bannerFranchise News

Sunny Street Café Featured in New York Times Article on Resilience of U.S. Economy

The brand’s recent success exemplifies the broader economic narrative of 2023, where fears of a recession were largely dispelled and businesses across various sectors found pathways to growth and expansion.

By Luca Piacentini1851 Franchise Managing Editor
SPONSOREDUpdated 5:17PM 03/13/24

Sunny Street Café, the “better breakfast” franchise, was highlighted in a recent New York Times article discussing the resilience of the U.S. economy at the end of 2023. 

Mike Stasko Jr., the recently-appointed President of Sunny Street Café, told the publication that he had initially braced for a challenging year, anticipating the impact of high interest rates and a potential recession on the business. The Ohio-based company, which operates 10 locations and has another dozen owned by franchisees, even postponed expansion plans to observe the economic climate. However, contrary to these apprehensions, the Café experienced a year of solid, steady growth, prompting a return to expansion efforts mid-year.

“We just kind of had that nice, steady, predictable growth over the course of the year,

which is exactly what you want,” Stasko told the New York Times. “From our perspective, it was a great year.”

When it comes to the reasons behind this success, Stasko points to several factors. The demand for dining out remained strong, for one, and the labor market's slight cooling facilitated hiring. Additionally, a decrease in egg prices, which had surged late in 2022 and early into 2023, contributed positively to the business. 

By mid-2023, Sunny Street Café resumed its franchise growth strategy, buoyed by a more stable and predictable increase in business compared to the volatile boom days immediately following the pandemic lockdowns.

The broader economic context for Sunny Street Café's success reflects a period of unexpected robust growth and resilience in the U.S. economy. Despite initial forecasts predicting a recession due to the Federal Reserve's aggressive interest rate hikes, the GDP continued to expand by 3.3% last quarter, with low unemployment, cooling inflation and strong consumer spending. 

Read the full New York Times article here

Learn more about the Sunny Street Café franchise here