How can a business owner tell when it’s time to sell and move on? A growing number of franchisees are calling it quits, a business broker recently told Restaurant Finance Monitor. Hit hard by rising labor costs and declining customer traffic, “a lot of guys … are throwing in the towel,” the broker said. Some […]

The action at many fast-food restaurants has shifted to the parking lot. Drive-thru customers and third-party delivery drivers arriving and leaving in a rush have increased parking-lot traffic and congestion.

The path to family business succession is strewn with failures. About 70% of founder-run businesses fail or are sold, rather than continuing under the leadership of a second-generation family member. Poor communication and planning are a major cause.