As in many businesses, numbers are your friend. Here are 3 to keep in mind in order to ensure that your food business becomes a success.
of restaurants make it past the five-year mark.
This Cornell University study goes into great detail on the main reasons why approximately 1 in 4 restaurants close within the first year. However, that is not to say that you should give up on your dreams in the food and drink industry, especially when you’re only just starting out. Kep Sweeney, the author of The New Restaurant Entrepreneur, assures that with the perfect marriage of a great team, an excellent concept, prime real estate, and well-allocated capital, you can actually count yourself as a part of that lucky 10 to 20%.
key ingredients to a successful restaurant are food, ambience, service, consistency and guests.
If you want your restaurant to thrive, the 5 things you need are great food (from plating to palate), ambience that stimulates your senses, superb service, overall consistency, and returning guests. Charles Masson, former director of the Chevalier Restaurant in New York, goes into great detail explaining how all these factors create a superb restaurant in this interview with Bloomberg.
of the restaurant space should be devoted to the dining area.
The other 30% should ideally be devoted to your kitchen, according to Sann Michael Yu, Chief Operating Officer of food service equipment provider and kitchen design advisor Merit Stainless Steel Inc. When it comes to ambience and space, this ratio gives you ample room to set the mood, show off the concept of your bistro, and accommodate guests, all while still having enough room for your staff to work and produce quality dishes.
Having consistently exceptional service, ensuring maintenance and upkeep, and creating terrific cuisine are what keep the guests happy and eager to come back over and over again. And with growing patronage, your little gastronomic venture is sure to thrive and grow. To keep up with the pace of your business’ boom, make sure that you go for products in the kitchen that deliver excellent taste and consistent quality, such as those offered by Unilever Food Solutions. With these in mind, opening your own little café any time soon will be as hassle-free and as smooth-sailing as possible. For more tips and insights on the food industry, take a look at our Chefmanship Academy.Want more articles and recipes like this?