Food Cost Management Not much can spell disaster for a food establishment faster than high or fluctuating food cost. Food cost goals change depending what style of food service you provide; fast food, fast casual, casual dining, or fine dining. With a food cost range of 28 to 35 percent, it is important to first […]
Restaurant Consumer Trends: Millennial Population More than other generations, millennials want to eat healthier and take part in an active lifetsyle. They are moving away from a fear of calories and carbs to a diet that includes these along with fats. Thirty-three percent of millennials are using bloggers to gather information about nutrition and health. Also, 36% of […]
Menu Pricing: Getting the Food and Drinks Pricing Right: The Difference Between Succeeding and Going Under Yes, having good quality food and drinks is the key to success, but so is the pricing. Think about influential restaurateur Barbara Lynch for instance. She credits the opening of her second and third restaurants to learning about […]
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 […]
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, […]
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 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 […]