Neal Sherman: "Restaurants Close!"
It's easy to get caught up in the exciting and glamorous world of restaurants. In his presentation at the Restaurant Finance and Development conference in Las Vegas, Neal Sherman brings us all down to earth regarding the often-overlooked state of our industry.
Restaurants are closing at an alarming rate. TAGeX Brands has closed 1,000+ restaurants in the past year alone with no signs of slowing down. Radical change is needed for restaurants to stay afloat, which is why the used equipment market has become an increasingly popular avenue for restaurant operators to save money.
We save restaurant operators more than 60% on restaurant equipment through our aftermarket sales channels and provide them the opportunity to put their equipment back into circulation in the event of their restaurant closing. With a more efficient distribution of resources amongst restaurants in the US, we're hoping to keep more of them in business.