Jason Miller’s Post

Exciting News in the Restaurant Industry It's been confirmed that the owners of D&D London are in advanced talks to acquire the UK operations of TGI Fridays. This potential takeover comes after the parent company of TGI Fridays collapsed into administration last week, leading to uncertainty over the future of its British franchise. Breal Capital and Calveton, who acquired D&D London just last year, are now poised to take on the challenge of revamping the iconic casual dining chain. I find this development particularly intriguing, given the reputation of D&D London for owning some of the capital's most notable restaurants, such as the German Gymnasium and Quaglino's. With their seasoned expertise in hospitality, it seems likely that they could effectively revive TGI Fridays' UK presence. Reports suggest that although some job losses are inevitable, around three-quarters of TGI Fridays' current UK workforce might be retained. This move underscores a broader trend in the hospitality industry where consolidation and strategic acquisitions are becoming commonplace. The challenging economic backdrop has driven companies to rethink their operations and focus on sustainable growth. It remains to be seen how Breal Capital and Calveton will navigate these turbulent waters, but their track record provides a glimmer of hope for TGI Fridays' UK revival. #RestaurantIndustry #TGIFridays #EconomicTrends

🚨 Breaking news 🚨 Foxtrot and Dom's Kitchen & Market are ceasing operations, effective today, just months after they merged to form Outfox Hospitality. Read more here 👇🏻 #retail #grocery #delivery #foxtrot

🏥 𝑩𝒖𝒓𝒈𝒆𝒓 𝑲𝒊𝒏𝒈 𝒔𝒆𝒕 𝒕𝒐 𝒊𝒏𝒗𝒆𝒔𝒕 𝒂𝒏𝒐𝒕𝒉𝒆𝒓 $300 𝑴 𝒐𝒏 𝒈𝒓𝒂𝒏𝒅 𝒐𝒖𝒕𝒍𝒆𝒕 𝒓𝒆𝒎𝒐𝒅𝒆𝒍𝒊𝒏𝒈 𝒑𝒓𝒐𝒋𝒆𝒄𝒕☀ In April 2024, As part of a larger turnaround attempt, Burger King plans to renovate roughly 1,100 of its U.S. stores with an additional 💸$300 million investment. Burger King's return plan was initiated a year and a half ago by its owner, Restaurant Brands International, with $250 million going toward 🍽restaurant renovations, equipment upgrades, and #technological upgrades. An extra $150 million was allocated for advertising and the company's #mobile app📱. To expedite the refurbishment process, the parent firm paid $1 billion💰 in January to acquire #CarrolsRestaurant Group, the largest Burger King🍔 #franchisee in the United States. The corporation projects that modernizing 600 Carrols outlets will cost an extra $500 million. Restaurant Brands plans to invest a total of about $2.2 billion, including this most recent investment, to resurrect the chain's U.S. business. By 2028, the firm hopes that 85–90% of its nearly 7,000 restaurants in the United States would have the same contemporary style. 𝑩𝒓𝒐𝒘𝒔𝒆 𝒂𝒕 𝒐𝒖𝒓 𝑳𝒊𝒏𝒌𝒆𝒅 𝑹𝒆𝒑𝒐𝒓𝒕 👉:https://bit.ly/4aYZsCW #BurgerKing  #RestaurantBrandsInternational #FastFood #Restaurant 

In a recent development in the restaurant industry, Buca di Beppo, the iconic dining destination known for its hearty portions and unique "Pope Room" décor, has filed for Chapter 11 bankruptcy protection. 🍝🕍 Facing rising operational costs, Buca di Beppo joins a list of restaurant chains, including Red Lobster and Rubio's Coastal Grill, that have sought bankruptcy protection in 2024. Despite this challenging phase, Buca di Beppo's president, Rich Saultz, reassures that daily operations will proceed as usual and the company is committed to a structured restructuring process. 🤝✨ With assets valued between $10M and $50M and liabilities ranging from $50M to $100M, the #Orlando-based chain currently operates 44 locations across 14 states and employs approximately 3,340 team members. In the wake of this filing, 12 restaurants will close, and the company will seek approval to terminate leases for these locations. However, Buca di Beppo remains optimistic, even planning to open a new restaurant as part of its future growth. 📉📈 In these turbulent times for the restaurant industry, platforms like Gigpro are crucial in providing on-demand labor solutions and flexible recruiting options. 🌟 Whether it's for filling gaps left by closures or scaling operations efficiently, Gigpro is at the forefront of addressing labor needs with its innovative approach to workforce management. 🤖👥 As Buca di Beppo navigates this transition, the support from its lenders and the dedication to maintaining its unique dining experience is a testament to its resilience. We look forward to seeing how this storied brand will continue to evolve and thrive in the coming years. 🍽️🚀 #BucaDiBeppo #Bankruptcy #RestaurantIndustry #Gigpro #OnDemandLabor #WorkforceSolutions #Resilience #BusinessTransformation

