Franchise Brands Reinvesting in Locations
More restaurants are spending on updates.
Economic recovery may be slower than some would like, but it appears more brands are deciding now is the time to put their money to work.
QSR reported an increasing number of operators are investing in remodels, new equipment and other upgrades to refresh their locations.
“The overall environment for capital spending in the restaurant industry now is definitely more positive than it was several years ago,” Hudson Riehle, senior vice president of research at the National Restaurant Association, was quoted as saying.
QSR went on to highlight a number of drivers for increased capital spending, including the current interest rate environment.
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