‘Repurposed Spaces Offer Three Key Advantages for a Fast-Casual Brand: Cost, Time, and Customers.’
4 Min Read By MRM Staff
With big-box retailers closing up shop, more than 140 million square feet of desirable retail space has become available, presenting the opportunity for restaurants such as fast-casual concepts to expand their businesses.
Modern Restaurant Management (MRM) magazine tapped into Bonside CEO Neha Govindraj for insights into the real estate landscape for fast-casual. The fintech startup focused on providing private credit to brick-and-mortar concepts, at scale has seen a 16-percent growth in revenue year over year on their fast casual concept partners.
What real estate opportunities are you seeing for fast-casual brands and what are the economic factors in the mix that are making them available? In more recent years, there's been a wider adoption of fast-casual concepts. Consumers across the country are interested in the core pillars of fast casual – convenience, pace and optionality – driving new real estate opportunities for expansion. Nowadays, you're just as…
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