Lackluster Performance? Save Your Restaurant With These Restaurant Turnaround Strategies Let’s not beat around the bush—running a restaurant is very hard. It’s why only a few businesses last long enough to become local institutions or large, multi-location chains. It’s estimated that 80% of restaurants close within their first five years of operations. And even a […]
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 […]
Mastering the Startup: Essential Tips for Opening a New Restaurant Nearly 53,800 restaurants opened their doors last year. While the industry has proven its resilience and remains in demand throughout the year, not all establishments are sustainable over the long haul. What’s one of the most important aspects that can influence long-term success? Implementing a good […]
Launching a business in a highly competitive industry like food and beverage (F&B) requires a deep and extensive understanding of the factors that fuel success. Knowledge of kitchen operations and finance is valuable but often insufficient for meeting business goals. This is why many successful restaurateurs hire business consulting firms to help them get started […]
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 […]
What, Why, And How The restaurant industry is one of the most competitive and demanding industries in the United States. A lot of this is because it’s incredibly hard to find and acquire a new diner. It’s even harder for restaurants to compete with fellow restaurants, especially when factors such as price, convenience, and location […]
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 […]
The COVID-19 pandemic has shown us that the food industry is not recession-proof. Here is a guide on how to succeed in the post-pandemic world. The pandemic caused by the COVID-19 virus has transformed our society and had effects in several industries, mainly in the food industry. With vaccine production and mass vaccination, we are […]
Key Restaurant Industry Takeaways for 2020 – Challenges and Innovations With a challenging and unprecedented 2020 nearly behind us, it is useful to take stock and pause to review the year’s challenges and opportunities. The pandemic has upended the hospitality industry. The restaurant industry specifically has been plagued with never-ending challenges, difficulties, and, inevitably, closures. It […]
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 […]