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Finance

Applebee's Sells 66 New England Stores

DineEquity, parent company of Applebee's Neighborhood Grill & Bar and IHOP Restaurants, announced that it has entered into an asset purchase agreement with Apple American Group LLC for the sale of 66 Applebee's company-operated restaurants located in Massachusetts, New Hampshire, Maine, Rhode Island, Vermont, and parts of New York.

Restaurant Industry Outlook Stands Strong

Buoyed by positive same-store sales and solid optimism among restaurant operators for continued growth, the outlook for the restaurant industry remained positive in April.  The National Restaurant Association's (NRA) Restaurant Performance Index (RPI)—a monthly composite index that tracks the health of and outlook for the U.

Golden Corral Franchise Looking to Become Energy Efficient

Efficient Energy America (E2America) announced that Platinum Corral, a multi-state franchise operator of Golden Corral Buffet-Grill restaurants, has signed an agreement to install E2America’s intelligent HVAC control system in all 30 of its stores.

McCormick & Schmick's Reports Financial Results

McCormick & Schmick’s Seafood Restaurants, Inc. today reported financial results for its first quarter ended March 30, 2011.Financial results for the first quarter 2011 compared to the first quarter 2010:Revenues decreased 1 percent to $84 million from $84.

Restaurant Industry Outlook Looking Better Says NRA

Bolstered by solid improvements in same-store sales and customer traffic levels, the outlook for the restaurant industry continued to strengthen in March. The National Restaurant Association’s Restaurant Performance Index (RPI)—a monthly composite index that tracks the health of and outlook for the U.

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National Restaurant Association

Dawn Sweeney Gets Industry Back On Track

As soon as Dawn Sweeney joined the National Restaurant Association as president and CEO in October 2007, she was thrown into the fire and had to figure a way out.That fire was, of course, the recession.

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National Restaurant Association

The More You Know

In April nearly 500 restaurateurs from 44 states gathered in Washington, D.C., for the National Restaurant Association’s (NRA) 25th Annual Public Affairs Conference. For many, the three-day adventure, complete with visits to Capitol Hill and interactions with Congressional members, was a sobering reminder of just how much the government has thrust itself into restaurants’ 21st century affairs and just how sniping certain regulatory issues could prove for an industry already at odds with a sluggish economy.

Restaurant Performance Index Up ... Finally

Zacks Equity Research this week took a look at the Restaurant Industry.A recent survey by the National Restaurant Association revealed that the Restaurant Performance Index (RPI), measuring the health and outlook on the U.

NRA Fights Debit Card Swipe Fees

Nearly 500 restaurateurs from 44 states this week called on their congressional members to fight the tactics of big banks and debit card companies seeking to halt much-needed reforms to a broken market for debit card swipe fees.

Changing Demographics and Brand Appeal Put Pressure on Casual Dining

9990 Linn Station Road in Louisville, Kentucky, seemed like an ideal location for a T.G.I. Friday’s restaurant, and for some 30 years, it was.Linn Station Road boasts proximity to Hurstbourne Parkway, a 50,000-car-per-day road dissecting one of Louisville’s most affluent suburbs and home to a thriving retail corridor populated with a Wal-Mart, large auto dealership, Staples, Office Depot, and other retail regulars.

A Fair Trade

Twenty years ago, Toni Foley began bartering. These days, she won’t run her restaurant—five-year-old Eastside Café in Fairport, New York—without the practice. Foley has used her barter dollars for carpeting, trash disposal, a storage unit, and for customer gifts—all while conserving cash.

Washington May Not Have the Economy Pegged Just Yet

On August 2, Treasury Secretary Timothy Geithner wrote an op-ed in the New York Times with the title, “Welcome to the Recovery.” Despite the brash headline, Geithner was cautiously optimistic about the direction of the economy.

Let's Make a Deal

Rodger Head, CEO of Duke & King Acquisition Corp, takes big risks and gets big rewards when his company buys distressed units. He tells you how to do it right.Q: Is it smart to buy my second store off a franchisee who’s in over his head?There are a lot of challenges restaurateurs can run into when acquiring a unit that’s already in operation.

Show Me The Money

Stephen Sheinbaum, CEO of Merchant Cash & Capital, helps you navigate today’s lending market. The big banks may still be slow, but you have other options.Q: The recession seems to be lifting.