Archive | April, 2011

South Norwalk (SoNo) Wall Street Journal Article

From the Wal Street Journal SoNo Grows as a Destination April 15, 2011 By SHELLY BANJO On a recent Saturday night, a group of Connecticut twentysomethings decked out to go bar-hopping boarded a Metro-North Railroad train headed toward Manhattan. But they didn’t get off at Grand Central Terminal. Instead, they hopped off the train at…

Did You Know?

According to the National Restaurant Association: In 2011, Connecticut’s restaurants are projected to register $5.6 billion in sales. In 2009, there were 7,096 eating and drinking places in Connecticut. Every $1 spent in Connecticut’s restaurants generates an additional $0.87 in sales for the state econmy. Every extra $1 million spent in Connecticut’s eating and drinking…

Restaurant Industry’s Long Road to Recovery

Product Innovation, Not Rapid Growth, Vital to Rebuilding Traffic, NPD Says April 8, 2011 | By Mark Brandau The restaurant industry is well on its way to recovery, but it has yet to rebuild traffic to pre-recession levels, according to The NPD Group, which said further gains will be spurred by product innovation, unit redesigns…

Recent Fairfield County Changes of Restaurant Ownership

The following 3 restaurant transactions were recently brokered by Steve Matsis of Pyramid Restaurant Group: A Taste of Charleston Sold on 03/01/2011 for $80,000 195 Liberty Square, East Norwalk, CT 1,800 Square Feet Valentino‚Äôs Coal Fired Oven, LLC, has purchased the assets of A Taste of Charleston, a full service restaurant & bar. Upon completion…