TRG Blog

How To Open a Restaurant

Thinking About Opening A Restaurant? Opening a restaurant of your own is something that many people dream about. If you’re ready to make your dream of having your own restaurant a reality, we put together this guide so you can successfully open one.  We cover everything from choosing a location to managing staff and finances, with […]

Concept Plan And Brand Development

Restaurant Concept Planning A study[1] conducted by Ohio State University suggests that 60% of restaurants do not survive past their first year, and 80% are said to fail within five years. What complicates being a new entrant in the restaurant business is that at least 13%[2] of consumers don’t shift their loyalty from their preferred restaurants.  Though […]

Why You Need a Restaurant Designer

What is a restaurant designer Foodservice is a booming business category, and therefore restaurant consultants have become more of interest and revered as a sought-after industry. But not all restaurant designers and consultants are created equally – it is wise to conduct thorough interviews and hire someone that aligns well with your overall business goals […]

Restaurant Sustainability Efforts and Customer Attraction

Restaurant Best Practices According to the National Restaurant Association’s “What’s Hot” report, American Culinary Federation chefs named sustainability and waste reduction in the top trends of the year. In fact, seven of the top twenty trends listed by the chefs related in some way to sustainable and environmentally sound practices. For some time now, the […]

Food and Drinks Menu Pricing

  Menu Pricing: Getting the Food and Drinks Pricing Right: The Difference Between Succeeding and Going Under   Yes, having good quality food and drinks is the key to success, but so is the pricing. Think about influential restaurateur Barbara Lynch for instance. She credits the opening of her second and third restaurants to learning about […]

Creating a Successful Restaurant Business Plan

A solid business plan is the critical first step in getting funding for your restaurant. Many entrepreneurs struggle with this aspect. You are not alone! The pristine vision you have for your future business will now become numbers on reports for potential lenders.  Although a business plan does not convey all of your original ideas, […]

New Restaurant Feasibility Study

  Why You Should Conduct a Feasibility Study Before Starting a New Restaurant Your dream is to own a wonderful little restaurant and serve exotic foods or home-style foods or other specialized cuisines. You know deep down in your heart that it will succeed because there is nothing else like it.  But are you willing […]

Opening A New 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 […]

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 […]

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