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Technomic Forecasts 2014 Restaurant Industry Growth

At a special session for its Foodservice Planning Program, Technomic shared its latest expectations for foodservice industry performance, by segment, through 2014. Since releasing its last forecast in January 2013, the firm has seen slight slippage in 2013 growth expectations for the overall industry, from a nominal 3.

How Austin's Kerbey Lane Cafe Saved Time and Money

Diverse, adventurous, socially conscious, fun—Kerbey Lane Cafe embodies what's best about Austin, Texas. They opened the first store in a small house on Kerbey Lane in 1980 when they sensed a market for affordable food cooked with fresh, locally grown ingredients.

Complying with the Costly Affordable Care Act

Restaurateurs are searching for ways to mitigate increased costs when the Patient Protection and Affordable Care Act takes effect in 2014 and any restaurant with 50 or more full-time employees is required by law to comply.

Protein Prices Rise, Restaurants Cope

Rob Green, director of the National Council of Chain Restaurants, called last year’s drought the worst in 50 years. The corn shortage, among other issues, affects the costs of proteins from chicken wings to ground beef.

Expanding with Partners

The cliché that too many cooks may spoil the soup ironically doesn’t always apply to restaurant operations. A lot of cooks—and in this business those cooks can be restaurant operators, investors, or indeed the chefs—can make the restaurant run more smoothly, have greater financial backing, and lead to expansion.

SalesVu Intros Free iPad App and POS Application

Austin, Texas-based SalesVu has released its latest mobile payment and point-of-sale application, SalesVu 2.2 for iPhones and iPads.This new update is intended to replace costly server-based POS solutions with a more affordable and reliable option.

East Coast Wings & Grill Approved for $7.5M Credit Facility

Continuing to defy an economic crisis that has dragged countless restaurant concepts into stagnation or even recession, East Coast Wings & Grill remains on a rapid path to growth.Having recently completed its 35th consecutive quarter of same-store sales increases, the North Carolina–based chain has now been approved for a franchisee lending program created by Franchise America Finance and The Bancorp Bank, a subsidiary of The Bancorp Inc.

Biz2Credit Launches Financing Assistance Website for Restaurants

Inspired by the increasingly wide range of small business owners seeking capital, Biz2Credit, the online resource for small business finance, is launching industry-specific sites with information geared toward borrowers in those industries.

Biz2Credit's new Restaurateur page offers information on restaurant loans, franchise loans, accounts receivable financing, building loans, and equipment loans.

NRA Speaks Out Against Proposed Swipe Fee Antitrust Settlement

The National Restaurant Association (NRA) issued the following statement, expressing opposition to the terms contained within a proposed swipe fee antitrust settlement.“After careful and deliberative considerations, the National Restaurant Association Board of Directors’ Executive Committee decided unanimously to reject the proposed settlement agreement on interchange swipe fees,” says Dawn Sweeney, president and CEO of the NRA.

Quaker Steak & Lube Appoints Fred Dreibholz as CFO

The award-winning casual-dining franchise Quaker Steak & Lube, known for its Best Wings USA and more than 20 sauces, announced it has appointed Fred Dreibholz as chief financial officer effective November 1.

Millennials Expect Financial Situation to Improve Within a Year

Consumers’ positive outlook on the future indicates that they may increase spending on foodservice in the next year.Half of Millennials (50 percent) expect their personal financial situation to improve in the coming year, while only a fifth of all consumers surveyed (21 percent) think their financial situation will worsen over the next year.