Quick Service Restaurants
topic on 5 shows · 7 statements across 5 episodes
Founders 
the Pitch 
Cheeky Pint 
WTF is with Nikhil Kamath 
How I Built This
7 statements about Quick Service Restaurants, every show
Xu: Big QSRs account for nearly 50% of US restaurant spend
“Some of these large brands, you know the big QSRs that you've heard of which, you know, represents almost 50 cents on the dollar of restaurant spend in, in, in, in a place like the US.”
Xu: Fast-food chains' core IP is process innovation and workforce management
“That's on the, you know, big brand, you know, QSR side where a lot of the innovation, if you will, is in the process innovation, and then also how do you run large groups of people
And have very high and consistent standards of service.
Extremely difficult, an…”
Castellanos: There are 175,000 mid-sized QSR locations in the market
“There are a 175,000 QSRs with 20 to a hundred locations, and so we've got a lot of market share left to get in restaurants first.”
Raising Cane's AUV ranks second in QSRs behind Chick-fil-A at $6.5M
“The average raising canes does about 6.5 million a year in sales. That puts him in an average store basis in his industry. He's in second behind Chick-fil-A for QSRs.”
Amlani: India's Casual Dining Market is 4x Larger Than QSR
“They're going to CDRs a lot more. The market is four times as big, is growing at 20%, whereas QSRs have kind of hit a road bump.”
Kalra: QSR Employee Attrition Exceeds 100% Annually Versus 30% in Casual Dining
“Now, typically in the QSR, the retention rates, in fact, the attrition rates are over a hundred percent. So you're talking about a 120% attrition, which means more people in a year, in a set finite period, leave the organization and actually join. Whereas in t…”
Graves: Single fast-food locations cannot build wealth without multi-unit scale
“Quick service restaurants make tiny margins on large volumes. It's just what it is. And look, you can have a whole family working in a restaurant, and I know a lot of great Family restaurants that do that, so you lower your labor cost, and everybody kind of li…”