Why restaurant sales are slowing, despite high prices

What’s the state of the restaurant business and M&A right now? This week’s episode of the Restaurant Business podcast A Deeper Dive features Jim Balis, the managing director with the investment firm CapitalSpring. We talk about the state of the industry at the moment. With 2023 halfway over, we wanted Balis to talk about where the industry is going, both on a revenue and costs front but on mergers and acquisitions. He discusses industry sales and why they’ve kept pace despite soaring prices, and we speculate about why that is. We talk about the state of labor and food costs as well as the impact of technology. But we also talk about mergers and acquisitions and how those are going. The M&A markets have been frozen for the past year and a half amid high interest rates and a lack of agreement on prices between buyers and sellers. But there are signs that it’s improving of late. Jim talks about why that is and where the market is headed. It’s an interesting discussion on a deeper dive this week so please have a listen.