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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 tragedy of Dominik Mendoza

 By Jonathan Maze on Jun. 27, 2023

In 2022, the Quiznos franchisee opened a new prototype for the chain and signed an extensive development agreement. Less than one year later, he took his own life. For his widow, the problems were just beginning.

Financing

Why Gen Restaurant Group may be the next Kura Sushi

 By Jonathan Maze on Jun. 23, 2023

The Bottom Line: The operator of Gen Korean BBQ will follow the successful Cava IPO with a small offering expected to raise $33 million. But investors have a surprising appetite for such concepts, which they demonstrated with Kura.

Financing

Food-and-bowling concept Pinstripes to go public in SPAC deal

By Jonathan Maze on Jun. 23, 2023

The combination with Banyan Acquisition Corp. is expected to be complete by the end of this year and would value the eatertainment concept at $520 million.

Financing

Olive Garden's parent is preparing for a slowing economy

By Joe Guszkowski on Jun. 22, 2023

Stagnant spending will keep a lid on growth at Darden Restaurants over the next 12 months, but it still expects to outpace the industry.

Financing

Firehouse Subs takes its sandwiches to Europe

By Jonathan Maze on Jun. 22, 2023

The sub chain opened its first location outside of North America, in Zurich. And it has a development deal in Mexico, making the chain’s first major forays into international markets under Restaurant Brands International.

Financing

Louisiana offers a tax break to restaurants that don't trash their oyster shells

By Peter Romeo on Jun. 22, 2023

For every 50 pounds of shells they provide, the state awards a credit of $1. The shells are used to protect oyster beds.

Financing

How innovation and nostalgia are working for Pizza Hut

By Jonathan Maze on Jun. 21, 2023

A Deeper Dive: David Graves, president of Pizza Hut U.S., joins the restaurant finance podcast to talk about the chain’s comeback efforts, including its Melts sandwiches and customers' nostalgia for the brand.

Financing

A labor-saving effort by Clean Juice puts its franchisees in a bind

By Jonathan Maze on Jun. 21, 2023

The fast-growing juice chain sold franchises on its idea of house-made, cold-pressed juice. But last year the company shifted to a pre-bottled option. Franchisees say it revealed long-held problems with the brand.

Financing

MGG Investment Group invests in Shari's Restaurants

By Jonathan Maze on Jun. 21, 2023

The investment firm invested in the chain’s 42 Oregon locations, where the restaurants operate video lottery games.

Financing

Investor accuses Boston restaurateur Tiffani Faison of financial mismanagement

By Lisa Jennings on Jun. 21, 2023

In a lawsuit filed last week, an investor in the restaurants Sweet Cheeks Q and Orfano alleges Faison misused federal Covid-relief funding. Faison denies the claim and calls the lawsuit "bully tactics."

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