This provides a crucial opportunity for restaurants to increase the average order value. It’s important to understand the upselling meaning here as it’s a useful marketing tactic. Customers won’t feel the need to make up their minds and order quickly. They also won’t be as hesitant ...
Of restaurants that closed for good in 2020, the majority were well-established businesses and fixtures in their communities. These operators had been in business, on average, for 16 years, and 16% of them had been open for at least 30 years. Additional data on these businesses include: The...
Of restaurants that closed for good in 2020, the majority were well-established businesses and fixtures in their communities. These operators had been in business, on average, for 16 years, and 16% of them had been open for at least 30 years. Additional data on these busin...
This article outlines the latest data on average P/S ratios across various industries in 2025. Price to sales ratio or P/S ratio The price-to-sales ratio (P/S) is computed by dividing a company’s market capitalization (number of outstanding shares multiplied by the share price) by its ...
According to a 2024 study, the average American eats out five to six times a week. Throughout 2024,restaurant menu priceshave increased by 4%, higher than the grocer's inflation rate. The disparity in pricing between the two primary suppliers of food to consumers is often viewed as a signi...
The restaurant industry never stops evolving. Changes in how people live and work, changes in disposable income, and changes in customer expectations drive constant development. Technology is another factor. Technology for restaurants, fromchatbotsand booking technology to dedicated phone apps, is also...
Presently, however, Vietnam's F&B industry is recovering from the pandemic, which has globally impacted restaurants, cafes, and bars and daily consumption due to restrictions on public movement and open gatherings as well as temporary fiscal restraint shown by man...
Aaron is channeling her sadness over the state of the restaurant industry into action, and into jewelry, in a program called “Take a Seat for Restaurants.”Known for her innovative methods of jewelry making and selling, she’s applying her vending machine jewelry concept to a cha...
The manufacturers or entrepreneurs in the boba tea industry are venturing into the launch of their own restaurants/cafes to attract consumers and fortify their market presence. For instance, in September 2020, Chen Shucheng started a new bubble milk tea franchise in Singapore called Meme Xpress. ...
Valuations for M&A restaurant deals were close to historical averages (over the previous ten years). In terms of EV/EBITDA, there was an 8% increase in the multiple compared to 2016 (some large deals with hefty valuations took place this year, such as the acquisitions of Panera Bread and ...