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Friendly’s Will Sell to Investment Group for About the Price of a Brooklyn Brownstone

EATER

Restaurant Business reports that the selling price will fall just under $2 million. Friendly’s boasted more than 500 locations a decade ago, before it first filed for bankruptcy in 2011 ; currently, the chain is down to 130.

Pricing 313
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ChowNow Introduces First-Ever ‘Diner Impact Score’ Feature on Its Marketplace

ChowNow

Since 2011, ChowNow diners have helped restaurants avoid more than $470 million in commission fees, a staggering figure that illustrates just how much a simple ordering decision can ensure a restaurant’s success. The total score is updated every time they place a new order—demonstrating how every meal can add up to a big difference.

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The ChowNow Marketplace: Leading the Commission-Free Movement

ChowNow

In the world of food ordering marketplaces, commission-based pricing and unnecessarily high fees have become the norm. With charges hidden in plain sight such as menu markups, small cart fees or city fees, independent restaurants can lose as much as 30% in profits on any given order.

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Product Mix Analysis Drives Profitability and Revenue

Modern Restaurant Management

Starbucks, for example, uses a pricing strategy to find out how much customers are willing to pay for their products and services by increasing their prices in tiny increments. This required understanding of their customers and other factors such as payment methods, discounts, price-matching, loyalty and rewards programs, etc.

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The Vegan Revolution: Celebrities Behind Vegan Brands

Modern Restaurant Management

As a long-time environmental advocate, in 2011, Cameron went vegan to lower his carbon footprint while also finding that his health improved too. Beyond Meat’s share prices dropped in 2017, which was given a boost by Snoop. The documentary has a fresh take on veganism by considering the effects of eating meat and dairy.

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For Restaurant Owners, Climate Disruptions Mean Even More Uncertainty

EATER

With all the challenges restaurants have faced in the past five years — COVID, inflation, price gouging — the impact of climate change on their supply chains has often been overlooked. They also cause power outages and disrupt transportation and distribution, which increases the price of all goods, including food.

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14 Restaurant Management Tools to Make your Business More Efficient

7 Shifts

You’ll get detailed daily reports on price changes and even price forecasting. You can then use this information to adjust your menu, make purchasing decisions, or change your pricing. For example, Nick Kokonas, a chef at the Alinea Group in Chicago, started experimenting with restaurant CRM solutions in 2011.