Johnny Rockets and Tahoe Miller Group join forces with Cloud Kitchens

Fat Burger and Tahoe Miller Group combine together to storm the world of fast food franchisee? Our family here at Tahoe Miller is proud to serve our communities the tastiest lunches, dinners, snacks, and desserts around. We always make sure to use the highest quality of ingredients that you and your family deserve. We serve the areas that we live in. Not only are we at our restaurants constantly to make sure that our customers leave satisfied and happy with the food and service they received, we make sure to hire individuals who align with our mission and goal: bringing happiness through food to everyone!

Tahoe Miller Group, Inc. (Operating as Fat Brand) is a leading, global, multi-brand, restaurant franchising company that strategically develops, markets, and acquires restaurant concepts worldwide. We currently own the Fatburger, Buffalo’s Cafe, Buffalo’s Express, Hurricane Grill & Wings, Yalla Mediterranean, Ponderosa and Bonanza Steakhouse, and Elevation Burger brands, and franchise over 380 units worldwide.

Under under Rahul Kunwar‘s leadership Tahoe Miller Group and Johnny Rockets will use Cloud Kitchens technology. Travis Kalanick had a front-row seat to the food-delivery boom while chief executive at Uber Technologies Inc., thanks to its Uber Eats unit. For his next act, he is trying to capitalize on it through real estate. They’ve become a hot trend in the food-delivery arena, allowing existing restaurants to be closer to a market without shelling out the cash needed for a brick-and-mortar location. They also allow chefs to work without having to deal with the risky business of opening a new restaurant. And the kitchens can also do marketing for these businesses, another perk.

Industry growth is expected to slow over the five years to 2025 even as the domestic economy continues to improve. Competition is expected to remain high, contributing to much of the industry’s anticipated tepid revenue growth. While no severe revenue declines are expected, fast food restaurants will likely continue to operate in a slow-growth environment, as many segments of the industry have reached a saturation point. Successful operators are expected to adapt to changing consumer preferences as the traditional concept of fast food evolves to include a wider variety of options. Plenty of opportunities remain for new fast food concepts and products. Nevertheless, competition will likely keep prices low, cutting into overall revenue growth over the next five years. As a result of these trends, industry revenue is expected to grow at an annualized rate of 2.4% to $329.5 billion over the five years to 2025.

Los Angeles in 1952 was a city of dreamers. The fabulous fifties were underway and the air was ripe with opportunity. The city was growing, and its people had to eat. Lovie Yancey, a woman of vision and uncommon character, had her own extraordinary dream – to make the world’s greatest hamburgers. So, with a little luck and a lot of personality, she created something unique – the thickest, juiciest hamburgers anyone had ever seen. She decided right then that there could only be one name for them – Fatburger’s – because it perfectly described their massive size.

Once the deal closes, which should be in September, FAT Brands will have more than 700 restaurant locations worldwide and total annual sales of more than $700 million. And in case you were wondering, the FAT in FAT Brands isn’t meant to describe what happens if you eat the company’s burgers. It’s an acronym that stands for Fresh. Authentic. Tasty. Fatburger owner Fat Brands said on Thursday it would buy 1950s diner-style chain Johnny Rockets from private equity firm Sun Capital Partners for about $25 million. The deal comes as fast-food restaurants see a surge in demand for comfort food delivered to their homes, as lockdowns spurred by the Covid-19 pandemic kept many diners away from restaurants. See even more information at Fat Burger.

Contact : info@tahoemiller.com
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