The Restaurant Group Blog

Opening A New Restaurant: The Right Way

Opening a restaurant the right way

Is there a wrong way to open a restaurant? Indeed there is, as indicated by the high failure rate of new restaurants.

A popular belief is that 90% of restaurants fail within the first year. Whether this is true or not, no one knows. However, a study by Ohio State University indicated that 60% of new restaurants crumble after the first year, while 80% do not make it past five years.

Such dire statistics beg the question, “What should you do differently?” “How do you start a restaurant and ensure it succeeds?”

First Create a Business Plan and Do an Adequate Feasibility Study

The agreed-upon starting point of all the great businesses is to have a well drawn out business plan followed up by a study to determine if the plan is practical.

Next, Find The Right Partner to Guide You Through Concept Development

“A goal without a plan is just a wish,” said a wise man. Concept development ensures that your restaurant does not stay as merely a wish. It moves you forward by helping you come up with a long-term plan of action that perfectly aligns with your goals.

Essentially, the partner you hire will help you conceptualize your set business goals, trim the unnecessary, and strictly focus on what will guarantee success.

Select The Right Site

The benefits of starting right are well-known. With a new restaurant, picking the ideal location is the starting point that helps ensure you do not become a failure statistic.

You must analyze the demographic data of a location, examine tax data audits from nearby competitors to spot trends and consider security issues. Simply stated, research once, and then do it again and again.

With that done, and convinced you have the perfect location, it is time to consider the next step.

Develop A Restaurant Design That Works

Arguably, this the most exciting step. Beware though, because this is a step that trips many. While you might have an interesting and elaborate design in your mind, it might not necessarily be what’s best for your restaurant.

The best thing is to get an experienced consultant who will help you marry your designs with what the industry demands, and to see what has worked for other successful restaurants.

Create an Attractive Menu

If you’re starting a restaurant, you more likely have a great passion for food. Bring that passion when developing your menu, but also be very deliberate. Be sure you are offering unique menu options that your competitors do not provide.

Opening A New Restaurant The Right Way-TRG Restaurant Consultants Design Development Startup

Contact TRG Restaurant Consultants for assistance with your restaurant startup.

 

Why the Kitchen Design of Your Restaurant Matters

Restaurant Kitchen Design

Restaurant Kitchen Design

 

When thinking of starting a restaurant, kitchen design is often not a top consideration for most. After all, isn’t the kitchen just a space that will facilitate the cooking?

The answer is a resounding “No.” Your kitchen design determines efficiency, speed, and safety – three key things that could make or break the reputation of your restaurant.

Consider this; if food is consistently late in coming out because of a kitchen that does not facilitate speed and efficiency, customers will either leave or rate you poorly. Similarly, if kitchen accidents are the norm, no one will want to visit your restaurant no matter how good the food is.

With this in mind, it’s time to think about what you should do to ensure the right kitchen design.

Consult with an Expert

As an aspiring restaurant owner, it’s more probable that architecture and design are not your forte. The solution? Find a reputable expert who can look at your space and help you come up with the best possible design. Preferably, it should be a consultant who has worked with restaurants before and understands how the kitchen should work.

As your chosen consultant works, here are three things you should ensure they take into account.

I. Adequate Allocation of Space

Sufficient space should be allocated to each basic area; storage, preparation, cooking, serving, dining, and dishwashing. The consultant should work with your space, and depending on how many people you expect to work at different times of the day, allocate each area the right footage.

II. Good Flow 

The kitchen shouldn’t feel too small or too big. There should be enough space between the different working areas to ensure movement is easy and that employees can efficiently work together without inconveniencing one another.

III. Meets All the Required Codes

If your restaurant doesn’t pass inspection, then you can’t work. During the design and construction, ensure your consultant takes the state, local and health codes into account.

Contact TRG Restaurant Consultants for a free consultation.

How to Open a New Restaurant

How to Open a New Restaurant

5 Key Steps on How to Open a New Restaurant

Owning a restaurant can be a good way to make money as an entrepreneur. The constant flow of customers plus the stability the restaurant industry enjoys guarantee continuous flow of revenue throughout the year. Although having a restaurant may look like an easy way to make a living, it takes a great deal of effort, money and time to actually get the business up and running. Here are some crucial tips on how to open a new restaurant.

Develop a Concept

With hundreds of thousands of restaurants existing in the United States alone, it may seem right to think that all ideas have been exhausted and that there is nothing new you can create. This is absolutely wrong.  At TRG Restaurant Consulting, we help clients develop fresh and highly effective concepts for their restaurants. Our experts work to ensure that the concepts conform to the visions of our clients as well as their preferences for location, time, type of menu and style of service. We then research the market, study potential competitors, create a plan of action and prepare a comprehensive report to help our clients smoothly implement the ideas established in the concepts.

