The Essential Guide To Restaurant Real Estate In 2019
3 days ago . 54 people watched
You can’t bank on many things in the restaurant industry but you can surely count on this: Real estate is going to be a pain
Past just landing on the right market (here’s some help picking), the challenges are endless and evergreen
Buxton, a leading customer analytics and predictive analytics platform, released its 2019 Retail and Restaurant Real Estate Outlook to help operators tackle
5 Ways Real Estate Can Unlock Growth For Your Restaurant
7 days ago . 57 people watched
In this moment of rapid change, real estate asset strategy should be at the center of the go-forward plan for any franchisee
Many Americans have shifted to doing just about everything virtually, from work to school to happy hour
But for restaurant owners, a physical location remains the anchor of
Post-COVID 19: The Pros And Cons Of Location Takeovers
1 days ago . 55 people watched
The really good real estate brokers will make it their responsibility to find and copy these documents for the project team’s use
Verify the fit: We strongly recommend preparing a “test fit,” or a preliminary layout, as early as possible to determine which aspects of your ideal layout, including cookline, prep kitchen, bar, …
The Art Of Site Selection QSR Magazine
3 days ago . 39 people watched
Being in the right place at the right time is the key to success in any business
And as the nation finally begins to climb out of one of the worst recessions in U.S
history, a number of quick-service companies are advising their franchisees that, with soft real estate prices, lower construction costs, and increasing availability of capital loans from lending institutions, now is the right
Rapidly Expanding Modern Market Stays True To Its Roots
3 days ago . 56 people watched
In Colorado, for example, where Modern Market has 13 units, Pigliacampo sees a traffic jam, in Denver especially
The oversaturation of concepts and the time it might take to wait for prime real estate to open up has led Modern Market on a hopeful search across the map
“We look for markets where they understand and get fast casual,” he says.
How Mendocino Farms Is Rethinking The Fast
5 days ago . 43 people watched
Real estate is a major factor in Mendocino Farms’ ongoing success
While the company first launched in an 800-square-foot space in downtown Los Angeles—one that was only open from 11 a.m
Monday through Friday—the company now pursues large-box real estate locations.
What To Expect From Restaurant Franchising In 2021 QSR
5 days ago . 56 people watched
The pandemic has stimulated a favorable commercial real estate market for buyers and lessees
As a result, franchisors have been touting real estate opportunities such as second-generation stores and the ability to land favorable terms or high-visibility spaces as reasons to jump into the quick-service game sooner rather than later.
10 Best Franchise Deals For 2020 QSR Magazine
4 days ago . 46 people watched
The skinny: Cinnabon has been an American staple now for 35 years, and is an icon in indulgence, particularly in nontraditional real estate like airports and malls
A repeat Best Franchise Deal honoree, Cinnabon has attractive financials, a best-in-class product, and a corporate parent (FOCUS Brands) that can pull resources from several other
Bojangles’ Sold For $593 Million, To Be Taken Private
9 days ago . 56 people watched
For fiscal 2018, the company expects to open just 18–22 systemwide restaurants, down from its previous expectation of 30–40 units
And of those, only six to eight will be company-run
Kibler said Bojangles’ would start relocating restaurants to better real estate and start remodeling stores at a fast clip as well.
Dairy Queen QSR Magazine
7 days ago . 25 people watched
We have a sales and real estate field group that consults with the franchisees from the initial call all the way through store opening,” says Kerr
The company offers franchisees access to design and construction advice, as well as access to prototypical store plans.
Steak ‘n Shake Avoids Bankruptcy, Accuses Lender Of
9 days ago . 54 people watched
It said Fortress planned to use its rights as a majority holder of the loan to purchase, at discount, the real estate standing as the debt’s collateral
Properties included ones reviewed during 2020 negotiations, Bloomberg said
As Steak ‘n Shake prepared for a potential bankruptcy filing, it tried to negotiate repayment with Fortress.
How To Maximize Outside Legal Counsel To Drive Post
6 days ago . 52 people watched
The real estate market is starting to heat up and there will surely be fierce competition for much sought after “Main-and-Main” locations across the country
Using the right outside counsel can provide the extra edge in both “on-the-ground” contract negotiations and the overall programmatic approach to successfully realize growth plans.
