Tock’s Post

Jonathan Maze from Restaurant Business Online dives into quick-service restaurant (QSR) performance trends for Q1 2024, with insights from RMS' QSR trends report: https://lnkd.in/eYWxH8f8 #restaurantindustry #fastfood #industrytrends

If pressed to name the top restaurant chains in America, your mind might zoom straight to fast food joints: McDonald's’s, Chick-fil-A Restaurants, Burger King. And while fast food does dominate the list of the country’s top 10 most profitable restaurants, just outside those rankings sit a couple full-service sit-down restaurants whose annual sales sit comfortably in the billions. One is Olive Garden, with 908 restaurants and earnings totaling $5.1 billion in 2023. The other, perhaps unexpectedly, is Texas Roadhouse, the 19th biggest restaurant chain in America with $4.8 billion in sales last year.  https://lnkd.in/gGxB4aST

Before opening a restaurant business, it is important to consider 6 key points. Read more in our blog post: to find out what they are. From deciding the right location and having the correct permits, to understanding food costs and creating a marketing plan, we outline the key things you need to know when opening a restaurant. @streetwisejnl

Dynamic pricing is a growing phenomenon, and while many expect it to grow in popularity in the coming years, some experts say the restaurant industry should tread carefully before implementing the practice. Restaurant Business Online dives into the topic below.

Before opening a restaurant business, it is important to consider 6 key points. Read more in our blog post: to find out what they are. From deciding the right location and having the correct permits, to understanding food costs and creating a marketing plan, we outline the key things you need to know when opening a restaurant. @streetwisejnl

Last week we released the latest edition of our quarterly Restaurant Industry Report, which uses data across Square’s food and beverage sellers to examine dining trends and shifts in both consumer spending and restaurant wages. Here’s a look at a few takeaways in the Report: 1️⃣ Breakfast skews towards delivery While delivery rates overall have seen a decrease following COVID highs, when comparing the share of delivery versus dine-in rates, consumers opted more for delivery when ordering breakfast compared to any other mealtime as of December 2023. 2️⃣ Restaurants grow with financing Restaurants need access to capital for a number of reasons, whether it’s to open another location, grow certain areas of operation, or invest in new equipment. Find the latest insights and takeaways you can use for your restaurant: https://squ.re/3wl8kDs

When you ask around about the best places to eat in town this spring break, you may get varying answers, but you can always rely on chain restaurants since they’re usually consistent across the board. But which one will you choose? Let the latest #ACSI Restaurant Study be your guide. See which restaurant chains ranked highest for their #customersatisfaction in Money Talks News' coverage of our study: https://lnkd.in/gXgwMdbX

𝗜𝘀 𝗱𝗲𝗰𝗹𝗶𝗻𝗲 𝗶𝗻 𝗺𝘂𝗹𝘁𝗶-𝘂𝗻𝗶𝘁 𝗿𝗲𝘀𝘁𝗮𝘂𝗿𝗮𝗻𝘁 𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗮 “𝗯𝗹𝗲𝗲𝗱𝗶𝗻𝗴” 𝗶𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿? 👇 Contraction. Most consider it a four-letter word when talking about restaurant growth. And they wouldn’t be wrong. Yes, contraction among multi-unit restaurants means location count is shrinking—but it’s not always a reason to write off a brand as a prospect or to hit the panic button. ➡ Learn more: https://lnkd.in/gVrGKeSP

Restaurant Profit Margin - 4 Areas To Focus On https://hubs.la/Q02zhLRt0

Choose solutions that offer more than 1 benefit to you. Have a plan in place before you make a purchase and be clear on next steps. Be smart about what you implement and how. "Technology, as it becomes more engrained in the fabric of modern hospitality, is the necessary and logical solution to the challenges facing the hospitality industry"