Navigating the Restaurant Industry: A Comprehensive Guide to Restaurant Consulting
With 749,404 restaurants in the U.S., finding your footing can be challenging.
But it’s not impossible. With the expert guidance and advice of restaurant consulting firms like TRG, you can achieve the prime spot in this dynamic sector.
Why Invest in Restaurant Consulting Services
Opening a restaurant is brutal. It is stressful, exhausting, and risky.
From finalizing a concept, theme, and menu to finding the right location and dealing with financial decisions, there’s a lot of work to be done. And it has to be done right, or you’ll set yourself up for failure in a thriving industry with a CAGR of 30.32%.
Restaurant consulting services can help you tackle these challenges. We can improve your odds of leaving an indelible mark that keeps consumers returning for more.
From Design to Delivery: How Restaurant Consulting Helps
Here are some ways restaurant consulting firms help you build a thriving business:
Deciding the Concept
Conceptualizing a restaurant is important for differentiating yourself from others in the industry. A properly executed concept will influence the theme, service style, ambiance, and the food being served, setting the tone for the guest experience.
At TRG, we use a 5-step approach to develop a new concept that establishes you as a top performer. It entices your target audience to choose you over your competitors.
Assessing Feasibility
Have great restaurant startup ideas? TRG will conduct a feasibility study to determine whether it has the potential to stand out in an overcrowded market.
This due diligence will provide quantitative and qualitative data on your proposed restaurant concept. It will help you find flaws in your business plan, get up close and personal with direct and indirect competition, gauge staffing potential, and project financial outcomes. The analysis will serve as a roadmap to entice funding.
Developing a Kitchen Design
A study suggests that a thoughtful kitchen design can enhance the work efficiency of your staff, improve production output, and save operational costs and time.
TRG also ensures that employee morale and safety are boosted.
Our full suite of kitchen design services can help you create the foundation of success. We consider factors like availability of space, type and volume of operations, equipment requirements, and the skill level of your staff to make informed decisions.
Hiring the Right Staff
Your staff represents your restaurant, making finding the right ones for the job essential. It’s much harder than you’d think as the hiring pool continues to shrink.
At TRG, we reevaluate what skills you’re looking for to help you find the top performers who align with your business’ value and deliver quality service. Since poor staff management is a top contributor to failure, we also go the extra mile to help you retain valuable individuals and transform the trajectory of your business.
What about Existing Businesses? How Do They Navigate the Dynamic Landscape?
Your work doesn’t end at opening a restaurant. You also have to manage the day-to-day operations to deliver positive experiences and remain profitable.
You must keep track of inventory, get creative with marketing, upgrade your menu for the season, and ensure compliance with food and safety laws, among other things.
It can get overwhelming quickly, leading to bouts of burnout.
You can keep the job fatigue at bay by investing in TRG management & operations support. Our restaurant management consulting services provide profit and loss statements and actionable feedback for more accurate budgeting.
Take Home Message:
Americans are spending $70.1 billion eating out each month, which makes starting a restaurant a great idea — even with compounding inflation. But for it to translate into overall financial success, you need startup consulting from experts at TRG.
Interested in working with us? Contact us to learn more:
