Managing a restaurant involves so many moving parts, including sourcing high-quality ingredients, purchasing a seemingly endless list of supplies, managing staffing and scheduling, and budgeting for a profitable restaurant – all within a set budget. Every restaurant must aim to spend low and earn high. But restaurant finances are notoriously complex, with so many types […]
Six in 10 restaurants don’t survive past their first year of operation, and around 80% of restaurants close within five years. These grim statistics show how difficult it is to survive—let alone thrive—in the food industry. If you’re considering entering this competitive field, learning how to open a restaurant is crucial for increasing your chances […]
What’s the outlook for 2024 in the restaurant scene? Predictions may not be an exact science, but trends point to where the tide is going. By trends, we mean those that have a reasonable basis to linger for the next couple of months or for the rest of 2024, not simply those hyped by social […]
In 2023, the restaurant industry faced challenges and opportunities in the lingering aftermath of the COVID crisis, with the impact further shaped by emerging 2023 food trends. As the public welcomed a new sense of normalcy, restaurants scrambled not just to survive but also to grow and recover from the impact of the setback. The […]
Anyone can open a business anywhere, but success is not guaranteed. Restaurants fail for a variety of reasons, one of which is poor location selection. The problem may be traced to limited foot traffic or a restaurant concept that doesn’t suit the area’s demographics. How to find the right location for your new restaurant can be […]
Establishing detailed restaurant operations manuals is a critical step to opening a food business. When standards are institutionalized, it is easier to maintain consistency in output and service. What Is a Restaurant Manual? A restaurant operations manual is the written foundation of the business. It lays out the vision of the restaurant and outlines all […]
Successful restaurants do more than just sell food. They sell an experience, and this is closely tied to the restaurant concept. A restaurant concept is the overarching theme of the restaurant that covers its ambiance and decor, location, menu, service style, vibe, and culture. It may not come to you clearly at first, as a […]
How can I make my restaurant kitchen and bar design more efficient if space is limited? How can I incorporate a cozy, comfortable bar too? These are common enough questions, especially for small restaurant owners. However, even if space is limited, functionality and workflow don’t have to be. Space-Optimized Kitchen and Bar Design For small […]
Launching a restaurant is no small task. The journey from researching locations to recruiting staff can seem long, and many things can go wrong. Sure, you will get better with time. But you also want to get the first steps right if you want a share of the $4.43 trillion global food service market. And […]
5 Things to Consider When Opening a Restaurant When you see golden arches from a mile away, you immediately know that a McDonald’s lies ahead. That’s what successful restaurant branding looks like. It’s instant brand recognition even from a simple glimpse of the logo. But McDonald’s success didn’t come in an instant. It was borne out of […]