On average, according to data from a Popmenu nationwide survey, 40% of individual or family food budgets are spent on restaurants monthly

Forty-percent of food budgets spent on restaurants: Popmenu

When ordering online, consumers spend $50 or more on average

As consumers are facing historic inflation and soaring energy and food costs, one thing remains constant in their lives: restaurant meals. On average, according to data from a Popmenu nationwide survey, 40% of individual or family food budgets are spent on restaurants monthly. In fact, when ordering online, 33% of consumers spend $50 or more per order on average.

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The latest update from the NPD Group: total restaurant visits decreased by 2% in the first quarter of 2022

Restaurant industry traffic drops 2% from last year: The NPD Group

Still, restaurant transactions increased 1% from two years ago when pandemic began

As the restaurant industry seeks to recover amid the challenges of inflation and supply chain challenges, its traffic is down 2% from last year. The latest update from the NPD Group, indicates total restaurant visits decreased by 2% in the first quarter of 2022, but were up 1% in comparison to 2020’s first quarter.

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BBQ Holdings, the parent of Famous Dave’s, finalized its acquisition of Barrio Queen

BBQ Holdings finalizes acquisition of Barrio Queen

Purchase of Mexican fine-dining concept is largest transaction to date for BBQ Holdings, soon to be Famous Hospitality

BBQ Holdings, the parent of Famous Dave’s, finalized its acquisition of Barrio Queen for $28M. The 100-unit multi-brand company completed the purchase April 11, marking the largest to date for BBQ Holdings.

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BBQ Holdings, soon to be Famous Hospitality, Inc., agreed to acquire the Barrio Queen chain through an asset purchase agreement for $28M

Famous Dave’s parent agrees to acquire Barrio Queen restaurant group

Barrio Queen purchase marks third acquisition in past year for parent of Famous Dave’s as it changes its name to Famous Hospitality, Inc.

BBQ Holdings, soon to be Famous Hospitality, Inc., agreed to acquire the Barrio Queen restaurant group through an asset purchase agreement. The $28M deal for the Mexican fine-dining chain will be funded through cash and debt. The announcement came with the release of BBQ Holdings’ earnings report for Q4 and full fiscal year 2021.

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Fast-casual Rasa raised additional capital in a completed Series A financing round led by Rellevant Partners

Rasa raises funds to grow in Series A round led by Rellevant Partners

Series A funding round to fuel expansion, investment in technology

Fast-casual Rasa raised additional capital in a completed Series A financing round led by Rellevant Partners, a women-founded growth equity firm. Janice Meyer and Jessica Kates head Rellevant Partners. Rasa, a customizable, Indian bowl concept based in Washington, DC, will use the funds for expansion and related technology initiatives.

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