Millennial spending on restaurants is driving rapid change in the food-and-beverage industry. A new survey from CBRE reports four emerging trends that will significantly impact the real estate for foo-and-beverage operators, both in retail and industrial. The survey predicts that neighborhoods on the edge of the urban core will become food and beverage hotspots; the growth of single-person households will drive more spending on restaurants; spending on restaurants and groceries will outpace soft goods in the next five years; and, finally, millennial spending on food and beverage will exceed all other generations in the next 10 years. Read more.
Don’t Lose Easy Money: The Quick Way to Make Sure You’re Mobile Friendly and Maximize Restaurant Sales
Follow this quick and simple guide to check if you’re mobile friendly and make sure easy revenue isn’t slipping through your fingers. Are you sure that your website is mobile friendly to meet the demands of the majority of your customers? It might surprise you how often restaurant websites don’t cut the mustard for mobile users. Bottom line, if you’re not mobile friendly, you’re losing money.
Restaurant marketing experts say “Many of our restaurant owning customers are often shocked to find out that thousands of potential customers turned away from their website because they couldn’t easily read it on mobile. If you want to make sure you’re maximizing restaurant revenue opportunities, this should absolutely be the first thing you take care of.” Read more.
It seems that all anyone in the restaurant industry can talk about these days is off-premises dining. From mobile-powered delivery to kiosk-driven takeout and all of the other increasingly accessible food occasions outside the four walls, off-premises is revolutionizing how guests interact with food businesses—and how those businesses design their customer experiences.
But off-premises is old hat for quick serves. After all, it’s technically been a key strategy for the industry for generations in the form of the drive thru. Most major quick serves report about 70 percent of their sales going out the drive-thru window, and that expertise gives them a leg up when it comes to staffing, packaging, expediency, and all of the other systems necessary for running a robust off-premises dining program. Read more.
Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week, which recognizes the critical contributions of America’s entrepreneurs and small business owners.
More than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year.
Learn more at SBA.gov/NSBW
As seen in the recent post, ‘Women in Business: Is Franchising in Your Future?’, the number of female business owners is growing in terms of sheer numbers and the rate of ownership growth. Many of those business owners are women, attracted to the name recognition, support and networking that franchising offers. Read more.