry comeback, says RB’s The Bottom Line.

The casual dining chain, which has been shrinking for years, has closed at least 150 locations, more than a third of the system, and many will not reopen.

While the offer worked when it was first proposed, a decade’s worth of food and labor costs make it difficult, if not impossible, to make a profit, says RB’s The Bottom Line.

Le Pain Quotidien and Vapiano were both struggling here before the pandemic, proving again the difficulty foreign chains have in establishing a beachhead, says RB’s The Bottom Line.

But sister brands Tim Hortons and Burger King are both down, even as the chains’ sales improve.

The operator of Planet Hollywood and Buca di Beppo is paying just $50,000 in cash for FoodFirst Global Restaurants.

Same-store sales rose 33.5% in May, even as states started reopening restaurants for dine-in service.

The company is offering vendor rebates to get operators on board, but the franchisee association is recommending its members opt out of the campaign.

The fast-casual chain hopes a sale to multi-concept operator Aurify Brands can save some of its restaurants.

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