Posts tagged restaurants
6:28 pm - Sun, Nov 6, 2011
7 notes
Rashmi Raman

Coffee coffee everywhere…..

A report in The New York Times comments on the proliferation of coffee shops in NYC.

Small coffee chains, benefiting from lower retail rents and a seemingly bottomless thirst for high-end coffee even in a weak economy, are seizing the opportunity to expand in New York City.

Sam Lewontin of Everyman Espresso says that coffee shops are in a state of flux. He believes that in the end, there will be mainly two types of coffee shops in NYC. The first kind would sell inexpensive coffee. The second would be like to coffee equivalent of a cocktail bar. These coffee shops would offer experiences like  ”cupping” (think wine tasting but for coffee). 

Coffee could become a luxe item in the next 5 years, he says. And the coffee business needs to figure the next sustainable operating model. 

Till then, enjoy your coffee at your favorite coffee shop. While it is still around.

  • Tagged: foodbiz_nyc food coffee restaurants everyman espresso business nyc
  • 4:38 pm - Sun, Oct 30, 2011
    102 notes
    
Photo reblogged from classifiedhumanity:
July 26th, 1902

The more things change, the more they remain the same. This article could very well be a news item in today’s paper. And to no one’s surprise, it actually is. This article from Crain’s NY Business touches on the same story.
The National Mobilization Against Sweatshops has been running a campaign for ten (yes, ten!) years called Justice Will be Served!  (JWBS!). According to their site -

Chinatown restaurant workers were first instrumental in exposing the existence of sweatshop conditions in the U.S.

JWBS! has had some success with negotiating terms with the owners of the Zen Palate and the Golden Bridge restaurants. 
But the problem still exists. Capital New York looks behind the “bulletproof glass" and reports on the staff at Chinese takeout restaurants in Mott Haven.
So, campaigns like JWBS! will be here for some time….

    Photo reblogged from classifiedhumanity:

    July 26th, 1902

    The more things change, the more they remain the same. This article could very well be a news item in today’s paper. And to no one’s surprise, it actually is. This article from Crain’s NY Business touches on the same story.

    The National Mobilization Against Sweatshops has been running a campaign for ten (yes, ten!) years called Justice Will be Served!  (JWBS!). According to their site -

    Chinatown restaurant workers were first instrumental in exposing the existence of sweatshop conditions in the U.S.

    JWBS! has had some success with negotiating terms with the owners of the Zen Palate and the Golden Bridge restaurants.

    But the problem still exists. Capital New York looks behind the “bulletproof glass" and reports on the staff at Chinese takeout restaurants in Mott Haven.

    So, campaigns like JWBS! will be here for some time….

  • Tagged: foodbiz_nyc food business restaurants nyc chinese unions
  • 7:24 pm - Thu, Sep 29, 2011
    2 notes
    Rashmi Raman

    Will your friendly neighborhood restaurant be around next month?

    The restaurant business is not for the fainthearted.

    First there is the whole idea of starting one. A Google search for "how to start a restaurant business" gives 485,000 results. Sites with names like “www.startarestaurantbiz.com” or “www.how-to-start-a-restaurant.com” provide advice to budding restaurateurs. And while they talk about creative satisfaction and how people like to eat out, they also emphasize heavily on a business plan. This article from Forbes, although 4 years old, still gives an idea of the costs of starting a restaurant.

    At the end of the day, a restaurant is a business. Running it is tough work, says NY restaurateur Bruce Beschel in the New York Times.

    We are losing money. That was expected. But we are losing less than we anticipated and attracting more guests than we imagined. We broke even last week except for the money I owe me. 

     As for restaurants which have been around for a while, they have their work cut out for them. The media have reported several restaurants filing for bankruptcy this year across the US. A weak economy, rising housing prices, cost of labor are some of the reasons cited for the situation.

    Here are a few of the articles published today :

    • 80 year old restaurant chain Friendly’s is filing for Chapter 11 bankruptcy reports the Wall Street Journal. A weak economy and rising prices for food items have contributed to this squeeze.                                             As Shira Ovide puts it -

      We don’t know what’s going on this year with restaurant chains/food companies from our childhood. 

    • Some Papa John’s franchisees in Colorado and Minnesota have declared bankruptcy as per this article on the KRDO site.
    • The St.Louis Today reported that the franchise owner for Chevy’s has asked for his lease to be terminated in St.Charles, Mo.

    The restaurant business is huge - in size, amount of job creation, revenues generated etc. In fact, there are more than 20,000 restaurants in NYC alone. What will be the figure next month - now, there’s some food for thought.

  • Tagged: business food foodbiz_nyc restaurants
  • Twitter