From owners of fast food, fast casual to expensive exclusive restaurants they have some very common pitfalls and mistakes in the hospitality industry. Here is a perspective from one restaurant executive sharing his thoughts and advice.
Here is one of the top reasons why Restaurants suffer and some points how to avoid them.

Lack of knowledge about competition and location
Doing your homework on the areas you consider to be prime for your location are important steps. How will your brand fit into the neighborhood and city?

Having a feasibility study completed before signing any lease and having plans completed will discover any situations that you may need to address before getting too far along with your project. This may be the single most important part of you having success or not and make solid informed decisions.

Performing a S.W.O.T (Strengths, Weaknesses, Opportunities, Threats) analysis as part of your feasibility study early on in the timeline will enlighten you and identify any issues you may have or encounter along the way.

Having a knowledgeable real estate commercial broker will assist in completing the studies to decide if you brand will work in specific locations. They should be brought in as part of your team early on so they can work with your consultant and start the due diligence process.

Northwest Consultants, LLC
rlesage@northwestconsultants.net 949-633-5512