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Stock impact report

Checkers & Rally's new prototype cuts square footage almost in half [Yahoo! Finance]

Potbelly Corporation (PBPB) 
Last potbelly corporation earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.potbelly.com/investor-relations
Company Research Source: Yahoo! Finance
Checkers & Rally's has developed a smaller prototype for its restaurants, reducing construction costs and real estate requirements, according to a press release emailed to Restaurant Dive. The prototype is about 570 square feet, much smaller than the chain's previous 1,008-square-foot locations. With high interest rates and construction costs, brands ranging from Famous Dave's to Potbelly are looking for ways to reduce the investment needed by franchisees. This shift to a smaller store footprint reflects broader industry trends. Just in the last few weeks, Jamba announced a standardized store format that reduced development costs ; &pizza standardized its store size to 1,200 square feet as part of a franchising push ; and Little General announced it would open several small-format Buffalo Wild Wings “Go” locations in its c-stores Checker's & Rally's reduced its space by offering the option for a single drive-thru, rather than the chain's standard double drive-thru. It also in Show less Read more
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