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Some Basic Reasons Restaurants Fail…

MARTY BOMBENGER’S….Top Reasons Restaurants Fail 1. Location. I’ve said it over and over again. And I will continue to say until I am blue in the face. Location. Location. Location. A bad location is one of the biggest (if not THE biggest) reason a restaurant fails. Poor visibility, no parking, no foot traffic, or maybe …

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Marty Bombenger’s Rules of Thumb: How Does Your Operation Measure Up to Industry Averages…

The first and most fundamental restaurant rule of thumb is “every  independent restaurant is unique.” However, rules of thumb regarding  the financial and operational aspects of restaurants can provide a  valuable starting point for evaluating and understanding the financial  feasibility and performance of proposed and existing restaurants. Restaurants generate a lot of numbers so particularly …

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The 3 Dumbest Things Your Servers Are Saying & Why It's Hurting Your Business

It starts with “Hi, my name is Jordan and I’ll be your server tonight.” When customer asks, “What’s good here?”, server replies, “Everything.” Then after the food arrives, server asks “How’s everything?” All of above are mindless, boring, predictable clichés that customers hear over and over again. These expressions reduce the chances that any meaningful, …

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Are You Cut Out for the Restaurant Business?

Going Into the Restaurant Business With Eyes Wide Open Marty Bombenger….KEY WEST & FLORIDA KEYS RESTAURANT BROKER  (305) 310-1982 Even for businesspeople who have been successful in other industries,  opening a restaurant can be one of the most challenging yet fulfilling  entrepreneurial ventures one can encounter. Each year tens of thousands  of people begin the …

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How to Find Investors & Raise Startup Capital for Your First Restaurant

Getting a small-business loan was fairly easy because the boat served as the  primary collateral. My partner and I put up some cash and he added a small bit  of real estate to round out the collateral needs. The total investment was  $80,000. When it comes to restaurant financing, investments of $100,000 or less are  …

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16% of Yelp Restaurant Reviews Are Fake, Study Says

New York has cracked down on fake Yelp reviews, and new research from Harvard Business School suggests that such vigilance might be necessary. According to a study (pdf) titled “Fake It Till You Make It,” nearly 16% of all Yelp restaurant reviews in the metropolitan Boston area are fake. Not surprisingly, the phony reviews also …

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10 Characteristics of Highly Effective Kitchen Managers

In most restaurants there’s no one person that impacts your day-in, day-out profitability and success like the one who manages your kitchen. Here are 10 traits that we’ve noticed consistently in kitchen managers of highly successful independent restaurants. How Does YOUR Kitchen Manager Measure Up? The best KMs can be found in the kitchen, not …

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Is the Party Over for Automatic Gratuities?

The IRS wants to tax restaurants, not servers, on the service fees imposed on large parties. Glad it was Applebee’s and not your restaurant that got caught up in that mandatory service charge flap and subsequent employee firing that made the national news? Don’t gloat too much. A recent Internal Revenue Service ruling could have …

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Quality Trumps Price in Value Equation

A Surprisingly Large Number of Consumers Say They Care More About Restaurant Food Quality Than the Price Tag… <div> <a href=”//ad.doubleclick.net/N3834/jump/resthosp.home/trends/eat_beat;pos=180_1;ptype=article;page=/consumer-trends/quality-trumps-price-value-equation;sz=180×150;tile=1;ord=123456789?” target=”_blank”> <img src=”//ad.doubleclick.net/N3834/ad/resthosp.home/trends/eat_beat;pos=180_1;ptype=article;page=/consumer-trends/quality-trumps-price-value-equation;sz=180×150;tile=1;ord=123456789?” border=”0″ alt=”” /> </a> </Quality, freshness and choice—in that order—trump price as key indicators of value for many restaurant customers, according to research by the NPD Group. Two of the largest …

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