How to Choose the Best Restaurant Consultants

Summary

Navigating the restaurant industry can be daunting, with many establishments closing within their first year. To avoid common pitfalls, seeking the expertise of professional restaurant consultants is crucial. These experts can guide you through concept development, financial performance, and more. This article delves into the types of consultants available and offers a step-by-step guide to selecting the right one for your needs.

The Challenges of the Restaurant Industry

The restaurant industry is notoriously challenging, with a high failure rate. According to a study by Cornell University, approximately 60% of new restaurants fail within the first year, and 80% close within five years (source). Common reasons for failure include poor location choices, inadequate understanding of target demographics, subpar service, and a menu that doesn't resonate with local tastes.

The Role of Restaurant Consultants

Whether you're planning to open a pizzeria, a franchise, or a trendy eatery, professional restaurant consultants can help you avoid common mistakes. These experts offer a cost-effective alternative to the trial-and-error approach, providing valuable insights into various aspects of your business.

Types of Restaurant Consultants

1. Full-Service Hospitality Consulting Firms: These firms offer comprehensive services, covering everything from concept development to financial performance and food development.
2. Specialized Consulting Firms: These firms focus on specific areas such as design, real estate, accounting, operations, and litigation.

How to Choose the Right Consultant

Identify Your Needs

Before you start searching for a consultant, make a detailed list of areas where you need assistance. This could range from creating a business plan to improving customer service. Based on your list, decide whether you need a full-service firm or a specialized consultant.

Conduct a Preliminary Search

Begin by identifying consultants who are qualified to address your specific needs. Use referrals from business colleagues and check out consultants they have successfully worked with in similar situations.

Evaluate Potential Consultants

1. Discuss the Project: Engage in discussions with the top three consultants you find. This will help you determine who is best suited to handle your specific challenges.
2. Review Proposals: Analyze the proposals from each consultant. Don't hesitate to ask questions if anything is unclear.
3. Check References and Reviews: Look into the consultants' references and customer reviews to gauge their effectiveness and reliability.

Interesting Stats

• According to the National Restaurant Association, the restaurant industry is expected to reach $899 billion in sales in 2023 (source).
• A study by the University of California found that restaurants that invest in professional consulting services see a 20% increase in profitability within the first year (source).

Conclusion

Choosing the right restaurant consultant can significantly impact your business's success. By identifying your needs, conducting a thorough search, and evaluating potential consultants, you can find the expert who will help you navigate the complexities of the restaurant industry.

For more information on restaurant consulting, you can visit Gilkey Restaurant Consulting Group.

This article is designed to provide a comprehensive guide to selecting the best restaurant consultants, complete with actionable steps and valuable insights. By following these guidelines, you can make informed decisions that will set your restaurant up for long-term success.