Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 35
Financing

These are the 10 restaurant chains that added the most locations last year

Starbucks, Crumbl Cookies and Jersey Mike’s were among the most prolific expanders in 2022, when growth was on the menu at a lot of brands.

Food

Popeyes says its latest menu item is a huge hit

The chain said that its Sweet ‘n Spicy Wings have become its best new product introduction since the chain’s chicken sandwich.

Traffic has surged this year following the introduction of the coffee giant's fall lineup last month, according to the data firm Placer.ai. And one of the biggest reasons is the day of the week the lineup was launched.

The Bottom Line: Franchisee valuations are “plummeting,” according to the head of the chain’s independent franchisee association. The company has not been able to get many new franchisees into the system. But the market is just different now.

The Bottom Line: Ike’s Love & Sandwiches has grown to 100 locations. And a surprisingly big part of its growth strategy involves closed Subway restaurants.

The 60-unit chain’s former CFO will take the helm as it plots its growth outside the U.S. for the first time.

The fast casual’s franchisees say they’re struggling with its price restrictions, coupled with high costs. And one operator says the barbecue chain put her store on the market without her knowledge.

A Deeper Dive: Michael Goldberg, CEO of Ike’s Love and Sandwiches, joins the podcast to talk about his chain’s growth strategy, including its use of second-generation restaurants, including closed Subways.

Papa Murphy’s, Baskin-Robbins and Burger King are among the chains that closed the most net restaurants last year. But one big chain stands out.

The Bottom Line: Consumers could easily shift into value mode as they start repaying student loans and run out of pandemic cash. But that doesn’t mean you should start slashing prices.

The burger chain is planning a “strategic refranchising program,” refranchising restaurants in certain markets to operators that then build more locations.

The former Kitchen United chief executive will become the first CEO in in the Pasadena, Calif.-based chain’s history.

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