DOCSLIB.ORG

Restaurant Sector Update Winter 2021

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Restaurant Sector Update Winter 2021 Food and Beverage M&A Landscape Winter 2019 Restaurant Sector Update Winter 2021 RestaurantRestaurant Sector Sector Update Update | Winter | Winter 2021 2021 KEY Executive Summary INFORMATION The U.S. restaurant industry was one of the most severely affected sectors by the global pandemic. Certain fundamental shifts in the restaurant sector leading up to the pandemic further exacerbated the impact of the government-mandated response. An oversaturated restaurant market, changing consumer preferences emphasizing convenience or experience and a noticeable decline in Median QSR and fast casual sector millennials visiting full-service restaurants, contributed to negative traffic SSS outperformed industry by 23% trends before the pandemic. For the two years prior to the pandemic, traffic declined by an average of 2.2% each month. Operators were forced to compensate with price increases, which largely offset the negative traffic. The resurgence in global equities—including restaurant stocks which are up 80% from April lows—has partially masked the continued pain points being felt on the ground across a large part of the sector. Restaurant publicly traded equities Government-mandated lockdowns beginning in March led to massive continue to recover, up 80% from declines in same-store sales for all concepts, especially those without the pandemic-driven lows robust off-premise infrastructures. Drive-thru capabilities, innovative off- premise solutions, and warmer weather helped fuel a rebound leading into the summer. However, the December resurgence of new COVID-19 cases and accompanying restrictions, as well as the cooling weather in Northern states, drove further setbacks in same-store sales moving into 2021. Nearly 4M industry jobs recovered Concepts that were already struggling with large traffic declines pre- since employment bottomed in pandemic and those that recently took on leverage to fuel growth were April 2020, before retreating slightly particularly disadvantaged when government-mandated closures were in December initiated. Many of these concepts, unable to negotiate a plan with incumbent lenders, filed for Chapter 11 protection. As a result, more than 30 restaurant chains filed bankruptcy in 2020, a fivefold increase over the prior year. Capacity restrictions have been Despite the challenges endured over the past year, some positive signs reinstated across much of the U.S., point to a more favorable 2021. Operators spent the better part of 2020 including 10 that have completely shifting to off-premise capable business models with a reduced labor force, closed in-restaurant dining helping to salvage profitability margins despite lower volumes. Significant liquidity in the markets, combined with operators’ realization that size and scale has become more important to survival, will likely continue to drive consolidation throughout the industry. Source: Nation’s Restaurant News, Black Box Intelligence report, and Capital IQ 2 Duff &Duff Phelps & Phelps Restaurant Sector Update | Winter 2021 2020—At a Glance The recovery in food service employment tapered in early fall and The year of chicken—dozens of concepts joined the chicken turned negative in December as new capacity restrictions set in sandwich craze with innovative chicken dishes suited to their and colder weather limited outdoor dining. particular menu focus. (Employment in millions) 12.2 12.2 12.3 11.7 10.2 10.2 9.7 9.8 10.0 9.8 9.2 Iris’ Comeback Buffalo Chicken Chicken Hot 7.7 Nashville Chicken Chicken Sandwich Sandwich Sliders & Waffle Chick’n 6.2 King's Hawaiian Nashville Hot Baja Hot Spicy Fi’ed Chicken Crispy Chicken Chicken Sandwich Chicken Taco Sandwich Sandwich 