Latest news with #QuickService
Yahoo
2 days ago
- Business
- Yahoo
Blueprint For Success: 3 Top Things To Know Before Opening A Franchise Restaurant
If you've ever wanted to be your boss and start a business, becoming a franchisee within the Quick Service Restaurant (QSR) industry might be right for you. With customers increasingly focused on value, compelling menu items, and convenience, QSR franchises are poised for growth in 2025, according to industry data. Wendy's shares three key things to keep in mind if you've ever thought about opening your restaurant. More than 204,000 QSR franchise-operated locations are projected to open this year alone. That's an increase of 2.2%, according to the International Franchise Association's 2025 Franchising Economic Outlook. What's driving the opportunity? Consumers are becoming increasingly selective in their spending, prioritizing perceived value and personalization over discounted prices. According to the IFA, QSRs and fast-casual brands offering superior quality-to-price ratios are expected to outperform in 2025, maintaining their appeal to cost-conscious consumers. Aspiring QSR franchise operators have numerous choices when deciding to grow within the industry, including evaluating brand potential, location availability, building type, and incentives as part of an overall business opportunity. Industry experts advise exploring all options to find the right growth opportunity for each entrepreneur, including the brand itself, as well as considering rural versus urban locations and analyzing the benefits of different restaurant asset types, whether opening traditional standalone locations or non-traditional locations, such as airports or travel centers. Several restaurant brands also offer incentives such as build-to-suit mechanisms, which can reduce the upfront cost of opening a restaurant. Mike Zak, a 30-year veteran franchise operator and president of Wenzak, a Wendy's franchise organization, shares some advice to consider when opening a QSR: The Menu: Does the menu include craveable items? Is the brand innovating and providing exceptional customer experiences to build repeat visits? Is it delivering relevant value? Do the teams ensure fresh, hot food every visit to keep customers coming back? Restaurant Design: Good restaurant design sets the stage for better returns. Designs should feature a simplified construction process that reduces capital expenditure and operating costs. In the digital age, the brand must offer designs that include streamlined ordering, increased digital capacity and dedicated mobile pickup and delivery windows. It's also essential to have a fresh, clean-looking design that employees love to work in and customers love to visit. Technology: Does the brand lead through innovation to help restaurant operators deliver a quick and seamless experience to customers? Voice AI in the drive-thru, combined with a user-friendly app, can elevate and help the crew focus on providing fast, friendly services and customer experiences. For aspiring entrepreneurs looking to benefit from industry growth, Zak provides some final advice: 'Being a QSR operator is a high-contact sport and requires the right coach to keep your team scoring big wins with strong returns on your investment. It's important to evaluate the team's performance today and understand the playbook for future success.' This is not an offer to sell or the solicitation of an offer to buy a franchise. It is for information purposes only. This story was produced by The Wendy's Company and reviewed and distributed by Stacker. RELATED CONTENT: The Enduring Fire: Revisiting Malcolm X's Vision For Black Liberation On What Would Have Been His 100th Birthday
New Indian Express
01-05-2025
- Business
- New Indian Express
OYO to enter QSR space, expects F&B to contribute 5%-10% additional revenue
MUMBAI: Travel tech company OYO is entering into the good & beverage (F&B) business with in-house kitchens and Quick Service Restaurant (QSR) carts/lobby stores at its company-serviced hotels with a focus on Townhouse by OYO branded hotels. OYO is expecting F&B to contribute 5%-10% additional revenue at the hotel level on a stable state basis. As part of this program, OYO said it will cover 1500 of their company-serviced hotels in FY26, providing guests with access to in-house kitchen services. These kitchens will allow guests to order meals seamlessly via online platforms, including OTAs and the OYO app, by selecting the "Kitchen Services" option. In addition to in-house kitchens, OYO said it is also introducing QSR carts and lobby stores under the brand name 'Townhouse Cafe' offering ready-to-eat food options. The menu, as per Oyo, will focus on well-priced meals including regional cuisine and continental food options. To test the concept, OYO launched a pilot program since January this year across 100 company-serviced hotels in select cities such as Delhi, Gurgaon, Hyderabad and Bangalore. Varun Jain, Chief Operating Officer, OYO said "The initiative aims to enhance the in-hotel dining experience for guests by offering fresh, convenient, and quality meal options across its network. To support this, OYO is developing a network of trusted F&B experts in key cities such as Delhi, Mumbai, Bangalore, Hyderabad, Pune, Indore, Kolkata, Jaipur, and Lucknow".
Zawya
23-03-2025
- Business
- Zawya
Intelmatix launches EDIX Advisor
Riyadh – Intelmatix, a deep-tech AI company headquartered in Riyadh with offices in London and Boston, has announced the development of the initial version of the 'Advisor,' an interactive AI-powered system that transforms institutional decision-making by providing recommendations after analyzing complex business scenarios. This innovation enhances enterprises' ability to make informed decisions and develop AI-driven strategies. Building on Intelmatix's leadership in decision intelligence and generative AI, the 'Advisor' represents a breakthrough in AI-powered decision-making. This launch comes at a time of increasing reliance on AI-driven analytics and intelligence, with studies indicating that AI-assisted decision-making can improve efficiency by up to 50% across multiple industries. The 'Advisor' seamlessly integrates with Intelmatix's Enterprise Decision Intelligence Platform (EDIX), serving as an AI Agent Orchestrator that coordinates AI agents and applications within the platform. This provides enterprises with unprecedented capabilities in decision-making and equips them to navigate complex future challenges. When posed with a question, the 'Advisor' begins by deeply analyzing it, clearly identifying objectives and constraints using Generative AI (GenAI) capabilities. It then reframes the question within a precise analytical framework, breaking it down into actionable components. Next, a suite of specialized AI agents within the EDIX platform is activated, each assigned to process a specific aspect of the query. Finally, the system consolidates the recommendations into a comprehensive strategy, highlighting key areas for improvement. The capabilities of the 'Advisor' can be illustrated through a real-world example involving a Quick Service Restaurant (QSR) chain. A business user within the company poses a question to the 'Advisor,' which immediately analyzes the inputs and identifies key areas for optimization, such as sales, pricing, raw material costs, and workforce expenses. The 'Advisor' then activates specialized Decision Intelligence Agents within the EDIX platform—marketing and pricing agents focus on boosting sales, while inventory and HR agents work on cost reduction. The platform also aggregates data from internal enterprise systems and external sources to create a digital twin of the company, enabling actionable recommendations. Once approved by the company's decision-makers, these recommendations are executed automatically, seamlessly integrating with Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), and Workforce Management Systems, leading to measurable financial performance improvements. Dr. Anas Alfaris, CEO of Intelmatix, stated: "With the 'Advisor,' we are bringing the future into reality and making Decision Intelligence accessible to all enterprises. The 'Advisor' acts as a true consultant—always ready to analyze your business data, optimize performance, and suggest the best strategies.' -Ends- About Intelmatix: Intelmatix is a leading artificial intelligence and deep-tech company with operations in Riyadh, London, and Boston. By leveraging AI and Decision Intelligence, Intelmatix enables enterprises to overcome challenges, make faster and more accurate decisions, and achieve superior outcomes. The company has a proven track record of delivering AI-powered solutions and transformative impacts across various sectors, including retail, logistics, the public sector, and industry. For more information, please visit Media Contact: Dr. Ahmed Alabdulkarim Chief Technology Officer ahmad@
