Restaurant Takeover Guy

Journey: Corp Finance, Operator, Hedge Fund, I-Bank, PE/Operator. Hate Royalties. DMs Open

[Restaurant Takeover Guy @SameStoreGuy]

Here is how to buy a restaurant with $0

A thread 🧵
#SMB #restaurants

[Restaurant Takeover Guy @SameStoreGuy]

@McFranchisee I spent yesterday walking the floor. It was unreal how many companies names were followed by AI. About 1% actually had something to do with AI

[Restaurant Takeover Guy @SameStoreGuy]

Summary from National Restaurant association conference:

1) everyone is working on dirty soda syrups
2) every vendor booth has AI in their name
3) kitchen robots are coming, but they are still slow and buggy

[Restaurant Takeover Guy @SameStoreGuy]

It’s wild that this post is spreading so much. These Pizza Hut classics have been back for probably at least 7-10 years. Part of the problem is the bad pizza is still here. Still using frozen dough and low quality ingredients

[New York Post @nypost]

Pizza Hut brings back its old-school restaurant features as nostalgic customers rejoice: 'So excited' https://t.co/PC5Qp1C7vO

[Restaurant Takeover Guy @SameStoreGuy]

@McFranchisee has me thinking about other vendors to kick out of the restaurant. Curious since he launders his own towels (always thought this made sense) … do you spray for bugs/pests or wash your own windows? What equipment do you service yourself vs. farming out? Any other common ones to bring in house?

[Restaurant Takeover Guy @SameStoreGuy]

@J__Perc @jonathanmaze @McFranchisee Love that perspective

[Restaurant Takeover Guy @SameStoreGuy]

Does anyone have any good data on whether restaurant rewards actually drive higher sales?

I know most restaurants claim visits are higher with rewards members, but I question whether that is correlation or causation.

@jonathanmaze or @McFranchisee ?

[Restaurant Takeover Guy @SameStoreGuy]

@McFranchisee The test would have to happen in drastically different regions of the country

[Restaurant Takeover Guy @SameStoreGuy]

@McFranchisee @AguacateParaHoy @jonathanmaze This is so crazy and awesome! McDonalds should just sell Pokemon and socks!

[Restaurant Takeover Guy @SameStoreGuy]

@resellerrowe @jonathanmaze @McFranchisee What do you mean by segments?

[Restaurant Takeover Guy @SameStoreGuy]

@pottersquash @McFranchisee Link?

[Restaurant Takeover Guy @SameStoreGuy]

Thanks. My issue is that I have seen the former data, but I’m skeptical.

If the typical rewards customer is like me, I join rewards for places that I already visit a lot (because why not)

If I’m not a heavy user, I don’t join rewards. I don’t want the extra app, etc for non-frequent use …

[Restaurant Takeover Guy @SameStoreGuy]

@davidhenkes Has anyone considered that we aren’t interpreting his predictions correctly? Small possibility he is 60% right 🤔

[Restaurant Takeover Guy @SameStoreGuy]

@davidhenkes @jonathanmaze It was a mistake, but it was also horrible execution.

[Restaurant Takeover Guy @SameStoreGuy]

@McFranchisee 🤣 more time running a brand than tweeting these days :)

[Restaurant Takeover Guy @SameStoreGuy]

@nagrani14 @jonathanmaze Agree with that, but they couldn’t possibly do worse than PH corp has done the last 25 years

[Restaurant Takeover Guy @SameStoreGuy]

@jonathanmaze @nagrani14 His balance sheet and current units makes him the only one with a chance to turn things around.

[Restaurant Takeover Guy @SameStoreGuy]

@nagrani14 @jonathanmaze Doesn’t or hasn’t are two different things.