#restaurant-industry

#restaurant-industry

"On average, independent restaurants make 3-5% profit margins, and that's on good days," McBride says. "You are getting into this business because you truly believe in hospitality."

Under the Employment (Allocation of Tips) Act 2023, 100% of service charges collected in a venue must be shared among workers in a fair and transparent way, and employees have the right to know how tips are allocated and distributed.

Every Friday from 11am to 5 pm, customers can order off the Taco Love menu and pay anywhere from $0 up to $10. When a customer pays the full price of $10, TATO will give a free meal to someone in need in The City.

Spending data indicates that, despite consumers' belief that they are dining out less to save money, restaurant spending per household actually increased 2.1% between March and June.

Rubio's Coastal Grill has faced significant decline since 2017, filing for Chapter 11 bankruptcy twice, with a challenging economic environment impacting its operations in California.

The challenge of opening an Indian restaurant outside India is to balance authenticity and broad appeal, navigating a path between genuine flavors and business profitability.

The Four Horsemen has carved out a niche in Brooklyn’s competitive dining scene with its focus on natural wines and a welcoming atmosphere, appealing to both customers and staff alike.

Panera Bread requires developers to commit to opening approximately 15 cafés in six years, reflecting an aggressive schedule demanding substantial financial and operational commitment.

The House plan lets workers deduct all reported tips from their taxable income, while the Senate version sets limits of $18,500 for individuals or $25,000 for joint filers.

The difference between those who succeed and those who don't often comes down to how they handle this criticism and whether they can stay focused on their vision.

The closing of Gale Street Inn is being used by critics of Mayor Brandon Johnson to argue that getting rid of the tipped minimum wage is detrimental to the restaurant industry.

Your competitive advantage isn't just what you think makes your restaurant special-it's what your target customers believe makes you irreplaceable in their lives.

The daunting reality of the restaurant industry means many establishments, particularly non-chain ones, operate on borrowed time, making each visit potentially your last.

By developing signature sauces that transform existing ingredients, chefs are creating new, craveable dishes without completely overhauling their inventory or kitchen operations.

I couldn't have an entrée over $9... this was a situation where tight restrictions bred ingenuity, as his work caught the eye of a critic.

"There were seasons in the past where we definitely needed to bring in outside input. We needed voices. We needed new ideas," says Canlis.

Gordon Ramsay's culinary career includes extensive television appearances and a successful restaurant empire, generating $500 million in global sales in 2024.

TATO's 'Taco Love' special features a two taco plate with sides and allows customers to pay what they can, supporting the community amid restaurant struggles.

Noodles & Company has reported a loss of $9.1 million in Q1 2025, leading to the closure of up to 21 locations, amidst ongoing challenges in the restaurant industry.

According to the complex case, the alleged misappropriation was part of a wider pattern of fiscal wrongdoing by Maple & Ash co-owner Jerald Lasky, his brother James Lasky and by companies controlled by them.