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 […]
Commercial Kitchen Design The layout and design of your commercial kitchen matters. These are some of the main reasons why it’s worth it to focus on creating an efficient commercial kitchen design for your restaurant. Make Better Use of Your Space First of all, depending on the size of your kitchen, you might have […]
A restaurant feasibility study is an important step when considering starting a new restaurant. A simple feasibility study could save you time, money, and a huge headache. What is a Feasibility Study? A feasibility study evaluates the variables in a particular project, such as starting a new restaurant. The study takes into account the cost […]
Restaurant Feasibility Study We’ve all seen it happen, a restaurant comes into town, has amazing food and still does not make it through a single year of business. We have also seen establishments with questionable quality or service stay in business for years. When an entrepreneur begins to formulate plans for a new restaurant, […]
Menu Development Have you ever sat down at a restaurant and opened up the menu only to find that your choices seem endless? Having too many options is often overwhelming. Even the most experienced Chef cannot possibly be well versed in all areas. The odds that your kitchen staff can serve world-class Sushi and BBQ up […]
Established business owners sometimes feel that updating or renovating their restaurant space is an unnecessary expense. After all, if it’s not broken, why fix it? However, you could be losing business if it has been more than five or six years since you’ve changed up the customer experience at your restaurant. If you think you […]
Food service is unarguably one of the most challenging industries for a business owner. With heavy competition and high failure rates, it’s important for your business to stay relevant if you want to succeed; however, due to the changing nature of the industry, staying relevant today is not the same as it was when you […]
Millennial Marketing for Restaurants Marketing to Millennials is a huge undertaking and requires consideration. As a generation, Millennials are more likely to be computer savvy, to have disposable income and to be more decisive when it comes to food than their parents’ generations. Currently, Millennials are the largest consumer generation group in the United States, […]
Photo: Victor J. Blue / Bloomberg Minimum Wage Increase Effects on the Restaurant Industry At a time when minimum wage in the United States varied from $5.15 in Wyoming, to $9.15 in Connecticut, and with the Federal wage set at $7.25, New York made history when they raised their minimum wage to $15.00 (source: […]
Restaurants and all businesses in general have very similar lifecycles comprising five stages beginning with the startup phase, where restaurant design is crucial, and ending with either a rebirth or reinventing of the business model as it begins to decline and deteriorate; or dissolution as a going concern due to irrelevance with current market trends. […]