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Posts Tagged ‘Success’

How to Make Your Restaurant Start-Up Profitable

Wednesday, January 13th, 2010

To make your restaurant a success, you have to make sure that the food you serve tastes great and is made of high-quality ingredients, that the service you provide is impeccable, and that the ambiance of your establishment is warm and inviting. But the formula for a successful dining establishment does not end there. You need to have a good marketing strategy going on for your dining establishment. Also, you need to have a clear idea of how your sales should compare with your expenditures months down the road.

No matter how good your dishes are or how superb your brand of service is, you will not make any profit if no one knows about your restaurant. Thus, you need to get the word out that your dining establishment exists, preferably before your opening date. How do you get the word out about your business? There are many strategies that you can explore to market your establishment, but word-of-mouth is still the best. Word-of-mouth advertising is a classic because many people still would rather believe the word of a friend of a friend. Other strategies you can use include building a website or posting an advert in your local paper. Regardless of the strategies you use, the important thing is that you get the word out about your dining establishment and that the word should be good.

Another thing that you need to do to ensure the profitability of your business is to have a clear sight of how much you are earning per meal you sell. It is suggested that you do your computations per meal instead of adding up your gross monthly sales because unit sales are easier to count. You should have an idea of how much sales you can make based on the number of tables that you have, on the approximate number of customers you can have on a Friday night or at any peak time that your restaurant is full, on the number of drinks and desserts that can go with a meal, and other such factors.

You also need to be concerned with how much you are spending per meal that you serve. Naturally, you would deduct from this amount the fixed costs of running your business, such as employee salaries, rents, power bills, gas bills and other fixed costs. Being constantly aware of such things will help you gain more profitability from your business in the long run.

Tips To Attract Customers To Your Restaurant

Tuesday, November 3rd, 2009

Generally a restaurant is place to enjoy food and spend a memorable time with friends and family. The ability to attract and maintain customers is essential to the success of a restaurant. You need a constant flow of customers coming into your restaurant on a daily basis. Just posting an”Open” sign in the front window is not enough to attract customers. You need to have a strategy to bring in customers.The following are a number of tips to attract customers to your restaurant:

Market your restaurant: There are a number of different things you can do to market your restaurant. You can market at nearby hotels, motels, and other accommodations. You can provide a discount coupon for hotel guests. Use local flyers and newspapers to advertise special discounts. Hand out restaurant menus in public places or though the mail. You can also sponsor different events such as sporting or charity functions. You can also enter your staff in a charity event. The publicity will be very beneficial. Holding contests such as the chance to win a meal or gift certificate will attract customers.

Food: The food you serve is a key element to attracting and keeping customers. Make your dishes unique and stand apart from the other restaurants. Quality at a reasonable price is essential. Because more people are embracing a healthy life, offer some healthy dishes. Try serving samples in public areas such as supermarkets. As well, hand out a menu flyer with the samples.

Staff: It is essential to hire vibrant, friendly, and hard working staff. They are on the front lines of the restaurant and reflect the restaurants vision. Customers will return to a restaurant that has great staff. Colors and decorations should be appealing. Restaurant atmosphere: Make sure your restaurant is warm and inviting. The restaurant should be clean, including the bathrooms. The temperature should be comfortable and the seating should be relaxing and comfy. A dirty table should be cleaned and reset quickly. Special deals: It is important to offer special deals regularly, even daily. This will keep the customers returning. You can even often free appetizers such as bread, chips, or finger foods. You can also have special such as a free meal on one’s birthday.

Gift certificates: A gift certificate is a great way to acquire new customers. They also make for great gifts for such holidays as Christmas. Make sure you have an expiry date on the certificate. Customer loyalty programs: Loyalty programs are a great way to build a customer base. You can send out newsletters, special deals only for them, coupons, or a complimentary meal deal such as a buy 2 get 1 free meal. You can also send out a discount offer on a new menu item. Acquiring customer emails is a great way to keep in contact with them.

Without new business, your restaurant won’t be able to grow. You need a constant stream of new customers to replace those you lose as a result of customers relocating, switching jobs, or changing dining habits. A restaurant’s success depends on the volume of customers coming through its doors. It is important that you implement a plan that shows customers that their patronage is appreciated and valued. Actively promoting your restaurant will result in long term success.