Why restaurants are adding retail and vice versa

It’s not uncommon for restaurants to have some kind of retail component, but in the past these retail endeavors offered products related to the restaurant, such as sauces or frozen pizzas, or items leveraging the restaurant’s name—T-shirts and mugs. Restaurants that come to mind in our marketplace are Famous Dave’s, Green Mill, Hell’s Kitchen. Major . . .

A New Type of Marriage: Restaurants and Retail

It’s not uncommon for restaurants to have a retail component. Normally these retail endeavors offer products related to the restaurant, such as sauces or frozen pizzas, or items leveraging the restaurant’s name. A more recent trend I’ve seen is for a restaurant to be part of a broader retail environment. Ralph Lauren has had high-end . . .

ESOPs and Restaurant Businesses

While many businesses have taken advantage of Employee Stock Ownership Plans (ESOPs) for employee incentives and buyouts, there are very few to be implemented in the restaurant industry. They have been deemed difficult to implement, and administer because of the high-level of employee turnover and part-time workers. However, ESOPs can be a great tool for . . .