Why Ziggi’s Coffee Is One To Watch QSR Magazine
3 days ago . 50 people watched
The small store footprint allows it to be flexible in its real estate, whether locating in parking lots or big retail spaces
In 2021, Ziggi’s plans to open 30 new units
In early April, the Ziggi’s inked its 100th deal with the company’s first franchisees
Steve and Jill Anderson signed the chain’s franchise agreement four-and-a-half
Finding The Real Estate Diamond In The Rough QSR Magazine
8 days ago . 58 people watched
New Orleans native Rob Stumm, along with his daughters Courtney and Celie, became a Pinkberry Frozen Yogurt franchisee in 2008 and now owns three units, with the fourth on the way
It’s the second unit the Stumms opened, though, that is the real star of their business.
Jersey Mike’s Adds 2 Key Members To Real Estate Team QSR
2 days ago . 60 people watched
Jersey Mike’s Subs announced Thursday the addition of two new members to its real estate team, Paul Williams as director of real estate for South Central markets, and Cortney Rickle as director of real estate, Northeast
Following the opening of 170 stores in 2017, Jersey Mike’s is on the fast track to develop more than 200 stores this year and is continuing the search for prime real
Post Sale, Checkers Continues To Gain Momentum QSR Magazine
7 days ago . 60 people watched
Checkers’ real estate team is tacking on 30–40 new sites each week to its pipeline for new operators to choose from
There are about 250 active locations in the works and, as of March, 130 new stores were approved and in the process of coming to life.
Valuing Your Store QSR Magazine
4 days ago . 32 people watched
Real property valuations, which look at buildings and land, are essential for acquisitions and dispositions, lending, and insurance, as well as estate and property taxes
Leaseholds, common in the quick-service industry, can also be valued.
Diamonds In The Rough QSR Magazine
9 days ago . 35 people watched
Available real estate is a challenge and is highly competitive; everybody’s looking for the same corners or similar locations within a market,” says Mike Gallagher, vice president of development and franchising for Sonic Drive-In
“It’s one of the advantages that smaller markets give, is
that there may be more available real estate.
Del Taco Names New VP Of Development QSR Magazine
6 days ago . 50 people watched
Little brings more than 20 years of development experience to Del Taco
Most recently, he served as vice president of development at El Pollo Loco, where he oversaw real estate, franchise sales, construction project management, and overall project design for the national brand
Prior to El Pollo Loco, Little worked at Yum!
How Restaurants Can Collaborate With Landlords To Secure
5 days ago . 57 people watched
The real estate and hospitality industries are important sectors in America’s economy, employing millions of people
The livelihood of employees and the viability of many real estate companies and quick-service restaurants is now in jeopardy
The severity of the economic aftershock may be much more severe than it …
14 Glimpses Into The Fast-Food Restaurant Of The Future
5 days ago . 56 people watched
This includes reassessing the brand’s real estate portfolio and focusing on aggressively opening new stores in areas like Brooklyn, Chicago, New York and Washington D.C., Smashburger said
Deploying a hub and spoke approach, Smashburger said it is strategic real estate decisions by opening new restaurants in high-volume foot traffic areas
Huddle House QSR Magazine
8 days ago . 26 people watched
“As long as the underlying real estate is good, it can work
The investment costs can be as much as 40 to 50 percent lower than doing a new build,” Whittle says
Huddle House uses Boefly.com, an online portal that matches applicants with available loans, to streamline the process and to …
Why Is Nobody Talking About A Mobile Food Strategy
Just Now . 50 people watched
Mobility also allows you to strengthen your real estate position
A strong location for a mobile food facility is a good bet for a brick and mortar restaurant
Taking out even a small percentage of risk may set the future winners in the quick-service restaurant industry apart from those that fail.
Captain D's Builds Up Development Team QSR Magazine
7 days ago . 52 people watched
White received a bachelor’s degree from the University of Georgia and is also a certified commercial real estate paralegal through the National Center for Paralegal Training
With 515 restaurants in 22 states, Captain D’s is the fast-casual seafood leader and number one seafood franchise in America ranked by average unit volume.
Shake Shack Shuffles Executive Team QSR Magazine
8 days ago . 49 people watched
He will be responsible for the overall growth of the company, leading the real estate strategy, design, construction and facilities functions
Since joining the company in 2010 with just three Shacks, McCaughan has developed and led a best in class development team, secured iconic real estate in numerous new markets, and guided the restaurant
How Restaurant Franchisees Can Transfer Ownership QSR
4 days ago . 55 people watched
Michael Einbinder: If the restaurant franchisee owns its building or properties, it may make transfer less difficult
If the franchisee leases its locations, lease provisions relating to assignments of leases and change in control of the franchisee entities complicates any succession plan.
