Opening a New Restaurant: Should You Buy or Lease Restaurant Equipment?
As you draw a business plan for your restaurant, you may be faced with a lot of questions that may affect the success of your operations. Prior to announcing the ground opening of your restaurant, you will have many decisions to make; leasing vs buying restaurant equipment is one of them. Although you may feel that you should own your restaurant equipment, furniture, and appliances, leasing from them may be your only option for the time being.
Sizzling Restaurant Summer Promotion Ideas and Trends You Need to Try
Competition in the restaurant business is fierce. The summer season tends to draw a lot of tourists, increase foot traffic and hosts outdoor events which can present a huge business advantage to some restaurants. For other restaurants, however, summer time is their slowest season where sales struggle and falter. Unless you are scooping ice cream or selling milkshakes, you may not be looking forward to summer. But if you think strategically, a slow summer season doesn’t always translate into lower revenue. There are restaurant summer promotion ideas that can help you make the most of your business during the summer season.
Millennial Dining Habits Restaurateurs Should Know About
Millenials as we know, have a strong penchant for experience be it dating over settling down, hopping from jobs over climbing the corporate ladder, traveling and possibly even prefer obscure eateries to casual dining. The latest poll found that millennials are shaping the trends of the restaurant brand landscape into what they want them to be more than the previous generation has. Restaurant companies are taking careful notes to this phenomenon and therefore are doing everything they can to attract and build a younger clientele base.
Restaurant Technology Trends to Expect in 2018
The food and hospitality industry is forever evolving – always in search of innovative strategies to further their business endeavors. As a major player in the economy, restaurants owe their steady growth to the people’s sweat, blood and tears. As a result, it would seem appropriate for owners to explore current restaurant technology trends, especially for reinvesting funds to increase revenue and enhance customer satisfaction. As full and quick service restaurant alike continue to compete for market share, owners are increasingly embracing technology trends in the restaurant industry as a vehicle for delivering fast, quality service and great choices.
Restaurant Seasonality: Factors Affecting the Industry
Like in most businesses, sales in restaurants tend to fluctuate. Depending on the season, customer numbers can either remain steady but then face a sudden decline. Seasonal changes heavily impact the success in the restaurant business. In such instances, restaurateurs look for strategies to boost their marketing campaigns. In efforts to keep up with the latest trends in the food industry, owners desperately rely on gimmicks to keep visitors coming. You can avoid finding yourself in that quandary by paying close attention to the seasonal factors affecting the restaurant industry.
Top Reasons Why Restaurants Fail – What We Can Learn
We often hear a lot of success stories about restaurants as well as tips famous restaurateurs impart onto novices on how make their businesses thrive. Failure is seen as taboo at least, not commonly discussed at most. Most people don’t establish a restaurant or a bar with the intentions of failing. Realistically speaking, the food industry is not any less vulnerable of failure than any other commerce in the market. Even when we don’t expect failure, it nonetheless still happens.
Restaurant Color Psychology: How Colors Influence Customers
Believe it or not, the colors you use to design your restaurant with have a major impact on your customer’s dining experience. Restaurant color schemes can subconsciously affect the patron’s appetite but overall greatly influence their behavior and emotion. Colors can leave an impression among patrons which either tells them to place their orders and leave asap or hang around for a relaxing and enjoyable dining experience which your venue has to offer. Consumers tend to judge a dining establishment based on food, service, and price. However, the more effective the restaurant color design is in terms of creating an image and ambiance to arouse customer’s appetite, the greater success you will witness in your business.
Creative and Unique Restaurant Themes and Ideas
The food industry is very cut-throat. Staying buoyant amidst heavy competition can be very difficult. But every successful restaurant has a hook that reels guests in and converts them to long-time customers. For some patrons, it’s exotic food. Others are drawn by the unique variety of cocktails that some of these dining establishments serve. Excellent service and ambiance are also contributing factors to the success in the restaurant business. Unique restaurant design ideas and themes are what makes you truly stand out from your competitors.
Habits of Highly Successful Restaurant Owners
Now that you are done ordering furniture for your restaurant why not take the time to read 7 of the most important tips we learned over the years from successful restaurant owners. Some things may sound obvious but during the day to day operations of running a restaurant, things tend to be forgotten or postponed so you can think of our short list as a reminder. We hope that the tips below will help guide you in how to manage a restaurant and how to be a successful restaurant owner.
A Glimpse into the Future of the Restaurant Business
The hospitality industry has witnessed a shift in its approach to the layout and décor. Restaurant interior design is no longer about meeting customer or financial demands. These days, owners of commercial venues, especially of eateries, focus on creating a one-of-a-kind dining experience when planning the layout for their establishment. As such, architects and interior designers need to design according to the needs of the owner and expectations of the customers.
How Restaurants with Free WiFi Boost Customer Satisfaction
Google is constantly updating search engine algorithms in favor of mobile friendly sites. Not surprisingly, people are increasingly making use of the internet while on the go. Consequently, the expectations for places with free WiFi, especially at dining venues are becoming more in demand. Offering free WiFi can provide you with series of advantages – customer satisfaction being one of them. Despite the reality, some restaurants are hesitant to take the leap of faith in providing their customers with free WiFi. They worry that the costs may overshadow the benefits but the truth of the matter is that free WiFi can impact sales. Lack of WiFi, however, is a deal breaker for many patrons who will rely on your competition that offers such access.
Go Green to Tackle Food Waste in the Restaurant Industry
Unfortunately, a lot of restaurants see food waste as being a low priority. You may be tantalized by the row of restaurants you see in upscale neighborhoods in New York or Los Angeles. However, if you walk around the alley at the back of this row, you might be in for a big shock. Expect to be greeted with dumpsters packed with trash that only get emptied twice a week, at most. That means a lot of food sitting there fills the area with a deep putrid stench. What’s worse, some of these dumpsters aren’t completely sealed and therefore grease and rancid juices are leaking everywhere which can result infestation putting the restaurant at risk of contravening a health code violation.
How 3D Modeling is Revolutionizing Restaurant Seating at Restaurant-Furniture.com
As the world is taking a digital turn, the food and hospitality industry is embarking on a series wholesale experiments using technological experiments with the hope of expanding their clientele base. The emphasis on experimentation is made by business owners who come under relentless pressure from their competitors. As the world is changing, so are the expectations of the customers. Owners along with marketing experts are formulating strategies to optimize their products with 3D modeling software programs.
Outdoor Restaurant Design Ideas
When the weather allows, patrons have a preference for dining outdoors. The rules for planning the layout and seating capacity for indoor venues also apply to patios. They entail more than just setting some tables, chairs, bar stools, and booths outdoors. Ensuring comfortable seating for your patrons should be a priority as well. Overcrowding guests can make for an unpleasant dining experience which can have ramifications for your business. Not only does having a patio area increase seating capacity but the right amount of spacing can improve the image of your venue as well.