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: #restauranttrends
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
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
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
Are you Leaving Money on Your Restaurant’s Best Table?
You know the table. The one with the best view. The waterside section or the seats front-and-center to your big screen. The intimate booth is tucked into a corner nook, making the rest of the restaurant disappear. The table everybody loves. On a busy weekend, your customer asks for it, specifically and often. And, although… Continue reading Are you Leaving Money on Your Restaurant’s Best Table?
Consumer Trends and the Restaurants Vying for Generation Z
Generation Z is anyone born between 1997 and 2012. The adults in this population fall between the ages of 18 and 24 and, despite their young age, are already making their presence felt in the restaurant industry. This generation has lived their life in the wake of digital technology and has a growing number of… Continue reading Consumer Trends and the Restaurants Vying for Generation Z
The 6 Best Cities for New Restaurants
Are you getting the expansion itch? Most restauranteurs that double as entrepreneurs know the feeling. Their existing locations are off and running with packed shifts, great reviews, and regular Instagram posts by their loyal guests. But, as anyone who’s ever expanded will share, what works in one location doesn’t necessarily work in another. There are… Continue reading The 6 Best Cities for New Restaurants
Get Inspired—10 Restaurant Magazines and Books to Read in 2022
At EMERGING, we partner with restaurants and entertainment concepts, helping them develop their expansion plans and attain success by setting the appropriate supply chain, labor, and financial strategies. For clients and restauranteurs looking to expand their enterprise and take their establishments to the next level, knowledge is key. As Sir Francis Bacon said, “Knowledge itself… Continue reading Get Inspired—10 Restaurant Magazines and Books to Read in 2022
Widespread Slowdown of Year-over-Year Restaurant Sales Continues
Black Box Intelligence’s restaurant insight report for July 2022 revealed some interesting numbers, including the areas with the best and worst performance, how the economic pressures are affecting restaurants, and the need to “double down” on the experience. Let’s explore the latest trends and insights. Year-over-Year Sales YoY same-store sales experienced the fifth consecutive month… Continue reading Widespread Slowdown of Year-over-Year Restaurant Sales Continues