The pizzeria's third location is set to open by the end of the year.
Birmingham Business Journal’s Post
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Follow the link below to view the article. ‘THE RIGHT FIT’ The Main Cup owners to retire, selling restaurant to Hootch and Banter owners
‘THE RIGHT FIT’
fredericknewspost-md.newsmemory.com
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They say startup businesses are too risky to finance, even more so for the restaurant industry, and construction financing is supposed to be on extremely aggressive terms…but I beg to differ. We’re a 45-year old nonprofit community based financial intuition. Main Street Launch offers loans up to $350,000 to startup and existing businesses that can’t qualify for more conventional sources of financing (e.g. banks, equity-backed firms, rich friends, family, or fools, etc). Our loans are fully amortized up to 10-years with competitive rates that can be used for a wide variety of business purposes… Berkeley is now home to “one swanky pizza lounge.” three.one four (aka 3.14 aka pie aka pizza) took over the historic Lalime space in the Gilman District. If you’re in the neighborhood, go support a small business while indulging on what’s anticipated to be one of the best pizzas in the bay, and tell ‘em I sent you. Do you know any other entrepreneurs looking to start or expand their small business but having issues accessing capital?? I’m here and have been for 14 years helping these exact kinds of businesses…pass on the good word.
Congratulations to our client three.one four in Berkeley! Darius Mahajer, SVP - Senior Relationship Manager, worked with them as they pushed through many challenges over the last year to finally open up their new "swanky pizza lounge" on Gilman Street. Read more about their journey and be sure to visit them for some excellent pizza and refreshments! https://lnkd.in/g4SJ644r
Glamorous ‘pizza lounge’ opens in Berkeley
sfchronicle.com
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Cocktail Bar and Restaurant Group, The Alchemist, to Open New Sites Following £15m Loan from OakNorth OakNorth, the digital bank has provided a £15m loan to creative cocktail bar and restaurant group, The Alchemist, to support the roll-out of new sites and refinance existing debt. Founded in Manchester in 2010, the group has successfully scaled to 23 sites across 12 major cities, including six in London, three in Manchester, and three across Scotland, in addition to opening its first overseas site in Berlin last year. With its London Victoria site opening in February 2024, the business’ reputation for mastering the dark arts and “molecular mixology” has won it numerous industry awards, including most recently, ‘Best Drinks Offer’ at the 2023 Publicans Awards. The business has been backed by leading private equity firm, Palatine, since 2015, which focusses on investing in mid-market businesses through its Buyout and Impact Funds. Headquartered in Manchester and with offices in London and Birmingham, Palatine has built strong relationships with entrepreneurs across various industries, such as consumer and leisure, financial services, health and education, and technology. Simon Potts, CEO of The Alchemist, commented: “Despite the well-known challenges facing the hospitality sector, we take pride in our unwavering commitment of growing our brand across the UK. Looking ahead, we have ambitions to roll-out 10 new sites over the next three years, with the funding from OakNorth being a key catalyst for this. This was our first-time working closely with OakNorth after being aware of its reputation for backing experienced and innovative bar and restaurant operators. Stewart and his team lived up to this reputation, providing a level of flexibility and transparency that was simply not offered by other lenders. With this capital, we will be able to open additional sites and continue bringing our unique cocktail bar and restaurants to more areas of the UK and overseas.” Stewart Haworth, Director of Debt Finance at OakNorth, added: “The Alchemist is a perfect example of the creativity that’s currently on offer by the UK’s top bar and restaurant operators. The group has built-up a highly impressive reputation, with the management team delivering an experiential and theatrical food and drink offer across all day parts, in an array of locations, as they plotted their expansion here in the UK and abroad. With the pub and bar industry set for significant growth over the next five years, driven by a rising demand for craft spirits[1], the group is in a prime position to capitalise on this, and we look forward to visiting the new sites in the future.” Read More:
Cocktail Bar and Restaurant Group, The Alchemist, to Open New Sites Following £15m Loan from OakNorth
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Restaurant | Business for Sale | Bendigo Vic CLOGS PIZZA & RESTAURANT BENDIGO This Business is an Icon of the Hospitality Industry In Bendigo. It has been established for 49 years and is still going strong. This is a rare opportunity to purchase a long established Pizza & Restaurant Business with High Sales and High Margins producing excellent Net Profits to the Owner for a very Reasonable Purchase Price. Note: Freehold Also Available For Seperate Sale Price. The Business is very well fitted out and seats 180 persons in a top location looking out to the Conservatory Gardens in Pall Mall, Bendigo which is the " Eat Street " of Bendigo. It is very well known to Bendigo Locals and Visitors alike as a " Go To " Hospitality Venue. The Layout of the Business Features a seperate Pizza Preparation Area at the front of the premises, with seperate Kitchens for Food Preparation and A La Carte Service, and a seperate Full Service Bar. The Business has very large Pizza Sales in both Take Away and Home Delivery, together with large In House Sales of Pizzas, Pasta & limited A La Carte Plated Meals. This is a High Sales Business with High Margins and thus resultant High Profitability. Therefore the Required Purchase Price is considered to be very reasonable for the acquisition of such a long established and iconic business in this large and growing Regional City. View more details: https://lnkd.in/gev5Kt-j #businessforsale #businessopportunity #businessownership #buyabusiness #sellingabusiness #smallbusinessideas #businessbrokers
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Here's the latest on V Pizza®, Sidecar Jax and 14 Prime, the new name for V Steakhouse, which are coming to The Palms at Gate Parkway. #restaurants #pizza #steakhouse #lounge #businessnews #readitherefirst #subscribe