Develop a Brand

The brand matters. It is the voice of the restaurant in the market. It tells the story of the restaurant, including its key objectives and what it stands for. At TRG, we help clients create brands that express who they really are and what they believe in. Our branding gives customers a reason to share with others about your restaurant and instills confidence and trust in them. Branding services offered include graphic designs for signage, logo, menu and business cards, and internet marketing.

 Design the Kitchen and Bar

A perfectly designed kitchen and bar create a lot of space for storage, cooking, dining and dishwashing, provide good workflow and help the restaurant comply with health and building codes. TRG Restaurant Consulting experts design kitchen and bars that enhance efficiency, worker productivity and safety. They ensure proper architectural and interior design layout and offer professional installations, equipment selection, food service layout, ventilation system drawings and many more.

 Create a Business Plan

A business plan is an important tool that helps guide decisions in a restaurant. It provides clarity on the key goals of the business, from operations to finance and marketing. Our team of experienced and highly qualified experts provides up to 30 pages of business plans. The plans feature one and five-year profit and sale projections, mission statement, marketing overview and a rough draft of the menu.

 Conduct A Feasibility Study

A feasibility study is a factor an aspiring restaurant owner should consider. It looks at how viable the business ideas are by identifying potential problems and possible successes. At TRG, we conduct a preliminary analysis to screen the ideas established in the concept, conduct market surveys, analyze all relevant data and provide final recommendations to our clients.

Feel free to contact us today for free consultations and comprehensive feedback on our services.

5 Things Every Restaurant Owner Must Know

Open a Restaurant

 

Owning opening a restaurant is a fun and exciting experience. However, there are things that everyone must be aware of going into the business. Here are the five most crucial things every restaurant owner must know before opening.

1. Know Your Concept- To be successful, a restaurant needs a clear concept. Often, people go into the restaurant business knowing what food they like to eat or cook, but fail to have a clear image of things like atmosphere, dining style, and decor. To begin, a restaurant owner must develop a concept statement. A concept statement will include your culinary theme in terms that are broad enough for menu versatility but narrow enough for identity. Next, describe the atmosphere and dining style. Dining styles to consider are buffet, casual, fast food, bistro, cafe, counter service, and fine dining. Finally, your concept will be complete when you choose the decor that provides cohesion of the menu, atmosphere, and dining style.

2. Know Your Customers – Identifying your target market is a crucial step. To do so, you must understand how your restaurant concept will appeal to this group. Think about your customer in terms of demographics like gender, age, race or ethnicity, income level and geographic location. These factors will determine to whom you will market restaurant and help you develop successful advertising campaigns. It will also serve as a guide for you to use as you further develop your concept.

3. Know Your Community – It is important to know the community in which your restaurant is located to best determine hours of operation, peak hours, pricing strategies, and special promotions. If you are located in a bedroom community you could expect to have a larger evening and weekend service, whereas a community of retirees would be markedly different than a college town.

4. Know the Rules – The restaurant business operates under a number of regulations from the health department to regulations involving pay. There will be state and local regulations as well. You must ensure that you are in compliance with all these rules and regulations before you can expect success. A few employment regulations to be aware of are the minimum wage and tips reporting requirement. Depending on the size of your workforce you need to also be aware of human resources issues such as documentation of employees and discriminatory hiring practices.

5. Know Your Bottom Line – Most people that go into the restaurant business, do so for the love of the food, not for the love of crunching numbers. Understanding the business side of things, however, is one of the most important things a restaurant owner should do from the start. If you are new to the industry, taking classes in hospitality management and hiring an experienced management staff are two important first steps.

To learn more about the restaurant and hospitality industry and to discover how we can make your dreams of restaurant ownership a reality, connect with us today.

Restaurant Feasibility Study: Why You Need One Now

Restaurant Feasibility Study

 

A restaurant feasibility study is an important step when considering starting a new restaurant. A simple feasibility study could save you time, money, and a huge headache.

What is a Feasibility Study?

A feasibility study evaluates the variables in a particular project, such as starting a new restaurant. The study takes into account the cost of material and labor. However, it doesn’t stop there; this study tries to identify every possible problem that could arise during the project. It inspects the market to determine if it will grow and evaluates the current competition. The study also looks at the business model to ensure that there are no issues with the plan. The study takes into account the skills and resources the investors provide in an attempt to determine if they have the tools to start and run a business. These are just a few aspects of feasibility studies. To see the complete list, visit The Restaurant Group.

Why Should You Get a Feasibility Study

It is important to understand your business plan and the market down to the most minute detail. A feasibility study will likely bring up issues that you didn’t realize were a possibility.

This study won’t just tell you if you have the funds to open a restaurant; it will inform you as to whether or not you also have the resources, tools, and market to open a successful restaurant. This knowledge is invaluable.

