Food Trends Going out to eat is more popular than ever. In recent years, restaurant spending has outpaced grocery spending for the first time in history. Restaurants that do well to attract customers usually emphasize the economical and convenient aspects of their foods and food services. Some of the highest grossing restaurants include McDonald’s, Subway, […]
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 […]
Sustainable Restaurants According to a recent study by the National Restaurant Association (NRA), an increasing number of restaurants are employing methods designed to make sustainability an integral part of their businesses processes. The survey, which explored the sustainability practices of 500 restaurant owners and managers, found also that transparency in menus is becoming more […]
First, congratulations on wanting to start your own restaurant. This is no small undertaking. It starts with a vision, and entrepreneurs are visionaries. So, where do you start? You have an idea, but then what? You’ll need a location, a restaurant brand, a menu, staff, kitchen equipment, marketing and advertising, and so on. But […]
Is there a wrong way to open a restaurant? Indeed there is, as indicated by the high failure rate of new restaurants. A popular belief is that 90% of restaurants fail within the first year. Whether this is true or not, no one knows. However, a study by Ohio State University indicated that 60% of […]
What Millennials Look For In A Restaurant According to studies, Millennials are more reliant on food service than any other generation. This is what makes understanding millennial dinning habits critical for any restaurant’s success. Interestingly, it’s not just food & taste that are most important to them. It has more to do with customized menu designs, […]
Restaurant Consumer Trends At your restaurant, you may have noticed a phenomenon that is definitively occurring nationally: lunch business is sagging a bit more than it used to. According to market research firm NPD, lunch visits were down 4 percent at the end of the year, a notable decline in a broader context that […]
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 […]
2018 Restaurant Trends (Part 2) The restaurant industry is constantly evolving and changing, from marketing to delivery, to service – each segment of the industry has experienced a massive shift. This will continue throughout 2018 and for restaurants to succeed, it is important to keep an eye on what trends are emerging in 2018. Here is part 2 of […]
2018 Restaurant Trends (Part 1) The restaurant industry is undergoing a constant wave of change, especially with the evolution of digital technology. From marketing to delivery, to service – each segment of the industry has experienced a massive shift. This will continue in 2018 and for restaurants to succeed in the new year, it […]