Nekter Juice Bar’s Post

As dining establishments grapple with the challenges of rising costs and economic fluctuations, the article raises crucial questions about the long-term implications of these pricing strategies. #franchisee #franchiseowner #franchising #franchiseenterprise #restaurant #prices #costs #business #businessowner #success https://lnkd.in/eFpq7TU5

The food franchise industry is at a pivotal point, influenced by several key trends: the rise of health-centric menus, technological advancements, the emergence of virtual kitchens, a preference for international cuisines, a focus on sustainability, the desire for customizable options, and diverse dining experiences. These trends pose both challenges and opportunities for growth and innovation. Entrepreneurs and franchisees who quickly adapt to these changes will likely have a competitive edge in the industry. #Franchising #QSR #FastCasual

As dining establishments grapple with the challenges of rising costs and economic fluctuations, the article raises crucial questions about the long-term implications of these pricing strategies. #franchisee #franchiseowner #franchising #franchiseenterprise #restaurant #prices #costs #business #businessowner #success https://lnkd.in/e_Gt5Yf9

Joanna Fantozzi at Nation's Restaurant News informs us that Florida-based breakfast and brunch chain beats $1 billion sales and also reported 5% same-store sales growth despite traffic declines for the fourth quarter ended Dec. 31st. "First Watch Restaurants Group continues to reach fiscal milestones for the growing breakfast and brunch chain. The Bradenton, Fla.-based company announced it had surpassed $1 billion in sales by the end of the fourth quarter ended Dec. 31, nearly doubling its sales total since 2019. First Watch also reported 5% same-store sales growth amid 1.3% in-store restaurant traffic declines related to an expected decline in off-premises sales. Traffic growth overall was up 7.5% for the year, despite the dip in traffic toward the end of the year. “Having grown to 524 restaurants, we recognize and embrace our leadership position in daytime dining,” CEO Chris Tomasso said during Tuesday’s fourth quarter earnings call. “We were an early pioneer and first mover in this now well-established segment. We'll continue to maximize our first-mover advantage, leverage our significant scale and lean on our 40-year operating history of focusing on superior execution and quality strategic growth to widen our competitive moat..." #entrepreneur #entrepreneurship #Restaurants #Franchise #Franchising #FranchiseChat Chainformation Franchise Pipeline Franchise Development Outsource RAAMP Ned Lyerly Joe Caruso Michael (Mike) Webster PhD Landrum Randolph https://lnkd.in/ghR_574s

Here are a bunch of interesting facts and figures about the restaurant industry. The one metric they missed calling out was the CLOSED restaurants or the NET gain restaurant openings. But the rest of the article is facinating. As Fred LeFranc said when he shared this, the restaurant industry has once again proven its resilience. What are your observations and insights as you read the article?! #restaurateur #restaurantbusiness #restaurantsuccess #fastcasual #qsr #multiunit #franchising #smallbusiness https://lnkd.in/gFvpJcNS

Tips to Transition Your Restaurant for Upcoming Holiday Season Operators can increase market share and drive profits by planning in advance. https://ow.ly/aiS750Q1Ekk #capitalconnect #news #updates #qsr #franchise #holiday #season #marketshare #profits

Tips to Transition Your Restaurant for Upcoming Holiday Season Operators can increase market share and drive profits by planning in advance. https://ow.ly/aiS750Q1Ekk #capitalconnect #news #updates #qsr #franchise #holiday #season #marketshare #profits

Tips to Transition Your Restaurant for Upcoming Holiday Season Operators can increase market share and drive profits by planning in advance. https://ow.ly/aiS750Q1Ekk #capitalconnect #news #updates #qsr #franchise #holiday #season #marketshare #profits

It is in test kitchens like these where #franchise system changes are born. Not every one of them is a success or a stroke of genius. Legally, they don’t need to be. The important (legal) takeaway is that franchisors at least attempting to innovate is a positive feature compared to those who don’t. Much of what follows is an exercise in communications to get franchisees on board, excited, accepting of any increased cost, understanding of the business and marketing rationale, and with plenty of notice and consultation. Sure, every franchise agreement states that franchisees are required to implement all system changes. But nobody wants to use that as their only lever. Effective communication will be the difference maker in franchisee uptake and adoption.

It seems like restaurants are offering new "value offers" every week, but many consumers are finding that their local franchisees aren't pricing the offers at the nationally advertised price. Read more about the impacts to the brand's reputation, and how franchisors can limit the damage to the brand's reputation in our latest blog post. https://lnkd.in/g9A36vxQ