According to NRAI India Food Services Report 2016, the restaurant industry will grow at a CAGR of 10% by 2021. This indicates a huge potential for business for the existing as well as budding restaurateurs. However, this also means that it would get tougher for them to run the restaurant business successfully. You may wonder why. Because, several restaurants are either struggling to survive or … [Read more...] about The Recipe for a Successful Restaurant
Deliberately or indeliberately, your restaurant collects a lot of data every day from internal (point of sale, employees, customer feedback) and external sources (customer profiles, social media). However, most restaurant owners do not realize that they are sitting on a goldmine of data, and hence, don’t use it to their advantage. This data is not just numbers, but powerful information which if … [Read more...] about How to Utilize Your Restaurant’s Customer Data for Increased Profits
Human resource is at the core of the hospitality industry and also accounts for the majority of its expenses. The percentage of labour costs to sales averages at 22-40% and in some cases in can be almost as high as 75%! This coupled with capital intensive nature of this industry makes running a restaurant a very costly affair. This also makes it necessary for restaurants and cafes to control their … [Read more...] about 7 Lesser Known Ways to Reduce Labour Costs in the Restaurant Business
The beginning of October marked the start of the auspicious festival of Navratri, the 10 days and 9 nights long festival. It is believed one should stop consuming onion, garlic and common salt, if not fasting during the period. While everyone was gearing up to worship goddess Durga, Domino’s India went a step further and stated that more than half of its outlets will turn fully vegetarian for this … [Read more...] about Domino’s Navratri Special: All Veg Menu leaving a Bad Taste in Meatlovers’ Mouths?
Twitter has 3.42 million active registered users and 1.95 million unique users visiting the site every month. These impressive numbers say a lot about the micro-blogging site’s massive user engagement. Being a restaurateur, it only makes sense to piggyback on Twitter’s vast user base to not only engage with your current customers but also reach out to new ones. It not only facilitates … [Read more...] about 8 Ways You Should be Using Twitter for Restaurant Marketing
“Where there is a will there is a way". Sagar Daryani, Co-Founder, Wow! Momo and his partner Binod Kumar have proven this statement to be true. A small business started with mere Rs 30,000, now stands at a staggering Rs 100 crore valuation in just eight years of inception. It has been able to expand its wings across eight cities and 96 stores. The very first QSR format specializing in momos has … [Read more...] about How Sagar Daryani, Co-founder Wow! Momo, turned a Small Kiosk into a Rs 100 Crore QSR Chain