Foodservice IP in The News
Read on here: https://www.businessinsider.com/tgi-fridays-closes-restaurants-list-locations-2024-1
“Inflation has broken the levy wall of low prices at QSRs,” said the restaurant consultant Tim Powell, referencing the industry term for “quick-service restaurants.”
According to industry consultant Tim Powell, principal of Foodservice IP in Chicago. “Effectively, the c-store gets traffic for its store and receives rent from the QSR,” he said.
Tim Powell still remembers when he was younger and a Starbucks finally opened near his hometown in Ohio. “We were so happy. We were like I didn’t care it was like 30 minutes.”
Restaurant consultant Tim Powell said Chipotle is likely getting a boost in traffic from Gen Zers and millennials, who like to support brands that share their same ethos.