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) franchisor remodel incentives; and (6) program scope.

    Conclusion

  • The pace of remodels picked-up substantially in 2019 as new/improved programs from 2018 took effect and operators caught-up on remodel mandates. While remodel costs are trending higher given higher-end upgrades, new technology and rising construction labor costs, remodel ROI is improving due to higher sales bumps and stabilizing unit level margins.

Remodel Report Outline