6 Reasons Why You Need Restaurant Consulting For Your Restaurant Business

Why you need Restaurant Consulting for your Restaurant Business

While starting a new restaurant business, there are a lot of factors that need to be considered, ranging from deciding the restaurant concept and design, menu engineering, to hiring and staffing. If you are not from an F&B background, or don’t have a prior experience of opening or running a restaurant, you are certain to face troubles. Read the most common mistakes made by first-time restaurant owners and how to avoid them here. Thus arises the need for Restaurant Consulting. Even if you are not a first-time restaurateur, a restaurant consultant will give the perspective regarding the business and format for a particular area, and help you in setting up the restaurant business.

Restaurants Consultants are the people with experience and expertise that they have gained over the years working with different restaurants. This article talks about the specific areas where a restaurant consultant becomes a must while starting a restaurant.

Specific Areas Where You Need Restaurant Consulting

The role of a restaurant consulting varies from providing expert advice on concept, design, finance and location, menu and other factors related to the success of your restaurant business. Following are the areas where a restaurant consultant plays a major role.

  • Brand and Concept
  • Hiring and Training
  • Menu Design
  • Restaurant Design
  • Restaurant Finance Planning
  • Social Media/Marketing

1. Need for Restaurant Consulting in Deciding the Concept and Location

(i) Concept and Format:  When any restaurant owner is beginning with their new venture, the restaurant consultant will help you in developing the concept for your restaurant and whether the location and the concept are in sync. Based on the concept, the restaurant consultant helps you decide the restaurant design, develop the menu and the pricing.

(ii) Location: Location is also a critical component that plays a major role in the success of the restaurant. Based on your restaurant concept, format, and budget, the consultant can help you pinpoint the ideal location of your restaurant after doing a market research specific to the existing competition and target audience. With the help of the restaurant consulting, you will be able to do a demographic survey to understand the potential customer base and their eating preferences. Restaurant consultants are aware which location works best for a particular restaurant format, and has an already built-in customer base for a greater footfall.

(iii) Shop & Property:  The need for restaurant consulting also becomes essential in selecting the right property for your restaurant. Basic amenities such as the parking space, regular water and electricity supply is a must in any restaurant. Your customers should be able to reach restaurant without much difficulty and park their vehicles otherwise they might choose another restaurant over yours. The consultant will also help you in analysing that there are desired amenities already available in the building of your restaurant.

2. Need for Restaurant Consulting in Hiring and Training

Your staff is the biggest asset to your restaurant business and hiring and training them is one of the most critical aspects of running a restaurant. There are several categories of personnel that are required in a restaurant business such as managers, cooks, servers, dishwashers, hosts and bartenders. Hiring an HR team for single standalone restaurants can be too much of a task and also will cost you a lot. There are many restaurant consulting firms that can help you set up the entire restaurant staff and also train them.

In the process of building the kitchen and team, the staff is given the recipe and ingredients and then there are a lot of trial and error sessions. The training of the staff members is usually completed in 2 weeks.

Importance of Restaurant Consulting - Onkar Samarth

3. Role of Restaurant Consulting in Menu Design

One important thing that is generally understated is the restaurant menu design and layout.  Any menu if designed properly can be used as a tool for persuasion and influence your customers to order more.  Your menu is the most powerful tool for your restaurant marketing if used judiciously and should never be executed in haste.

For boosting the revenue of your restaurant business, hiring a menu consultant becomes very important. If any restaurant’s menu is not working well, just redesigning the menu and incorporating basic menu engineering techniques can bring in great changes in your restaurant’s performance and you can see a hike in the profits.

Your menu design should be able to reflect your restaurant’s concept and brand. In addition, there should also be budget lines for professional copywriting, printing and production, and potentially for new food photography and any new brand elements that may be introduced both to the menu and overall brand platform.

(i) Menu Design & Layout

A restaurant menu consultant will help you decide the design and layout of your restaurant menu. The menu should be in sync with your restaurant format and also works as a branding element. Following aspects need to be considered while deciding the menu-

  • Colour & Font: The colour combination of your restaurant menu needs to be in sync with your restaurant’s format and concept. For example, for a fine-dine restaurant, you can go for warm and earthy shades, while for a quick service restaurant
  • Font: Make sure that the font used in your restaurant menu is clear and easy to read. The size of the font must be neither too big nor too small.
  • Size & Template: The size of the menu should be handy and easy to hold.
  • Menu Description: The menu description for each item on the menu needs to be crisp, descriptive, yet be written well enough to tempt customers to order more. This article will guide you how to write tempting menu descriptions.
  • Menu Paper Quality: The restaurant consultant will help you choose if you want to have waterproof paper for your restaurant menu or have a laminated menu.

The restaurant consultant will do some study around the areas like the menu of the existing restaurant and the existing competition and then guide as to how the menu can be made unique by adding new dishes which will be appealing to the target customers.

Onkar Samarth, Chef/owner, El Toro says,

Initially, 6 months is your breeding time. No interference should be done on your current menu. You need to decide after 6 months that which item is not giving you enough ROI.
If there is a lot of complaints about one particular dish, then consultant can always change the process method. Or if nothing works out, you can take it out. I do my study after every 6 months, the things which are very slow in moving, I take them out.

