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 […]
Managing a restaurant involves so many moving parts, including sourcing high-quality ingredients, purchasing a seemingly endless list of supplies, managing staffing and scheduling, and budgeting for a profitable restaurant – all within a set budget. Every restaurant must aim to spend low and earn high. But restaurant finances are notoriously complex, with so many types […]
Six in 10 restaurants don’t survive past their first year of operation, and around 80% of restaurants close within five years. These grim statistics show how difficult it is to survive—let alone thrive—in the food industry. If you’re considering entering this competitive field, learning how to open a restaurant is crucial for increasing your chances […]
Anyone can open a business anywhere, but success is not guaranteed. Restaurants fail for a variety of reasons, one of which is poor location selection. The problem may be traced to limited foot traffic or a restaurant concept that doesn’t suit the area’s demographics. Finding the right location for your new restaurant can be challenging. But […]
Creating a restaurant operations manuals is a critical step to opening a food business. When you institutionalize standards, it is easier to maintain consistency in output and service. What Is a Restaurant Manual? A restaurant operations manual is the written foundation of the business. It lays out the vision of the restaurant and outlines all […]
How can I make my restaurant kitchen and bar design more efficient if space is limited? How can I incorporate a cozy, comfortable bar too? These are common enough questions, especially for small restaurant owners. However, even if space is limited, functionality and workflow don’t have to be. Space-Optimized Kitchen and Bar Design For small […]
5 Things to Consider When Opening a Restaurant When you see golden arches from a mile away, you immediately know that a McDonald’s lies ahead. That’s what successful restaurant branding looks like. It’s instant brand recognition even from a simple glimpse of the logo. But McDonald’s success didn’t come in an instant. It was borne out of […]
How Important Is A Commercial Kitchen Design? Where commercial kitchen design is concerned, more is expected and demanded. These kitchens are used more heavily than residential kitchens and their effective design contributes to a restaurant’s success. A thoughtfully planned commercial kitchen allows staff to perform well while working efficiently and safely. When done right, it can reduce staff […]
Food and Beverage Trends Eating plant-based foods while enjoying live music sparked joy in 2022. And the upcoming year will set the tone for the ultimate restaurant and bar experience. You can expect restaurant trends for 2023 to lean towards globally-inspired cuisines and comfort food and drinks at their finest, with a particular focus on […]
Restaurant Trends If you’re trying to determine the outlook for restaurant businesses in 2023, you need to keep track of the restaurant trends driving growth amidst the current economic situation. Technological developments, COVID-19, induced economic slowdown, inflationary pressures, and labor shortages—these will all affect the restaurant industry moving forward. Let’s look at how these events […]