When is it right for your restaurant to add a location? What are the potential pitfalls? What are the advantages? The following article shares input from 5 chefs who did it. They give their experiences opening a second location to hopefully help you decide whether expansion is the right decision for you.
Monthly Archives: March 2012
Great new Food Network show | Restaurant Stakeout
There is a great new show on the Food Network you need to check out if you haven’t seen it yet. It’s called Restaurant Stakeout. Instead of being just another show with a restaurant consultant telling people their food sucks and their menu is too big, Willie Degel’s show is an original and really interesting to watch.
During the course of this show, a consultant sets up multiple hidden cameras throughout a restaurant to observe the restaurant while no one knows he is watching. After finding numerous problems that are costing the owner money, he invites the owner to watch the footage with him. The owner is appalled at what really goes on in their restaurant when they aren’t there and the consultant beats them up over how much money they are losing. By the end of the show, the consultant is making recommendations to the restaurant owner which, by this point, seem like no brainers.
Besides the fact this show is much more original than any restaurant improvement show anywhere on television, this show is a great eye opener for restaurant owners. You never know what is going on in your restaurant when you aren’t there unless you have surveillance, or truly responsible leaders in the restaurant at all times.
Check out the TV show website here: http://www.foodnetwork.com/restaurant-stakeout/index.html
You can get a free 30-minute telephone consultation with Brandon O’Dell from O’Dell Restaurant Consulting to see if there are improvements that can be made in your own restaurant too.
Call (888) 571-9068 to set up a time.
www.bodellconsulting.com
How digital menu boards help drive restaurant sales | Nation’s Restaurant News
Digital menu boards seem like they should be the natural evolution for quick service restaurants. They would lower the cost of making frequent price increases, increasing cashflow, and allow menu redesigns to happen much faster. Not to mention, they just look “cool” compared to static menu boards.
Is your restaurant currently using digital menu boards, or have you considered it? Take a look at the following article from Nation’s Restaurant News.
How digital menu boards help drive restaurant sales | Nation’s Restaurant News.
View our services at www.bodellconsulting.com.
The restaurant business is tough. Everyone in it knows it. Everyone looking to get in it ignores it.
The cold fact of the matter is that opening up a restaurant may be one of the worst investments you could make with your money. That’s a horrible, sobering statement coming from someone like me who’s in the business of helping restaurants succeed, but it’s the truth. Most restaurant fail. Oh, the failure rate isn’t the “90%” you may have heard from friends and family, but according to Cornell University, and the National Restaurant Association, 60% of restaurants fail within the first three years of operation. After five years, the number might be as high as 75%.
Uggghh!
Why the hell would anyone want to get into this business with a failure rate like that? Risk and reward my friend, risk and reward.
As with other high risk investments, opening the right…
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Hilton Worldwide seeks independent restaurant concepts ripe for franchising
Spread the word, Hilton Worldwide is looking for successful independent restaurant concepts to pitch to their franchisees to put into their hotels. This might be a good opportunity to take the first step into franchising. The following article from Restaurant Hospitality E-Zine doesn’t say as much, but the Hilton maybe willing to foot all or part of the cost of franchising the concepts.
http://restaurant-hospitality.com/trends/hilton-wants-restaurant-concepts-yours
O'Dell Restaurant Consulting's Blog 