Money Buzz! Europa

Tag: restaurant

  • Yellow.Menu cloud restaurant aims to triple its turnover in 2021

    Yellow.Menu cloud restaurant aims to triple its turnover in 2021

    Yellow.Menu, the cloud restaurant with delivery in Bucharest and Cluj-Napoca, has exceeded the 300 orders/day milestone.

    Moreover, it launches a series of virtual brands, dishes and set menus created by Yellow chefs and intended for delivery on partner platforms.

    Yellow.Menu aims to create at least 4 such virtual brands by the end of the year, generating 35-40% of the total business.

    In the first half of this year, the cloud restaurant recorded a turnover of almost 600 thousand euros, 52% higher than the same period last year.

    What is Yellow.Menu

    Designed as an online restaurant with a dynamic menu that changes daily, Yellow.Menu delivers meals through its own network of couriers anywhere in Bucharest and Cluj.

    In the first half of this year, Yellow.Menu turnover exceeded 550.000 euros, over 50% higher than last year.

    Even more, the average value of the order increased by 15% compared to similar period from 2020, up to 95 lei.

    The company aims to increase the daily number of orders by at least 40% compared to the end of the year currently and top reach up to 1.5 million euros turnover in 2021.

  • Dabo Doner opens the first Romanian fast-food restaurant in London

    Dabo Doner opens the first Romanian fast-food restaurant in London

    The Dabo Doner franchise, owned by Dan Paştiu, opened the first Romanian fast-food restaurant in London, right next to Wembley Stadium.

    The Dabo Romania menu is taken over in full in the restaurant opened in London, the only difference being the replacement of beef with mutton.

    The use of this ingredient aims to adapt more easily to the demand of the London market, where a large amount of halal food is also consumed.

    In terms of investment, the restaurant opened in London is valued at over 150,000 euros.

    Dabo Doner aims to open 5 more restaurants in London this year and 40 restaurants across England in the next 3 years.

  • Delivery and takeout orders increased by 14% since the COVID-19 outbreak

    Delivery and takeout orders increased by 14% since the COVID-19 outbreak

    Since the COVID-19 outbreak, delivery and takeout orders increased by 14% for consumers ordering once a month or more, driving restaurants to rethink their physical footprints, according to a Deloitte study conducted among restaurant customers and executives in the industry from the US.

    Almost two thirds (68%) of consumers say they order delivery and 52%, takeout, and nearly half (46%) of the survey respondents expect these habits to remain at current levels once the pandemic ends.

    Millennials (ages 23 to 39) are leading the way in placing delivery orders (65%), 13% more than in the pre-COVID period, while 77% of Gen X (ages 40 to 55) respondents prefer takeout orders, 20% more than in the pre-COVID period.

    The study underlines that convenience, which has always been a major consumers demand, continues to top their expectations, with 62% of respondents saying this is their main reason for patronizing a restaurant.

    In the current context, convenience also includes delivery costs and wait times, pickup locations and contact.

    In terms of delivery costs, respondents consider a $4 average delivery fee to be fair. When it comes to wait times, 75% of respondents consider 30 minutes or less to be reasonable and only 20% consider it realistic to wait up to 45 minutes for their meal.

    While the restaurant spending is down more than 20% compared to the previous year, the study highlights a new trend in consumption, namely the increase in the size of the average restaurant check, which indicates more customers are looking for family or multi-portion meals and represents useful information for restaurants in reshaping their offer.

    Tech-savvy consumers demand digital engagement from restaurants and want cutting-edge technology options that recognize them and know their preferences, according to the survey conclusions and they are willing to allocate additional financial resources and pay an average of 14% more for such services.

    Seven out of ten respondents prefer to order digitally for off-premise delivery, 57% have a third-party delivery app on their phones and 48% follow a social media account from a restaurant or food brand.

  • CEE: Restaurants and entertainment spaces impacted by new restrictions

    CEE: Restaurants and entertainment spaces impacted by new restrictions

    New measures have been recently adopted by the governments of the Central and Eastern European countries to contain the spread of the new coronavirus.

    Wearing masks became mandatory in the crowded outdoor spaces in most countries, while gatherings allow a limited number of people, schools are functioning online only or in a hybrid model, and restaurants are allowed to trade at limited capacity.

    Czechia

    In Czech Republic, the Government ordered all non-essential shops to close and tightened other social distancing rules starting 22 October. In the past two weeks, the country registered the highest number of COVID-19 new infections since the beginning of the pandemic, and the highest in the CEE.

    In addition, restaurants in Czech malls operate only for take away orders and deliveries.

    The Government communicated its support for all affected retailers and provides a subsidy of 50% of the rent and related charges, with no subsidy requested from landlords.

    In addition, the government covers 100% of payroll costs for companies affected by the restrictions.

    Romania

    In Romania, restrictions relate to temporary closing entertainment spaces in the cities/regions where the number of infections has exceeded 3 cases/1.000 inhabitants, while indoor restaurants in such regions can only operate for take away orders and deliveries.

