Our restaurant industry has been met with the most difficult operational challenges in modern time. These changes all happened practically overnight, but the industry’s spirit and determination should not be underestimated. But, speaking with a restaurant consultant on how to deal with COVID-19 mandates can make things a whole lot easier. While dealing with all […]
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 […]
First and foremost, we want to congratulate you on your new venture. Opening up a restaurant is no easy feat. It takes a tenacity and drive not common in most people. It also takes a willingness to stand up to a fear that most people aren’t willing to stand up to. A fear that every […]
A solid business plan is the critical first step in getting funding for your restaurant. Many entrepreneurs struggle with this aspect. You are not alone! The pristine vision you have for your future business will now become numbers on reports for potential lenders. Although a business plan does not convey all of your original ideas, […]
How Demographics, Lifestyle, and Technology are Changing Restaurant Consumer Trends In general, demographics refer to quantitative characteristics such as age, gender, and geographic location used in marketing to segment large populations into small, marketable groups with similar characteristics and collectively influence many consumer trends, behaviors, and expectations. By understanding more about current and […]
Why You Should Have a Feasibility Study Before You Start a New Restaurant A charming Italian restaurant full of warmth, laughter, and the best of Italian cuisine. That might be your dream, complete with a location picked and the money set aside. It is an amazing dream, but is it practical? That’s the purpose of […]
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 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 […]