Folks who own restaurants may not own them forever. Sometimes owners have made their money and enjoyed the experience, and now want to retire or move on to another chapter in their lives. Other times the restaurant business wasn’t for them and they want to throw in the towel. Still other times, an investor will […]
How to Value a Restaurant Read More »
Independent restaurants face a tough challenge in the highly competitive world of the restaurant industry, especially when it comes to competing with large chain restaurants. Chains have the advantage of economies of scale, established brand recognition, and access to vast resources. However, independent restaurateurs can still thrive and compete effectively by focusing on their strengths,
6 Ways Independent Restaurants Can Better Compete with Chains Read More »
Sales are down, profits are almost nonexistent, you are getting bad reviews online, and you cannot keep good staff. What do you do? Sadly, most restauranteurs turn to the same reactionary solutions, but they never work. Solution Number 1: Hire New Managers Seems like a good idea. Bring in some new talent, but you soon
How Restaurant Owners Can Stop Making the Same Mistakes Read More »
Summer is a great time for restaurants to increase their profits. With warmer weather, longer days, and more people going out to dine, there are plenty of opportunities for restaurants to attract new customers and boost their sales. Let’s explore some tips on how restaurants can maximize their profits this summer. Update Your Menu –
5 Ways to Capture Summer Sales Read More »
Restaurant owners face a variety of challenges in running a successful restaurant, from managing day-to-day operations to developing marketing strategies and ensuring financial stability. Outsourcing oversight to a restaurant management company can provide many benefits for restaurant owners, including: Expertise: Restaurant management companies employ experienced professionals who have a deep understanding of the restaurant industry.
Why Hire a Restaurant Management Company? Read More »
Save Your Restaurant by Saving Your Managers So much has been written about the effect COVID had on restaurant staffing. There was a mass exodus from the industry because hourly employees realized they were being underpaid with no benefits for exceptionally hard work. Expecting no change in the way restaurants were run, many never returned,
Save Your Restaurant by Saving Your Managers Read More »
Over 14,000 restaurants open every year, yet women are underrepresented as managers, chefs, and investors. Should we fix that because “it’s the right thing to do” or because we’re seeking to “level the playing field” in a male-dominated industry? Why should men surrender their dominance just to make room for women…because society says so? Sign
We Need More Women in Restaurants! Read More »
A seasonal refresh of the drinks menu is a great way to increase beverage sales, improve margins, and drive engagement to your restaurant. However, without a solid plan, it can be a missed opportunity that fizzles on arrival, stressing out staff and underwhelming guests while failing to improve the bottom line. With some strategic planning,
Seasonal Cocktail Menus – A Six Week Guide Read More »
Kitchens are the engines that drive restaurants. They are wonderlands of food production capacity and capability. But, above all else, they are the factories in which raw materials are converted into products for retail sale. When you look at a kitchen as a production facility, you can easily imagine the need for it to run
How to Run a Kitchen – 11 Critical Systems Read More »
Over the years we’ve helped many restaurants and landlords work with each other and have seen ugliness on both sides. We’re often baffled at the lack of empathy each side can have for one another. For instance, Landlords have a mortgage to pay. When tenants seek rent abatement because they’re not profitable or they are starting
5 Things Real Estate Developers Should Know About Leasing to Restaurants Read More »
