So you’ve decided to open a restaurant. Congratulations! But before you can open a successful restaurant, you need to write a restaurant business plan. According to CNBC, approximately 60% of restaurants fail within the first year of operation, and 80% fail within the first five years. Without a proper plan, your restaurant might be doomed […]
Rent a Restaurant Space: Everything to Know About Leasing a Restaurant
If you’re considering leasing restaurant space, it’s essential to know what to look for in a lease and how to negotiate a good deal. In today’s restaurant market, competition is fierce, and there are many more restaurants than there were 10 or 20 years ago. That means many people want the same type of space […]
How Much Do Bakery Owners Make?
What’s not to love about a bakery – the smell of fresh coffee and sugar with traces of cinnamon, a display so enticing that makes you forget any health-related promises you made to yourself, choices of bread that take you back to the ancient art of baking. Everything I mentioned and more suggests it is […]
Restaurant SWOT Analysis Example
We have all come across the concept of SWOT analysis, it is included in every business 101 guide. Technically, it is a simple strategy tool. SWOT stands for Strengths, Weakness, Opportunity, and Threats. Strengths and Weaknesses account for things you can control in your restaurant business. Opportunities and Threats are external factors that are usually […]
Restaurant and Bar Financing For Dummies
Thinking about getting financing for your restaurant? Look no further! We cover all the major financing options for your restaurant or bar in this post. Raising funds for any business is an uphill battle, particularly in a crowded field like the restaurant space. Now, take a look at some characteristics of the restaurant businesses – […]
Break-Even Analysis: Calculating the Break-Even Point for a Restaurant
Wondering how to calculate the break-even point for your restaurant? Look no further! That moment when everything comes together for the restaurant. The hum of a full-house on a Tuesday, guests laughing over a bottle of wine, the ambiance is warm and the P&L shows a profit. Yes an odd combination of things that satisfy […]
How Much Is Your Restaurant Worth
Want to know what your restaurant or bar is worth in todays tough market? Look no further! Restaurants can be bought and sold like any other business. Perhaps you have started a new restaurant and want to know what the return on your capital would look like? Perhaps you have always thought about buying a […]
