Restaurant Trends, Culinary, Tech and Economy Like most industries, the restaurant/food industry is using analytical data to understand how the market is being influenced and how to follow suit. As a new wave of youthful consumers begins entrenching upon restaurants, there are some key trends that they are particularly attracted to. Here is a look […]
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 […]
Are Vegan Restaurants the Next Big Food Trend? Veganism, defined as not consuming or using animal byproducts, has gone mainstream of late. It is no longer entirely acceptable to ignore vegans when designing your restaurant, and some established joints such as Gigi Pizzeria in Sydney, Australia, have gone meat free. In fact, vegan and […]
Restaurant Employee Training If you run a restaurant, then you already know the importance of a well-trained staff. While there’s going to be a learning curve for new employees, the most important thing you can do is make sure that the training you provide will actually give your new hires the skills they need […]
Restaurant Feasibility Studies Having a feasibility study done for your proposed restaurant business is critical. In fact it should be step two after you’ve put together a strong business plan. The basic purpose of the study is to tell you whether or not starting a new restaurant is a good idea. A properly […]
Restaurant Consumer Trends – Engaging Theater patrons If you run a restaurant, then you’re always on the lookout for ways you can recruit loyal, local customers. That’s why it’s a good idea to look into tapping into your local theater scene. Why theater? Well, because theater patrons tend to be locals and they tend to have […]
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 […]
Why You Should Conduct a Feasibility Study Before Starting a New Restaurant Your dream is to own a wonderful little restaurant and serve exotic foods or home-style foods or other specialized cuisines. You know deep down in your heart that it will succeed because there is nothing else like it. But are you willing […]