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.

 

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.

Food Trends 2017: A Health-Conscious Perspective

Food Trends

Many of the food trends anticipated in the near future will cater to individuals who have adopted a health-conscious lifestyle, and will span the gamut from good versus bad fats to seaweed and fermented foods.

 

Food Trends

Good Versus Bad Fats

Whereas low-carb, Mediterranean and paleo diets became popular in 2016, many experts this year expect to see a greater emphasis on foods high in polyunsaturated and monounsaturated fats, such as avocado, fish and nuts.

 

Food Trends

Plant Proteins

Plant foods, such as high-fat avocados, will soon constitute another major food trend. They have increasingly grown in popularity, as dietitians have long touted the heart-healthy benefits of a vegetarian diet.

 

Food Trends

Seaweed

A key ingredient in Asian food for the past thousand years, seaweed is low in fat and calories, and loaded in nutrients like Vitamins A, B and C, iron, fiber, zinc and magnesium. While seaweed chips have seen a recent surge in popularity, culinary experts expect the seaweed plant to receive wider acclaim in the coming months.

 

Food Trends

Fermented Foods

Holistic nutritionist Kelly Boaz calls fermented foods one of the top food trends of 2017. Fermented foods have been exposed to certain bacteria and yeasts. This process of fermentation, which can alter the food’s taste, can make the food more conducive to digestion. Boaz says it may among other things help improve mental health, reduce the risk of certain cancers, and help diminish the symptoms of lactose intolerance.

 

Food Trends

Manufacturers Now Make Meatless Burgers Taste Like the Real Thing

That’s right. In fact, soy and veggie burgers have now become indistinguishable from hamburgers in both taste and texture. The only real difference, aside from their substance, is their nutritional value.

 

Food Trends

Sorghum

In addition, sorghum will likely gain traction in the health food market soon. Rich in fiber and protein, sorghum is present in cereals and chips, and will appear later this year in such foods as protein bars and crackers.

For more information on including health-conscious food in your menu, please contact us.

2016 Restaurant Menu Trends

 2016 Restaurant Menu Trends

2016 Restaurant Menu Trends

The restaurant industry is constantly changing. In the competitive world of food service, it’s important to stay well ahead of the year’s industry trends. Menu design for sustainability, interesting new flavors, and convenience are becoming more important to your customers this year. In order to help you stay on trend, we’re bringing you the top 10 restaurant trends for 2016.

 

Locally Sourced Meat and Seafood

Your customers are becoming more and more concerned about where their food comes from. Not only do they want the freshest ingredients, they also want to lower their impact on the environment by making the best choices when it comes to food.

 

Hyper-Local Food

In addition to local meats, customers want to see more local produce on the menu. For many diners, the closer the better when it comes to fruits and vegetables.

 

Fast Casual

Busy diners are flocking to fast casual restaurants, but speed isn’t their only concern. These customers want quality as well as speed, making chef-driven fast casual restaurants a major contender in the foodservice industry for 2016.

 

Convenience

Services such as Amazon and Uber are paving the way for convenience for today’s consumers. Restaurants should tap into this trend by making their food as easy as buying a new book on Amazon or catching a ride with Uber.

 

Clean Menus

Health concerns may cause diners to cook at home rather than dine out, but if your restaurant offers plenty of healthy options you can keep customers coming through the door. A well designed menu can keep your customers coming back for more great, healthy options.

 

Healthier Kids Options

Typical kids’ menus may offer items such as chicken nuggets or macaroni and cheese for picky eaters, but parents are starting to expect more creative and healthier options for their children. This year, you need to think out of the box when it comes to feeding younger guests.

 

Sustainability

Along with locally sourced food, diners want to know that their dinner comes from sustainable sources, especially when it comes to seafood. A well designed menu featuring locally sourced meat, seafood, and produce will attract diners looking to enjoy a great, ethical meal.

 

Spice It Up

Customers aren’t just looking for restaurants to turn up the heat, they are also craving more variety in seasonings and flavors. Fusion options are a great way to add new flavors to your current menu while staying true to your restaurant’s vision.

 

Comfort Foods

Although your customers may be looking for more healthy options in 2016, they also want a good opportunity to indulge in their favorite comfort foods like southern fried chicken and artisan ice cream pairings. A well balanced menu will allow diners to get the best of both worlds, offering comfort food indulgences and healthier options.

 

Food Trucks

Diners are flocking to food trucks that offer convenience and new twists on old classics such as fusion tacos and dessert sandwiches. These roaming restaurants are a great way to extend your business by offering your most popular dishes at events and near office buildings during lunchtime.

 

Staying current with new restaurant trends is essential to competing in the foodservice industry. If you’re ready to jump on one of these trends or take a new direction with your restaurant, contact TRG Restaurant Consulting. Our experienced consultants can help you design the best menu to keep your diners coming back for more.

Restaurants: Preparing for Summer

Restaurant Consultants

Hilton Cabana Miami Beach

You can see it coming, and you can feel its gradual approach. Days get longer and the somatic sensations of warmer days begin to influence our choice for a lighter wardrobe to accommodate the activities of the warmest period of the year affectionately called the summer season – compliments of the yearly summer solstice.

5 Tips To Lower Your Restaurant Food and Beverage Costs

Food and Beverage CostsThis is one of the most frequently asked questions from restaurant owners and operators;

“How can I lower my food and beverage costs?”

In this article we will provide 5 effective steps you can take towards lowering your food and beverage costs. This outline encompasses the basic steps needed to get you on the right path to a more profitable business.  You will also find we have provided a very useful Menu Analysis Template to your use. You may download it for free in section 5 below.

Guide to Seasonal Fruits and Vegetables

Spring has sprung and with the new season comes great produce!

Time to visit the local markets, stock the fridge/pantry and start working on new recipes.

Below is a guide to the season’s offerings.

Look for these spring fruits and vegetables at the market for the best flavor (and value) when in season. Note that specific crops and harvest dates depend on the climate of your region (see regional and state-specific seasonality guides for details).

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