Michael L. Atkinson's Blog – November 2007 Archive (10)

Applebee's Sales Drop

Applebee’s Nov. sales drop



With the IHOP Corp. acquisition of Applebee’s International Inc. expected to

close Thursday, the Applebee’s chain reported on Wednesday a

1.6-percent year-to-year drop in systemwide, domestic same-store sales

for November.




NRN reported that surprise, surprise, Applebee's same store sales dropped. If… Continue

Added by Michael L. Atkinson on November 29, 2007 at 7:48am — No Comments

Do Restaurant Managers Work Too Many Hours?

Probably is the short answer. I just had a conversation with the COO of a growing restaurant chain last night about this. I also, coinicidently, was talking with a restaurant manager yesterday about why he was leaving the business. Both answered yes; too many hours.



Mr. COO was worried about training, turnover and the Company's ability to grow and the need for good managers. Mr. Restaurant manager, on the other hand, was just burned out and missed his family. So, why can't the… Continue

Added by Michael L. Atkinson on November 28, 2007 at 5:12pm — 16 Comments

Raising Money For Your Next Restaurant



This is a very interesting topic and one that I hear discussed often. Depending on your perspective, timing, growth strategy, the amount of capital required, type of concept, sensitivity to risk, geography, personal financial situation, unit-level economics, corporate structure, and capital requirements, among other prerequisites, the answer is different. And, so will the answer for each business cases.…

Continue

Added by Michael L. Atkinson on November 23, 2007 at 3:12pm — 2 Comments

The Las Vegas Restaurant Scene is Insane

I just returned from Las Vegas on a quick business trip. Restaurants are so incredible and plentiful that it's nearly impossible to make a decision on where to drink and dine. Is there any room for any more restaurants?



The incredible Las Vegas City Center is coming with an $8 billion price tag as one of the largest privately funded project ever. Of course, it's in Vegas. I was told by an informed source, that there are over 100 new restaurants planned just on The Strip, somewhere,… Continue

Added by Michael L. Atkinson on November 17, 2007 at 6:53pm — 2 Comments

$haring Tips

This post isn't about what you think it's about. It's not about sharing tips with other FOH and BOH employees. It's about sharing tip information, anonymously, with the world. It's about disclosing how much you make on each shift, assuming you are a tipped employee. Don't worry, I am not an agent for the IRS, just curious.



When I was a food server, way back when, I decided where to work based on convenience, the employee group and whom I knew. So I networked. I never blindly applied… Continue

Added by Michael L. Atkinson on November 13, 2007 at 6:40pm — 1 Comment

Danny Meyer

I have been a fan of Danny Meyer for years and love to dine at any one of his restaurants in New York.



Here is an article I cam across that talks about him, his restaurants and his management philosophy.



Danny Meyer on being a restaurant manager, your own boss




















Continue

Added by Michael L. Atkinson on November 12, 2007 at 10:27am — No Comments

Where is the National Sushi Chain?

P.F. Chang's seemingly came out of nowhere years ago to take a leadership position as the first national Chinese restaurant chain. Darden did the same thing years earlier with Olive Garden in the Italian segment. Even before that (now I'm showing my age) Victoria Station in the steak segment. So, I ask, who is it going to be in the Hot Hot Sushi segment.

  • Ra Sushi
  • Nobu…
Continue

Added by Michael L. Atkinson on November 9, 2007 at 12:39pm — 6 Comments

Will the Credit Crunch Affect M&A?

Now this is an interesting question. If so, this affects valuations, which we know have been all over the map, ranging from 5X to 12X...OMG! Remember discount factors? Remember when lack of geographic diversification was a bad idea? Remember the old days when a "rapid unit expansion strategy" was acceptable?



So how bad is it? Are deals getting done? Is Chapman still the big dog and prognosticator of all things M&A? Will GE close its doors to restaurants and finally stop its bait… Continue

Added by Michael L. Atkinson on November 4, 2007 at 5:44pm — No Comments

Do Restaurants Just Lose Steam?

Why is it that some restaurants just keep plugging along; year after year. How can they keep improving and stay fresh, stay relevant and comp year over year? Why is it that some restaurants lose steam, even if they are still relevant and still offer good food and service in a clean, inviting atmosphere?

