November 06, 2024

The Surprising Ways the Election Will Reshape Restaurant Expansion

28 minutes

In this episode, Kyle discusses the significant impact of the presidential election on the restaurant industry, focusing on tax policies, labor market challenges, and the importance of automation and technology. He emphasizes the need for restaurant operators to adapt their growth strategies based on the election outcomes, particularly regarding expansion plans, site selection, and labor availability. The conversation provides actionable insights for navigating the changing landscape of the restaurant business in 2025 and beyond.

Takeaways

The presidential election will significantly impact restaurant growth strategies.

Understanding tax policies is crucial for financial planning.

Labor shortages are a pressing issue in the restaurant industry.

Automation and technology are essential for future success.

Restaurant operators must adapt to changing immigration policies.

Site selection should consider labor availability and wage laws.

Planning for expansion should start early in 2025.

Ghost kitchens may become a viable option for many restaurants.

Flexibility in lease agreements is important for navigating uncertainty.

Operators need to prioritize their market strategies based on political outcomes.

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By Kyle Inserra

3232 ratings