Financing

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

Financing

Creditors accuse Old Country Buffet’s former owners of misusing PPP funds

Fresh Acquisitions, whose assets were just sold to Famous Dave’s owner, is being accused of misappropriating $20 million before it filed for bankruptcy, including $4 million in Paycheck Protection Program funds.

Financing

Investment firm takes a minority stake in Toppers Pizza

The undisclosed investment by Great Plains Capital LLC will be used to speed up growth plans at the quick-service pizza chain.

The Minneapolis-based coffee chain is making a big bet on its drive-thru concept, one it designed with some assistance from its top operators.

Southwest Pizza had been an operator of the CEC Entertainment-owned brand for nearly 40 years.

The pizza chain has had the same $5.99/$7.99 offers for years. Higher labor and food prices have some analysts wondering if the company will change it, says RB’s The Bottom Line.

Despite store closures and 1 million fewer workers, sales have more than recovered from the pandemic. Higher prices and more takeout have made the business more efficient, says RB’s The Bottom Line.

More industry executives believe restaurants may never get all their workers back and should focus on improving overall productivity.

The Mexican chain said that labor challenges are costing it business but noted that sales have picked up in recent weeks.

Labor challenges and the end of stimulus payments left the company with its first same-store sales decline in 40 quarters and may portend to a slowing recovery, says RB’s The Bottom Line.

Acquiring Canada-based Natura Market will help the fast casual position itself as an “omnichannel” company, it said.

  • Page 173