Rainbow’s Post

It's exciting to see how the c-store space continues to evolve, especially where they invest resources when it comes to food service. We're seeing more and more c-store brands come through the Middleby Innovation Kitchen (if you haven't been yet, let me know, we'll get you a tour), or talking to us at events like NACS, National Restaurant Association & Restaurant Facility Management Association about their programs, and how those programs are evolving & expanding. Selling food, especially good food, makes sense and the data proves it: -- Casey's gross margin on prepped #foodandbeverage is around 60%, while margin on fuel is closer to 10% --They're the 5th largest pizza #restaurant in the US, and 75% of their in-store transactions don't involve fuel -- Circle K owner Couche-Tard, has set a target of increasing #food rev by a compound annual rate of 10% over the next 5 years Powerhouse Dynamics The Middleby Corporation #restaurants #retail Jeff McFarland Michelle Fronsee

From 1994 to 2014, my mother successfully managed the largest beer restaurant in our local county. In 2008, she crossed the $100,000 annual revenue mark, a milestone she had always wanted to reach. Her strategic decisions and business acumen during this time offer valuable lessons for business owners. Here, we delve into three key strategies that played a pivotal role in the remarkable growth of her establishment. 1. Social Goodwill Initiatives One of the cornerstones of our success was my mother's collaboration with the residential committee to enhance the community. By illuminating strategic locations with high traffic, we not only contributed to increased mobility and security but also significantly enhanced the business's goodwill perception. This engagement resulted in heightened word-of-mouth promotion, drawing more attention to the business and ultimately increasing patronage. 2. Strategic Expansion of Product Offerings Recognizing the evolving preferences of our clientele, my mother astutely expanded the restaurant's product offerings. After identifying a demand for items not previously available, such as alcoholic beverages and a variety of pepper soups, we conducted thorough market research to identify the most sought-after options. Subsequently, these items were strategically introduced to the menu in the following business year 3. Investment in Operational Resources To ensure the highest quality offerings, my mother made strategic investments in operational resources. This included the acquisition of a high-capacity generator to guarantee constant power supply, additional refrigerators to keep a more extensive range of beverages cold and readily available, and a focus on sourcing the freshest proteins. By combining these three strategies, my mother successfully transformed a local beer restaurant into a thriving establishment with a substantial increase in annual revenue. #businesssuccess #revenuegrowth #adaptabilityInbusiness

Industry News: What Shake Shack is betting on next Shake Shack is testing combo meals for the first time at some of its drive-thrus, as well as 8-ounce mini-shakes and sundaes at select restaurant locations, CEO Randy Garutti said during a conference call announcing the chain’s fourth quarter and annual earnings. Garutti said the limited-service industry has already established that customers like combo meals, such as sandwiches, fries, and a drink, at drive-thrus, and he wanted to try them at his chain while still maintaining the brand’s identity of offering a relatively upscale experience. read full article on https://lnkd.in/gwtez2Eu ————————————————— 💥Over 16 MILLION Square Feet Represented💥 ✅Visit newenglandretail.com for exciting new property listings! ————————————————— #realestate #newenglandretail #property #forsale #retail #realestateinvesting #business #broker #realestatenews #properties #investor #investmentproperty #connecticut #nerp #newengland #connecticutnews #newenglandrealestatenews

Chipotle executives need to address ongoing concerns about portion sizes and customer feedback on social media. It's crucial to actively engage with the dining experience and listen to customer feedback firsthand. #Chipotle #CustomerFeedback #PortionSizes

Got to give it to McDonald's. Re-engineering their concepts and originality is what makes this Corporate Franchise a success. They r not scared to try. A core stock to own. Just saying. Cheers! #sales #marketing #restaurant

Chick Fil A recently announced that their 2023 avg sales per restaurant was a STAGGERING $9.3M Why do you think Chick Fil A is killing the competition? Fast Food Avg Sales Per Restaurant (2022) Raising Canes: $5.4m Shake Shack: $3.8m Whataburger: $3.7m McDonalds: $3.6m Culvers: $3.3m Panera: $3.2m Chipotle: $2.8m Krispy Kreme: $2.8m To me, it’s very simple. 1) They have the best customer service across every business in every industry. Quite frankly, it’s not even close. 2) They keep their menu small, without trying new concepts/items all the time. They triple down on what works. 3) Their sauce is a household name and available for purchase outside of their restaurants. 4) They have the same real estate strategy as Top Golf. Extremely strategic, long term not short term, growing markets over saturated ones. Location, location, location! 5) Did I mention they have the best customer service of all time? When you go viral daily because of the way you treat your customers.. the money takes care of itself.

Years ago, I posted about testing a pizza served at Tim Horton's. A few people laughed at the thought of a coffee and doughnut chain serving pizza. Fast forward to the present and, after 2 years of testing, Tim's is finally planning to add flatbread pizza to its menu nationally. This is a great example of test and learn, not to mention patience and keeping focus on a longer-term objective of growing afternoon and dinner traffic. Does your organization have the fortitude to test a concept for 2 years? #testandlearn #pizza #timhortons #longtermthinking #strategy

$DRI @darden is a LONG position in both the $EATZ AdvisorShares Restaurant #ETF & $SURE AdvisorShares Insiders Advantage #ETF #investing #foodie #drink #food #stocks #restaurant #buybacks #dividends #earnings #stocksonthemove Learn more at EATZ.AdvisorShares.com or SURE.AdvisorShares.com

Darden Restaurants, owners of Longhorn Steakhouse and the Olive Garden, among others, is paying an amazing 20X profits for Chuy's. As a strategic buyer, Darden knows that they can plug the successful 100+ restaurant chain (vs Okive Gardens 90+ locations) into their formula and turn a profit within a handful of years. The playback? Taking more of your eating out dollar. Have you noticed how you find many of these family-friendly, mid-tier restaurants all together? That's because they know you will eat a variety of foods, but if they can keep you locked into a single location, that location will win more of your dollars. The next step up from there is to own more brands in the location. And that is Dardens play. https://lnkd.in/gJhNDwrb