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 Sustainability Can you imagine adding up all the food wasted at your favorite restaurant in one day? Multiply that by seven days. And now by 30 days. Could that not be donated to your local charity to help the starving? Maybe multiple charities? Could the amount of waste not be decreased, so […]
First Quarter 2019 Restaurant Trends It sounds like something from a science fiction movie: a juicy steak grown in a lab and served in a restaurant. But that science fiction story is quickly becoming a restaurant reality. Also known as “motherless meat”, it’s likely to be one of the hottest trends in the restaurant business. […]
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 […]
As Third-Party Delivery Expands among Restaurants, Customer Base Broadens Move over Domino’s, there’s a whole lot of restaurants doing delivery these days. A recent Los Angeles Times article about an NPD Group study reports an explosion of delivery by restaurants through third-party aggregators such as UberEats and GrubHub. In fact, the industry has seen […]
Operations Analysis It takes so much more than a few outstanding recipes or a single acclaimed chef on the payroll to raise your restaurant’s visibility in the ever-growing dining-out market. With the public being educated by cooking shows that feature some of the world’s most beloved chefs, the bar is now raised, the gauntlet […]
There are plenty of studies that will tell you that anywhere between 30 and 40 percent of the overall food supply in the U.S. ends up in landfills. According to a 2014 study, restaurant sector respondents reported approximately 84 percent of food waste was literally thrown away. The impact on profit The report estimates that […]
There are many great benefits to buying locally grown and raised foods for your restaurant. For one, using local foods will reduce your restaurant’s expenses. The cost of shipping food and higher fuel prices can directly impact a restaurant’s cost of goods and profit margins. Purchasing seasonal ingredients from nearby sources ensures a better product […]
This is one of the most frequently asked questions from restaurant owners and operators; “How can I lower my food and beverage costs?” In this article we will provide 5 effective steps you can take towards lowering your food and beverage costs. This outline encompasses the basic steps needed to get you on the right path […]