Restaurant Franchising
Franchising in a Recovery
Submitted by jordan melnick on Tue, 12/15/2009 - 23:53
One year since the economic collapse brought restaurant growth to a standstill, some quick serves have started to see signs of recovery.
The burst of the housing bubble last September, which sent the world economy crashing, made expansion nearly impossible. Businesses stopped investing and banks stopped lending. The fallout at Sandella’s Flatbread Café was typical.
“The pipeline didn’t just stop getting filled,” says CEO Mike Stimola. “The whole thing basically flew apart.”
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