V Pizza, Sidecar Jax and the newly named 14 Prime steakhouse approved for build-out along Gate Parkway | Jax Daily Record
jaxdailyrecord.com
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Long post, but hear me out folks: Recently, I was contacted by a local tv station inquiring about a handful of restaurant closures - mostly chains and a few locally owned. I provided some insights to provide full context and assure their viewers that the Lafayette economy - and our retail sector - remains strong. I’d like to ensure the full context of my remarks make it to the public since tv segments are comprised of only short sound bites. 1) For starters, Lafayette has experienced record breaking sales tax collections - reaching $7.7 billion cumulative by NOV 2023, on track to reach or exceed 2022’s record breaking $8.2 billion total. 2) The restaurant sector is especially tough terrain because of tight margins - and it’s even harder at a time when supply costs are high, labor costs are up, and labor supply is also tight! Also, national chains are constantly scanning their portfolios to eliminate underperforming stores, older facilities. 3) Lafayette has a very high number of restaurants per capita and a healthy number of LOCAL restaurants (https://lnkd.in/gbi5Ss-N) - a GOOD thing for the consumer, but it makes competition pretty fierce. 4) The collective impact of restaurants in Lafayette is solid - thousands of jobs and on average 40-cents on the dollar remains here in the local economy. 5) For these reasons LEDA invests in programs like Shop Local campaigns to encourage people to shop and dine at local establishments! 6) But, we are grateful for investments from retailers and restaurants both locally owned and nationally owned chains! We have a robust balance of local and nationally owned chain eateries and we LIKE IT that way! 7) While some outlets like to talk about closures, we keep those in mind and on the radar to make certain it isn’t the start of a trend; however, we also choose to look at the glass half full. Below are some of the eateries that have recently decided to open or expand in Lafayette, LA: Five Mile Eatery 🔺 Parc de Oaks 🔺 Ton’s Downtown 🔺 Parish Biscuit Co. 🔺 Rocket87 🔺 BJ’s Pizza (a welcomed comeback) 🔺 Soul Haus 🔺 Gather 🔺 Scooter’s Coffee 🔺 Southern Classic Kitchen 🔺 Chimes 🔺 Superior Grill 🔺 Super Chix 🔺 Small Sliders 🔺 Lucia Bakehouse 🔺The Toasted Yolk 🔺 Let’s keep the momentum going Lafayette! 💪 😋 🍽️ 🎉 #ShopLocal Lafayette Economic Development Authority (LEDA) Lafayette Travel
EatLafayette Yearlong Celebration | Restaurants & Cuisine
lafayettetravel.com
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Old School Burger Joint: Hamburger Hamlet was the bomb- old school Rat Pack / Celeb feel, aspiring entertainers on work staff making it more fun, great place for the fam, or a date. Sunset and Westwood were my go to's. New School Burger Joint: Shake Shack, the fastest growing fast casual burger joint, decent burger, ok modern vibe, no wait staff, and now in some locations no counter staff, only kiosks. So no human interaction. So you go there to eat. That's it. Now, from a profitability standpoint, Hamburger Hamlet is long gone, while $SHAK is publicly traded on the NYSE trading over $100 per share. Times change, there is no going back to the past, we can only move forward. We know the restaurant industry is moving toward automation and all the reasons why. And we see it in every industry. But before we get rid of everything, and evolve into a non contact species, there are those of us who still want to live and enjoy life, interact and more. Which is why, at least in these next years, it is my opinion that businesses that can integrate optimal technology with true, real human interaction, will thrive. At the least, it's how I want to live my life. Stony Hill Advisors, Inc. is about face to face, boots on the ground, human interaction. And yes we are using, developing, partnering with, and looking to acquire any tech we can to help us be better for both our own use and our clients.
The lost California burger chain that changed everything
sfgate.com
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As price-conscious Americans cut back on eating out, fast-casual restaurants are bucking the trend and continuing to attract consumers. This is notably the case with buzzy Mediterranean chain CAVA. The eatery has been rapidly expanding its number of locations and plans to offer steak next month — a move that led the company to boost its full-year sales outlook. CAVA expects same-store sales of 6.5% for the year, up from 5% previously estimated. It opened another 14 restaurants last quarter, bringing its total to 323. After a recent opening in Illinois, CAVA is now open in 25 states and Washington, D.C.
CAVA Could Get More Aggressive in New Market Expansion
https://www.qsrmagazine.com
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San Francisco Business Times: New downtown S.F. restaurant openings are outpacing closures, report finds In 2022 and 2023, the downtown area saw a notable increase in food and beverage businesses, with over twice as many openings as closures, based on a survey by the Downtown SF Partnership, which covers 43 blocks across the Financial District and Jackson Square. The report highlights the opening of 22 new businesses against 10 closures, indicating a positive shift towards downtown's appeal for dining and socializing post-pandemic. The survey, informed by two years of data and analytics from Placer.ai, recorded 29 new ground-floor businesses, 22 of which are in the food and beverage sector, including a variety of restaurants, cafes, and specialty food spots. Robbie Silver, the Partnership's Executive Director, expresses optimism for continued growth in dining, hospitality, arts, and culture. The report also details an initiative to transform downtown into a destination, reinforcing its potential as a nightlife hub, with sit-down restaurants and bars making up a significant portion of the area's 138 restaurants. Link to full article: https://lnkd.in/dJT3rpZz #DowntownSF #DowntownSanFrancisco #EconomicDevelopment #EconomicRecovery #Hospitality #Events #Community #PublicRealm
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Scoop: Downtown San Francisco’s restaurant scene is done shrinking. It’s rebuilding. Twice as many restaurants opened as closed in downtown #SanFrancisco in the last two years, as tracked by a new study from the Downtown SF Partnership. #restaurants #bars #foodandbeverage https://lnkd.in/gq9EWqBj?
New downtown S.F. restaurant openings are outpacing closures, report finds - San Francisco Business Times
bizjournals.com
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