Restaurants are tired of spending money on restaurant coupons, discounts, and advertisers to have guest keep coming back. All of these programs are taking a very large piece of your profits away. Create an Extraordinary Guest Service Strategy! If you ask 100 restaurant owners how they would rate their guest service our bet is 95-plus percent would say good. When it comes to creating Extraordinary Guest Service, good is the […]

Chef preparing a meal

So You Think You Want to Buy a Restaurant Everybody needs to eat to live, and over time we have turned this requirement into a social activity. Currently, a restaurant is – by far, one of the most popular businesses, and one which could be an even more desirable buying proposition if you happen to have a taste for a specific kind of food! Conduct a due diligence when buying […]

Categories: Restaurant Consulting

Our Revenue Management Programs are Created Specifically for Restaurants, Retail and Hotels. The Process is Demand-Driven Pricing Methodology that is designed to Maximize Profit and Increase Revenue without Reducing Repeatability. Driven by proven state-of-the-art statistical modeling, IRHC uses a proprietary analytical process that enables us to identify prices that yield optimal gross profit without negatively impacting customer traffic. IRHC consultants use sophisticated statistical inference to analyze demand patterns and determine […]

Categories: Operational Tips

More restaurants have returned to the earth by showcasing fresh or local foods as maximum quality and good local neighboring. For example, McDonald’s new ad campaign emphasizes local farmers and ranchers. Similar efforts have been seen from Chipotle, Wendy’s and Dominos Pizza. Some of the Big Steak and Seafood Players like McCormick and Schmick’s, list on the daily menu, the supplier and geographic location of commodities and proteins Including, Produce, […]

Categories: Restaurant Consulting

Orlando — A report released Monday by the National Retail Federation said that retail industry sales growth for 2012 is forecasted at 3.4%, a pace slower than 2011’s 4.7% growth. Though retailers ended last year on a strong note with holiday sales rising 3.9% over 2010, the bad news was that the traffic count was down 3.1%. “It is mission critical to get more people in stores, raising prices is […]

Categories: Industry Information

In 2012, Food costs will remain a huge challenge for the restaurant industry, with wholesale domestic food price inflation running at 8.4 percent — the highest it’s been in three decades. Operators won’t be able to pass on high costs on a one-to-one basis, so the focus will remain on driving out costs, while hopefully growing sales. Intense pressure from customers to keep down prices make restaurants think creatively about […]

Categories: Restaurant Consulting

A few full service casual restaurants are trying to come up with “gimmicks” to create a sense that you are receiving good service. For example, Chili’s, a popular chain restaurant now has 2 servers per table. Is this is supposed to mirror fine dining establishments where you have a front and back waiter? Instead of trying to be more than what they are, they should follow the basic rules to […]

Categories: Industry Information