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Dentist Joins Family Restaurant Business Success Story

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A lot of times you think of a restaurant success story in terms of someone rising up from a lower position to attain the level of owner. But that isn’t always the case. Many restaurant owners who become successful actually moved over from already being successful in other areas.

You probably see this most often in franchise owners- people who made a good living in other careers taking some of their income and investing it in a restaurant franchise as a way to diversify and continue to build on their success.

But there are certainly other paths to get there as well. The following story is about a dentist who followed the rest of her family into the restaurant business … Keep reading

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3 Young Restaurant Business Owner Success Stories

I love a good restaurant success story. In the article below, there are three, and they are even more notable for the young ages of the new restaurant owners. In one case, the owner is literally right out of high school.

I feel these stories are inspiring and demonstrate that anyone can open a restaurant if they put their mind to it, have a good plan and are persistent enough to overcome the challenges they will face along the way.

In Spartanburg County, a number of dining establishments have closed due to financial difficulties and other reasons.

But the game has changed recently. During the past year, a new group of young restaurateurs has stepped up to the mark … Keep reading

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Starting a Pop Up Restaurant Business: Success Stories

Another … Keep reading

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The Simple Explanation for Restaurant Success- Why Paul Barron is Wrong

Paul Barron is founder and CEO of DigitalCoCo as well as founder of FastCasual.com and QSRweb.com. I am sure he is a very smart guy who knows a lot more about restaurants than I do.

That said, I think he may be over complicating things in trying to explain what makes Chipotle so successful.

He wrote a book, “The Chipotle Effect,” slated for publication in 2012, that claims to explain the success of the chain.

He says, “In this book, I will make the case that a large part of that astonishing growth has been due to fast casual’s ability to adapt to the changing lifestyles of Americans, including our embrace of social networking and mobile technology.”

Bu then he … Keep reading

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Restaurant Success Story: Cafe Fudgelato

There are lots of perks to doing what I do but probably one of the nicest is hearing from people who have been successful in their restaurant businesses.

After all, the point of doing all this is to help people get a real restaurant open and running and making money.

Otherwise, it’s a lot of work for nothing or it’s just daydreaming, which is cheaper but a lot less satisfying in the end!

Of course I certainly don’t take the credit for his success or anyone else’s. What I am able to help people do is proper planning and working on getting funding to open a restaurant like they’ve always wanted.

The effort comes from them but I like to … Keep reading

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How to Turn a Charity Donation into $500k/Year in Restaurant Sales

This is an awesome story about how some creative thinking, a small investment and a desire to make things happen rather than sit back and wait for them is creating a huge windfall of success.

I have no doubt opportunities like this exist all over the place if you look for them and are ready to take action. There surely is someone who is going to do it. Will it be you and if not, why not?

It’s true. I’m not making it up.

Just last week I turned 2 meetings into $500,000 additional revenue for our restaurant (over a six month period) with a total investment of around $6000 and some time.

Let me rewind a little to give Keep reading

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Open a Restaurant with $12,000 (in New York City, No Less!)

Can you open a restaurant in the most expensive market in the US with only $12,000 and do phenomenally well?

Yes- here’s proof.

But before you race out the door to sell your car or get a cash advance from a handful of credit cards, there are a few more key points to take away from this story that show you how it is possible but it takes work and a great restaurant plan to make it happen.

  • The owner was committed enough to the idea of starting a restaurant she worked a second job as a hostess, waitress, dishwasher and whatever else she could get to learn the business.
  • She quit her job to work as a restaurant manager
Keep reading
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Starting a Bar Business- How to Do It Right

Awesome success story here about starting a bar from Inc. Not much to add except once again, having a plan, a unique concept and the persistence to see the project through to the end make all the difference.

By the way, if you are working on starting a restaurant or a bar you should know that underneath the covers they are 99% the same business, so everything you can learn here you can apply to a bar. Just so you know. 🙂

As a kid, Paul Kermizian was younger than most everyone else at the local arcade. He got pushed aside. He had to wait in line.

Not anymore. Today he can play whenever he wants—and he doesn’t even … Keep reading

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Why Restaurant Value Beats Cheap Prices Every Time

The following story is a very good example of two important principles in the restaurant business you need to pay attention to if you want to be successful. Here they are:

  • Don’t compete on price alone- it is a losing proposition
  • People will choose the best value over the lowest price more often than not

Let’s look at these points for a second, although they are pretty self explanatory.

The first is that by just having a lower price you don’t have enough of a differentiation to make your business succeed. For one thing, it is easy for your competition to lower their prices and it is also easy for a new business to come along and undercut you. If … Keep reading

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Success- Restaurants That Are Exploding Despite Economy

 

The business world seems to have been mostly doom and gloom the last several years and in particular for restaurants.

But that isn’t the case everywhere and for all concepts. We did an article before on a restaurant success story built in the middle of this recession- the worst in decades- and now here is the Inc 500 list out with a whole slew of restaurants that grew- a lot- from 2007 to 2010.

The point is, with a good concept and good execution, it doesn’t matter what the macro environment is doing- you will be able to grow and succeed.  With a poor concept, you’re going to have a tough time in even the best of times and … Keep reading

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