4 Steps for Conducting a Restaurant Feasibility Study Are you thinking about starting a restaurant but aren’t sure if it will be a business success? A feasibility study can help test the viability of your idea. In this blog post, we discuss how to conduct a successful feasibility study for your restaurant idea from market […]
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 […]
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, […]
Are Vegan Restaurants the Next Big Food Trend? Veganism, defined as not consuming or using animal byproducts, has gone mainstream of late. It is no longer entirely acceptable to ignore vegans when designing your restaurant, and some established joints such as Gigi Pizzeria in Sydney, Australia, have gone meat free. In fact, vegan and […]
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 […]