Restaurants and bars that are in default on their bank loans, not paying their investors or have business partner disputes, often require a neutral party to be brought in to preserve the assets and improve the income, such as court appointed receivers or a restaurant turnaround consultant. Like hotel receivership services and hotel turnaround services,…
There was a study published this week from another restaurant advisor on the current state of the economy and the long road still ahead for the foodservice and hospitality industry. In essence, it says that “innovation” will be the key to a rebound – not growth, which epitomized many restaurant chain stories prior to the…
The latest stories we follow in our restaurant management consultant group focused on the strongest retail markets, increased food costs expectation and more signs of trouble for a major chain among already saturated foodservice concepts. Here are those summaries and our take on it: Like retail, restaurants enjoy the same customer density and growth patterns…
Stories we follow in our restaurant management consultant group indicate more signs of an economic rebound in the foodservice industry. There is also continued talk about rising food prices as a result of worldwide events. And, if you are a fan of the iconic California In-N-Out chain living in Texas, those burgers are soon to…