Faltering restaurants shed secondary concepts

In the food service industry, many companies are beginning to try to reduce the amount of secondary restaurants that the company runs and owns. Companies like Buffalo Wild Wings have even sold their small line of pizza chains recently. The reason behind companies selling off their side businesses is to get back to the core of the original restaurant and reinvest. This will lead to an increase in customers and sales, because the company will be more focused on the customers and not the businesses.

Key Takeaways:

• Many companies are selling of their secondary stores and businesses that they have bought or created in the past.
• The new era is not to own it all, but it is to focus on one business and make sure it is great to the core values.
• It will be a hard initial adjustment, but it will balance and pay out in the long term.

“The concept shedding stands in direct contrast to what seems like a trend toward industry consolidation.”

Read more: http://www.nrn.com/mergers-acquisitions/faltering-restaurants-shed-secondary-concepts