If you are like many people, you may think you can purchase a restaurant and be guaranteed success – after all, you are catering to a basic human need. There are some success stories that reinforce this idea; however, for the most part, a restaurant takes hard work, time, money and effort. Even with all …
When you discuss or hear about restaurant insurance, what is really being discussed is insuring all different types of hospitality businesses. This includes everything from entertainment venues and night clubs to sports bars, taverns, bars, quick service, and full-service restaurants, food trucks, caterers, delis, pizzerias, and more. What Are the Basic Needs that Restaurant Owners …
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Your menu is the main force in encouraging your customers to come to your restaurant. They want to pay for the quality they receive. Also, the prices on your menu will directly affect the profitability of your restaurant. This means you have to consider the method of pricing you use carefully. While this may seem …
Methods for Pricing the Menu Items at Your Restaurant Read More »
Restaurant brokers are professionally trained agents that facilitate a deal between sellers and buyers in the restaurant business. They may be licensed as real estate agents, depending on the state, but they are not in many states. Throughout this process, some of the beneficial services brokers serve buyers are: Knowledge Restaurant brokers remain above the patterns, …
The most common mistakes seen when people get ready to purchase a restaurant is that they don’t fully understand the due diligence process. You may wonder what this is, and why it is important. If that’s the case, you are in the right place. Due diligence is done to help confirm that the items learned …
Due Diligence Mistakes When Purchasing a Restaurant Read More »
Think fast: what’s the number one food trend taking the culinary world by storm right now? Throughout the years, there have been several food trends that have enjoyed their five minutes of fame before vanishing into obscurity. Does anyone remember the molecular gastronomy trend of encapsulating foods in agar bubbles? Perhaps not so much. Other …
Identifying and Capitalizing on Popular Food Trends Read More »
If you’re interested in setting up a restaurant locally, but aren’t sure that you’re up to starting a business from scratch, you might be well served by purchasing an established restaurant from a broker. These companies buy and sell existing restaurants as full packages, instead of as real estate alone. This means that you’ll gain …
Benefits Of Purchasing an Established Restaurant Read More »
At Emerald Coast Restaurant Brokers and Consultants, we see a lot of restaurants fail. Follow us here – we also see a lot of restaurants succeed. But when you first start getting into a restaurant’s books, you can often see that there simply wasn’t sufficient planning involved. For reasons that many experts will never understand, …
Restaurant Business Plans and Menu Costing Strategy Read More »
Starting a restaurant is challenging. You must have a competitive spirit and drive to help encourage customers to dine at and enjoy your establishment more than other restaurants in the area. However, if you aren’t successful at catching the attention of potential patrons, there’s a good chance your small business venture will close – quickly. The good …
Startup Restaurant Success: What You Need to Know Read More »
If you’re looking to buy, sell, or lease a restaurant, working with a professional restaurant broker will save you time, money, and a lot of stress. Emerald Coast Restaurant Brokers and Consultants brings to the table over 35 years of experience in the restaurant industry. Our experts thoroughly understand the process and procedures, as well …
Three Important Services Restaurant Brokers Offer Read More »