How To Negotiate The Perfect Restaurant Lease QSR Magazine
4 days ago . 59 people watched
Fazoli’s director of real estate and the brand’s broker can type in a promising address while in the field and receive potential sales numbers
“Everything goes into a return-on-investment model, so it’s got to work within the confines of your investment model,” says Carl Howard, CEO of Fazoli’s.
12 Key Lease Terms For Restaurants QSR Magazine
5 days ago . 48 people watched
Wingfield is a director at Murphy Pearson Bradley & Feeney’s San Francisco office, where his practice extends to representing businesses and individuals on matters concerning real estate, employment, and corporate matters, with a particular emphasis in the restaurant, bar, and hospitality industry
Wingfield regularly represents private restaurant groups, national restaurant
&pizza Receives Investment To Fuel Expansion QSR Magazine
3 days ago . 62 people watched
Ross is the Chairman and Founder of the global real estate firm Related Companies and principal owner of the NFL’s Miami Dolphins
In addition to vast residential, commercial and mixed-use real estate holdings, Related and Ross have invested in experiential consumer-retail brands including cultural phenomenons, Equinox and SoulCycle, and
Church’s Chicken Expands Development Team QSR Magazine
4 days ago . 57 people watched
He is also overseeing efforts related to franchising, reimaging, construction, and real estate
Moralejo, who joined Church’s in 2013, previously served as Global Chief Development Officer
“These changes are part of our overarching strategic initiatives and are 100 percent aligned with our brand vision to become the global franchisor of
Shake Shack: Don't Focus On Negative Sales QSR Magazine
Just Now . 56 people watched
A continued slip in same-store sales, along with a weak outlook for 2017, sent shares of Shake Shack tumbling nearly 5 percent in after-hours trading Thursday afternoon
The second-quarter sales declines of 1.8 percent missed Wall Street estimates of flat growth and followed a first-quarter where comps dropped 2.5 percent
Shake Shack also reported a 4.3 percent decrease in traffic …
Are Ghost Kitchens The Future
4 days ago . 29 people watched
Less prime real estate also means more space to accommodate delivery and catering vehicles that would otherwise jockey with customers for parking space
It’s an ever-more-appealing prospect as the $17 billion U.S
online food delivery market climbs toward a projected $24 billion by 2023, according to data portal Statista.
Rising Roll Reemerges With Big Growth Plans QSR Magazine
7 days ago . 57 people watched
They did so by diving into non-traditional real estate
Venues such as university campuses, medical centers, and Class A office buildings became Rising Roll’s focus out of the franchising gate
It clearly worked—16 of its 19 stores are located in such outlets
From a strictly profitable standpoint, the strategy was a hit, Lassiter says.
How To Find The Right Market QSR Magazine
Just Now . 42 people watched
Sara Wilkins, director of real estate for Schlotzsky’s, says the company has about 350 stores and now uses a GIS solution for new sites
The Strategic Integrated Mapping and Modeling System (simms) was developed for the company by Forum Analytics LLC, a Chicago-based firm.
* Wendy's franchise real estate development program, a successful initiative that helps franchisees develop new restaurants
* Restaurant formats such as the full-sized Wendy's - Tim Hortons combination units, which are producing outstanding results
There are more than 100 combination units in Canada and the U.S
Pancheros Strengthens Leadership With New Director Of Real
Just Now . 59 people watched
Prior this role, Beiner headed commercial real estate support for several other fast casual brands, including Caribou Coffee and Einstein Bagels
Previously serving as director of real estate for Pancheros from 2006 to 2015, Beiner returns to the role with a unique insight on the brand and its real estate …
Noodles & Company Hires John Ramsay As VP Of Franchise
5 days ago . 59 people watched
In addition to his franchise roles, John has also worked in construction and real estate for brands like Sbarro's, T.G.I
"Franchise growth is a tremendous opportunity for Noodles, and with John and Carly's leadership, we will be able to accelerate unit growth while partnering with franchise operators who value our
Denny’s QSR Magazine
5 days ago . 23 people watched
In 2017, Denny’s opened 39 new restaurants, which included 14 international locations
Franchisees with Denny’s receive field-based real estate advice, the help of a project manager in building their restaurants, and ongoing support in advertising and operations, as well as supply chain support.