12/1/2019 3/1/2020 6/1/2020 9/1/2020 12/1/2020 Same-store sales suffered across concept type, with the largest Many states reinstated capacity restrictions as the COVID case post-pandemic declines in the family, casual and fine dining count increased, with many states restricted to 50% or less of sectors. normal capacity. Fast Casual Upscale Family Fine QSR Casual Dining Dining Dining Dining 7.8% 3.7% 4.9% 8.0% 3.4% 11.9% (1.1%) (9.3%) Legend (21.3%) (27.6%) (30.0%) (32.6%) None: (34.5%) 0-25%: Hi 26-50%: (51.0%) 51-75%: (72.8%) 2020 SSS 100%: (78.2%) Dependent on city/county: (83.7%) Lo (88.7%) 3 Sources: Nation’s Restaurant News, Restaurant Business Online, Federal Reserve Bank of St. Louis Duff & Phelps Note: All trademarks, trade names, or logos referenced herein are the property of their respective owners Restaurant Sector Update | Winter 2021 Restaurant Public Equities Fast casual, quick service and coffee concepts have handily Despite falling 5% more than the S&P 500, the S&P restaurant outperformed the broader S&P restaurant index during both the 3- index roared back in 2020 to nearly match the return of the broader and 5-year periods. index. 181.6% 3 yr Return 181.6% 20.0% 16.3% 5 yr Return 143.3% 146.9% 133.7% 125.2% 143.3% 146.9% 133.7%114.3% 125.2% 104.6% 10.0% 15.5% 114.3% 85.1% 104.6% 5 yr S&P Restaurant Index Return = 88.5% 85.1% 53.8% 0.0% 37.0% 53.8% 3 yr S&P Restaurant Index Return = 52.1% 37.0% (10.0%) 0.5% 0.5% (20.0%) (25.4%) (21.0%) (40.1%) (25.4%) (21.0%) (40.1%) (30.0%) (30.7%) Mass Specialty Polished Fine Fast Quick Coffee and (40.0%) (35.7%) CasualMass SpecialtyCasual PolishedCasual DiningFine CasualFast ServiceQuick CoffeeBakery and Casual Casual Casual Dining Casual Service Bakery S&P 500 S&P Restaurant Index Certain concepts lost favor with investors in 2020, driving double Quick service and coffee concepts outperform other restaurant digit price declines, particularly in mass casual and family dining sectors’ return on assets, some by two to three times. chains that could not react quickly to the COVID-19 environment. 3 yr Average Return on Assets 9.2% 9.3% (23.7%) J. Alexander's 6.0% (25.3%) Dave & Buster's Entertainment 5.4% 5.4% Median: 5.4% 4.5% (26.2%) Denny's 3.3% (30.6%) Dine Brands Global (41.8%) Red Robin Gourmet Burgers Mass Specialty Polished Fine Fast Quick Coffee & Casual Casual Casual Dining Casual Service Bakery 5 Duff & Phelps Source: Capital IQ Restaurant Sector Update | Winter 2021 Special Purpose Acquisition Companies (SPACs) Over 240 blank-check companies went public in 2020, raising more than $83B—more than six times the prior year—in a continued acceleration of SPAC formation that began in 2016. The restaurant sector was not left out of the SPAC trend, with several IPOs focused on identifying acquisitions throughout the hospitality and restaurant sectors and the successful consummation of BurgerFi by Opes Acquisition. SELECT MANAGEMENT EXPERIENCE Debuted: August 2020 Size: $200M Focus: Hospitality & Restaurants Deployment announced on (NasdaqGM:BFI) 2/1/2021 for $6.6B acquisition of Landry’s/Golden Nugget 2011 100+ $1.5M Founded Locations AUV $0.6–$1.0M 82% $236M Initial Investment Franchised Market Cap Debuted: October 2020 Size: $240M Focus: Hospitality & BurgerFi Stock Price Performance Restaurants (or related technology) $16.50 900,000 $15.71 $16.00 800,000 $15.50 700,000 600,000 $15.00 500,000 $14.50 $13.69 400,000 $14.00 300,000 $13.50 200,000 $13.00 100,000 Debuted: August 2020 $12.50 0 12/17/20 12/22/20 12/28/20 12/31/20 Size: $300M Volume Share Price Focus: Hospitality, Consumer, & Entertainment 6 Sources: Nation’s Restaurant News, Merger Market, Capital IQ, Publicly available market data Duff & Phelps Note: All trademarks, trade names, or logos referenced herein are the property of their respective