(ii) Menu Pricing and Menu Costing

Food cost and portion control are two ways to help price your menu correctly. Creating the right price point for your menu is essential for keeping costs down and sales up. The menu consultant can help you in understanding the role of portion control, food cost; price points will help to create a restaurant menu that balances customer expectations with an affordable kitchen inventory.  Your restaurant menu should be of the right length. The consultants can help you in hiring chefs for your restaurant as well who will care about your food and menu starting from its preparation to its plating.

The consultant will guide you on how to make accurate recipes and take food cost out for per portion which is essential for pricing your menu. The ideal menu food cost should be 28-30% of the Selling Price of the item. If the final selling price of the item is too high, then with the help of restaurant consulting, you will be able to decide if your target customers are willing to spend that much on an item and whether or not it would be a good idea to include that item in your menu. However, there are few exclusive items that can go for a higher price.

4. Role of Restaurant Consulting in Financing

Restaurant Financial Planning is one of the most important components of opening a restaurant. Restaurant consulting will enable you to analyse the performance of the restaurant on the parameters of Profit & Loss, Cash Flow Statement, Cost of Sales and Cost of labour. After assessing the data, operators can do the evaluation of their finances and establish systems and structures to keep the restaurant performing.

Restaurant Financial Consultants work with the Restaurant Owners and set financial goals for their restaurants; decide upon the viable options for investment, move money into those investments, and keep an eye on their finances with their critical thinking.

With the help of the  Restaurant Consulting, you will be able to create a budget for your restaurant which will help you with a 5 year or ten years projection.Restaurant Financial Consultant can give insights to a startup or even existing restaurant as what would be required for fulfilling the goals.

Your Restaurant Financial Consultant will guide you in the following areas:

  • Space allocation for all your functional areas.
  • Interior cost assumption
  • Restaurant, Bar, Kitchen equipment and machinery costs budget.
  • Pre-opening expenses, admin expenses
  • Restaurant and Kitchen profit loss account
  • Revenue projection and play of key drivers of occupancy and costs.
  • Uniform system of accounting for restaurants
  • Identify index of variability for all drivers of your cost.
  • Identifying depreciation.
  • A simple cash flow statement
  • Cost of Capital- creation of your restaurant WACC.
  • Review of your restaurant project using tools like IRR, NPV, ARR, ROI, and Payback.
  • Staffing plan and their salary projections.

Restaurant Financial Planning for an existing restaurant will create budgets by identifying key drivers and their index of variability for each item. Budgeting works well with our Planning for profits process.

The Financial Plan for your restaurant will include:

  • Risk Analysis & Mitigation Plan
  • Sales Forecast Break-Even Analysis
  • Profit and Loss Statement
  • Cash Flow Statement
  • Balance Sheet

5. Role of Restaurant Consulting in your Restaurant Design

The entire process of restaurant designing and planning is the most important component of restaurant concept development, and this is the area where you need restaurant consulting.

Restaurant design requires an in-depth understanding of how restaurants flow, how employees will interact with the design, and how architecture and layout of your restaurant can impact the design. Refer to these guidelines to get a deeper understanding of restaurant design.

A restaurant design consultant understands anthropometrical viability before creating a restaurant design and floor plan and does the optimal utilization of the space available required for human sitting and movement.

Both consultant and an architect can help you with your restaurant design and floor plan. The architect will be able to come up with spatial configurations and draw up the floor plans to make sure that the layout is safe and successful in the long run.  The role of the consultant will be to be able to guide where and how to build a wall, design a staircase and how to structure and collaborate various elements and principles of design in generating a harmonious and a functional floor plan.  You would also need a contractor who would be responsible for supervising the construction. The contractor can implement the design and guarantee the on-time completion of the construction work. However, at the same time, the restaurant owner has to ensure that there is coordination between the architect and the contractor.

It is undisputed that the success of a restaurant is primarily dependent on the customer service you provide. However, what attracts your customers to your restaurant and retains them will depend not only on the food but your restaurant interior design as well. The idea is to create an atmosphere or environment that puts the customers at ease while they have the most amazing dining experience. Your restaurant’s interior design should be according to your restaurant format and the concept.

Importance of Restaurant Consulting - Gundeep Singh Anand

6. Role of Restaurant Consulting in Marketing of your Restaurant

There are several restaurant consulting firms that also help in the marketing and branding of restaurants. For one single restaurant, hiring a PR team can be too expensive on the payroll. There are various outsourcing agencies/advertising companies that can efficiently handle the Marketing and the PR for your restaurant. All your social media platforms are handled by them.

Even if the consulting firm doesn’t handle the marketing part themselves, they have a fair understanding of the target customer base and can help come up with the best marketing strategies to attract and retain customers. They come up with their promotion and building brand strategy that will be suited for your restaurant.

For making any restaurant a success, the product has to be good. A restaurant consultant can obviously help you in various ways but the owner should know what type of business he is choosing. When you are in a customer based industry, people’s perception matters a lot and a restaurant consultant can help you understand the demand of your target audience. With the help of the restaurant consulting, you will be able to improve the overall performance of your restaurant including customer service and dining experience.

Rating: 5.0/5. From 1 vote.
Please wait...

1 COMMENT

  1. Impressed with your indepth understanding. With your extensive database, would you be able to recommend some consultants with whom one can get in touch with

LEAVE A REPLY

Please enter your comment!
Please enter your name here