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Financing

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

Financing

Proposed TGI Fridays sale is no home run, but has promise for both sides

 By Joe Guszkowski on Apr. 19, 2024

The $220 million all-stock deal would get Fridays’ owner TriArtisan out of its decade-long investment and give the struggling chain a like-minded partner in franchisee Hostmore, experts say.

Financing

In the fast-casual sector, Chipotle laps Panera Bread

 By Jonathan Maze on Apr. 19, 2024

The Bottom Line: The two fast-casual restaurant pioneers have diverged over the past five years, as the burrito chain has thrived while Panera hit a wall. Here's why.

Financing

Tijuana Flats declares bankruptcy and closes restaurants

By Jonathan Maze on Apr. 19, 2024

The Maitland, Florida-based Tex-Mex chain filed for Chapter 11 bankruptcy protection after closing 40 restaurants this year. It has an agreement to sell the company.

Financing

Midwestern favorite Oberweis Dairy declares bankruptcy and cuts staff

By Peter Romeo on Apr. 19, 2024

The ice cream chain intends to lay off staff in June and cut its costs in other ways, but to remain in operation following a Chapter 11 bankruptcy filing. It is struggling to find a buyer.

Financing

Podcast transcript: Virtual Dining Brands co-founder Robbie Earl

By Jonathan Maze on Apr. 19, 2024

A Deeper Dive: What is the future of digital-only concepts? Earl discusses their work to ensure quality and why focusing on restaurant delivery works.

Financing

The owner of Fatburger is making a big move into cobranding

By Jonathan Maze on Apr. 18, 2024

Fat Brands just announced a 40-year deal that will place its flagship burger brand into 40 Round Table Pizza locations. Here’s why the company is so big on the idea.

Financing

Restaurateur who stole $3.2 million in COVID aid is sentenced to 2 years in prison

By Peter Romeo on Apr. 18, 2024

Donald Finley, owner-operator of the now-closed Jekyll & Hyde eatertainment concept in New York City, has already repaid the funds he received from the Paycheck Protection Program and another government program.

Financing

Red Lobster is struggling to pay its bills, vendors say

By Joe Guszkowski on Apr. 18, 2024

Credit data confirms the seafood chain has a large number of overdue balances as it reportedly considers a bankruptcy filing.

Financing

Guernsey Holdings buys 20 Zaxby's restaurants

By Jonathan Maze on Apr. 17, 2024

The operator of franchised brands like Sonic Drive-In and Little Caesars is working with the franchisee’s management to acquire the locations in South Carolina.

Financing

A look at the future of virtual restaurant brands

By Jonathan Maze on Apr. 17, 2024

A Deeper Dive: Robbie Earl, co-founder of MrBeast Burger operator Virtual Dining Concepts, joins the podcast to discuss the digital-only brands.

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