How to Calculate Cost of Goods Sold for a Restaurant
Learn how to calculate restaurant cost of goods using inventory, purchases, COGS percentage, variance reviews, and regular tracking for profitability.
Aug 31, 2026
Learn how to calculate restaurant cost of goods using inventory, purchases, COGS percentage, variance reviews, and regular tracking for profitability.
Aug 31, 2026
Understand how to evaluate a Kiosk system using key criteria including features, POS integration, hardware, pricing, customer experience, and support.
Aug 31, 2026
Explore restaurant technology trends in 2026, including AI, automation, digital ordering, workforce tools, connected kitchens, personalization, and profitability strategies today.
Aug 28, 2026
Learn the startup costs of opening an ice cream shop, including rent, equipment, renovations, permits, inventory, labor, marketing, and reserves.
Aug 28, 2026
A restaurant P&L statement reveals sales, expenses, and profits, helping owners manage costs, improve margins, and plan finances more effectively.
Aug 26, 2026
RaceTrac has appointed Jill Pemberton as chief financial officer, succeeding Karla Ahlert, who moves into the newly created role of chief administrative officer.
Aug 26, 2026
Learn practical ways to reduce labour costs through smarter scheduling, forecasting, productivity, cross-training, automation, overtime control, and performance monitoring strategies.
Aug 26, 2026
Blaze Pizza welcomes Tracy Stockard as Chief Marketing Officer, bringing decades of brand and franchise experience to drive strategic growth and guest engagement.
Aug 25, 2026
Levain Bakery appoints Lorna Sommerville and Taya Stenson as co-CEOs, blending operational and marketing expertise to power national expansion and innovation while staying rooted in its brand values.
Aug 25, 2026
Create a practical restaurant marketing plan by setting goals, targeting customers, choosing channels, budgeting wisely, scheduling campaigns, and measuring results.
Aug 24, 2026
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Explore how Twin Hospitality leveraged the franchise model to enhance performance and unlock growth potential for its restaurant brand.
Photo by Abdul Hakim
Photo by Abdul Hakim
Twin Hospitality's decision to convert Smokey Bones units into Twin Peaks restaurants marks a strategic shift in the restaurant industry. By identifying 19 Smokey Bones locations for conversion, Twin Hospitality aimed to revitalize these spaces and enhance their performance. The successful completion of two conversions has already demonstrated significant results, with average unit volumes skyrocketing from $3.5 million to $7.8 million. This substantial increase showcases the effectiveness of the conversion strategy in generating impressive financial returns.
Utilizing FAT Brands' established franchise model, Twin Hospitality plans to leverage franchising as a tool for unlocking growth potential within its brand. By starting to franchise a portion of the remaining Smokey Bones locations, Twin Hospitality aims to create a more balanced corporate-to-franchise mix. This shift not only diversifies the company's operational structure but also paves the way for expanded market presence and revenue streams. The strategic use of franchising can open up new avenues for brand expansion and profitability.
The closure of 15 unprofitable Smokey Bones locations, coupled with the reduction of $1.5 million in corporate overhead, underscores Twin Hospitality's commitment to enhancing EBITDA performance. By focusing on the positive cash flow generated by the remaining 26 Smokey Bones restaurants, which contribute around $3 million to EBITDA on a trailing 12-month basis, the company aims to streamline operations and drive financial growth. These measures are designed to create a more robust financial framework for sustained success.
With the appointment of Ken Brendemihl as president of Smokey Bones, Twin Hospitality reinforces its commitment to operational excellence and leadership. Ken's extensive experience in the restaurant industry, including roles at Alamo Drafthouse, Velvet Taco, and Texas Roadhouse, brings a wealth of operational expertise to steer Smokey Bones into a new era. His proven track record and deep industry knowledge position him as a catalyst for driving growth and innovation within the brand.
While focusing on revitalizing Smokey Bones, Twin Hospitality remains dedicated to growing its Twin Peaks brand. With 114 units spread across 27 states and Mexico, and backed by 100 signed franchise agreements, Twin Peaks has laid a solid foundation for expansion. Despite recent operational losses and a decline in same-store sales, Twin Hospitality's strategic initiatives, including the closure of underperforming Smokey Bones locations, are aimed at strengthening the overall financial performance and growth trajectory of the Twin Peaks brand.