Food ordering and delivery service Deliveroo has confirmed a $275 million dollar investment into expanding into new markets and projects. The company has also added many restaurant partners (9,000). The company has seen 400% growth as reported in November before these investments were made. The founder has said after such growth, it is time to expand.

Key Takeaways:

• Deliveroo an online food ordering service has confirmed it has received a $275 million dollar grant to help it expand into new and existing markets.
• The investment is the latest for the company, which has achieved 400% growth since November last year.
• The money will also go to Deliveroo’s investment in projects such as Roobox, a remote kitchen initiative.

“The investment is the latest for the company, which has achieved 400% growth since November last year, and launched in 29 new cities in the same time, bringing its total number of cities to 84 across 12 countries, including France, Germany, Spain, Belgium, Ireland. Australia, Hong Kong, the UAE, and Singapore.”

http://www.bighospitality.co.uk/Business/Deliveroo-confirms-275m-investment-into-expansion-and-new-projects

Dave Wood was set to retire from a 17-year career as a Domino’s Pizza franchiser but soon decided preferred to work. He was interested in the casual eat-in fast food type pizza places and he started Firenza. This is a franchise opportunity, however, he is being very select when it comes to entering an any agreements with franchisers. He has already signed agreements for stores in California, Texas, Wisconsin, Florida and Northern Virginia.

Key Takeaways:

• Many a bust restaurant operator looks forward to that long awaited day when he or she can retire.
• Dave Wood was one such person. He had been a Domino’s franchisee with 17 stores.
• Wood retired to Sarasota, Florida, ready for golf and a more relaxed lifestyle but soon became restless.

“Wood has the unique advantage of being on both sides of the franchisee-franchisor relationship.”

https://www.qsrmagazine.com/news/what-happens-when-franchisee-becomes-franchisor

When you are in business, the phrase “a penny saved is a penny earned” means a lot more than the average person. Let’s face it, most people will go into business to make money. With the ever growing fad of using credit cards rather than cash transactions, hidden fees can add up fast. Suneera Madhani looks at the fees that credit card companies charge retailers, what the right price to pay is and how to avoid some of these fees and become more profitable.

Key Takeaways:

• The truth is, however, there are merchant processing companies that can lower your cost up to 40 percent by offering transparent monthly fees and no contract, significantly reducing the bill each month.
• As mentioned, the average PIN debit transaction is 0.05 percent compared to a 1.5 percent credit card transaction. Limiting your transactions to just credit cards can automatically rack up expenses and harm your company in the long run.
• Another money-saving factor is choosing a company that provides multipurpose hardware; the less hardware you have to purchase, the more money in your pocket.

“One example of a monthly fee that consistently eats into revenue is a monthly credit card processing fee.”

http://restaurant-hospitality.com/finance/are-you-paying-too-much-credit-card-processing