Jesse M. Smith, MATC’s Post

Some great news for a pizza chain many were worried about recently. Key Takeaways: - MOD was acquired by Elite Restaurant Group. Elite has a history of buying financially troubled restaurant brands over the years. - This comes after MOD was considering Chapter 11 filings last week. - The fast casual pizza segment has struggled post covid - most meals don't conform to the timeline of mobile delivery because the process is different than a Domino's, Pizza Hut, etc. - Year to date, 44 underperforming restaurants have shuttered, all company owned, and it’s not clear whether more will close. If you'd like a clear picture of your tenants success we have a subscription software that can track visitor counts and rank your tenant competitively across the state and country. Feel free to contact us to unlock additional insights on other brands! Sam Noe 972.755.5208 sam.noe@marcusmillichap.com John Paine 972.755.5279 john.paine@marcusmillichap.com

Where to even start on these numbers for Chick Filet from the latest FDD…. Thank you Jonathan Maze for the info and comparisons to some of these other chains. What’s the secret sauce? Is it that tasty chicken, just crunchy enough on the outside and juicy inside? The waffle fries? How about the consistency and cleanliness of the stores? Is it this culture of commitment to customers? All of the above? How do we and other brands duplicate this success? Give me your take in the comments. ✅ Stand-alone restaurants achieved $9.4 million in average unit sales. ✅ U.S. system sales increased nearly 15% to $21.6 billion last year. ✅ Average unit volume more than double that of McDonald’s (~$4 million) and remember they are closed on Sundays ✅ Double-digit sales growth for 10 consecutive years. ✅ Highest-volume restaurant generating nearly $19 million in sales. ‼️What? Even mall locations unit volumes grew 22% to $4.5 million per location. ✅ Now the third-largest chain in the U.S., behind McDonald’s and Starbucks. #ChickfilA #BusinessInsights #FastFoodSuccess #WeSellRestaurants Robert Morrison Eric Gagnon, CFE, CBI https://lnkd.in/ep4dGXrG?

Magic happens in a partnership when ambitions are aligned

THE IMPORTANCE OF STRONG RESTAURANT OPERATIONS AND ITS IMPACT ON SUCCESS Restaurants must leverage operational strategies to thrive. As the industry evolves, those who invest in their operations will reap the benefits, ensuring long-term success. By focusing on operational elements, restaurant owners can ensure a successful and sustainable business model that meets the demands of today’s consumers Learn More: 📥 info@frangrow.com 🌐 www.frangrow.com 📲 TEXT "restaurant" to 9179912465 ☎️ (201) 534-5610 Franchise Growth Solutions, LLC. Fred J Kirvan #restaurants #franchisegrowthsolutons

Great tech changing the landscape of what's possible for local restaurant marketing - My chat with Brett Campbell of LOMA covered a lot "Maximizing Local Restaurant Marketing for Operators & Franchisees" - https://lnkd.in/eAqXCJ8X #restaurantmarketing #localmarketing

How Modern Market Combines Impressive Margins with Innovative Restaurant Operations to Engineer a Game-Changing, $2.2 Million AUV Franchise Opportunity in 2024 In the $209 billion world of fast casual dining, standing out is no small feat. Yet, Modern Market Eatery, a restaurant franchise that has woven innovation, health and sustainability into its core, is doing just that. How? By focusing on not only what we eat, but also how it's prepared and delivered, prioritizing both the needs of the modern diner and the modern franchise operator. The result? A fast casual franchise opportunity up-to-par with any of the household-name QSR giants. "In our quest to redefine fast food, our vision at Modern Market is clear: make real food the new standard,” said President and Co-founder Rob McColgan. “Over more than a decade, we've honed our processes to ensure that scratch cooking is fast, repeatable and profitable. We don’t come from traditional restaurant experience, which has allowed us to reinvent the concept from the ground up. Now, we’re inviting others to help us disrupt the fast casual industry." The flagship Modern Market restaurant opened in Boulder, Colorado, in 2009. The brand experienced consistent growth over the next decade, with company-owned operations opening up in Colorado, Texas and Arizona. But when the COVID-19 pandemic hit in 2020, McColgan said it was clear that the brand had to adapt. “We leaned heavily into delivery and digital ordering,” said McColgan. “Modern life makes eating out or ordering online a necessity. This shift towards online transactions has fundamentally transformed our business model and it allowed us to really focus on our growth trajectory. Today, we have a tech stack on par with the most sophisticated retailers and are miles ahead of the largest restaurant brands.” Currently, Modern Market operates 31 restaurants across the country. The brand is owned by parent company Modern Restaurant Concepts, which also owns the fast casual brand Qdoba. This makes Modern Market an emerging franchise with the buying power of an 800-unit chain — a rare blend that provides franchise partners with better pricing and logistics for accessing top-of-the-line equipment and food costs. READ MORE 👇

