This blog is perfect for both the inexperienced and experienced restaurant owner. My goal is to share my experiences and build on them from my reader’s experiences and to share those thoughts on my blog. We can all better ourselves by learning from other’s experiences and mistakes. Besides touching on the basics, we will venture into higher-end, more complicated actions including legal, partnerships, accounting, costing and marketing. As you read on, keep an open mind to the ideas presented, be ready to absorb anything and everything. There will be times, certain topics will sound or seem too complicated to understand at first; however, all of the pieces will eventually come together. Think of this journey as a guide and an expedition through business planning. As the pieces begin to connect, you will have a clear, and complete picture. If that sounds promising to you, then let’s get started on this blog!
Consistency Using A Recipe Converter If you’re in the food and hospitality industry, then you know scaling recipes is essential to managing and controlling your food costs. In a restaurant, consistency in this industry is vital to a restaurant operators success. That repeat customers must always feel like the food was perfectly done every time…
DetailsRestaurant Prime Cost Components In any restaurant, prime cost is composed of food, beverage and labor costs. As a restaurant owner, you want to make sure to keep your prime cost below 65 percent. If you’re operating prime cost at 65%, then you are stating that 0.65 cents of each dollar goes towards food, beverage…
DetailsADVANTAGES People got to eat! For years upon years, people have been hardwired to grab something to eat when they are hungry. This is a major advantage for any startup restaurant. The only thing you need to consider is the future of your product, and will there be a demand for it in your local…
DetailsPlan Ahead To Avoid Mistakes Business Plan We offer a free business plan at our website. It’s a real working business plan specifically built for the operation of a restaurant. Use it as a guide and always work with a professional when your build your business plans. Don’t fall into the trap of not taking…
DetailsCommunicate Each Point Clearly Let’s take a look at a sample letter of intent from one of my deals, so we can understand what’s in it. It’s important to educate yourself and knowing the details of your LOI will help you to weed out the attorney’s that may not know the basic terms we use…
DetailsDownload Our Free Business Plan Part of your due diligence is to also write a business plan. A perfectly good business plan will allow you to see your business’ pros and cons on paper. It will walk you through the process of operating your business and what it takes to be successful. Without a business…
DetailsYour Vision Must Be Clear Like all aspects of this business it’s important that you know your design and layout well. You know what you want and are looking for and it’s up to your architect to capture that design. For me it has always been important to sketch my own plans. You can sketch…
DetailsAsk Your Architect These 5 Questions TIP: Before your architect works on his plans, make sure to get a copy of the plans for the location you will be doing the build out. If it’s a shopping center, you will need the following: Get all zoning information from the landlord prior to finalizing a lease!!!…
DetailsA Good Restaurant Real Estate Attorney A good real estate attorney that’s been in the game for a long time will also be able to broker your deal. Make sure when interviewing your restaurant real estate attorney you ask them the following questions: How long have you been working as a restaurant real estate attorney? Can you…
DetailsRestaurant Business Loan Process I’ve written and co-written many business plans not just for myself, but for other restaurant owners. We all planned on submitting these business plans to our banks and SBA. No matter how well our plans were written, we always got the same response, “NO”. The worst part is that the “No”…
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