In a time of year when owners and operators update and revise their restaurant bar business plan for the upcoming Holidays and New Year, there is encouraging news. Both December party forecasts and recent operator stats on sales and profits margins show signs of improvement over last year. According to this story in the Chicago…
Recent reports put rising health care costs as the reason why many chain’s restaurant business plan future development will be curtailed. According to the latest news, the health care insurance expense for companies is expected to rise significantly, and more than 150 percent at one major restaurant chain. Since the labor cost portion attributable to…
Restaurant advisors recommend treating your online reputation as a never ending story. Review sites such as Yelp can also provide powerful marketing solutions if you know how to keep up with your customers input and comments. One online company for marketing and reservations for restaurants suggests taking some ideas from a popular movie story line: “There…
Groupon can be a best friend or an unwanted guest from a restaurant management expert standpoint when it is not used correctly. Somewhat like the Entertainment Books of old that the customer could use at whatever restaurant provided the coupons, Groupon is not always going to get you return guests. Like it or not, some…
In conjunction with Amazon.com, we have added a bookstore page to our web site as an added resource to hotel advisors, restaurant and nightclub owners and investors. Several choices include publications we have consulted over the years as well as those that may be helpful if you are starting up, investing in or providing advice…
A restaurant business plan that can find money and use the latest technology to boost income is well on its way to becoming a successful venture. However, the use of technology, specifically social media like Twitter, is not just a novelty but a proven source of funding as talked about in the following article excerpts:…
Following the latest trends is an important first step in developing a new restaurant bar business plan or updating and refining an existing one. Equally important is to incorporate those trends that have legs – in other words staying power – to provide an ongoing return on investment. Here is a look at five we…
Food trends are ever changing, like music and top ten hits, as many a restaurant management consultant knows. Still, some of these new dining fads may start a new chain concept or just reinforce old menu standbys. Here’s a look at a one new and one not-so-new food idea that are making the headlines at…
Several concepts and designs are worth looking at if you will start a restaurant, change a bar or renovate a hotel this year. Some are here in the USA, another not far. Here are three excerpts on these new design projects from HA+D at Hospitality World Network: 1. The Bar at Paramount Hotel in New…
During bad economic times, success with any new restaurant is often learned from those in our industry who failed… Your business plan to open a restaurant, especially multiple locations, in a recession should include avoiding these pitfalls that can help you do it right the first time. Here are ten reasons to consider even when…