With their fancy marquees and constant all-you-can-eat flash sales, it’s tempting to think that franchising a restaurant chain is a guaranteed financial success, whether it’s McDonald’s or Hardee’s or even Planet Hollywood. However, this isn’t always the case. According to DoorDash, the average restaurant profit margin is only between zero and 15%, though most fall…
BANGKOK (AP) — Hooters, the U.S.-based restaurant chain known for chicken wings and “Hooters Girls” skimpy wait-staff outfits, has filed for bankruptcy protection. HOA Restaurant Group filed the motion for Chapter 11 protection Monday in the North Texas Bankruptcy Court in Dallas. The company ran into financial woes as its debts mounted, but it says…
Fogo de Chão outside sign and awning – Youngvet/Getty Images The steakhouse dining experience in the United States had become quite standardized before Fogo de Chão arrived in 1997 to offer something truly new and unique. A Brazilian steakhouse serving steakhouse favorites in the churrasco style, the South American chain expanded into the U.S. with…
Fourteen people have fallen ill with food poisoning in Hong Kong after eating a festive dish from restaurant chain Cafe de Coral. The Centre for Health Protection said on Tuesday the cluster involved six men and eight women aged between 18 and 23. They ate poon choi from Cafe de Coral for dinner in a…