Almost 50% of restaurant owners use their extra revenue for equipment purchases or repairs. Equipment like ovens, freezers, microwaves, electric grills, and mixers are essential to any restaurant. For the restaurant to keep making money and run smoothly, these tools must always be in great shape. However, there are several expenses that come with operating …
Maximizing Value With Quality Used Restaurant Equipment Read More »
Did you know that the four main types of commercial real estate are office spaces, industrial spaces, multifamily rentals, and retail spaces? If you are planning on putting your commercial space for sale, it is important to understand that every type of commercial real estate will require sellers to make use of different selling strategies. This will …
Putting up a Commercial Space for Sale: Tips for Success Read More »
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More restaurants are looking at used and refurbished fryers and coolers amid shipping delays and to save on the cost to buildout. By Jonathan Maze | Nov. 17, 2021 Whenever his company, Fransmart, starts working with an upstart restaurant chain, one of the first phone calls CEO Dan Rowe makes is to Neal Sherman. Sherman …
As the Supply Chain Slows, Demand for Aftermarket Equipment Takes Off Read More »
COVID-19 IMPACTS RESTAURANT INDUSTRY: LIQUIDATION OF GARDEN FRESH The Nation’s Largest Restaurant Bankruptcy National: Garden Fresh one of the nation’s largest restaurant chains operating as Souplantation and Fresh Tomato is liquidating all assets under a Chapter 7 Bankruptcy. The chain, which employed thousands, was a popular place to dine with self-service food bars, was not …
GARDEN FRESH LIQUIDATION (ALL LOCATIONS, ALL ASSETS) Read More »
Listen on Restaurant Business Join Neal Sherman, president and founder of TAGeX Brands, on “A Deeper Dive” with Jonathan Maze and Restaurant Business Magazine. Neal and Jonathan discuss insights into the pandemic and its impact on restaurants, as well as the specifics of the equipment market and how to save money during this challenging time.
THE STATE OF THE FULL-SERVICE RESTAURANT INDUSTRY THERE ARE NO SHORTAGES OF CHALLENGES AHEAD. BUT YOU’RE NOT IN THIS ALONE. APRIL 2019 DANNY KLEIN – FRS MAGAZINE Running a restaurant is such a personal journey that, oftentimes, operators gloss over one of their greatest resources. If you’re struggling, chances are someone else is, too. Some of …
With the recent boom of technological advances in the restaurant industry, innovations like online ordering and delivery have made Ghost Kitchens a reality. A ghost kitchen is a professional food preparation and cooking facility set up for the preparation of delivery-only meals. It contains the kitchen equipment and facilities needed for the preparation of restaurant meals but …
Ghost Kitchens of the Future are the Opposite of Dead Read More »
The popularity of cannabis in the US has skyrocketed in the past few years. Many states have decriminalized the drug and others have even legalized it recreationally. This has opened many new opportunities in the world of business, entertainment, and hospitality. Innovative chefs have begun offering cannabis-based items on the menu. Early adopters of this …
Restaurateurs Across the Nation Are Taking the Term “Munchies” to a Whole New Level Read More »
Chick-fil-A has been in and out of the news a lot in the past few months. Whether it is about their new openings across the nation, their “unbeatable” chicken Sandwich, or their competition with Popeyes, a unit of Restaurant Brands International, they have made many waves lately in the fast food industry. I’m sure most …
The holidays are well and truly here. That means it’s time for an early Christmas present in the form of December marketing ideas for restaurants to help see you through to the end of the calendar year. The best time to properly prepare for the holidays was in August or September. That’s the best …
Fuddruckers abruptly closed their Bay Street Emeryville location last Sunday, October 13. The Burger establishment was among the last first generation of food tenants at the shopping center that opened 17 years ago. In addition, Buckhorn grill closed leaving the upper level of the center with a single eating establishment – California Pizza Kitchen. The …
That’s right… the auction is now live at RestaurantEquipment.Bid! The auction will feature over 495 lots of the restaurant’s fixtures, lighting, and most importantly, other memorabilia and decor. The biggest and probably the most iconic piece featured in the auction will be the famous Spaghetti Warehouse trolley. All pieces, the trolley included, will start at …
