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…
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…
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…
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,…
Opportunity and challenge from a restaurant advisors perspective are on the menus and plates of restaurateurs and foodservice operators this year. Coupled with a rise in economic growth are a number of factors that will impact sales and profitability, such as frugal diners, health care mandates and higher product costs. Several studies also show that the bottom…
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 covered lawsuits and brands and while Taco Bell recovered from beef issues in its advertising, there was economic growth amidst several upcoming foodservice chains. There is also a good article talking about how Twitter is fast replacing e-mail as the instant marketing vehicle. Here are those…
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…