It is very important to know the market, clientele and neighborhood you are operating your restaurant, brand.
Restaurant India recently hosted its Mumbai Edition of the Restaurant India Investment & Development Summit where top restaurant, food brands and…
Before you set foot in the kitchen, it's crucial to map out a comprehensive business plan that encompasses various aspects of your venture.…
As more restaurant and F&B companies in India decide to go public, there's a lot of excitement and opportunity for investors.
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Co-branding and cross-selling, which involves partnering with other brands, such as beverage, snack, or dessert brands, to offer complementary…
In the world of food and entertainment, each trend becomes a chapter, and every experience is a brushstroke in the canvas of indulgence and delight.
The experts also believed that this thoughtful adjustment will not only alleviate the financial strain on the industry but also empower businesses to…
The key to flourishing is not just in the quality of food but in the art of personalization. As customers increasingly value experiences tailored to…
There’s no denying that as Ayodhya becomes a focal point for cultural and religious gatherings, restaurant brands will look forward to more veg-only…
To achieve its target of 1,000 stores by 2028 the company will double its workforce to approximately 8,600 partners as it plans to enter Tier 2 and 3…
Overall, the food delivery business for the investment firm grew and it cited growing importance of convenience in people’s daily lives as one of the…
U.S. same store sales increased 2.0% and international same store sales (excluding foreign currency impact) declined 1.8% during the third quarter of…
The Beer Café’s management with Rahul Singh, CEO, and Founder at the helm, will continue to lead the brand’s operations and take the complete…
The Centre and CCPA have contended before the high court that hotels and restaurants were openly flouting the guidelines and collecting service…
The notification also explained that the annual licence fee of L-17 licence will be Rs 5 lakh for restaurants with up to 1,000 sq feet area, Rs 15 lakh for 1,001 to 2,500 sq feet area and Rs 25 lakh for above 2,500 sq feet.
Edelweiss estimates that while the entire food services market plunged 82 percent year-on-year in the first half of FY21, the contraction that organized fast casual chains such as Domino's, Burger King, McDonald's (West & South) reported was restricted to 45 percent; by September recovery was already at 85 percent of pre-covid levels.
F&B businesses have now trimmed down variable costs and menu offerings basis the 80-20 philosophy to increase revenue per square feet and per crew member ratios within their facilities.
According to a report, the Indian food service delivery market is expected to more than double to $13 billion (Rs 93,600 crore) by fiscal 2023.
Higher operational costs derive from saving money on low-cost infrastructure. It takes about six to seven months for a new brand to break even, excluding capital costs.
It's a great concept in a lot of ways, for instance, it takes down the cost of hosting a party or an event down drastically, a lot of times this also means no license is needed, and for the event audience, they don't have to buy unnecessarily expensive booze.
The APAC (Asia Pacific) itself accounts for 63% of the total F&B (Food and Beverage) stores market in the world. The Indian F&B industry accounts for 3% of the GDP and is expected to grow at a CAGR of 16% by 2025 amounting ?10,00,000 crores i.e., 2.5x since ?4,00,000 crores in 2019.
In India, the mystery shopping business is in its infancy but quickly picking up pace. The industry is estimated to be worth around `70 crore and employs over two lakh people on a part-time basis.
The pandemic has encouraged customers to order in which has made the concept of takeaways and driveways become very popular. Utilizing this to full potential, brands also initiated takeaway discounts helping with more orders while also saving us from aggregator margins.
Delhi, Bangalore and Ahmedabad are moving fastest towards normalcy with a 70 percent recovery rate projected to be achieved in this festive quarter, followed by Kolkata, Chennai, Jaipur and Hyderabad with a 55 percent recovery rate.
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