owners Restaurant Sector Update | Winter 2021 Increasing Importance of Adequate Liquidity NET DEBT LEVERAGE CURRENT LIQUIDITY ($ in millions) Revolver drawdowns, debt placements and decreasing profitability drove net $2,917.0 debt leverage ratios higher compared to 2019, causing concern among lenders and investors as to the sustainability of some restaurants. $1,527.3 LTM 2020 $663.0 Deterioration in debt leverage levels were 7.7x particularly noticeable in concepts that don’t $643.8 lend themselves to off-premise channels. $605.8 4.8x 4.4x 3.9x $534.3 2.5x 1.2x 0.9x $528.6 Mass Specialty Polished Fine Fast Quick Coffee & $411.2 Casual Casual Casual Dining Casual Service Bakery $307.7 LTM 2019 $255.4 4.5x $253.1 2.8x $175.0 1.7x 1.4x 1.6x 0.8x 0.6x $155.0 Mass Specialty Polished Fine Fast Quick Coffee & Casual Casual Casual Dining Casual Service Bakery $26.6 $17.2 7 Sources: Capital IQ, Publicly available market data Duff & Phelps Note: All trademarks, trade names, or logos referenced herein are the property of their respective owners Restaurant Sector Update | Winter 2021 Uptick in Restaurant Bankruptcies A wave of restaurants filed for bankruptcy protection throughout 2020, with many citing the unprecedented pandemic-related difficulties—in particular, operating restrictions—as the primary reason for filing. January 2020 January 2020 February 2020 March 2020 April 2020 April 2020 May 2020 June 2020 July 2020 August 2020 August 2020 September 2020 November 2020 November 2020 Restaurant bankruptcies likely peaked in Q3 2020, as 11 the second PPP round, vaccine distribution, and 9 reopening economies will reduce the strain felt across 7 the industry. 5 2 2 1 1 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Sources: Capital IQ, Merger Market, and publicly-available industry data Note: All trademarks, trade names, or logos referenced herein are the property of their respective owners 9 Duff & Phelps Restaurant Sector Update | Winter 2021 $659B Rescue Program In March 2020, the U.S.
Load more

Recommended publications
  • Same-Store Sales Discussion 1 a 0.8% Increase
    RESTAURANT INDUSTRY COMMENTARY Inside This Issue QSR: The QSR segment extended its streak of positive year- over-year (“YOY”) SSS growth to eight consecutive quarters with Same-Store Sales Discussion 1 a 0.8% increase. Mexican concepts led the segment for the 12th Same-Store Sales Data 2 straight quarter with 2.0% growth, largely due to another strong Franchisor vs. Franchisee: How Much 4 quarter from Taco Bell (+4.0%). Chicken concepts lagged the segment with a 0.1% decline, driven by a 2.6% decrease for Development is Enough? Pollo Tropical, partially offset by 2.0% growth for KFC, its 12th Impact of Institutional Investors 5 consecutive quarter of growth. Domino’s (+3.9%) delivered on Franchised Restaurants another strong quarter in Q1, but its growth is showing signs of slowing. The sandwich (+1.6%) and coffee/snack (+0.8%) Published: August 2019 segments posted modest growth led by industry leaders McDonald’s (+4.5%) and Starbucks (+4.0%), respectively. Same-Store Sales Discussion Fast Casual: Results for fast casual concepts were polarized in Restaurant industry same-store sales (“SSS”) increased for the Q1, with strong performance for Chipotle (+9.9%), Shake Shack sixth straight quarter in Q1 2019 following six consecutive (+3.6%) and Noodles & Company (+3.0%), and substantial quarters of SSS declines. Of the 59 companies we follow, 37, or losses for Fuddruckers (-5.3%), Potbelly (-4.7%) and Pie Five (- 71%, generated SSS growth. 4.4%). On average, sales were slightly positive (+0.6%) for the segment. As shown in the figure below, long-term performance, measured over 3-, 5- and 10-year periods, has been most Family Dining: Family dining extended its positive streak of YOY consistent in QSR.
