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Wednesday
Oct102018

Remodeling

Report Highlights
  • Remodel data and analysis on 50+ national chains, including: (1) remodel progress/system condition; (2) investment costs; (3) post remodel sales increases; (4) estimated return on investment; (5) program scope; and (6) franchisor remodel incentives.
Conclusion
  • 2018 represents a transition year for remodels as 24% of the $1B+ chains recently unveiled new or revised programs. As a result, the % of system stores that reflect the current image fell to a 5-year low as chains held-off on remodels until the new image. Notably, it will take some time to determine how effective these remodels will be at driving incremental sales and ROI which have been trending down over the last several years.

 

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