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 […]
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 rest of 2024. We are not interested in those hyped by social media finding for a […]
4 Steps for Conducting a Restaurant Feasibility Study Are you thinking about starting a restaurant but aren’t sure if it will be a business success? A feasibility study can help test the viability of your idea. In this blog post, we discuss how to conduct a successful feasibility study for your restaurant idea from market […]
Maintaining a competitive edge in the foodservice landscape is no easy task. As any restaurant operator can confirm, succeeding in the modern marketplace requires constant innovation and the ability to capitalize on the latest trends. This is especially true amid the pandemic. Here are a few restaurant growth strategies to keep business moving forward through the […]
Food and Beverage is a relative term concerning a large part of the hospitality industry, and what goes into the development of these critical aspects of the bar and restaurant business involves much more than typical startup costs. Whether a corporate bar & bistro, or a privately owned sports pub, the controls used to keep […]
Food Cost Management Not much can spell disaster for a food establishment faster than high or fluctuating food cost. Food cost goals change depending what style of food service you provide; fast food, fast casual, casual dining, or fine dining. With a food cost range of 28 to 35 percent, it is important to first […]
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 […]
First Quarter 2019 Restaurant Trends It sounds like something from a science fiction movie: a juicy steak grown in a lab and served in a restaurant. But that science fiction story is quickly becoming a restaurant reality. Also known as “motherless meat”, it’s likely to be one of the hottest trends in the restaurant business. […]
Restaurant Cost Controls The success of your bar or restaurant depends on cost control as much as it depends on quality of drinks, food, service and the convenience of your location. As the owner of any establishment, you have a slim margin within which to work. The National Restaurant Association reports that in food service […]
How To Improve Restaurant Revenue While the food service industry overall experienced it’s eighth consecutive year of industry-wide growth, restaurants on an individual scale are competing for the same consumers. This article on Nasdaq states “Instead of generating added sales, each new restaurant is eating up shares from others.” What does this mean for […]