Many restaurateurs have benefited recently from a slight improvement in operating conditions, and there is significant optimism for the future for the sector following a challenging economic year. Highlights from Q2 category-specific sales data include: QSR concepts narrowly produced a positive gain of +0.1% in Q2 2024 to give the segment its 16th straight positive quarter with coffee/snack concepts leading the way at +2.2%. - Fast Casual posted strong results as the segment continued to show improvement landing at +6.0%. - Family Dining declined slightly at -1.3%. - Casual Dining fell just 0.4%. - Fine Dining posted its fourth consecutive negative quarter at -4.8%, tracking declines from all concepts. Dive into more category-specific metrics and the state of the sector in our latest insights here: http://spr.ly/6042sPepr #RestaurantIndustry #Franchise #Insights
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📈 Tap Into a Vast Market Opportunity! Did you know that at any given moment, 20% of restaurants are up for sale? This constant flux presents a golden opportunity for savvy entrepreneurs like you. With We Sell Restaurants, you can dive into the bustling world of restaurant brokerage and help shape the dining landscape. Join us and transform these opportunities into your success stories! 🌟 #WeSellRestaurants #FranchiseOpportunity #FranchiseSuccess #RestaurantIndustry
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Did you know that in the last year, QSRs (quick-service restaurants) have seen significant growth in unit openings and transfers? This is likely due to consumers' robust demand for convenient dining options. 🍔 New unit openings grew 25.6%, and closed deals rose 33% in the past year. Is your QSR brand ready to capitalize on these trends? Explore our guide for insights on how QSRs (and other industries) can use this data to sustain growth and competitiveness. 🔗 Download our brand new Ultimate Guide to the Franchise Sales Index Report now: https://lnkd.in/deAQUD_J #FranchiseGrowth #MarketTrends #BusinessOpportunities
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In this testimonial, hear firsthand how Jeff Marcus and his team at We Sell Restaurants made selling a business a seamless experience! From start to finish, the process was organized, efficient, and dedicated to achieving top dollar. Despite managing multiple clients and sales, Jeff ensured personalized attention and a smooth transaction. Whether you’re considering selling your restaurant or exploring business opportunities, this story is proof of what’s possible when working with the right team. ✅ Ready to sell your restaurant? Contact We Sell Restaurants today for expert guidance and results! 🔔 Subscribe for more success stories, tips on buying and selling restaurants, and insights into the restaurant brokerage industry. #WeSellRestaurants #RestaurantBroker #SuccessStory #BusinessBroker #RestaurantSales #TopDollarSale #Testimonial
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There is a lot of buzz around franchising. And it certainly works for many chains, but it’s not the only way to grow and attain good margins. Some large restaurant chains with a moderate part of their systems franchised have also been able to engineer better-than-average profitability. Some examples of publicly traded restaurants doing this in the U.S. are Dave & Buster’s, Chipotle, and Darden. The three are in different categories: eatertainment, fast-casual, and casual dining. As Einstein said, a problem can’t be solved with the same line of thinking that created it. And while its hard for restaurant chains to maintain margins, many do very well. For those looking to improve their company’s bottom line, rather than just keep track of it, the most powerful lever at their disposal is to act as their own activist. We recommend a holistic approach be applied to looking at the organization, working across functional areas and down individual line items of the restaurant P&L while reviewing factors impacting performance both inside and outside the business — also, some outside help never hurt. #restaurants #finance #EBITDA
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Did you know? As a franchisee of a restaurant or retail location, there are obligations outlined in your agreements about what the premise should look like, as well as expectations that it should be well maintained. There may even be requirements to renovate your location at a certain frequency (ex. every 5 or 10 years). #franchiseopportunity #restaurantrenovation #renovation #storerenovation #remodel #storeremodel
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Are you looking to stand out in the competitive restaurant industry? Read this article by Jacob Mancini from CWB Franchise Finance for strategies to succeed in a crowded market.
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Are you looking to stand out in the competitive restaurant industry? Read this article by Jacob Mancini from CWB Franchise Finance for strategies to succeed in a crowded market.
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A 30-year-old, market-leading restaurant group was facing difficulties with its newly opened sister restaurant. The restaurant had opened well, but it was experiencing a nosedive in sales. The head of the company, a lifelong successful restaurateur, was stuck, scared, and unsure what to do. Using the Restaurant Reinvigorator process, I guided them through a re-focus on what the guest was asking for. The restaurant made a complete turnaround. It has experienced annual same-store growth every year since. This unit that was once on track to fail has become an expansion vehicle. Additionally, even though ownership was satisfied with the performance of their flagship unit, I showed them how much that location could be improved, too. Using the Power, Revenue Builder, and Creating Consistency processes I introduced updated management techniques at both units. The results? Record sales, profits, and a smooth transition to a new breed of management. The organization now has two more units in development and is envisioning more. Unlock record sales and profits for your restaurant. Let's talk!: https://lnkd.in/g8-EqZNx #restaurateur #restaurant #success #businessadvice
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Ready to take your restaurant to the next level? Boston Pizza’s Restaurant Conversion Program is here to help local restaurant owners turn their passion into partnership with Canada’s largest casual dining brand. Here’s why it’s worth exploring: ✔️ 60 Years of Trust: Join a mature, established brand that brings instant familiarity to your community. ✔️ Proven Local Marketing: Get direct guidance to advertise effectively in your area. ✔️ Industry-Leading Costs: Benefit from pre-selected suppliers with the buying power to keep food costs competitive. ✔️ Menu Innovation & Pricing: Enjoy ongoing research and support from a well-resourced head office. ✔️ Hassle-Free Promotions: We handle the restaurant promotions, so you can focus on your guests. ✔️ Comprehensive Training: Access training for you and your team, plus ongoing support from experienced professionals. Becoming a Boston Pizza franchisee is easier than you think. Let us help you focus on what matters most – creating an exceptional guest experience! Ready to learn more? Let’s connect bostonpizzafranchise.com Cailin White Alex Schiavone Eric Rochefort Kimberly Chohan, CFE #franchiseshow #franchisedevelopment #franchisegrowth #letschat
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Are you looking to stand out in the competitive restaurant industry? Read this article by Jacob Mancini from CWB Franchise Finance for strategies to succeed in a crowded market.
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