NRA: Restaurant Performance Index showed moderate decline in September

Restaurant operators are unimpressed about the direction of the economy.

Brix Holdings launches franchisee incentive program

Three of Brix Holdings' franchise brands today announced limited-time offers providing financial incentives for new franchisees. The new programs will ensure real estate selection opportunities and charge zero percent royalties for the first six months after opening a Red Mango,...

Majority of middle market execs have positive business outlook

According to CIT Group’s newly-released and third annual Voice of the Middle Market study, a majority of middle market execs have a positive outlook for their businesses, with 63 percent indicating that their companies are better off today than last...

GE Capital extends restaurant financing opportunities

GE Capital, Franchise Finance announced today that it has expanded its team of account executives to focus on the restaurant industry. Leading the initiative is Allen Johnson, who has been promoted to managing director of new relationship development in the...

Restaurant Finance Monitor’s finance and development conference headed to Vegas

The Restaurant Finance Monitor's annual Restaurant Finance & Development Conference will be held Nov.

Boston catering concierge secures $300K VC Investment

The funding will help Phoodeez, a corporate catering concierge that works with more than 40 local restaurants and food trucks, reach more customers.

Fund established to encourage pro athletes into franchising

The Playbook Solutions Group Franchise Income Fund has been formed to help professional athletes get into franchising. The fund was founded by Steve Levenson and NFL veteran Leonard Marshall is a partner. "The franchise industry is continuing to flourish and...

Quiznos, CiCi's, Cold Stone among franchise businesses with high default rates

The Wall Street Journal this week examined the 10 "worst franchise brands," based on SBA loan defaults. The list included three restaurant brands – Cold Stone Creamery, Quiznos and CiCi's Pizza. Topping the list was Planet Beach, with a 41.1 percent default rate.

Yum! Brands increases quarterly dividend by 11%

Yum! Brands Inc.'s board of directors has approved an 11 percent increase in the company's quarterly dividend. The quarterly cash dividend will increase from $0.37 to $0.41 per share and will be effective with the dividend payment to be distributed on Nov.

Cardiff finalizes acquisition of Romeo’s NY Pizza

Florida-based Cardiff International Inc. announced last week the finalization of its acquisition of Romeo’s NY Pizza. "We are pleased to add them to our growing portfolio. We're excited to have acquired Romeo's NY Pizza, a family owned business, with great...

Restaurant industry health and outlook hits a two-year peak

Driven by stronger sales and traffic levels and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose to its highest level in more than two years.  The RPI – a monthly composite index that tracks the health of and outlook for the U.S.

Lebron James’ investment group bringing Blaze Pizza to Miami

Blaze Fast-Fire'd Pizza today announced that it will soon enter the Miami market with three locations set to open within the next year. The company's first area location will be in Fort Lauderdale followed by a second location in Boca...

Franchise Assoc. CEO: Economy is on track to full recovery

Franchising growth is expected to grow significantly this year, according to new reports. FRANdata, which has been analyzing franchising activity for more than 25 years, reports that demand for franchise units is expected to increase by more than 12 percent...

Sbarro to get a fresh start in new Ohio home

Sbarro announced this week that it is moving its headquarters from Melville, N.Y., to Columbus, Ohio, as it emerges from bankruptcy protection. The pizza chain filed for Chapter 11 reorganization in March, its second such filing in three years.

Restaurant traffic continues on a positive trajectory

Driven by improving same-store sales and customer traffic and a positive outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose for the second consecutive month. The RPI stood at 101.7 in April, up 0.3 percent from March...

MOD Pizza raises $15M to accelerate expansion

Seattle-based MOD Pizza has raised more than $15 million from private investors to support an accelerated expansion of the brand. In addition, the company announced that it will be opening stores in three new markets this summer – the San...

Papa Murphy's IPO priced at $11 per share

Papa Murphy's Holdings has announced the pricing of its initial public offering of 5,833,333 shares of common stock at $11.00 per share. According to a news release, all of the shares in the offering are being offered by Papa Murphy's,...

Energy Edge Technologies to acquire stake in Power Pizzeria

Energy Edge Technologies Corporation has entered into an agreement with Power Pizzeria to acquire a 49-percent stake in the pizza company. While specific terms are being negotiated, Power Pizzeria management said the transaction is anticipated to close in the second...

Restaurant industry metrics reach 10-month high

Driven by stronger same-store sales and customer traffic and a more optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index rose to a 10-month high in March. The RPI — a monthly composite index that tracks the...

Papa John's issues quarterly dividend

Papa John's has declared a quarterly dividend of 0.125 cents per common share, payable May 23 to shareholders of record at the close of business on May 12.

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