CRE Show Panel: Middle East Uprisings, Rising Oil Prices Impacting Nation’s Restaurant Business
Atlanta, GA, March 11, 2011 --(PR.com)-- Events taking place halfway across the world are making the wallets of local restaurateurs a little bit lighter, and.
While appearing on the “Commercial Real Estate Show,” Pierre Panos said he noticed a sudden drop in business when political protests in Egypt started in early February. The CEO of QS America, which owns and operates the upscale Brookwood Grill, theorized that the protests raised oil prices leaving them with less money to spend on dining out.
”People are extremely antsy and when they find that something has changed in the market they react almost instantaneously,” Panos told Commercial Real Estate Show host Michael Bukk during the episode that aired March 5. Panos also is founder of the Fresh 2 Order restaurant chain, which plans to have 50 locations across the country by 2015.
Harold Shumacher, President and managing broker of The Shumacher Group, echoed Panos’ thoughts. Shumacher noted that rising grocery and gas prices have cut into the budgets of potential customers.
“People have not changed the frequency of going out,” said Shumacher. “If they were going out three times a week they are still going out three times a week. What they have is they’ve adjusted downward. So if you were a $15 customer, you are now a $10 customer.”
Shumacher said that slow and steady growth would be a key factor in the revival of the restaurant industry.
The next “Commercial Real Estate Show” will air March 12 and focus on the car wash and self-storage industries. Guests will include Jeff Lenard from the National Association of Convenience Stores; Nancy Miller of Bull Realty; and Jeff Sturges of Pentagon Car Wash Consulting.
About the “Commercial Real Estate Show”:
The “Commercial Real Estate Show” is America’s commercial real estate talk radio show. The show is known as an entertaining and enlightening resource about commercial real estate. The show airs every Saturday morning at 10AM EST online at the show website, www.CREshow.com and on Biz 1190 WAFS in Atlanta. Show podcasts are available on-demand at any time worldwide on iTunes and on the website. The “Commercial Real Estate Show” has quickly gained a national and international audience. Each show starts with a commercial real estate market update related to the show topic by well-known national experts. Then the show host and a panel of three to four industry expert guests share information, insight and best practices related to each show’s main topic. The show host is 30-year commercial real estate veteran Michael Bull, CCIM, the President and founder of commercial brokerage firm Bull Realty, Inc.
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While appearing on the “Commercial Real Estate Show,” Pierre Panos said he noticed a sudden drop in business when political protests in Egypt started in early February. The CEO of QS America, which owns and operates the upscale Brookwood Grill, theorized that the protests raised oil prices leaving them with less money to spend on dining out.
”People are extremely antsy and when they find that something has changed in the market they react almost instantaneously,” Panos told Commercial Real Estate Show host Michael Bukk during the episode that aired March 5. Panos also is founder of the Fresh 2 Order restaurant chain, which plans to have 50 locations across the country by 2015.
Harold Shumacher, President and managing broker of The Shumacher Group, echoed Panos’ thoughts. Shumacher noted that rising grocery and gas prices have cut into the budgets of potential customers.
“People have not changed the frequency of going out,” said Shumacher. “If they were going out three times a week they are still going out three times a week. What they have is they’ve adjusted downward. So if you were a $15 customer, you are now a $10 customer.”
Shumacher said that slow and steady growth would be a key factor in the revival of the restaurant industry.
The next “Commercial Real Estate Show” will air March 12 and focus on the car wash and self-storage industries. Guests will include Jeff Lenard from the National Association of Convenience Stores; Nancy Miller of Bull Realty; and Jeff Sturges of Pentagon Car Wash Consulting.
About the “Commercial Real Estate Show”:
The “Commercial Real Estate Show” is America’s commercial real estate talk radio show. The show is known as an entertaining and enlightening resource about commercial real estate. The show airs every Saturday morning at 10AM EST online at the show website, www.CREshow.com and on Biz 1190 WAFS in Atlanta. Show podcasts are available on-demand at any time worldwide on iTunes and on the website. The “Commercial Real Estate Show” has quickly gained a national and international audience. Each show starts with a commercial real estate market update related to the show topic by well-known national experts. Then the show host and a panel of three to four industry expert guests share information, insight and best practices related to each show’s main topic. The show host is 30-year commercial real estate veteran Michael Bull, CCIM, the President and founder of commercial brokerage firm Bull Realty, Inc.
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Bull Realty
Midd Read
404.901.4433
www.bullrealty.com
Midd Read
404.901.4433
www.bullrealty.com
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