Given the possibility of recession as well as falling property values because of the subprime-mortgage crisis, operators are reassessing their real estate strategies to get the biggest bang for their buck.For some restaurateurs, that means forsaking leases to own land, while others are creating smaller prototypes that do not sacrifice throughput or sales but do have lower rents. Still others are scrutinizing their construction schedules, remodeling timelines, franchisees’ expansion plans and ...
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