Thursday, August 10, 2006

Now that's a lot of sauce!

Several masked people this week entered a Taco Bell restaurant and left six 40-gallon trash bags filled with apparently stolen sauce packets, Marion police said.

The bags, which contained 25,000 sauce packets, were accompanied with an apologetic note that said the packets were stolen over a three-year period.

The note's author wrote that the group felt guilty and decided to return the packets, police said.

Wednesday, August 09, 2006

Fast Casual Dining Segment Shows Explosive Growth

With a projected outlook of over $11 billion in sales from leading chains for the year, fast casual dining is serving up strong growth within the restaurant industry. A recent Mintel report estimates that total U.S. system wide sales of leading fast casual chains doubled in the last five years, and the future continues to look bright for the category. The category has been able to successfully blend the quality of family casual with the convenience of fast food, appealing primarily to adults.

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Tuesday, August 08, 2006

Special Analysis: What is the Average Unit Volume (AUV) of tomorrow’s leading companies?

Special Anaylsis from Restaurant Chains.net

We queried the www.restaurantchains.net database to see how many companies in our database universe have between 10 and 30 stores. We wanted to see what average unit volumes were the most popular amongst tomorrow’s winners. We discovered a total of 680 restaurant chain companies* that fell within the range.

Check out the following chart and accompanying graph displaying the popularity of AUV's of tomorrow’s leaders:

AUV (in $millions) Total # of units %
1-.5 74 10.8
.6-1 245 36
1.1-1.5 88 12.9
1.51-2 81 11.9
2.1-2.5 57 8.4
2.51-3 69 10.2
3.1-3.5 31 4.5
3.51-4 15 2.2
4.1-4.5 7 1
4.51-5 11 1.6
5.1-5.5 2 0.3

The largest group with nearly 50% of locations have less than $1 million AUV per year. 23% of companies have between $2-3 million AUV. Less than 10% have an AUV of more than $3 million.

Conclusion: Large restaurants with big check averages have faded in popularity. Today’s latest breed of operators are choosing to open restaurants that offer fast service, smaller locations and with a lower per person check average.

* For purposes of the study we divided the companies by $.5 million AUV ranges.

Thursday, August 03, 2006

Krystal Co. seeks buyers for restaurant chain

The Krystal Co., the oldest fast-food chain in the South and the second oldest in the U.S., is trying to find a buyer for the restaurant company.


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Tips caught up in minimum wage debate!

Tip money earned by waitresses in Las Vegas, manicurists in Hollywood and bartenders in Seattle is on the table in the nation's capital, as lawmakers scrap over an election-year minimum wage bill.

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