Researchers use text-mining software to predict success, failure of DC restaurants

The computer-assisted text analysis was more accurate at predicting restaurants' demise than ratings alone (although it is most powerful when used in combination with numerical ratings).

FEATURES


What it takes to build long-term vision

Write down where you want to be in one year, three years or five years as a way to better understand where you are headed and how you are going to get there.

New guide caters to restaurateurs, retailers looking to boost income with ATMs

'How to Profit from ATMs: A Guide for Retailers and Restaurateurs' delivers 40 pages packed with essential information about the business of owning, operating and earning revenue from ATMs.

Domino's, Pizza Inn shares outshine competitors

Pizza shares generally rose this past week with Domino's Pizza and Pizza Inn outshining competitors at a $2.49 and 43 cent leap, respectively.

Why now is the right time to sell your restaurant

Restaurant transactions increased last year because of an uptick in the economic recovery and improved lending options.

Cat Cora: When starting a restaurant, 'test the waters and protect your idea'

To ensure your passion won't diminish for your business, it's important to stay innovative and keep things fresh.

Catering in a franchise ecosystem: Part 1

Every restaurant operator today has customers asking for catering services; saying no to customers is never an option for any growing venture.

How hiking is like running a business

We are conditioned to keep going forward, but a careful retreat or horizontal strategy sometimes is the best way to make faster uphill progress.

Despite doubling system in 5 years, Marco's Pizza CEO wants more

Jack Butorac wants the Toledo, Ohio-based chain to be the fourth largest pizza brand in the U.S.

Tips on keeping food purchasing costs down

Many of the reasons restaurant costs can flair are by overlooking simple procedures and tests.

A forgotten key strategy in avoiding menu price increases

Including loss prevention in your strategies to counter higher costs may give you a competitive advantage, and add 3 to 5 percent to the top line.

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NEWS


Project Pie selects real estate firm to secure new market sites

Project Pie has announced a partnership with commercial real estate firm Newmark Grubb Knight Frank to help franchisees introduce the fast casual pizza concept in new markets. "This partnership with Newmark Grubb Knight Frank will elevate Project Pie to the...

Houston area Russo's store count reaches 20

Houston developer Asif Malik opened the store adjacent to NRG Stadium.

Consumer confidence grows, but costs pressure profits

Despite increased consumer confidence, increased costs -- beef is up 39 percent -- are making it tough for restaurants to earn a profit.

NRA: Restaurant Performance Index showed moderate decline in September

Restaurant operators are unimpressed about the direction of the economy.

Some LA area eateries adding 3% surcharge to cover insurance costs

The restaurant owners say the surcharge isn't meant to make a political point, but is simply a way to cover the cost of healthcare for employees while negotiating razor-thin profit margins.

Sbarro betting on closures for turnaround effort

After a tumultuous few years that included bankruptcy and a dwindling mall crowd, Sbarro has decided to close 155 of its North American locations. According to Bloomberg, the closures are an effort to "improve the company's profitability." Only underperforming company-owned stores will be affected by the decision.

Yum! Brands Inc. declares quarterly dividend

Yum! Brands Inc. has declared a dividend of $0.335 per share of common stock.

PizzaRev gets an investment boost from Buffalo Wild Wings

PizzaRev, an artisan pizza concept based in Los Angeles, today announced that Buffalo Wild Wings has taken a minority position in its new concept. Terms of the deal were not disclosed. "The PizzaRev team is thrilled to have Buffalo Wild...

Papa Murphy's achieves 25 record sales weeks in 2012

Papa Murphy's reported its sales and growth milestones from 2012. In addition to expanding its national footprint to more than 1,325 locations, the chain achieved 25 record sales weeks during the year.

Restaurant franchise industry veteran starts strategic advisory firm

Franchise industry veteran Lynette McKee, CFE, announced today the launch of McKeeCo Services LLC, a franchising and development strategic advisory firm. McKeeCo Services will provide franchise consulting to foodservice, hospitality, retail and service brands seeking to grow or improve their...

Domino's pushing carryout business to add to store-level profits

Carryout has grown steadily in the past few years and now makes up about one-third of all U.S. orders.

Private equity firm sells Pizza Hut franchisee

Sentinel Capital Partners, a private equity firm that invests in lower-middle-market companies, today announced the sale of Southern California Pizza Company, the largest Pizza Hut franchisee in Southern California with 224 locations. Financial details of the transaction were not disclosed....

Report: Demand growing for high-margin beverages

Seven out of 10 consumers (71 percent) now purchase beverages away from home twice a week or more often, up from 66 percent in 2010. According to market research firm Techmomic, as the economy continues to stabilize from the recession,...

Casey's acquires 22 stores from Kum & Go

Kum & Go and Casey's General Stores Inc. announced today they have signed an Asset Purchase Agreement for Casey's to acquire 22 convenience stores from Kum & Go.

Blaze Pizza registers to franchise in 32 states

California-based Blaze Fast-Fire'd Pizza announced that it has begun to accept franchise applications in key markets across the U.S. The company plans to build stores across California and select U.S.

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