    [Show full text]
  • A Roundup of Noteworthy Foodservice Findings for the Week of Dec. 7, 2020 ECONOMIC IMPACT NAVIGATOR
    Industry Insights A roundup of noteworthy foodservice findings for the week of Dec. 7, 2020 ECONOMIC IMPACT NAVIGATOR WHEN CONSUMERS WILL FEEL COMFORTABLE Comfort With Dine-in DINING ON-PREMISE 3% 1 to 4 weeks Service Will Remain 10% 1% 1 to 2 months Low 3% 7% The majority of consumers (54%) This time line to return to on-premise 3 to 4 months indicate that they won’t feel comfortable dining is extending, and uncertainty is 8% dining indoors for at least six months, increasing overall compared to August, and a quarter (24%) are unsure when when only an average of 20% 11% 4 to 6 months they will feel comfortable. expressed uncertainty around returning 10% to on-premise dining. However, with a The comfort level of dining indoors is vaccine on the horizon, we may see surely tied to the explosion of COVID- 26% expectations solidify, but that is unlikely 6 months to 1 year 19 cases and associated risks with 21% to shrink the time frame significantly. spending time indoors, while comfort with outdoor dining may also factor in 28% More than a year cooler weather and a distaste for the 17% outdoor dining experience, which is reflected in a higher level of uncertainty 24% around returning to outdoor dining I don’t know compared to indoor dining. 29% Indoors Outdoors Base: 505 (indoors) and 543 (outdoor) consumers who aren’t currently dining on-premise Source: Technomic Economic Impact Navigator Program, survey from Nov. 4-7, 2020 © 2020 Technomic, Inc. 2 IGNITE COMPANY TOTAL U.S. FOODSERVICE INDUSTRY Industry Sales ANNUAL NOMINAL SALES CHANGE (%) Forecasted to Fall 3.7% 3.9% Over 26% in 2020 Due to the severe and prolonged Additional forecasting and segment- impact of the COVID-19 pandemic, U.S.
    [Show full text]
  • Pollo Tropical Special Offers
    Pollo Tropical Special Offers Wood usually utilizing diminishingly or roister unthriftily when maudlin Mickie softens low and undoubtedly. Urson still tubbed wanly while herdiamantine creamware. Gregor slows that boneset. Hamish often jaywalk violably when Shavian Thorstein jubilates homonymously and complicate Had to access to your order the purchases on cnbc and special pollo offers may be used at the Try since our fried yuca. Browse the offer special offers. They felt have salads under the category of Salads and Soups. Department of Labor Registered Apprenticeship programs. Breaking News Reporter for the Miami Herald. Pin when i could change. No sweat to amplify our premium marinated chicken wrap and special pollo tropical offers? Fidelity National Information Services, Inc. You get the app store directory tab above discounts for online shopping experience major upgrade to the cash back soon as vice president of future? Grilled chicken breast, topped with mushrooms, chorizo and melted cheese. Thank you type from pollo! New pollo tropical offer cyber monday page and specials from delivery address it will be applied at target mastercard version can especially find the. Side note: provide a seat. Does pollo tropical offers coupons and specials from florida small business credits at town center for you if you locate the control of the mastercard is welcome. With anxiety many online memberships to keep track their, it incredible easy to forget them you signed up keep a career service. Walmart location in panama and offering our offers have it. When it involves Black Friday buying season, sellers will pull down prices on your substantial amount off their existing stock to pursue most affordable price of origin year.
    [Show full text]
  • 2020 Annual Report
    PERFORMANCE FOOD GROUP 2020 ANNUAL REPORT ANNUAL PERFORMANCE FOOD GROUP 2020 12500 West Creek Parkway 2020 ANNUAL REPORT Richmond, Virginia 23238 www.pfgc.com Our Family of Foodservice Distributors DEAR STOCKHOLDER Fiscal 2020 has been an extraordinary 12 months recent acquisitions. The acquisition of Eby-Brown for Performance Food Group (“PFG”). We began contributed an additional $4,223.7 million to the year by announcing the highly complementary net sales, including $909.8 million related to acquisition of Reinhart FoodService L.L.C. excise taxes. (“Reinhart”), closing the transaction on December 30th. I am very pleased with our team’s execution ACQUISITIONS integrating the Reinhart organization. Meanwhile, as the COVID-19 pandemic has Through its history, PFG has been a disciplined and disrupted businesses around the world, our team proven acquirer and 2020 was no different. After has continued to drive results while gaining share announcing the acquisition of Reinhart to start the in our core businesses. I could not be prouder of fiscal year, PFG closed the transaction on December our organization and how it has responded to the 30th. Through the remainder of the year, PFG challenging environment. I would like to thank each welcomed the associates from Reinhart and began of our associates for their outstanding work. a successful integration of the business into the PFG family. This transaction has transformed PFG into OUR FISCAL 2020 one of the largest food distributors in the U.S. with NET SALES = FINANCIAL RESULTS INCLUDE: historical pro-forma net sales of approximately $25.1 BILLION $30 billion. Total case volume growth of 7.6% PFG continued to welcome Eby-Brown into the PFG ■ Foodservice Net sales increased 27.1% to $25.1 billion organization after a successful completion of that ■ Vistar Gross profit improved 14.2% to $2.9 billion transaction in fiscal 2019.
