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 […]
Food and Beverage Trends Eating plant-based foods while enjoying live music sparked joy in 2022. And the upcoming year will set the tone for the ultimate restaurant and bar experience. You can expect restaurant trends for 2023 to lean towards globally-inspired cuisines and comfort food and drinks at their finest, with a particular focus on […]
Restaurant Trends If you’re trying to determine the outlook for restaurant businesses in 2023, you need to keep track of the restaurant trends driving growth amidst the current economic situation. Technological developments, COVID-19, induced economic slowdown, inflationary pressures, and labor shortages—these will all affect the restaurant industry moving forward. Let’s look at how these events […]
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 […]
Restaurant Brand Development In the cut-throat restaurant industry, the choices are now so vast that consumers have become very demanding. Whether it concerns the menu or the design of the logo or packaging material for takeout, it seems like a never-ending chase to reach the top. So, while the quality of foods must be good, […]
Restaurant Industry Trends and Outlook for 2022 In the first part of “Restaurant Industry Trends and Outlook for 2022,” we covered some key trends and insights for the restaurant industry to look forward to in 2022. Since then, we stumbled upon a few more important F&B trends that restaurant owners and restaurant-goers can expect to […]
Restaurant Design Opening and running a restaurant is no easy feat. Restaurant owners must establish the food and drinks menu, pricing, and location, along with the overall design and feel of the restaurant. That’s right. Visiting and eating at a restaurant is an experience in itself, and many elements need to be curated just right […]
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 […]
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 […]