DOMINO’S PIZZA SECURES THEIR NEWEST LOCATION IN COMMERCE TOWNSHIP COMMERCE TOWNSHIP, MICH – Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented Domino's in the signing of the retailer’s new Commerce Township location at West 14 Mile Road and M-5 in AF Jonna’s City Crossing shopping center. Domino’s Pizza will take 1,333 SF of space here with an anticipated late 2024 opening. . . #CommercialRealEstate - #CRE - #RealEstateInvestment - #PropertyInvestment - #RealEstateBroker - #RetailSpace - #RealEstateDevelopment - #CommercialProperty - #RealEstateMarket - #InvestmentProperty - #RealEstateNews - #CREInvestment - #RealEstateDeals - #Leasing - #TenantRepresentation - #RealEstateOpportunities - #CREBroker - #CommercialLeasing

New week, new headlines 📰❗️— you know the drill! Check out Neal Sherman's latest roundup of headlines from the restaurant, grocery, and hospitality industries. #ShermsWeeklyInsider #hotelnews #restaurantnews #cstorenews #foodindustrynews 

Demand for restaurant and retail space is booming, with brokers scrambling to find new locations for a surge of new concepts. What's driving the change? - Post-pandemic rebound: Consumers are eager to dine out and shop in person again. - Limited supply: New construction has slowed, leaving a shortage of available space. - Shifting consumer habits: Smaller format stores with drive-thru or pick-up options are in high demand. To learn more: https://hubs.la/Q02JJXKW0 #CRE #CRENews #Retail #Restaurant #Brokers #Investors

Demand for restaurant and retail space is booming, with brokers scrambling to find new locations for a surge of new concepts. What's driving the change? - Post-pandemic rebound: Consumers are eager to dine out and shop in person again. - Limited supply: New construction has slowed, leaving a shortage of available space. - Shifting consumer habits: Smaller format stores with drive-thru or pick-up options are in high demand. To learn more: https://loom.ly/XrKpyJs #CRE #CRENews #Retail #Restaurant #Brokers #Investors

Hardee’s is an American quick-service restaurant operated by CKE Restaurants, Inc., which also operates Carl’s Jr. Hardee’s has over 1,800 locations in 30 states, primarily in the Southeastern and Midwestern regions of the United States. CKE is a subsidiary of the private equity firm Roark Capital Group. Investors can anticipate a 20-year NNN lease with zero landlord responsibilities, with rent escalations of 10% every 5 years. Hardee’s locations are typically sized at approximately 2,500-3,500 square feet on a plot of land ranging from 0.5-1.5 acres. Check out NNN Trends for continuously updated national cap rates, comparable sales, and consumer traffic on quick-service restaurants like Hardee's and dozens of other retail net lease tenants! https://bit.ly/3Oukfos #CRE #commercialrealestate #retail #retailrealestate #restaurant #fastfood #QSR

Demand for restaurant and retail space is booming, with brokers scrambling to find new locations for a surge of new concepts. What's driving the change? - Post-pandemic rebound: Consumers are eager to dine out and shop in person again. - Limited supply: New construction has slowed, leaving a shortage of available space. - Shifting consumer habits: Smaller format stores with drive-thru or pick-up options are in high demand. To learn more: https://lnkd.in/g8Jeh3bH #CRE #CRENews #Retail #Restaurant #Brokers #Investors