    [Show full text]
  • National Retailer & Restaurant Expansion Guide Spring 2016
    National Retailer & Restaurant Expansion Guide Spring 2016 Retailer Expansion Guide Spring 2016 National Retailer & Restaurant Expansion Guide Spring 2016 >> CLICK BELOW TO JUMP TO SECTION DISCOUNTER/ APPAREL BEAUTY SUPPLIES DOLLAR STORE OFFICE SUPPLIES SPORTING GOODS SUPERMARKET/ ACTIVE BEVERAGES DRUGSTORE PET/FARM GROCERY/ SPORTSWEAR HYPERMARKET CHILDREN’S BOOKS ENTERTAINMENT RESTAURANT BAKERY/BAGELS/ FINANCIAL FAMILY CARDS/GIFTS BREAKFAST/CAFE/ SERVICES DONUTS MEN’S CELLULAR HEALTH/ COFFEE/TEA FITNESS/NUTRITION SHOES CONSIGNMENT/ HOME RELATED FAST FOOD PAWN/THRIFT SPECIALTY CONSUMER FURNITURE/ FOOD/BEVERAGE ELECTRONICS FURNISHINGS SPECIALTY CONVENIENCE STORE/ FAMILY WOMEN’S GAS STATIONS HARDWARE CRAFTS/HOBBIES/ AUTOMOTIVE JEWELRY WITH LIQUOR TOYS BEAUTY SALONS/ DEPARTMENT MISCELLANEOUS SPAS STORE RETAIL 2 Retailer Expansion Guide Spring 2016 APPAREL: ACTIVE SPORTSWEAR 2016 2017 CURRENT PROJECTED PROJECTED MINMUM MAXIMUM RETAILER STORES STORES IN STORES IN SQUARE SQUARE SUMMARY OF EXPANSION 12 MONTHS 12 MONTHS FEET FEET Athleta 46 23 46 4,000 5,000 Nationally Bikini Village 51 2 4 1,400 1,600 Nationally Billabong 29 5 10 2,500 3,500 West Body & beach 10 1 2 1,300 1,800 Nationally Champs Sports 536 1 2 2,500 5,400 Nationally Change of Scandinavia 15 1 2 1,200 1,800 Nationally City Gear 130 15 15 4,000 5,000 Midwest, South D-TOX.com 7 2 4 1,200 1,700 Nationally Empire 8 2 4 8,000 10,000 Nationally Everything But Water 72 2 4 1,000 5,000 Nationally Free People 86 1 2 2,500 3,000 Nationally Fresh Produce Sportswear 37 5 10 2,000 3,000 CA
    [Show full text]
  • FSE Permit Numbers by Address
    ADDRESS FSE NAME FACILITY ID 00 E UNIVERSITY BLVD, FY21, UNIVERSITY OF MARYLAND UMCP - XFINITY CENTER SOUTH CONCOURSE 50891 00 E UNIVERSITY BLVD, FY21, UNIVERSITY OF MARYLAND UMCP - FOOTNOTES 55245 00 E UNIVERSITY BLVD, FY21, UNIVERSITY OF MARYLAND UMCP - XFINITY CENTER EVENT LEVEL STANDS & PRESS P 50888 00 E UNIVERSITY BLVD, FY21, UNIVERSITY OF MARYLAND UMCP - XFINITY CENTER NORTH CONCOURSE 50890 00 E UNIVERSITY BLVD, FY21, UNIVERSITY OF MARYLAND UMCP - XFINITY PLAZA LEVEL 50892 1 BETHESDA METRO CTR, -, BETHESDA HYATT REGENCY BETHESDA 53242 1 BETHESDA METRO CTR, 000, BETHESDA BROWN BAG 66933 1 BETHESDA METRO CTR, 000, BETHESDA STARBUCKS COFFEE COMPANY 66506 1 BETHESDA METRO CTR, BETHESDA MORTON'S THE STEAK HOUSE 50528 1 DISCOVERY PL, SILVER SPRING DELGADOS CAFÉ 64722 1 GRAND CORNER AVE, GAITHERSBURG CORNER BAKERY #120 52127 1 MEDIMMUNE WAY, GAITHERSBURG ASTRAZENECA CAFÉ 66652 1 MEDIMMUNE WAY, GAITHERSBURG FLIK@ASTRAZENECA 66653 1 PRESIDENTIAL DR, FY21, COLLEGE PARK UMCP-UNIVERSITY HOUSE PRESIDENT'S EVENT CTR COMPLEX 57082 1 SCHOOL DR, MCPS COV, GAITHERSBURG FIELDS ROAD ELEMENTARY 54538 10 HIGH ST, BROOKEVILLE SALEM UNITED METHODIST CHURCH 54491 10 UPPER ROCK CIRCLE, ROCKVILLE MOM'S ORGANIC MARKET 65996 10 WATKINS PARK DR, LARGO KENTUCKY FRIED CHICKEN #5296 50348 100 BOARDWALK PL, GAITHERSBURG COPPER CANYON GRILL 55889 100 EDISON PARK DR, GAITHERSBURG WELL BEING CAFÉ 64892 100 LEXINGTON DR, SILVER SPRING SWEET FROG 65889 100 MONUMENT AVE, CD, OXON HILL ROYAL FARMS 66642 100 PARAMOUNT PARK DR, GAITHERSBURG HOT POT HERO 66974 100 TSCHIFFELY