Feasibility studies give you the opportunity to be a step ahead of any issues. Solving an issue before it even becomes a problem, sets you up for success.

How to Get a Feasibility Study

If you are starting a new restaurant and want a feasibility study, visit The Restaurant Group to get more information and a free quote.

The Restaurant Group has 7 years of experience consulting with new and established restaurants across the country. This company is detail oriented and dedicated to provided exceptional services. The expertise that The Restaurant Group provides will surely be a vital tool as you begin your new business venture.

10 Key 2018 Restaurant Trends To Look Out For [Part 1]

 2018 Restaurant Trends

2018 Restaurant Trends (Part 1)

The restaurant industry is undergoing a constant wave of change, especially with the evolution of digital technology. From marketing to delivery, to service – each segment of the industry has experienced a massive shift.

This will continue in 2018 and for restaurants to succeed in the new year, it is vital to keep an eye on what trends are beginning to emerge for 2018 and strategize on the best ways to leverage these for individual success. Here are just a few that are sure to dominate 2018:

1) A major focus on sustainability

One major aspect of the business that restaurants must focus on in 2018 is sustainability. Whether it is zero-waste cooking or improved efforts to recycle and reduce waste – sustainability must be at the heart of it.

Not only is it necessary from an environmental point of view, but it is something that greatly resonates with consumers and can be incorporated into the restaurant experience as a whole.

Savvy foodies enjoy knowing that the food they are consuming is created under ethical and sustainable standards and this can be a major force in marketing and advertising as well for restaurants themselves.

2) Constant innovation

The truth is, digital media has contributed to setting much higher standards when it comes to food, presentation and menu innovation among consumers. Customers want menus that have a global feel, a range of diversity and the knowledge that the restaurant itself is dedicated to innovating the food experience.

For some, this might mean incorporating more exotic and different ingredients (this could include grains, powders, and ashes – just to name a few). Or it might mean rethinking menu staples to offer a fresh twist on classic items.

3) A continual embrace of technology

From an operational standpoint, it is imperative that restaurants continuously embrace technology and incorporate it as best as possible for a seamless experience. Automating key parts of the restaurant experience is one facet of this, as is using technology to really understand the core of your business.

There is now a wide availability of data that can be used to improve the consumer experience and that will become a major factor for success for restaurants. Using data and technology to really understand your customers and their preferences, and creating a customer journey accordingly will be a major trend for 2018.

4) Customizing the experience

Whether it is more choices in ingredients or creating an experience through rewards or loyalty program, customization needs to be at the heart of every operation.

Restaurantgoers are now increasingly expecting a level of personal service with their food experience, and restaurants need to able to scale their technology efficiently to deliver on this. This could start from the very beginning of the customer journey when they book their table to when they arrive, but that element of a personal touch must be there.

5) Seamless delivery integration

Speaking of personalization, customers also enjoy a new level of convenience that was not present before. Restaurants should increasingly look for methods to integrate delivery options as well in order to reach wide customer bases.

This might mean partnering with local delivery agents, or even starting with smaller steps to integrate takeaway options for customers as a starting point to see the level of demand for other options.

 

Contact TRG for your restaurant consulting needs.

Early Feasibility Study for Restaurant Entrepreneurs

Restaurant Feasiblity Study

Restaurant Feasibility Study

 

We’ve all seen it happen, a restaurant comes into town, has amazing food and still does not make it through a single year of business. We have also seen establishments with questionable quality or service stay in business for years. When an entrepreneur begins to formulate plans for a new restaurant, they often plan out details they have not seen in other establishments.  Do those personal touches matter? The answer is ambiguous without evidence based research.

TRG Restaurant Consulting has unmatched experience predicting the success of a new restaurant with the use of a feasibility study.  Some entrepreneurs skip this step but doing so is a large financial gamble. Protecting your investment early is a must to financial stability.

What is a feasibility study and when should a potential business owner consider investing in one? A feasibility study takes into consideration all variables of a restaurant’s success. They begin with big picture variables, such as the climate of restaurants in the area, and work backward through the smallest of details. These variables are the objectives relating to the success and longevity of a specific business, in a specific location at a specific time.

A quality feasibility study will guide an entrepreneur by determining if this is the right time and place to start this specific restaurant. There are other agencies which offer some form of consulting services. To be certain you are choosing a quality study and making wise investments, please contact TRG Restaurant Consultants. Our team is ready to provide our experience for your future endeavor.

Tips on Starting a New Restaurant

Starting a new restaurant

Starting a new restaurant

Starting any kind of business can be challenging and, in many cases, outright daunting. Restaurants are no exception. Here’s an idea of what the process will entail.