I was in Campbell, California last night looking for a new dining experience. I found an interesting Mexican fast-casual restaurant that was packed at about 7:30 PM. It was brightly…

Continue

Added by Michael L. Atkinson on November 3, 2007 at 10:31am — No Comments

Connecting with the Restaurant World

FohBoh shrinks the world and enables global access to resources.

Your favorite wine may be from a small town in Washington, or Near Lyon, France...you just don't about it know yet.

You are thinking about your next location in San Francisco, but a broker tells you about a AAA site in San Jose.

You find a supplier in China that reduces your food cost by 1%.

You need a job and find one.

You need a manger and hire one, verifying her background online, with all…

Continue

Added by Michael L. Atkinson on November 2, 2007 at 4:53pm — No Comments

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DEPARTMENTS

Social Wine Club for Craft Wineries

Smartbrief

The Sip

The Sip: Stay up-to-date on the beer, wine and spirits category with original content from SmartBrief -More

New food offerings helped Starbucks boost sales

Baked goods, breakfast sandwiches and the first price increases in nearly four years helped lead Starbucks to a 7% same-store -More

JOBS & CAREERS

Posting a job or finding a job starts here at FohBoh. Call us about special $50 posting packages to syndicate across all major jobs boards.

National News

Ward Whitworth Named President for On The Border Mexican Grill

On The Border Mexican Grill & Cantina, which was recently acquired by Border Holdings, LLC, an affiliate of Argonne Capital Group, today announced the appointment of Ward Whitworth as President of On The Border.

The Melting Pot Targets Houston and El Paso, Texas for Franchise Expansion

Restaurants, Inc. announced today that it is actively seeking franchisees to expand its presence throughout the Lone Star State, naming El Paso and Houston as target markets for future franchise development.

Encore Restaurants Purchases 8 Existing Five Guys Restaurants, Plans to Develop 45 More

Encore Restaurants, LLC, a subsidiary of Dallas-based Encore Enterprises, Inc., has announced the purchase of eight existing Five Guys Burgers and Fries restaurants across central California including Elk Grove, Fresno, Lodi, Natomas, Roseville, Stockton, Tracy, and West Sacramento.

Takeout Orders to Hotels Jumped 125% in Popularity in Last Three Years

For many Americans, hotel room service is considered a travel luxury; however, data from PFK Hospitality Research1 suggests that room service revenues fell 9.5 percent from 2007 to 2012, with some hotels shuttering unprofitable operations altogether.

National Restaurant Association Praises House and Senate Commerce Committee Passage of Travel Promotion Act

Yesterday the National Restaurant Association (NRA) praised the House passage and Senate Commerce Committee markup of the Travel Promotion, Enhancement and Modernization Act of 2014. The bipartisan legislation reauthorizes Brand USA, the nation’s first global marketing campaign, to promote the United States as a destination for international travelers.

CROWD FUNDING

If you are looking for capital to start or grow your restaurant, create the next 501c3, develop and launch the next app for the restaurant industry,or want to help your peers in some meaningful way, we want to know about it.

TED TALKS VIDEO

TED: Ze Frank: Are you human? - Ze Frank (2014)

Have you ever wondered: Am I a human being? Ze Frank suggests a series of simple questions that will determine this. Please relax and follow the prompts. Let's begin …

TED: Heather Barnett: What humans can learn from semi-intelligent slime - Heather Barnett (2014)

Inspired by biological design and self-organizing systems, artist Heather Barnett co-creates with physarum polycephalum, a eukaryotic microorganism that lives in cool, moist areas. What can people learn from the semi-intelligent slime mold? Watch this talk to find out.

TED: Shih Chieh Huang: Sculptures that’d be at home in the deep sea - Shih Chieh Huang (2014)

When he was young, artist Shih Chieh Huang loved taking toys apart and perusing the aisles of night markets in Taiwan for unexpected objects. Today, this TED Fellow creates madcap sculptures that seem to have a life of their own—with eyes that blink, tentacles that unfurl and parts that light up like bioluminescent sea creatures.

TED: Nikolai Begg: A tool to fix one of the most dangerous moments in surgery - Nikolai Begg (2013)

Surgeons are required every day to puncture human skin before procedures — with the risk of damaging what's on the other side. In a fascinating talk, find out how mechanical engineer Nikolai Begg is using physics to update an important medical device, called the trocar, and improve one of the most dangerous moments in many common surgeries.

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