    [Show full text]
  • Restaurant Trends App
    RESTAURANT TRENDS APP For any restaurant, Understanding the competitive landscape of your trade are is key when making location-based real estate and marketing decision. eSite has partnered with Restaurant Trends to develop a quick and easy to use tool, that allows restaurants to analyze how other restaurants in a study trade area of performing. The tool provides users with sales data and other performance indicators. The tool uses Restaurant Trends data which is the only continuous store-level research effort, tracking all major QSR (Quick Service) and FSR (Full Service) restaurant chains. Restaurant Trends has intelligence on over 190,000 stores in over 500 brands in every market in the United States. APP SPECIFICS: • Input: Select a point on the map or input an address, define the trade area in minute or miles (cannot exceed 3 miles or 6 minutes), and the restaurant • Output: List of chains within that category and trade area. List includes chain name, address, annual sales, market index, and national index. Additionally, a map is provided which displays the trade area and location of the chains within the category and trade area PRICE: • Option 1 – Transaction: $300/Report • Option 2 – Subscription: $15,000/License per year with unlimited reporting SAMPLE OUTPUT: CATEGORIES & BRANDS AVAILABLE: Asian Flame Broiler Chicken Wing Zone Asian honeygrow Chicken Wings To Go Asian Pei Wei Chicken Wingstop Asian Teriyaki Madness Chicken Zaxby's Asian Waba Grill Donuts/Bakery Dunkin' Donuts Chicken Big Chic Donuts/Bakery Tim Horton's Chicken
    [Show full text]
  • Download a 27-Page PDF of the 2016
    1966 • NRN celebrates 50 years of industry leadership • 2016 WWW.NRN.COM APRIL 4, 2016 CONSUMER PICKS THE DEFINITIVE ANNUAL RANKING OF TOP RESTAURANT BRANDS, PAGE 10 TM ove. It isn’t a word often used in businesses, but it is a word often used about businesses. Whether a customer loves your brand, loves your menu, loves your servers or loves your culture translates into whether your business will thrive. Love is a word businesses should get comfortable with. The annual Consumer Picks special report from Nation’s Restau- rant News and WD Partners is a measure of restaurant brand success from the eyes of their guests. Surveying customers to the tune of 37,339 ratings, Lincluding specific data points on 10 restaurant brand attributes like Cleanliness, Value, Service and Craveability, Consumer Picks ranks 173 chains on whether or not their guests are feeling the love. In this year’s report, starting on page 10, there is valuable analysis on top strat- egies to win over the customer, from the simplicity of cleaning the restaurant to the more complex undertaking of introducing an app to provide guests access to quick mobile payment options. Some winning brands relaunched menus and oth- ers redesigned restaurants. It is very clear through this report’s data and operator insights that to satisfy today’s demanding consumer, a holistic approach to your brand — who you are, what you stand for, the menu items you serve, the style in which you serve it and the atmosphere you provide to your guest — is required. This isn’t anything new.