Concept 

The first step in starting a new restaurant is developing a concept, which lays the groundwork for all that follows. You then need to design a plan of action. We at TRG can help you through our five-stage process:

  • Alignment — You’ll present to us your vision, as well as ideas for things like menu design, location and budget.
  • Research — We’ll compile a strategic list based on potential competition in your target market area.
  • Analysis — We’ll do a comparative analysis, pitting your restaurant against the competition.
  • Plan of Action — During a brainstorm session, we’ll create a plan of action that will include all aspects of your operation, including kitchen and bar design, menu, brand value, ideal location, and other requirements.
  • Reporting — We’ll help your restaurant achieve a smooth implementation and launch.

Brand

Here at TRG, we realize that brand is everything. It’s through branding that you convey your restaurant’s personality, paving the way for brand loyalty. We can help develop your brand and thereby create a lasting impression on your customers. TRG can provide services in such areas as graphic design and brand development.

Kitchen and Bar Design

A great kitchen design is essential for every restaurant, as it can help guarantee repeat business. Our consultants have real world experience and the know-how to help you design your kitchen and bar so you can generate repeat business. We can help you pick the perfect restaurant kitchen and bar design that both helps generate profit and reflects your brand and values. Don’t worry — we’ll guide you every step of the way.

Business Plan

A business plan is necessary to obtain funding for your operation. At TRG, we can help you craft a 20-30 pages business plan that we think could attract potential investors. Each plan, which we would deliver in both printed and digital formats, would include:

  • A mission statement.
  • A Business and Marketing Overview.
  • One- and Five-Year Sales and Profit Projections.
  • A Rough Draft of the Menu and more.

We’ll also provide you with a restaurant strategy plan, which will include 400 issues restaurant owners must address when they’re opening their business.

Feasibility Study

The next step would be a feasibility study to ensure that your concept aligns with your goal of maximum profitability. The study would include data and recommendations for such crucial elements as: local restaurant marketing potential, traffic count, possible location problems and solutions, demographics and identification of the target area, staffing potential, advertising options, direct and indirect competition, photos of the target trade area, and issues involving ingress and egress.

We can help you transform your restaurant idea into reality. For more information, please contact us.

Is Your Menu Intimidating? TRG Menu Development Can Help

TRG Menu Development

Menu Development

 

Have you ever sat down at a restaurant and opened up the menu only to find that your choices seem endless? Having too many options is often overwhelming. Even the most experienced Chef cannot possibly be well versed in all areas. The odds that your kitchen staff can serve world-class Sushi and BBQ up some killer ribs are slim, and your guests know this. A menu with too many items sends the message to your patrons that your establishment doesn’t excel in any one item, rather, it offers an array of mediocre items.

People like options and you should certainly give them some. Try limiting your menu to just a handful of items that your restaurant can knock out of the park. Doing this has several advantages that might surprise you. It cuts inventory costs and allows reallocation of those funds towards higher grade ingredients, thus increasing the overall quality of your product. Offering less menu choices also creates less memorization for your wait staff; decreasing the odds of mistakes which results in happy customers. Perhaps the most positive change is that this will brand your restaurant. You will now be forever known for the amazing niche items prepared unique to your restaurant. This will attract the people whom are truly interested in what you have to offer, and likely result in a positive reputation amongst your community. Another positive is that you can bump of the price of your dishes with confidence, generating more profit. Remember this: less is more.

The menu is the first encounter a guest has with a restaurant. Contact TRG Restaurant Consulting, to learn more about our menu development services and how we can help to ensure that all the dishes on your menu not only stand out for their own merits, but also work together to form a cohesive whole.

 

TRG SUPPORT AFTER HURRICANES HARVEY AND IRMA

Hurricane Irma devastated Florida leaving over 6 million people out of their homes, and now its time to start the clean up process.

Hurricane Irma Harvey Restaurant Support

In the wake of Hurricanes Irma and Harvey, we’re supporting restaurant and hospitality businesses affected by the storms.

TRG is standing by you and with you, ready to help in any way we can. Have equipment that was damaged and needs to be replaced? We can help with that. Need to rebuild, we can help with that, too. Whatever you need, we’re here to roll up our sleeves and help you move forward.

TRG is now offering Hurricane Relief Assistance discounts on all services and equipment to those in affected areas. Proceeds from now till November 1st, 2017 will go to the American Red Cross, Save the Children, Humane Society and/or local food banks to support rescue and recovery efforts.

LOOKING TO LEND A HAND?

If you’re looking for a way to help with the relief efforts, there are several charities always looking for volunteers and donations. See how you can make a difference today.

A great way for you to help is by visiting Red Cross Relief Fund for Hurricane Irma and Harvey for a quick easy cash donation, simply select ‘Harvey’ or ‘Irma’ when you donate.

Click below for more ways to help.

Of course with the closure of blood banks, there may be a shortage of blood. You can also contact the Red Cross to make an appointment to donate blood.

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