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Bennigan's franchisees may buy closed corporate locations

Posted by: John Tozzi on August 08, 2008

The AP reports that Bennigan’s franchisees may buy 40 to 60 closed corporate locations. Bennigan’s franchisees may be able to buy the most profitable corporate locations and ride out the downturn.

The news service also reports that some rival chains, like Texas Roadhouse, are at least partially honoring Bennigan’s gift cards. That may be a smart move to try to gain market share, but it won’t help fight the perception that restaurants in this space are interchangeable. As restaurant industry analyst Darren Tristano told me, casual dining chains failed to differentiate themselves while they expanded much more quickly than the restaurant industry as a whole.

In a franchise system, much of the risk of rapid expansion falls on individual owners, rather than the franchisor. Now the market is flooded with casual dining restaurants, their costs are going up, and people are eating out less. Don’t be surprised to see more casual dining closures ahead.

Reader Comments

Apple Jane Batang

February 24, 2009 10:09 PM

HI!I worked at beniggans in Elkhart and I am trying to find out whats the corporates number so i could contact someone for my W2. Its the end of Feb. and they still havent given anything to me.

Marcia Frado

March 2, 2009 04:00 PM

I live just north of Dallas and I have a $50.00 and a $25.00 gift card for Bennigan's and/or Steak & Ale. Will they reopen the ones in Plano, TX? If they do reopen will the previous gift cards still be honored??

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What's it like to run your own company today? Entrepreneurs face multiple hurdles new and old, from raising capital and managing employees to keeping up with technology and competing in a global marketplace. In this blog, the Small Business channel's John Tozzi and Nick Leiber discuss the news, trends, and ideas that matter to small business owners. Follow them on Twitter @newentrepreneur.

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