    [Show full text]
  • Boston Market District Feasibility Study
    Boston Market District Feasibility Study PROJECT FOR PUBLIC SPACES 3 Boston Market District Feasibility Study January 2009 SUBMITTED TO: THE BOSTON REDEVELOPMENT AUTHORITY SUBMITTED BY: PROJECT FOR PUBLIC SPACES 4 BOSTON REDEVELOPMENT AUTHORITY PROJECT FOR PUBLIC SPACES 5 TABLE OF CONTENTS EXECUTIVE SUMMARY 6 INTRODUCTION 8 THE BOSTON MARKET DISTRICT 13 HAYMARKET 21 ADVANCING THE MARKET DISTRICT 28 CONCEPTS FOR OUTDOOR MARKET SITES & Uses 42 PARCEL 9 CONSTRUCTION & MITIGATION PLAN 47 CONCLUSION & NEXT STEPs 48 APPENDIX 49 6 BOSTON REDEVELOPMENT AUTHORITY EXECUTIVE SUMMARY An improved and expanded market district in worked on, and its geographic reach exceeds the area of Boston’s historic downtown mar- any we have seen. Its annual sales volume ap- ketplace has the potential to be not only a suc- pears to be equivalent to that of an average cessful enterprise but an iconic place within supermarket. In addition to the essential ser- the city. Full-fledged market districts are the vice it brings to its customers and to the liveli- most highly evolved form of public markets. hood it provides its vendors, its social charac- They function as synergistic economic zones ter and atmosphere are Boston attractions in in which open air markets, specialty food their own right. At the same time, Haymarket stores, and market halls reinforce each other’s presents issues of trash management, limited customer base and their economic dynamism cold and dry storage, and oversight by its man- attracts related businesses. A Boston market agement association and the City of Boston. district market district would increase the range of healthy food available to its residents, The addition of one or more market halls stimulate its economy, and enliven its culture.
    [Show full text]
  • Agenda Item 7
    Item Number: AGENDA ITEM 7 TO: CITY COUNCIL Submitted By: Douglas D. Dumhart FROM: CITY MANAGER Community Development Director Meeting Date: Subject: Conceptual Review of a Proposal for the July 19, 2011 Development of a Chase Bank at 5962 La Palma Avenue RECOMMENDATION: It is recommended that the City Council conceptually approve a proposal for the development of a Chase Bank at 5962 La Palma Avenue and direct staff to draft a Zoning Code Text Amendment and Development Agreement for further consideration. SUMMARY: The City has received a letter from Studley, the real estate brokerage firm representing the property owner at 5962 La Palma Avenue, requesting that the City consider the development of a JP Morgan Chase Bank on their property. The letter is provided as Attachment 1 to this report. The site is located at the southwest corner of Valley View Street and La Palma Avenue and has been vacant for over 10 years. Late last year, the subject parcel was rezoned from Neighborhood Commercial (NC) to Planned Neighborhood Development (PND) land use designation, which prohibits financial institutions and banks. The Broker has stated that they have exhausted attempts to find end users for his client’s property that are consistent with the goals of the new PND Zone and that meet the needs of his client. They have a ground lease offer from Chase to develop a free-standing bank. The financial institution use alone does not meet the requirements in the PND Zoning District to develop the commercial corner with retail uses that are lacking in the community.
