The Bungalow Club is what I would call the prototype for a successful neighborhood restaurant. It’s located at 43rd and Lake Street just before you cross over the bridge to St. Paul and occupies the place previously known for a number of years as The Craftsman Club. They have taken the existing space and used […]

I have been very confused by the high valuations certain QSR concepts are obtaining on sale. After working in the restaurant and franchise marketplace for almost 40 years, I have seldom seen EBITDA multiples this high. There was a significant uptick during the securitization years of the ‘90s, but to see the kind of multiples […]

Centro in Northeast Minneapolis may call itself fast casual. It may even check off all the boxes for what consumers are looking for in that style restaurant, but it’s the Cinderella at the fast-casual ball. It has scratch Mexican food—including some of the best ceviche and guacamole I’ve tasted—a hipster atmosphere, and a full bar […]