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 […]
The Impact of a Restaurant Consultant on Your Business Success Managing a restaurant isn’t as glamorous or easy as it may seem. From managing inventory and bookkeeping to planning menus and hiring the right personnel, you wear many hats. The hours are long, the profit margins are thin, and the overheads are high, but bringing […]
Maximizing Your Restaurant’s Potential: A Comprehensive Guide by TRG Restaurant Consulting Managing a restaurant is hard work. In the bustling and dynamic food service industry, you always try to provide a pleasant guest experience while ensuring a positive cash flow after all expenses have been accounted for. A Restaurant Consulting Firm like TRG can make things […]
The Importance of Conducting a Feasibility Study for Your Restaurant Opening a restaurant is a passion project for many. Crafting their own menu, creating a space where people can share meals and strengthen bonds, and having a place to call one’s own are, after all, compelling motivators. However, if you’re an aspiring restauranteur, you shouldn’t […]
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 […]
Restaurant Industry Trends and Outlook for 2022 In the first part of “Restaurant Industry Trends and Outlook for 2022,” we covered some key trends and insights for the restaurant industry to look forward to in 2022. Since then, we stumbled upon a few more important F&B trends that restaurant owners and restaurant-goers can expect to […]
Restaurant Industry Trends and Outlook for 2022 Change is an inevitable part of life, more so if you’re in the F&B industry. That said, restaurants mainly had to stay abreast of changing food and beverage trends. Until last year that is. The pandemic not only ravaged the fortunes of restaurants worldwide, but it also forced […]
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 […]