Paris Baguette Appoints Darren Tipton CEO Of U.S. Business
6 days ago . 59 people watched
Paris Baguette announced new appointments to its executive leadership team to support its mission of developing an inclusive, global, and entrepreneurial culture while positioning for long-term growth.As of January 1, former Chief Operating Officer (COO), Darren Tipton, assumed the role of CEO of Paris Baguette’s United States business operations.
The 40/40 List For 2019: America's Hottest Startup Fast
8 days ago . 56 people watched
Beyond Sushi is a commissary-based business—a model that offers Vaknin flexibility to remain agile in the real estate gauntlet that is New York City, and to meet grab-and-go demand as off-premises booms
The chain wants to add another four NYC stores by 2020, and Vaknin says there’s infrastructure to …
Fast Casual QSR Magazine
9 days ago . 25 people watched
Trickey joins Zaxby’s from Pet Retail Brands Ltd., where she served as chief legal officer and head of real estate
Out of COVID, Shake Shack Has Cash to Become a Juggernaut
The burger brand has no shortage of growth opportunity ahead
Pure Green to Unveil New Wellness Menu with Foodgod.
11 Hot Markets For Quick-Service Restaurant Growth QSR
2 days ago . 56 people watched
The Bad: Hybl says finding opportunistic real estate is a challenge in Atlanta, “mainly because it’s so spread out and undergoing massive changes.” And though the average Atlanta household’s consumer expenditures sit at a healthy $62,250, only 4.7 percent is spent on food away from home, according to …
Luby’s Achieves Profit As It Continues To Seek Sale QSR
2 days ago . 59 people watched
Luby’s announced in June that it planned to sell its assets as part of a strategic alternative to maximize stockholder value
The company is exploring several potential transactions including the sale of its operating divisions—Luby’s, Fuddruckers, and Culinary Contract Services—as well as its real estate, or selling the company as a whole.
New York City Industry Leaders Share Relief Needs QSR
2 days ago . 55 people watched
Prominent New York City industry leaders in restaurants, nightlife, retail, real estate, economic development and tech have joined forces to advocate for urgently-needed relief to save the city’s small business community
Reflecting the magnitude of this crisis, the body of the group comprises the Bronx Chamber of Commerce, Brooklyn Chamber
Costa Vida Expands To Pacific Northwest QSR Magazine
9 days ago . 53 people watched
Hepner spent the last 15 years in real estate and is the current owner and CEO of multiple real estate development and retail companies
Hoffman spent 10 years in public accounting before moving into the real estate space as the CFO of multiple real estate development and retail companies, as well.
NYC's Iconic Papaya King Preps For Explosive Growth QSR
5 days ago . 57 people watched
“The most important thing in restaurant marketing is real estate,” Rowe says
“You’ve got to have great locations
You’ve got to be where people are.” Not only does Papaya King require a small footprint, but also its ingredient and recipe list is easily repeatable, and at a high level
There isn’t a lot of venting or equipment needed.
Qdoba Hires Shawn Caric As New Vice President Of Franchise
7 days ago . 59 people watched
45 minutes ago · He most recently served as the Director of Development for the Midwest Region at Dunkin Brands, leading real estate signings and site approval for 11 states
Over the years, Caric has developed a strong record for successfully leading dynamic teams that drive company growth and profits through award-winning results in the areas of franchise
Real estate realities have forced quick-service chains to get creative with their real estate procurement. “A lot of our development today has to be creative dealmaking, and you have to flip the coin over a lot to come up with a better solution,” says John Todd, chief development officer for Dallas-based Fiesta Restaurant Group, parent
Real estate is often a referral-based business. Those who are involved in the business longer typically are the most successful. Those with 16 years or more experience earned the highest real estate income: approximately $78,850 on average.
What are the working conditions of a real estate?
Real Estate Agents - Working Conditions. In a typical work setting, real estate agents: Have a high level of social contact. They are in constant contact with buyers, sellers, and other agents. Are often placed in conflict situations in which buyers and sellers may be rude or angry.
What is the most expensive real estate in the US?
Manhattan real estate is the most expensive in the US per square foot with some properties topping $10,000: Study. Move over San Francisco — the Big Apple tops Silicon Valley as most expensive place to live in the United States, a new study shows.
What to do to sell your house successfully?
How to Sell Your Home Without an Agent
Evaluate the current market. The first step in learning how to sell your house without a realtor is to get a pulse on your local real estate market.
Choose your list price. When learning how to sell a house by owner, setting the right price for your home is one of the most important steps.