Tag Archives: restaurant success story
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
Starting a Pop Up Restaurant Business: Success Stories
Want to test your restaurant business plan concept but don’t want to go all in- or don’t have the interest in raising the money to do so? There are still plenty of options.
Another … Keep reading
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
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
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
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
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 have … Keep reading
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
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
Burger Flipper to $10 Million a Year (and Growing) Restaurant Success Story
There isn’t much to add to this profile of a great restaurant success story. It shows that if you learn the business, make smart decisions and invest wisely you can end up doing extremely well.
McDonald’s is a tough nut to crack in the US these days with few new locations opening and a ton of existing franchisees waiting to open them but there are lots of other opportunities to start a franchise, open a restaurant of your own or buy an existing restaurant.
The money and opportunity are there, even in a lousy down economy if you just plan ahead and work smart.
“My grandfather was the principal at my elementary school, then he went on to be … Keep reading
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