Our restaurant advisor focus on food fads is all about what you should not be eating or will at some restaurant chains. It is also about a return to comfort food that is not about eating right but feeling good about what you are eating. As reported in ABC News, this chain is opening a…
The latest statistics published in a special report from Chain Store Guide’s “Chain Restaurant Operators Industry Summary for 2010” point to slow but steady improvement in year over year foodservice sales says this restaurant management expert. Whereas 2009 showed a significant drop over 2008 – 0.5% real growth versus 3.5% – the first half of…
Watching and adjusting manpower levels is probably the most important M that a restaurant turnaround consultant will evaluate. It can adversely affect your existing money and marketing significantly. However, many independent restaurant operators and those who lack prior restaurant management training will often overlook this key cost within a food service operation. DiningRoom Table SettingFor…
Like many other important holidays, restaurant planning for marketing promotions and programs should not overlook the beginning of the Lunar calendar. It is important to note that a major portion of the world’s population in Asian countries, such as China, Japan, Korea and Vietnam, will ring in the start of the New Year on January…
Restaurant expert reports from July 2013offer a mixed bag of news for owners of restaurants and investors in the industry. Though the short-term news is somewhat negative, the long-term outlook offers reasons to expect improvement in the near future. In the spring months, a period of positive month-by-month growth left owners and investors optimistic that…
Traditional wisdom suggests that when you write a restaurant bar business plan, it should be with the assumption you will be successful. However, according to many industry statistics, the likelihood of failure is more evident among restaurants than many other businesses. For example and according to the IRS, 1 out of 2 restaurants fail in…
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…
If you are contemplating restaurant turnaround services, the latest report from Technomic featured in Nation’s Restaurant News sheds some light on the current economic recovery. Here are some of the “highlights” of that report if you are an owner or investor of a failing restaurant or a bank faced with a troubled restaurant loan: What…
This year from a restaurant advisor viewpoint is shaping up to be the one that the food and beverage industry gets back on track. According to recent reports from the NRA (National Restaurant Association), both restaurant growth and foodservice employment is projected to return to pre-recession levels. There are also signs that certain parts of…
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…