That’s right… the auction is now live at RestaurantEquipment.Bid! The auction will feature over 495 lots of the restaurant’s fixtures, lighting, and most importantly, other memorabilia and decor. The biggest and probably the most iconic piece featured in the auction will be the famous Spaghetti Warehouse trolley. All pieces, the trolley included, will start …
LOUISVILLE, KY – Market Street is taking two hits to its restaurant stock this month. Wild Rita’s, the Mexican concept from the Wild Eggs chain at 445 E. Market St., announced on Facebook that it will serve its last dinner on Saturday. Our restaurant has really enjoyed serving the Louisville area for the …
ROCKY RIVER, Ohio – Michael’s Restaurant in Rocky River is closing after 42 years in business. “For 42 years I’ve been in the same location,” owner Michael Petrakis said. “It’s crazy.” The restaurant, which Petrakis leased at 19797 Detroit Road in Rocky River, will close at 9 p.m. Sunday, June 2. Gift-card redemption …
Television personality Scott Conant’s Masso Osteria closes after a short run in Las Vegas on May 31. The Italian restaurant opened last February at Red Rock Resort with the Chopped judge’s favorite comfort foods including his must-eat pasta al pomodoro, spaghetti in a tomato and basil sauce with just the right amount of butter and …
Television personality Scott Conant’s Masso Osteria closes after a short run in Las Vegas on May 31. The Italian restaurant opened last February at Red Rock Resort with the Chopped judge’s favorite comfort foods including his must-eat pasta al pomodoro, spaghetti in a tomato and basil sauce with just the right amount of butter …
Kaya, a Market Street restaurant partnership between chefs Nigel Jones (of Oakland’s Kingston 11) and Daniel Patterson’s Alta Group, has closed. The restaurant announced the news on its website, thanking customers for their patronage over the last year-and-a-half of business. Kaya replaced the original location of Patterson’s Alta restaurant, breathing fresh life into the space …
SAN DIEGO (KGTV) – A pair of recent restaurant closures are highlighting some of the struggles owners are facing as the industry grapples with major shifts in the way it does business. Last month, Brooklyn Girl in Mission Hills and Urban Solace in North Park both closed their doors. Facebook posts thanked long-time customers but …
Restaurant closures highlight industry struggles in San Diego Read More »
New Orleans Saints quarterback Drew Brees has put more money in the restaurant business with an investment in Smalls Sliders, a new fast-food burger joint. Smalls, according to a press release, will be “focusing exclusively on craveable, premium slider burgers as the main dish.” All meals will be cooked to order in an open …
New Orleans Saints quarterback Drew Brees has put more money in the restaurant business with an investment in Smalls Sliders, a new fast-food burger joint. Smalls, according to a press release, will be “focusing exclusively on craveable, premium slider burgers as the main dish.” All meals will be cooked to order in an open kitchen. …
FARMHOUSE TO TABLE “If you wonder where I am, you can be pretty certain you’ll find me at the restaurant,” said Nathan (Nate) Peitso, with a rueful laugh. If you’d asked him a few years ago he might have said “at the farm,” because that’s been the family business: Kenter Canyon Farms and Maggie’s Farm. …
For the first time since 2005, there is a Golden Corral in Central New York. A line of hungry diners filled the winding queue and even spilled outside as they waited to enter the restaurant, which after nearly three years of talks, opened for business today. This was not franchise owner Niral Patel’s first grand …
If you’re looking for effective content marketing tip to increase your restaurant’s revenues and expand its online presence, chances are you’ve realized that traditional marketing is becoming increasingly ineffective. A restaurant’s site without a blog, for example, is a rarity today because more and more businesses produce content to attract additional attention and engage their …
Proven Restaurant Content Marketing Tips to Attract More Customers Read More »
Quite often you’ve probably come across a good restaurant marketing idea, but put it in the too-hard-basket; it cost way too much money, and you couldn’t be sure the juice would be worth the squeeze. Well here we take a look at Three marketing ideas that won’t break the bank, and will easily increase your …
Effective Marketing Ideas That Won’t Break the Bank Read More »