    This is the case in three of the Romanian biggest cities, capital Bucharest, Timisoara and Cluj-Napoca.

    Poland

    In Poland, temporary restrictions have been implemented for fitness clubs and swimming pools. In addition, from 24 October onwards, indoor restaurants will operate only for take away orders and deliveries.

    Slovakia

    In Slovakia, indoor restaurants only operate for take away orders and deliveries, while entertainment tenants temporarily suspended their activities.

    Bulgaria

    Bulgaria is introducing more restrictions as coronavirus infections remained high. In the capital Sofia, bars, clubs and discos will close for two weeks.

    The order for the temporary closure will become effective on October 25 and will be in place until November 8. 

  • Greece: Turnover down by 59% in food service sector in Q2 2020

    Greece: Turnover down by 59% in food service sector in Q2 2020

    For the total of enterprises in Food and Beverage Service Activities in Greece, the turnover in the second quarter 2020 amounted to 592.729.473 euro.

    This is a decrease of 59.0% in comparison with the second quarter 2019, when the respective turnover was 1.446.782.662 euro.

    The largest decrease in the turnover of the second quarter 2020 compared to the second quarter of 2019 was recorded in the Regional Unit Thira (95.6%) while the respective smallest decrease (33.3%) was recorded in the Regional Unit Grevena.

    For the enterprises in Food and Beverage Service Activities obliged to double-entry bookkeeping, for which data are available on a monthly basis, the turnover in August 2020 amounted to 124.306.749 euro, recording a decrease of 33.6% in comparison with August 2019, when the respective turnover was 187.304.387 euro.

    Data was gathered by The Hellenic Statistical Authority.

  • Vienna issues 25 and 50 euro vouchers for restaurant visits

    Vienna issues 25 and 50 euro vouchers for restaurant visits

    In order to boost the restart of coffee houses, bars and restaurants, from May 15, the City of Vienna is issuing catering vouchers worth 25 or 50 euros to all households in the city – depending on the size of the household. 

    ”Our restaurant scene includes 6.500 businesses, which in turn secures around 60,000 jobs in Vienna and 1.4 billion Euro turnover” said Mayor Michael Ludwig. 

    Gastronomy is particularly affected by the Corona crisis – directly due to the “lock-down”, and in the long term also due to the absence of tourists. 

    “The voucher campaign shows that we are fighting for every business and every job,” said Ludwig.

    The ”Vienna Gastro Voucher” campaign runs from June to September.

    950.000 Viennese households will receive the voucher by post, which they can use at a participating location. One-person households receive a 25 euro voucher, households with more people receive a voucher worth 50 euros.

  • Austrian government, €500 million package for restaurants and pubs

    Austrian government, €500 million package for restaurants and pubs

    The Austrian federal government presented a package worth €500 million for restaurants and pubs, a press release show.

    “The catering industry has been particularly hard hit by the corona crisis and therefore needs special measures. We have put together a package of tax relief on the one hand, and support and incentives on the other”, said Finance Minister Blümel.

    What the package includes

    The package includes a reduction of tax on non-alcoholic beverages to 10% until the end of 2020. This corresponds to relief of around €200 million. Simplification and relief through higher lump sums was also announced. The lump-sum limit will be increased from €255,000 to €400,000. By increasing the mobility lump sum from 2% to 4% in municipalities with up to 10,000 inhabitants, and to 6% in municipalities with up to 5,000 inhabitants, more money is made available for rural restaurants and pubs.

    Further, the maximum limit for tax-free meal vouchers has been raised from €4.4 to €8, the deductibility of business meals in inns increased from 50% to 75% by raising the applicable rate, and the tax on sparkling wine has been abolished.

    “Two brief illustrations: a village inn with a turnover of €115,000 per year currently pays €3,670 in taxes, but with these measures, it will pay only €871. Another example: an inn with an annual turnover of €160,000 currently pays taxes of €6,260 but will only pay €2,390 in future” said Finance Minister Blümel.

    The fixed cost subsidy details and changes were presented last week, so that urgently needed monies could reach companies – and especially local landlords – as quickly as possible.

  • Restaurants in Austria to reopen on May 15

    Restaurants in Austria to reopen on May 15

    Heute writes that all restaurants in Austria will reopen on May 15, as Sebastian Kurz, Elisabeth Köstinger and Rudolf Anschober informed on Friday.

    Next Friday, Austria’s restaurant and pub owners are allowed to open again. However, certain rules also apply and strict compliance with hygiene regulations. The government exchanged views with 6.000 owners across Austria to develop the concept.

    Taverns, restaurants and cafes may be open between 6 A.M. and 11 P.M. The staff in direct contact with guests must wear a mouth-nose mask. A maximum of four adults are admitted to a table plus their children.

    There must be at least a meter safety distance between people who are not sitting at a table.

    Clients are allowed without prior registration to any restaurant or pub, but are kindly asked to make a reservation in advance to ensure that there are free spaces.

    The new regulations for the reopening of restaurants will be published on the website of the Ministry of Health, but for the time being there should be no penalties for violations.