If you’ve done your research, you know that the restaurant industry is not for the faint of heart. According to the National Restaurant Association, about 1-in-3 fail the first year. Compared to small businesses in the U.S. that experience 1-in-5 closures, you’ve got about a 10% greater chance of going belly up in our illustrious… Continue reading How Restaurants Make It Through the First Year
Tag: EMERGING Concepts
A Recap of the Premier ICSC 2023 Las Vegas Show
May 21-23 saw the International Council of Shopping Centers (ICSC) 2023 premier event take place at the Las Vegas Convention Center. Approximately 25,000 people attended, including developers, retailers, dealmakers, and real estate brokers. Some sought information on the tenants that would make their properties stand out. Others were looking for the best strategies regarding safety… Continue reading A Recap of the Premier ICSC 2023 Las Vegas Show
When Do You Know You Have a Restaurant Concept That Can Expand Nationally?
The restaurant industry is known for its cut-throat competition and constantly evolving consumer preferences. While expanding a restaurant chain nationwide may seem like a dream come true, it comes with its fair share of challenges. In this article, we will discuss the challenges restaurants face when growing nationally fast, some examples of restaurants that have… Continue reading When Do You Know You Have a Restaurant Concept That Can Expand Nationally?
Essential Elements To A Comprehensive Restaurant Growth Strategy
So, you’ve built a bustling restaurant with patrons lining up at the door. Your reputation has grown, and with it, your appetite for expansion. Growth is a healthy desire and is often necessary for survival in the restaurant business. It has the power to propel your restaurant brand to new heights — but can be… Continue reading Essential Elements To A Comprehensive Restaurant Growth Strategy
Inspiration: The Newest Entertainment Hotspots in the Restaurant Industry
We’ve discussed the trend toward restaurant entertainment as a defining element that the newest generations search out. But what exactly is restaurant entertainment? While great food, good service, and high-resolution music drifting through your establishment were, at one time, enough. Times have changed. Today, brands incorporate social competition, sporting events, massive 4K digital displays, and… Continue reading Inspiration: The Newest Entertainment Hotspots in the Restaurant Industry
Expanding? Neighborhood Data Helps Select the Right Real Estate
In our conversations with restaurant operators, we often hear exasperation when it comes to available restaurant data and harnessing it for actionable insights. They know their restaurants make enormous amounts of data, otherwise known as big data, but how do they optimize it to make critical decisions, like where to open their next unit, reducing… Continue reading Expanding? Neighborhood Data Helps Select the Right Real Estate
Streamlining Restaurant Operations in a Time of Uncertainty
As with many businesses, restauranteurs have come to accept that the last three years have transformed restaurant operations for good. As we face further uncertainty, many operators are looking to reduce costs and streamline operations, tightening the belt buckle in preparation for what may or may not come. As Wolfgang Puck said, “One thing I… Continue reading Streamlining Restaurant Operations in a Time of Uncertainty
Restaurant Dining Rooms are “NOT” Created Equal each has Valuable Real Estate
Wouldn’t it be awesome to fly first class – I’m talking serious first class, with showers, high-end wines, and those little bedroom pods – for, say $400? Or sit courtside during the NBA Finals for $100 a seat? Or perhaps watch this coming November’s Formula 1 Las Vegas Grand Prix in a dining room at… Continue reading Restaurant Dining Rooms are “NOT” Created Equal each has Valuable Real Estate
An Interview with Gerry Cottle—Founder and CEO of Rooftop Cinema Club
What can you say about someone who left the circus to pursue his passion for sharing an incredible experience of the immersive cinematic wonder on rooftops? Some would define this British entrepreneur with words like a free spirit, entertaining, and incredibly insightful. What began in 2011 in London’s Shoreditch has now expanded with a global… Continue reading An Interview with Gerry Cottle—Founder and CEO of Rooftop Cinema Club
Enhancing Your Restaurant’s Brand Awareness with an Innovative Guest Experience
If you’ve been in the restaurant industry for more than a minute, you’ve undoubtedly heard about the importance of the restaurant guest experience. Today’s foodie culture places more importance on dining and food service than their predecessors, and with that importance comes the expectation of something unique, a drawing card that bids the guest’s return. … Continue reading Enhancing Your Restaurant’s Brand Awareness with an Innovative Guest Experience