    [Show full text]
  • 54 Restaurant Fundraisers for Non-Profits by Tom Fattes (As of January 2019)
    54 Restaurant Fundraisers for Non-Profits by Tom Fattes (as of January 2019) The website, GroupRaise.com, has an interactive map that lets you search for restaurants in your area. This website also helps you book the restaurant on its website. It's a great resource when trying to find that perfect match. Arby's US Beef Corp gives back 15% and owns many Arby's restaurants across the western part of the country from Illinois, Missouri, and Kansas to Idaho, Wyoming, and Colorado. BD's Mongolian Grill Great way to fundraise for churches, PTA, and other non-profit organizations. Bertucci's Bertucci's DINING FOR DOLLARS allows your organization to enjoy a great meal and raise money for a great cause. Bertucci's is located in the northeast of the United States and gives back 15%. BJ's Restaurant and Brewhouse Fundraisers BJ's Restaurant and Brewhouse will host a fundraising event for your school, organization or charity. The standard fundraiser donates 15% of the total food and soft beverage purchase from guests who bring in flyers for your event. Blaze Pizza Blaze pizza is located across the United States and provides 20% back to the organization. Boston Market Boston Market provides a 15% donation on sales. They provide you with a flyer and event tickets. Restaurants are located throughout the United States. Bruster's Real Ice Cream Every Brusters Real Ice Cream store offers fundraising options. Find a local store in most states east of the Mississippi. Buffalo Wild Wings BWW has their Eat Wings, Raise Funds initiative that helps out local organizations near BWW restaurants.
    [Show full text]
  • Hampton-Restaurant-Listing.Pdf
    Restaurant Address Phone # Hours Delivering Curbside Take Out Outdoor Dining Indoor Dining Website Map # SL DO UE GH Take-Out, 11am- Andrea's Pizza Shop 1114-B W. Mercury Blvd 757-827-8600 Su: Closed; M-Sa: 11A-8P Curbside No No andreaspizzashophampton.com 1 PM 9pm Applebee’s 2159 Coliseum Dr 757-838-8460 M-Sa; 11A-12A; Su: 11A-11P UE GH SL DD Curbside Take-Out No Inside applebees.com 2 EL DD UE GH Bar Louie Hampton 3550 Von Schilling Dr 757-951-1080 M-Th: 11A-12A; F: 11A-12A; Sa-Su: 10A-12A No Take-Out Outdoor Inside barlouieamerica.com 4* PM Baskins Robbins 2040 Coliseum Drive 757-690-8533 Daily: 11A-10P SL GH DD No Take-Out No No baskinrobbins.com 5 Boo Williams Sportsplex Concessions 5 Armistead Pointe Pkwy 757-637-7300 During Event Hours Boowilliamssportsplex.com 7 Boston Market 2034 Coliseum Dr 757-838-0300 Daily: 11A-10P GH PM SL UE Curbside Take-Out No No bostonmarket.com 8 Su: 11A-9P; M-Closed; Tu-Th: 11A-9P; F-Sa: Bowman’s Soul N the Wall 1899 Armistead Ave 757-826-7685 No No Take-Out No Inside Facebook: Bowman’s Soul N the Wall 9 11A to 12A Buffalo Wild Wings 4201 Kilgore Ave 757-826-4809 M-Th: 11A-11P; F-Sa: 11A-12A DD PM GH No Take-Out No Inside buffalowildwings.com 10* Buffet Star-Mongolian Grill & Sushi 2302 W. Mercury Blvd 757-827-8888 M-Su: 11A-10P GH SL DD Curbside Take-Out No Inside Facebook: Buffet Star 11 Cee Cees Southern Cuisine 3110 Allainby Way 757-922-4004 M-Sun 10A-11P DD PM GH Curbside Take-Out Outdoor Inside No, Drive Chick Fil-A 2140 Coliseum Dr 757-826-1277 M-Sa: 6:30A-9:45P; Closed Su UE SL GH No No No chick-fil-a.com 13 Through No, Drive Chick Fil-A 110 Market Place Dr 757-826-12277 M-Sa: 7A-9P; Closed Su DD GH SL UE No No No chick-fil-a.com 13 Through Chili's Bar & Grill 1066 W.
    [Show full text]