Restaurant Bankruptcies Reportedly at Highest Level Since Pandemic As was reported by PYMNTS today December 5, 2024 chain restaurant bankruptcies are reportedly at their highest level since the pandemic. Among the most recent examples is the casual dining franchise TGI Friday’s, one of more than a dozen high-profile eateries to seek bankruptcy protection between January and October of this year, Bloomberg News reported Thursday (Dec. 5), citing BankruptcyData. According to the report, that’s the most through that date since 2020, and next year could bring more turmoil, with restaurant prices jumping due to increased labor costs, supply chain issues and steeper interest expenses, lessening consumer demand for meals away from home. Bloomberg cited data from Black Box Intelligence showing that restaurant prices rose 44% between 2015 and March of this year, compared to a 26% uptick in grocery prices during the same timeframe. In addition to TGI Friday’s, the Italian chain Buca di Beppo, fish taco restaurant Rubio’s Coastal Grill, owner of burger and pizza chains BurgerFi and Anthony’s Coal Fired Pizza, and Red Lobster are all among companies seeking reorganization via bankruptcy in a year that has not been easy on the dining industry. And while global names like these are seeing sales fall, smaller restaurants are dealing with challenges of their own, like scaring up capital, Mitchell Hipp, divisional vice president at Rewards Network, said in an interview with PYMNTS posted earlier this week. “Most restaurants are undercapitalized to begin with, and it’s the #1 business that fails in the U.S.,” he said. Most small-to-mid-sized restaurants only have enough funding to remain open for six months, though they should — ideally — have the capital to keep running for a few years. Selected text is © PYMNTS, 2024. All Rights Reserved. Graphic is © Mark S. Mandula, CLO BCR Learning, 2024. All Rights Reserved.

According to this new report “Nearly 8 in 10 restaurant operators predict their sales will increase or hold steady compared to 2023 levels.” This is especially reassuring given the economic uncertainty that followed the restaurant industry's post-pandemic recovery. As many franchises see stability in their customer base, many are expanding their marketing and outreach strategies to broaden their appeal and further reinforce their restaurant branding. #Restaurant #Leadership #ConsumerTrends

Some news out of Australia. The Carl's Jr. Master Franchisee is going into voluntary administration impacting its 24 locations. Australia is a really tough operating environment for restaurant chains, and even more challenging for late to market entrants. Globally, second and third-tier players face huge obstacles in the hamburger, fried chicken, pizza, and coffee categories. Brands like KFC and McDonald's started overseas expansion 50 years ago and built strong foundations, which were followed later by Pizza Hut, Domino's, and Starbucks. The only viable solution is to find a positioning that is sustainable and not in direct competition with the giants! MOS Burger, Kyochon Chicken, Jollibee, Kopi Kenangan, and Mega Coffee, are a few that come to mind. https://lnkd.in/g8Xnv9R9

Chain restaurant bankruptcies are reportedly at their highest level since the pandemic. Among the most recent examples is the casual dining franchise TGI Friday’s, one of more than a dozen high-profile eateries to seek bankruptcy protection between January and October of this year, Bloomberg News reported Thursday (Dec. 5), citing BankruptcyData. #grow🌱 #agribusiness #supplychain #trade #usa🇺🇸 #markets #commodities #restaurants🍽️ #bankruptcy #interestrates✂️ #consumers #demand #downturn