Mr. Pickle’s Sandwich Shop, that was recently named among the Top 100 Movers & Shakers by Fast Casual, has opened the doors to its first-ever location in Los Angeles County. https://lnkd.in/e4Ut3KMY
Fast Casual’s Post
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You are only as strong as your B plan
Hello, if you haven't heard the news, our Design District pizzeria suffered a fire in the early morning hours. Luckily no one was hurt, our doors were closed and no one was inside the restaurant at the time. The damage is bad and are unsure when or even if it will be possible to reopen. In the spirit of our scrappy brand, we are going back to our pop up roots! Our first priority is to keep our staff employed, and community served. Starting Friday around 5pm Square Pie City @ Freehold Studios in Wynwood launches. Please be patient as the team figures out a new space. It was a pizzeria so it has great bones. For this weekend expect Detroit Style Pizzas and slices only. Hoping to get back to a full menu ASAP. Still working on getting online ordering and delivery up. Thank you for your support, teamPie 2235 NW 2 AVENUE WYNWOOD 33127
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🇺🇸 M&A + IPO ✓ Coach & Advisor ✓ Entrepreneur ✓ Expert Generalist ✓ Negotiator ✓ Builder ✓ Investor ✓ 30,000 Connections ✓ 917.382.0990 🇺🇸
Old School Burger Joint: Hamburger Hamlet was the bomb- old school Rat Pack / Celeb feel, aspiring entertainers on work staff making it more fun, great place for the fam, or a date. Sunset and Westwood were my go to's. New School Burger Joint: Shake Shack, the fastest growing fast casual burger joint, decent burger, ok modern vibe, no wait staff, and now in some locations no counter staff, only kiosks. So no human interaction. So you go there to eat. That's it. Now, from a profitability standpoint, Hamburger Hamlet is long gone, while $SHAK is publicly traded on the NYSE trading over $100 per share. Times change, there is no going back to the past, we can only move forward. We know the restaurant industry is moving toward automation and all the reasons why. And we see it in every industry. But before we get rid of everything, and evolve into a non contact species, there are those of us who still want to live and enjoy life, interact and more. Which is why, at least in these next years, it is my opinion that businesses that can integrate optimal technology with true, real human interaction, will thrive. At the least, it's how I want to live my life. Stony Hill Advisors, Inc. is about face to face, boots on the ground, human interaction. And yes we are using, developing, partnering with, and looking to acquire any tech we can to help us be better for both our own use and our clients.
The lost California burger chain that changed everything
sfgate.com
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Local businesses are small businesses with a large impact. Whether it's your favorite dealership, cafe, or family-owned restaurant, we invite you to show your support by sharing your favorite small business in the comments! #NationalSmallBusinessDay #SmallBusinessDay
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Investor I Mentor I Family Offices & Institutional Investors I Helping BBB’s/health and longevity enthusiasts catalyze generational wealth I Self-Guided Fund Manager I 🇸🇬🇻🇳🇮🇩 I ASEAN Family Offices Foundation Fndr.
The recent closures of two Red Lobster locations in Kansas City highlight a profound challenge facing the American middle class. These closures, part of a trend affecting 87 Red Lobster locations across 27 states, reveal deeper financial issues. Red Lobster, known for its beloved coconut shrimp and cheddar biscuits, has always been a go-to for middle-class families. Their recent financial struggles, including an $11 million loss due to all-you-can-eat shrimp promotions, underscore the pressures on businesses serving this segment. The middle class's decline is tied to the affordable housing crisis, making it harder for families to cover basic needs and leaving less money for dining out. When a staple like Red Lobster can't survive in America's heartland, it underscores the severity of these financial issues. My marketing mentor, Dan Kennedy, saw this coming. In "No B.S. Marketing to the Affluent," he wrote: “In September, 2014, the TGIF restaurant chain announced it was getting out of the restaurant business! The mid-level, casual dining restaurant business chain linked to middle-class consumers has become a terrible business... This mirrors the severe, widely reported troubles at Darden Restaurants, sparking their bargain-priced sale, i.e., dumping of Red Lobster.” Kennedy’s insights emphasize the challenges of targeting middle-class consumers. This understanding guided our pivot towards family offices in Southeast Asia, where new wealth and a growing middle class offer big opportunities. After spending time in Southeast Asia, I’ve returned to the U.S. to seize unprecedented real estate opportunities. Ken McElroy, a legend in the multifamily industry, recently highlighted this potential: “Over 35 years of real estate investing, never have I seen such opportunity as we're about to see over the next couple of years. The real estate market is short about six million housing units, creating significant pressure on pricing and rent. This temporary disruption will lead to massive price and rent increases, presenting a unique opportunity for real estate investment.” Leveraging insights from experts like Kennedy and McElroy, we're positioning ourselves for success in both dynamic, growing markets abroad and the unique opportunities in the U.S. real estate market.
