For Quick Service Restaurant (QSR) owners, things didn’t look so good in 2020. Now, over halfway through 2022, QSRs are shaking and baking while many industries continue to struggle. Through the pandemic, QSRs were clearly essential as drive through lines wound through neighborhood streets. With hungry mouths to feed, successful operators take pride in filling a need and working tirelessly to offer the food and convenience consumers crave. (Read More...)
Renowned Chef Terry Craig and his wife Laura opened their first Jalapeño Inferno restaurant in Scottsdale in 1999 and have grown to be one of the valley’s most respected and recognized names for high quality, authentic Mexican food. When the established entrepreneurs sought to expand into a new market area, Terry reached out to Ascentium Capital for help. (Read More...)
In March of 2020, restaurant sales plummeted after in-person dining was severely restricted. Fast forward a few weeks, and a new trend emerged illustrated by long drive-thru lines wrapped around fast-food locations, drive-thru lanes became the superstar, helping fast-food chains' sales rebound faster than those of full-service restaurants. In 2020, drive-thru visits grew by 27% in the third quarter and represented 44% of off-premises orders across the restaurant industry, according to the NPD Group. The drive-thru has evolved into the centerpiece of the fast-food industry. QSR businesses have been eager and wise to employ strategies that leverage this advantage as consumers flock to drive-thru lanes. (Read More...)
When was the last time you stopped into your local bakery or patisserie and thought about anything but the coffee you crave or the incredible scents of the sweets on display? There’s a lot of expensive machinery that goes into running a high-end bakery from coffee and cappuccino makers to commercial grade ovens and mixers and other specialty equipment. With this expensive equipment, and the cost of potential replacements or expansion upgrades, a baker could get burnt without the right lender. (Read More...)
