Taco Bell’s Strategy to Win in Urban Markets Involves Delivery, Kiosks and Alcohol

December 20, 2018 by Leave a Comment

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“Throughout its company history, Taco Bell has dominated with a development strategy that focused on sprawling suburban locations equipped with drive thrus wrapped around the side. That is beginning to change.

The gigantic American Mexican quick service chain has been testing a handful of small-format restaurant concepts, branded as Taco Bell Cantina and Urban In-Line restaurants, in various urban centers for the past three years. The Urban In-Line format is essentially a regular Taco Bell, modernized and shrunk to fit on a street corner. The Cantina format is similar but also features twists on the traditional menu, including alcoholic drinks and shared platters of food.

Both concepts are tailored for densely populated locations where the rent is overwhelming, the foot traffic is high, and there’s no space to fit a traditional Taco Bell unit.”

See more here.

 

Filed Under: Cooking, Global Market Buzz, Local Market Buzz, Opportunities, Trending Now Tagged With: , , , , , , , , , , , ,

84 Million U.S. Wine Drinkers Fit Into Six Wine-Buying Segments

December 7, 2018 by Leave a Comment

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“Representing 10% of wine consumers, Engaged Explorers are identified as the younger population of wine buyers. These are the most frequent buyers and they spend the most on high-priced wines than any in the list of six. They are called explorers because they drink many wine styles, from many countries and regions.

At 19% of wine consumers, Premium Brand Suburbans are middle to older age. They spend much less on a bottle of wine than most wine consumers and they are hard wired into staying with wines and brands they know, and members in this group happen to know more about wine than any in the five other segments.

Contented Treaters make up 17% of wine buyers. Like the “Suburbans” this segment comprises middle to older aged, but this group is affluent; they spend up, but they also don’t consume nearly as much wine as their counterparts. They go for a broad range of wines and are interested in a wine’s origin.”

Read more here.

Filed Under: Global Market Buzz, Operations, Opportunities Tagged With: , , , , , , , ,

Learn How to Get a Liquor License for Your Restaurant or Bar

October 15, 2018 by Leave a Comment

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“Opening a bar is about a little more than choosing the perfect beer and liquor list. In fact, there are a number of restaurant licenses and permits that you need to get out of the way before you can open your doors for business. In getting caught up in dreaming about all the delicious drinks that a new restaurant owner plans to offer, many forget about the extent of the legalities they have to navigate first, legalities that can throw a serious wrench in your grand opening plans if they aren’t executed correctly.

Although alcohol laws will vary from state to state, attempting to open a bar without a liquor license is going to lead down a road of penalties, fines, and shut doors—all of which every restaurateur wants to avoid at all costs (…).”

    1. “How much does it cost to get a liquor license? The cost of obtaining a liquor license can vary greatly depending on the state. Full liquor licenses can range from $12,000 to $400,000. Beer and wine liquor licenses can cost as low as $3,000. The actual cost you can expect to pay really depends. The best way to estimate it is by chatting with bars and restaurants in your local area that are similar in size and scope to yours.
    2. How old do you have to be to get a liquor license? Like all things related to alcohol in the United States, a person must be 21 years of age to work in a bar or obtain a liquor license (…).”

View more information here.

Filed Under: Openings, Operations, Opportunities Tagged With: , , , , , , , , , , ,