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Financing

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

Financing

The pandemic has cost restaurants 5.9 million jobs

 By Jonathan Maze on May 08, 2020

The industry lost three decades’ worth of employees in just six weeks as states closed dining rooms and restaurants closed their doors and laid-off workers.

Financing

Papa John’s removes the guardrails and takes off

 By Jonathan Maze on May 08, 2020

The chain took some big risks with delivery and its menu, and as consumers stayed home, its sales flourished.

Financing

Why the downfall of Garden Fresh Restaurants is so maddening

By Jonathan Maze on May 08, 2020

The owner of Souplantation and Sweet Tomatoes was investing in units and planning an expansion. And then the coronavirus hit, says RB’s The Bottom Line.

Financing

Ruth's Chris looks for new financing after giving back PPP loans

By Peter Romeo on May 08, 2020

The chain's parent company is currently discussing alternative options with identified parties.

Financing

Fast-food chains take a cautious approach to reopening

By Jonathan Maze on May 07, 2020

With plenty of business through their drive-thrus, chains such as Chick-fil-A, Del Taco and Wendy’s are in no hurry to reopen dining rooms.

Financing

Feds start crackdown on PPP fraud

By Peter Romeo on May 07, 2020

A restaurateur has already been arrested. The Justice Department has vowed to pursue more abusers of the system.

Financing

Mexican restaurants did record business on Cinco de Mayo

By Jonathan Maze on May 07, 2020

Consumers flocked to local and chain restaurants to get tacos as the holiday landed on a Taco Tuesday, overwhelming some operators.

Financing

Big Burger King franchisee Carrols sees some dramatic improvement

By Jonathan Maze on May 07, 2020

Store closures, cost cuts and rising sales are putting the operator on a path toward positive cash flow.

Financing

The owner of Souplantation and Sweet Tomatoes plans to declare bankruptcy

By Jonathan Maze on May 07, 2020

Garden Fresh Restaurants has hired bankruptcy counsel and says it sees “no way to operate” given FDA recommendations that buffets not open.

Financing

Outback units reopen to 83% of pre-pandemic levels

By Peter Romeo on May 06, 2020

The shift by off-premise customers to dine-in service was minimal, according to the chain’s parent.

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