A restaurant’s success rides on its menu pricing. If prices are too low, the business will fail. If prices are too high, the restaurant may have to change its target audience. Determining restaurant menu prices is an art, and this art can make or break a business.
You’re ready to pour your blood, sweat and tears into your restaurant start-up, but you’re worried that things may not go as smoothly as you had hoped. About 17% of restaurants will close in their first year, but in many cases, the owners made mistakes that could have been avoided.
A customer that frequents your restaurant has left you a bad review. Perhaps the customer was passing through, and you’ll never seen them again, or maybe they were a regular that no longer wants to visit your establishment.
In either case, you need to know how to handle negative reviews gracefully.
No matter the reason, you have a new menu and need to introduce it to customers. If you have regulars, this change may be ill-received.
But you may also be adding new items to a similar menu, so it truly depends on how to introduce these new items.
Opening a new restaurant is both exciting and stressful. It’s easy to get so caught up in the location and branding that you overlook the most important part of your business: your equipment.
The best restaurants have the best commercial kitchen equipment.
Opening a new restaurant requires a lot of overhead: incorporation, insurance, menus, staff, utilities, marketing - a lot. But by far one of the biggest and most expensive investments will be in the commercial kitchen supplies needed to run the business.
If you’re thinking of starting up a food truck business, you’re entering a thriving industry. Not only are there over 4,000 food trucks in the United States, but people are flocking to food trucks for everything from tacos to ice cream and even breakfast sandwiches.
The food truck business is the happy medium between going out to a restaurant and getting fast food.
We're going to explain everything it takes to get into the food truck business, from food truck equipment to writing a business plan for a food truck and costs and profits.
If you read our post on how to make a food truck business plan, you may be wondering how to determine the average cost to start a food truck business. There are a lot of costs involved, and you’ll need to consider all of the aspects of owning and buying a truck.
But in this post, we’re going to do our best to provide a base cost to start a food truck business.
Food trucks need to have financing and a place to start their operations. A good place to start is to create your own food truck business plan. New business owners, or aspiring owners, very rarely realize that business plans are for more than financing.
If you're starting a food truck business, you'll first want to do your research for your local license requirements and food truck options. There are some cities and states that make it difficult - if not impossible - to open up a food truck.
But once you've done your due diligence and know that you can open up your own food truck, it's time to start acquiring food truck equipment.