Carrols Restaurant Group Inc., already the largest U.S. Burger King franchisee, has agreed to buy 166 more Burger King units and 55 Popeyes Louisiana Kitchen restaurants in a $238 million merger deal with Cambridge Franchise Holdings LLC, the companies said Wednesday. Syracuse, N.Y.-based Carrols’s proposed deal with Cambridge of Memphis, Tenn., would …
Carrols to acquire 221 Burger King, Popeyes units Read More »
Restaurant Brands International (NYSE: QSR) reported its 4th quarter and full year results on February 12, 2019 before the market opened. As per the numbers in the early release, comparable sales are up 0.6% in Tim Hortons, 2% in Burger King, and 1.6% in Popeyes Louisiana Kitchen for the Fiscal Year 2018. For Quarter 4 …
Could new management lead to further growth for Restaurant Brands International? Read More »
The next five years for delivery will look a little different than delivery’s early days. Right now, the delivery market also is still in a novelty stage, where customers are paying for the experience, Scott said. As customers move into the stage of knowing that this is something that they want, they’re going to start …
How the delivery market will look different in 5 years Read More »
We’ve all noticed it: Restaurants are always getting more and more expensive. A high-end dinner for two can easily add up to over $100, even without second drinks or dessert. Bottles of wine that retail for $15 are going by the glass for that price or more. Understandably, guests are increasingly frustrated. In response to …
“Flippy”—the world’s first burger flipping robot—launched March at a Caliburger restaurant in California. Capable of grilling 150 burgers per hour, the robot was praised for being cost-effective, efficient and able to safely and consistently prepare food for the restaurant’s guests. The robot was designed to take orders through a digital ticketing system, then automatically flip …
Tech Talk: Should restaurants replace humans with technology? Read More »
“Flippy”—the world’s first burger flipping robot—launched March at a Caliburger restaurant in California. Capable of grilling 150 burgers per hour, the robot was praised for being cost-effective, efficient and able to safely and consistently prepare food for the restaurant’s guests. The robot was designed to take orders through a digital ticketing system, then automatically flip …
Tech Talk: Should restaurants replace humans with technology? Read More »
Pro tip to anybody reading this thinking about starting a new restaurant chain: don’t. Find another business. Buy the franchise rights to a group of legacy chains that have proven themselves over many years (but don’t borrow too much to do it). Invest in something else. But whatever you do, don’t consider another restaurant …
Restaurants in major markets across the country are struggling to adjust to labor shortages, pay increased health care costs, absorb rising food costs and steep rents, and deal with the expectations of today’s consumers. Some are downsizing, and Others are turning to delivery apps to grow revenue. Some are just shutting their doors. Consumer interest …
Are you thinking about opening that restaurant you’ve dreamed about owning for years? Good for you. We won’t go into the industry’s failure rate, the hours you can expect to work, or the labor shortage that looms larger than ever—you’ve undoubtedly heard the negative news more than once. What we will do is let …
The inevitable happens all the time in Las Vegas; another restaurant or bar closes. Some come as no surprise. Others break the hearts of fans. Here, a look back at some of the saddest restaurant closings of 2018. Spago Wolfgang Puck pulled up stakes at the Forum Shops at Caesars to make the …
Major Restaurant Closings in Las Vegas During 2018 Read More »
The inevitable happens all the time in Las Vegas; another restaurant or bar closes. Some come as no surprise. Others break the hearts of fans. Here, a look back at some of the saddest restaurant closings of 2018. Spago Wolfgang Puck pulled up stakes at the Forum Shops at Caesars to make the move to …
Major Restaurant Closings in Las Vegas During 2018 Read More »
The restaurant business isn’t an easy one. Good food and service are just the start. Success needs good management, affordable rent, not too much competition and good word of mouth. Many restaurants get only a few years in the game, some even open and close in the same year. Others last it out for decades. The …
Cincinnati Restaurants that didn't make it to 2019 Read More »
