Food Jungle’s Post

Where’s the best food hall in the UK? There are over 100 to choose from, with - according to industry expert Simon Anderson - more than 30 in development. Currently, it’s Cutlery Works in Sheffield, who have won Best Food Hall at the British Street Food Awards for the past two years. And this year the Award will be more hotly contested than ever. Applications are about to open at https://lnkd.in/e-ZKbGx8. But with a series of closures (including Sale and Stratford) - and Sessions pulling out of a planned project in Manchester - has the Food Hall bubble burst? That’s what BBC Radio 4 asked us. After all, we launched game-changing Trinity Kitchen back in 2013, drawing on the best of the new food heroes. And have now expanded our search for the best street food talent into Europe and the US. Click below. Food halls seem pretty recession proof. They are staff light and offer a low(ish) barrier to entry into the industry. Market Halls, Seven Dials and Boxpark seem to be making real money. The reasons around failures in Sale and Stratford are peculiar to each site, and don’t offer up any clear evidence of a deep-seated malaise in the food hall business. Although they do seem to suggest that the Manchester market is saturated. However, the feeling from the street food world is that - while food halls can offer great opportunities - all too often they don’t serve the trader’s best interests. Two previous British Street Food Awards grand champions - Ranie Sirah from Jah Jyot and Helios Gala from Pabellon - reckoned that the management in food halls all too often feels like a ‘landlord’ rather than a ‘partner’. Ranie and Helios felt the fate of their business was taken out of their hands. “The dwell time was 40-50% longer in a food hall” says Ranie, “meaning that people were taking up space, nursing a half for three hours. That’s a table that could be taken up with a paying customer.” Helios agreed. “Most food halls are overloaded with traders, and they expect you to open ridiculously long hours….That isn’t aligned with the realistic numbers that we, as food vendors, need to cover expenses and make a profit.” #foodhall #streetfood #awards #awardshow Sessions Trinity Kitchen Markethall BOXPARK KERB Food Market Place UK Market Halls Mercato Metropolitano Sessions Kommune Eataly

Check out this eye-opening article from Kent Online about the troubling increase in dine and dash incidents. It's a stark reminder that greed and opportunism can have a real impact on businesses and their hardworking staff. Let's work together to raise awareness and support our local restaurants. #dineanddash #restaurantindustry #supportlocalbusinesses https://ift.tt/6F02khm

The accommodation and food-services sector is the second-hardest-hit industry after construction in Australia, according to government data. The liquidations are being driven largely by small to medium operators with lower cash reserves. The pressures are not restricted to Australia, nor exclusive to high-end restaurants. The US fast-casual chain Red Lobster filed for Chapter 11 bankruptcy in May, citing a failed unlimited shrimp deal, along with inflationary pressures and higher labor costs, among the reasons.  But some restaurateurs are taking advantage of the current climate by picking up distressed properties at a discount. The operator hopes he can ride the current downturn for an additional 12 to 18 months, working long hours and trying to keep costs down to remain profitable. “In the worst-case scenario, we will just have to start trimming the fat,” Stavrou says. #foodservice #foodandbeverage #businessstrategy

What can we do to support our local community cafes and restaurants? Support the Dine Out campaigns running this month and next in many communities around our province of British Columbia. These businesses play a key role in supporting agriculture, transportation and especially, tourism in BC. Also key is our support for owners, workers and their families. Please, read this quick release to learn what else can be done. #foodandbeverage #tourismmatters #supportlocalbusinesses

What's going on in #FortCollins? "By the Coloradoan's count, Fort Collins lost 25 food and drink establishments in 2023 — up from 14 in 2022, 12 in 2021, 15 in 2020 and 22 in 2019. At the same time, Fort Collins has consistently added more food and drink establishments to its ranks than it has lost in the past five years." (Coloradoan) NAI Affinity President, Jake Hallauer, CCIM, shared his market expertise with the Coloradoan for this article. In summary: "Hallauer estimated that triple net expenses — which encompass property taxes, building insurance and maintenance — have increased up to threefold for some Fort Collins tenants. While some restaurant owners were able to renegotiate their leases for below-market rent at the beginning of COVID-19, many are now facing higher rent after more recent lease renewals, Hallauer also acknowledged. "Unfortunately, in the coming years, you’re going to see more restaurant failures than you’ve seen in the past few," Hallauer said, noting that the local food scene will likely continue to see a lot of turnover as restaurants close and new ones move in to backfill their space." (Coloradoan) Learn more about the regional impacts 👉️ #20yearsofNAIAffinity #NAIAffinity #NorthernColorado #CRE #commercialrealestate #landuse #uli #newsalert #Coloradoan

Discover our newest listings, recent happenings in the NoCo #CRE community & other industry news.⁠ This edition brings news of #restaurant turnover, hot #housing, Buc-ee's grand opening, and more. ⁠ Check it out 👉 https://bit.ly/49Ldeb6 ⁠ #20yearsofNAIAffinity #newsletter #NorthernColorado #NAIAffinity⁠ #commercialrealestate #realestate #Bucees

Suresh Manickam, CEO of the industry organization Restaurant and Catering Australia, points to the mounting everyday costs of running an eatery, including those associated with energy and interest rates. On top that, consumers have become more cautious about spending money. The accommodation and food-services sector is the second-hardest-hit industry after construction in Australia, according to government data. The liquidations are being driven largely by small to medium operators with lower cash reserves. The pressures are not restricted to Australia, nor exclusive to high-end restaurants. The US fast-casual chain Red Lobster filed for Chapter 11 bankruptcy in May, citing a failed unlimited shrimp deal, along with inflationary pressures and higher labor costs, among the reasons. But some restaurateurs are taking advantage of the current climate by picking up distressed properties at a discount. The operator hopes he can ride the current downturn for an additional 12 to 18 months, working long hours and trying to keep costs down to remain profitable. “In the worst-case scenario, we will just have to start trimming the fat,” Stavrou says. #cateringindustry #foodservice #businessstrategy #productdevelopment #investmentstrategy

🌎In a recent interview with 7 News, Wes Lambert CPA, FGIA, CAE, MAICD, deputy Chair of the Australian Foodservice Advocacy Body, discussed the ongoing challenges facing the hospitality industry. With a lingering COVID-19 impact, businesses are struggling under the weight of rising costs of goods and rents. Despite an increase in restaurant award rates, this isn't providing relief to the industry. Lambert highlighted the escalating costs faced by restaurants, leading to closures and the grim prospect of more shutdowns in 2024 due to these mounting expenses. #AFAB #foodservice #hospitality #melbourne #australiannews #7NEWS

Same amount of people are eating out percentage wise pre covid and today but venues are still struggling? I think there is more to it than inflation, but everyone across the industry is quick to blame it. Not building a great reputation for venue will kill it quicker than inflation will. Now is the time to focus inward on investing in people, creating efficient teams, building a stronger brand presence and keeping your marketing alive to ensure that you are taking a slice of that 36% of people who are still eating out.

A big THANK YOU to SFG, our aggregator, for a wonderful night at TAMA Dining restaurant, celebrating QLD High Achievers. So happy to be a part of a great aggregator group and an awesome bunch of brokers. #mediprocapital #personalloans #financefordoctors #medicalfinance #businessloans #commercialloans #financebroker #homeloans #homeloanspecialist #investmentloans #mortgagebroker #mortgageloans #assetloans