It isn’t too hard to find many restaurants in a single town. Sometimes there are four or five different restaurants that are right next to each other! This means that there is a lot of competition in the restaurant business, and anyone in that business needs to make sure they do whatever they can do […]
There are several steps to opening a restaurant. But if you plan on buying one outright, the most important step is evaluating its real estate value. Regardless of how successful an establishment is, its real estate-particularly the property it sits on-remains its most durable asset. Therefore, investors should carefully evaluate restaurant locations before they buy […]
Good quality restaurant supplies and ingredients are essential for all food service establishments to meet the varied requirements of their regular patrons. Sourcing all the required supplies from the right distributors is therefore important to keep your customers satisfied. To buy premium quality food supplies for your restaurant at wholesale prices, you can depend on […]
Increasing restaurant sales in a climate where discretionary spending is more subdued can be a real challenge. But in fact there are low to no cost strategies that can be used anytime and show surprising results. And guess what, it is not about expensive advertising in the newspapers. Here are five techniques that one of […]
Many people head out to restaurants, bars, and other establishments for socialization with friends and family members. In most cases, people are able to enjoy a good time with the people they know and care about, but in some instances, accidents may occur and injuries may be suffered. Commonly reported restaurant and bar injuries include […]
Five Tips – Ordering
1. Create Product Specs for every item you buy. Sit down with the kitchen team and write out a specification for every item. Example: cantaloupe, 5 1/4 to 6 1/4 inches in diameter.
2. Every spec must be quantifiable and qualitative. Every […]
How to increase your restaurant sales
Follow these time tested restaurant marketing strategies and you can simply double your profits in the shortest possible time span:
Network Like Crazy.
People do business with people they know and
trust. It’s as simple as that. So as part of your restaurant marketing strategy network as much as you can. Create a […]
So many people wish to start or buy a restaurant but don’t bother to push through with it because they don’t have enough cash. Not having enough cash to open a restaurant is not something that should stop you from realizing a dream. It is possible to start a business even if you only have […]
When a dear friend is having a baby, a celebration is in store. Baby showers are classic celebrations to honor the soon-to-be mother; however, they require lots of planning and attention to give the upcoming mom a special, memorable event filled with presents, yummy foods, and loved ones.
There are many aspects that go into planning […]
The Financial Analysis section of a restaurant business plan consists of pro forma (projected) financial statements for the business. Before creating these statements, consideration must be paid to these three key concepts:
Likely the most pertinent portion of the Financial Analysis section will be the statement of how much capital the restaurant will need in […]