Two Kansas City area Red Lobster restaurants close as company shuts 87 nationwide
finance.yahoo.com
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You’ve finally done it—after spending more hours than you can remember in the hot, close quarters of your food truck, you’ve realized your vision and made your business a success!🥳🚚 So—what’s your next move? As you consider ways to expand your business, opening a brick-and-mortar restaurant could be your next endeavor! Learn more about what things you might consider before and the steps you can take to make this next move in our blog below! https://ow.ly/S7tY50Sw4H5
How to Transition Your Food Truck to a Restaurant
https://www.escoffier.edu
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Rubio's Mexican Grill just closed 48 California locations, which was ~35% of all their locations at that time. The company stated, "The closings were brought about by the rising cost of doing business in California." The rising cost of business is likely a combination of the following... 1). The increasing of the minimum wage from $16 to $20 per hour. 2). Consumers cutting back on spending due to high inflation. 3). Loss of foot traffic from Hybrid Work and California's decreasing population in certain areas. These rising costs are not unique to Rubio's Restaurant nor any other type of retail business. If more retailers vacate their space than those properties are at risk of losing tremendous value as it will be difficult to re-lease to a tenant that is not impacted by California's high costs to do business.
Rubio’s Closes 48 California Restaurants, Citing Business Costs
costar.com
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Maybe you’re a regular at The Detroit Pizza Bar or perhaps you only recently learned about Marcus and Akunna’s restaurant from their feature in a New York Times article (https://lnkd.in/gjpW4kPY), but do you know the story of how the Detroit Pizza Bar came to be? Watch this video to learn how Marcus and Akunna established one of the first Black-owned pizzerias in #Detroit 🍕 and how Michigan Saves supported their vision of a #sustainable and energy efficient business.🌱⚡️ #smallbusiness #sustainablebusiness #greenbank #greenfinancing #epa #detroitbusiness #hospitality #blackowned #cityofdetroit
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Owner & CEO of The You Network | 30+ Years Experience in Matching Individuals with Great Business Opportunities | Football Coach & Economist
Ghost Kitchens: Are they the future of fast food? During the lockdown, I received almost as many franchise requests for them as I did for Chick-fil-A. However, not rushing in too quickly is sometimes the best strategy. What do you think? Are ghost kitchens a passing trend or here to stay? #GhostKitchens #FastFood #FranchiseOpportunities
Ghost kitchens are getting banished to the spirit realm
morningbrew.com
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Head of Real Estate at Greenwoods Legal LLP | Expert in property law for hospitality, leisure and retail ventures
KERB is opening a new street food market in Holborn... I'm pretty excited and immediately posted in the RE team WhatsApp that we have a new lunch spot next Wednesday. The Greenwoods Legal LLP London office is based in Holborn (although I'll always say Covent Garden if you ask...I can see it from the window!) and if you want anything other than the usual for lunch at the moment you'll struggle. So, whilst great news for those wanting more than an M&S sandwich at their desk, nothing wrong with them they have their place, I've decided to list a few pros and cons that come with street food markets. PROS 🍔 it's a great way to trial a concept before committing to bricks and mortar - property can be pricey 🤑 🍕As a place making strategy they are hard to beat...markets can create a buzz and draw footfall to an area. CONS 🍟 they can take customers away from traditional restaurants - if you've committed to bricks and mortar sites the last thing you want is a street food market taking your customers away! 🍝 they don't pay business rates so while local authorities may incur additional costs as a result of the market (think street cleaning etc) they don't get the rates revenue What's your view on street food markets - for or against? Let me know in the comments 👇 For those of you wondering I'll probably visit "It's All Gravy" #streetfood #hospitality #restaurants #landlordandtenant #assetmanagement
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Grocerants are all the rage in the #groceryindustry right now, but running a successful grocery store AND quick service restaurant can be a challenge without the right tools. To help you out, we’ve researched the best #pointofsale options to keep your #grocerant running smoothly ➡️ https://hubs.la/Q026TpdF0
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