Au Bon Pain, a fast-casual baker and café chain recently closed down six locations in Washington D.C. after the company was bought by Panera Bread Company in November of last year. TAGeX Brands has been contracted to handle the restaurant closures and equipment liquidation for all six restaurants in Washington D.C., as well as locations …
Au Bon Pain Contracts TAGeX Brands for Liquidation Read More »
Restaurants are more than just a business. They are places where memories are made — from outings with friends to romantic dinners to family celebrations. They can be places of familiarity and comfort, a part of a life’s routine. When they close, there can be a real sense of loss…. In 2017, Rochester area restaurants closed for a variety …
Rochester, NY: "11 surprising restaurant closings from 2017" Read More »
Wings. Beer. And Arby’s. Fast-food chain Arby’s Restaurant Group said Tuesday it reached a deal to acquire Buffalo Wild Wings, which promotes the slogan “wings, beer, sports” in its advertisements, for $2.4 billion in cash. The deal comes as the casual dining sector is ailing as Americans have rediscovered home meals amid low grocery prices …
Arby’s to acquire Buffalo Wild Wings for $2.4B in restaurant shakeup Read More »
TAGeX Brands on a mission to save restaurants with efficient aftermarket of equipment Rochester, NY – November 8, 2017: Thanks to what many are calling a restaurant recession, restaurant closures and bankruptcies are the highest they have been since 2011, according to New Generation Research. Sales are down and no restaurant is safe; …
Meet the man with a plan to save the restaurant industry Read More »
TAGeX Brands on a mission to save restaurants with efficient aftermarket of equipment Rochester, NY – November 8, 2017: Thanks to what many are calling a restaurant recession, restaurant closures and bankruptcies are the highest they have been since 2011, according to New Generation Research. Sales are down and no restaurant is safe; even huge …
Meet the man with a plan to save the restaurant industry Read More »
PLAINFIELD, Ill. — The way Marcus Mooney saw it, he wasn’t just selling hot dogs — he was selling experiences. In addition to the classics — a cheese dog and a chili dog — his restaurant, Frank’s Night Out, served hot dogs topped with more exotic ingredients, like a “Surf & Turf Dog” featuring crumbles …
Thanks to Wall St., There May Be Too Many Restaurants Read More »
Statistically speaking, if you own a restaurant, you’re probably going out of business soon. 80% of restaurants fail within the first five years, making restaurant closures a fundamental part of being a restaurant owner. It’s not pleasant, but for most, it’s inevitable, which is why it blows our mind that more people don’t have …
Statistically speaking, if you own a restaurant, you’re probably going out of business soon. 80% of restaurants fail within the first five years, making restaurant closures a fundamental part of being a restaurant owner. It’s not pleasant, but for most, it’s inevitable, which is why it blows our mind that more people don’t have a …
Meal-kit options have grown in popularity, but are they cost effective? If you’ve been paying attention to restaurant industry news, you know that restaurant sales and attendance are down, prices are up, and more people are staying at home to cook meals. The weird part is, a lot of these people are using …
This is What You Could Eat for the Price of Blue Apron Read More »
Meal-kit options have grown in popularity, but are they cost effective? If you’ve been paying attention to restaurant industry news, you know that restaurant sales and attendance are down, prices are up, and more people are staying at home to cook meals. The weird part is, a lot of these people are using meal-kit services …
This is What You Could Eat for the Price of Blue Apron Read More »
Six quarters in a row of year-over-year declines. Foot traffic at chain restaurants fell 3% in June year-over-year. Same-store sales fell 1%, the 16th month in a row of year-over-year declines, completing the sixth quarter in a row of sales declines, the longest downturn since 2009. Food sales were down, alcohol sales were …
Reasons Emerge for Worst Chain-Restaurant Slump since 2009 Read More »
So, you’ve decided to close down your restaurant. We understand this isn’t always a fun position to be in, but whatever the situation may be, if you are closing and exiting a facility, there are a number of ways to make sure you’re handling the situation cost-effectively. Here’s a list of mistakes you should …
So, you’ve decided to close down your restaurant. We understand this isn’t always a fun position to be in, but whatever the situation may be, if you are closing and exiting a facility, there are a number of ways to make sure you’re handling the situation cost-effectively. Here’s a list of mistakes you should avoid …
Cherith Valley Gardens ceases operations and auctions everything online at RestaurantEquipment.bid After 24 years of business, the Werner Family has decided to retire! Cherith Valley Gardens is closing their facilities and auctioning everything from their kitchen, offices and warehouse online at www.RestaurantEquipment.bid. The local family-owned jarring and pickling company is known for wholesome ingredients and …
Fort Worth pickling company closes warehouse after 24 years Read More »
Restaurant chains are in trouble. A recent article by Business Insider claims that casual dining chains like Red Robin, Chilis, and Ruby Tuesday are struggling to attract customers. Conveniently, however, it’s not their fault. According to Business Insider, millennials are to blame! It looks like America’s number one scapegoat is stirring the pot again, this …
The Customer is Always Right – Unless it’s a Millennial, Apparently Read More »
CASUAL DINING RESTAURANTS CONTINUE TO CLOSE On Auction Block: Contents from ten (10) closed Ruby Tuesday locations Hundreds of casual dining restaurants have recently announced closures nationwide. Restaurants such as Ruby Tuesday, Applebee’s, Chili’s, TGI Friday’s and many others have witnessed the decline of casual dining. Contents from ten (10) closed Ruby Tuesday restaurants are …
It is difficult to see the political or economic landscape changing in the short to medium term in order to alleviate the increasing cost pressures that restaurants now face. However, if advisers can be approached early enough, then careful pre-planning and an understanding of some of the legal and commercial complexities of this particular business …
Restructuring in the Restaurant Sector: Preserving Business Value Read More »
TAGeX Brands helps businesses deal with facility closures, equipment redeployment, and the liquidation of surplus inventory and other assets.