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Eat'n Park Commits $1 Million to Kids' Health

The Eat’n Park Hospitality Group launched LifeSmiles, a program that will invest in children’s health and wellness initiatives in the communities the company serves. As part of the effort, the foodservice leader plans to invest $1 million and 20,000 volunteer hours to health and wellness initiatives over the next five years.

Loan Provider Offers Relief for Main Street Businesses

With “Main Street” restaurants still struggling to find working capital despite an improving economy, financial services provider Capital Access Network (CAN) announced that one of its subsidiaries will make such loans more available to small- and mid-sized businesses.

Restaurant Industry Took Slight Hit in November, Says NRA

As a result of a downtick in same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index(RPI) fell below 100 in November. The RPI—a monthly composite index that tracks the health of and outlook for the U.

Food Expert Says Japan’s Tragedy Could Help U.S. Food Suppliers

The recent tragedy in Japan will affect the global food supply--especially with seafood--but it also will provide an opportunity for American food suppliers and retailers to increase their market share, this according to Phil Lempert, a leading food industry expert.

Franchised businesses face financing challenges

Over 80,000 new jobs and over $10 billion in economic output could be lost in 2011 unless credit flow to franchised small businesses increases, according to a new report released today by the International Franchise Association (IFA).

Morton’s Restaurant Group May Be Up For Sale

Morton’s Restaurant Group is considering a potential sale of the company.The Chicago-based business announced that, with the support of affiliates of Castle Harlan, Inc. and Laurel Crown Partners, LLC, its two largest current shareholders, the company’s board of directors has authorized the exploration of strategic alternatives to enhance shareholder value.

Tavistock Group Aquires E-Brands

Tavistock Group has acquired E-Brands Restaurants, a multi-concept restaurant company that operates Timpano Chophouse and Martini Bar, AquaKnox, and Taqueria Canonita. E-Brands Restaurants sold its brands and seven restaurant locations to the Orlando, Florida-based private investment company after filing for bankruptcy last summer.

Restaurants' Outlook More Rosy

Visits to restaurants may be down compared to six years ago but there’s a glimmer of hope on the horizon. New research from the NPD Group shows that there were signs of improvement in the second half of 2010.

JB's Family Restaurants Closes Units, Files for Chapter 11

JB’s Family Restaurants has filed for Chapter 11 bankruptcy protection due to debts that are estimated to range as high as $50 million, but at least $10 million.The company has also closed 26 of its 50 restaurants, around half of which are company-owned and half of which are franchised.

QSR Editor Advises New Financial Reference Website

Ever wondered what exactly a daypart is or when to use the term “front of house”?A new website, www.fiwords.com, will tell you just this – at a price, of course.Fiwords.com, the “Financial Writer’s Stylebook,” offers subscribers – who pay just $12 a year – a simple way to decode terms from the foodservice, business, and finance industries and a guide on when to use them.

Franchisors Must Get House In Order to Sustain Growth

Business in the quick-serve industry is finally trending up, and with lending becoming increasingly available to operators, franchisors may soon find themselves with more prospective franchisees clamoring to get on board with their brand.

New-Age Franchising

The times are changing for many of the industries that fortified America’s capitalistic society. With banks trying to figure out how to thrive under new financial regulations, quick serves are facing a challenge to their classic business model: the franchise.