Rent-A-Center, a rent-to-own furniture and electronics company, is liquidating twenty-one (21) service locations. The contents are currently being auctioned online by Advanced Auction Company an affiliate of TAGeX Brands. Bidding starts at $1.00 with no reserves. Rent-A-Center engaged TAGeX Brands to support the project. “Rent-A-Center is a fantastic company taking a green and sustainability path …
It’s never fun when a restaurant closes, and 2018 brought some particularly painful casualties. Diners are officially an endangered species, and the affordable neighborhood restaurant is flailing, too. Then there were the endless rent hikes — many restaurants hit the 10-year mark this year, and simply could not survive their landlord’s new asking price. …
It’s never fun when a restaurant closes, and 2018 brought some particularly painful casualties. Diners are officially an endangered species, and the affordable neighborhood restaurant is flailing, too. Then there were the endless rent hikes — many restaurants hit the 10-year mark this year, and simply could not survive their landlord’s new asking price. Iconic …
It’s not going to get much easier for the restaurant industry. After facing stagnant sales and weak customer traffic in 2018, U.S. restaurants will encounter more headwinds next year, including rising food and wage costs, that may stall profit and hinder efforts to jump start growth. Here’s a look at issues — …
5 Issues Coming in 2019 for U.S. Chain Restaurants Read More »
According to MSN, The war against disposable plastic is on the march. At this point, companies, cities, and even countries have expressed their desire to do away with the scourge of single-use straws and other wasteful items. Now, another US city with a strong eco-friendly reputation is joining the plastic straw pushback, albeit a little …
One City is Dishing out a Fine up to $500 to Restaurants for Using Plastic Utensils Read More »
As Dunkin’ continues its brand evolution, the coffee chain has also revitalized its beverage offerings with a line of bolder espresso drinks debuting Nov. 19. Over the next several months, the coffee chain will introduce an affogato — espresso poured over sister brand Baskin-Robbins’ ice cream — as well as a white chocolate latte …
According to Nation’s Restaurant News, FoodFirst Global Restaurants Inc. is relocating its global headquarters to Florida and renaming its two core brands Brio Tuscan Grille and Bravo Cucina Italiana. Brio is now Brio Italian Mediterranean and Bravo is Bravo Fresh Italian. CEO Brad Blum, an investor in FoodFirst, said the renaming reflects how strongly …
Parent Company of Brio and Bravo Restaurants Moves Headquarters to Orlando Read More »
According to Nation’s Restaurant News, FoodFirst Global Restaurants Inc. is relocating its global headquarters to Florida and renaming its two core brands Brio Tuscan Grille and Bravo Cucina Italiana. Brio is now Brio Italian Mediterranean and Bravo is Bravo Fresh Italian. CEO Brad Blum, an investor in FoodFirst, said the renaming reflects how strongly the …
Parent Company of Brio and Bravo Restaurants Moves Headquarters to Orlando Read More »
According to Food Newsfeed, a Denver-based chain Snooze, food waste reduction is a multipronged effort. There is only one trash bin in each kitchen with multiple compost bins posted at each workstation. Chefs use the remnants after they’ve cut away perfect circles for chilaquiles, which are served up to employees at one of the company’s …
According to Eater Los Angeles, after opening Majordomo as his first LA restaurant in January 2018, Ugly Delicious host David Chang will debut his lauded Momofuku Noodle Bar in West Hollywood along La Cienega Boulevard some time in 2019. Though the Momofuku empire has dozens of restaurants spread across North America and even …
David Chang Set to Open a Momofuku in Los Angeles Read More »
TAGeX Brands has been helping businesses for over 30 years and it is unfortunate to witness the unpredictable rise and fall within the restaurant industry. Make sure to keep these ideas in mind when opening a new restaurant to give yourself the best chance of success! Location is Key When starting a restaurant, one of …
It’s been two months since we last listed local bar-and-restaurant closures. In that time, 14 more places have said their goodbyes — and we’ll say farewell to beloved Seattle classic Phnom Penh at the end of May. It sounds like a lot of loss… But consider this: During this same time frame, nine new …
14 Seattle restaurant closures – and time left to say goodbye to an all-time favorite Read More »
TAGeX Brands helps businesses deal with facility closures, equipment redeployment, and the liquidation of surplus inventory and other assets.