Small Business Labs

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Side Gigs for Restaurants

Small Business Labs

The New York Times article You’ve Heard of Ghost Kitchens. Meet the Ghost Franchises covers the growing number of companies franchising food concepts to existing restaurants. The restaurants that take on these franchises continue to serve their regular food and make the franchise food for delivery only.

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Digital Transformation Leading to Ghost Restaurants

Small Business Labs

Ghost restaurants are delivery only, online restaurants that skip storefronts and deliver food straight to the customer. Think Amazon for restaurants. Ghosts are much cheaper to operate than traditional restaurants. These combine to mean they pay much less in rent than traditional restaurants

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The Pandemic Accelerated Rise of Ghost (Cloud) Kitchens

Small Business Labs

The global marketing agency Wunderman Thompson's article Ghost Kitchens covers the growing popularity of delivery-first dining and the related growth of ghost kitchens, which are also called cloud kitchens. Ghost restaurants are delivery only, online restaurants that skip storefronts and deliver food straight to the customer. 

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The Recession's Economic Damage is Widespread

Small Business Labs

Yesterday we covered a series of recent articles saying it will take 2-3 years for the economy to recover to pre-pandemic levels. Early in the pandemic, there was hope that economic damage would be limited to industries with high customer contact such as airlines, restaurants, retail, etc.

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"Everything, it seems, is a shared office these days"

Small Business Labs

The title of this post is a quote from the NY Times article  Sorry, Power-Lunchers. This Restaurant Is a Co-Working Space Now. The article covers Spacious , a startup that transforms unused space - especially restaurants outside of meal times - into shared workspaces.   Gyms  are co-working spaces. 

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Small Business Closure Scenarios

Small Business Labs

.  (4) The scenarios are too long to fully cover in this article.   Consumer concerns about potential new outbreaks lead to a slow recovery for the travel, entertainment, restaurant, and related industries.  Below is a brief description. Q2 GDP is -30%, Q3 +7% and Q4 +12%. 

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The 90% Economy

Small Business Labs

There's been a recent flurry of articles suggesting that the economic recovery will not be V-shaped or quick.    Instead, the articles suggest it will likely take 2-3 years to fully recover from the pandemic induced recession.    Key quote: But in most places, it will be anything but business-as-usual.