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 rest of 2024. We are not interested in those hyped by social media finding for a […]
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 […]
Creating a restaurant operations manuals is a critical step to opening a food business. When you institutionalize standards, 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 […]
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 […]
2022’s Restaurant Industry When the pandemic in 2022 struck, every restaurant in the food industry was affected by numerous challenges such as coping with social distancing and food service restrictions. Some restaurants began offering food delivery services and logistics became a big turning point. While it was not a perfect solution, it helped many businesses […]
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 […]
Opening a New Restaurant The restaurant industry is a lucrative one. People love to eat out, and with the right concept, your new restaurant could be a success. But before you take the plunge and open up shop, there are a few things you need to consider. This blog post will outline some of the […]