Finance for Restaurants | Food Newsfeed
Continue to Site

Finance

Chili's Enjoys Best Traffic in Over a Decade

Chili’s second quarter, which wrapped December 26, marked the one-year anniversary of its “traffic-focus strategy.” The early results? The Brinker flagship, over the past two periods, just turned in its best back-to-back traffic trends in 12 years.

How Smart Operators Avoid Employee Turnover

High turnover has long been a perennial—and quite costly—challenge for restaurants. According to TDn2K, restaurants lose about $2,000 whenever a front- and back-of-house employee leaves. This figure skyrockets to roughly $14,000 for managers.

Eat Here Brands Sells Table 100, Turns Focus to Babalu

Eat Here Brands, owner of eight Babalu restaurant locations, sold its stake in Flowood, Mississippi, restaurant Table 100 to Bill Latham and Al Roberts on December 31. Latham and Roberts, the co-founders of Babalu, Table 100 and Eat Here Brands, both remain actively involved on Eat Here’s board of managers.

2018 Was a Promising Year for Chain Restaurants

Here’s a jolt of good news to start 2019: After a strong December, the restaurant industry posted its best sales year since 2015, according to the latest Restaurant Industry Snapshot from TDn2K.December’s same-store sales grew 2 percent across the chain segment, which marked the best monthly performance since August 2015.

Debt-Burdened P.F. Chang’s Reportedly Sold

P.F. Chang’s is officially on the move again. The Chinese chain entered into an agreement to be sold to TriArtisan Capital Partners LLC and Paulson & Co. Inc, according to a private notice sent to investors and reported on by Bloomberg News.

40NORTH Restaurants Buys TOWN Bar + Kitchen

40NORTH Restaurants, the full-service division of Villa Restaurant Group, owned by New Jersey’s own Scotto Family, announced that it has acquired the popular TOWN bar + kitchen restaurant, located at 80 Elm Street in Morristown, New Jersey.

Bull Durham Beer Co. Sold to R&D Brewing

R&D Brewing Company has purchased Bull Durham Beer Co., the first brewery in America to operate in a Minor League baseball stadium.Founded in 2015 by Capitol Broadcasting Company, Bull Durham Beer is brewed at the home ballpark of The Durham Bulls.

Bad Daddy’s Burgers Reports Sales Increase For Q1

Good Times Restaurants Inc., operator of Bad Daddy’s Burger Bar, a full-service, upscale burger bar concept and Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain focused on fresh, high-quality, all-natural products, today announced that same store sales at its Bad Daddy’s concept increased 0.

Blue C Sushi Chain Abruptly Shutters All Restaurants

Seven-unit Blue C Sushi abruptly shuttered all of its restaurants this week, according to an email sent to employees Sunday by a representative of parent company madison Holdings, Inc. A copy of the memo, reviewed by Eater, cited “unexpected financial and other circumstances.

Emerging Chain Firebirds Wood Fired Grill Sold to Firm

J.H. Whitney Capital Partners announced January 8 it completed a transaction to acquire the majority interest in Charlotte-based Firebirds International, LLC. Financial details and terms of the transaction were not disclosed, the company said in a statement.

P. F. Chang’s Nears $700 Million Sale

Private equity firm TriArtisan Capital Advisors is in talks with Centerbridge Partners to acquire P.F. Chang’s for $700 million, according to a Bloomberg report.Centerbridge acquired the Asian chain in 2012 along with fast casual Pei Wei in a deal valued at $1.

Kona Grill Hit With Nasdaq Delisting Notification

Kona Grill’s road to becoming America’s best happy hour could face a roadblock. The Nasdaq Stock Market notified Kona Grill it failed to comply with market rules and could be delisted.On January 4, the Arizona-based company filed documents, which notified the Securities and Exchange Commission that the company received a deficiency notice from the Nasdaq Stock Market.

Breaking Down Minimum Wage Hikes in 2019

The future of the federal minimum wage rate is always a means of debate. It remains $7.25 per hour, with no real clear path forward, although many pundits expect it to eventually rise. For now, though, 2019 brought minimum wage hikes in more than a dozen states and cities.