The formula for a restaurant turnaround is generally straight-forward: Stop turning off your regular customers.
Diners may seem like a fickle group: One day everyone flocks to Restaurant X as the place to eat, only to quickly replace it with the next fad, Restaurant Z. The reality is different, though. Most people like to go to their regular restaurant again and again, and it’s only when the restaurants basically tell their customers “please don’t come here anymore” by offering unappealing food, poor service, higher prices and tired surroundings that the customers look elsewhere. This article identifies several restaurant turnaround stocks with well-known franchises, reasonable balance sheets and attractive valuations. Several also have new management teams. With some patience, these stocks might serve up some tasty returns for investors.Read More