Remove stories tag exit strategy
article thumbnail

How to Plan Your Restaurant's Grand Re-Opening Event

7 Shifts

Having a specific goal will help you plan out your budget, labor needs, marketing strategy, messaging, and organization before the event. Check your sales and labor numbers, verify how many reserved guests made the event, and check your social media feed for any new tagged posts from guests.

Events 351
article thumbnail

Will Your Restaurant Business’s Legal Structure Work?

Modern Restaurant Management

However, there are countless success stories of people coming together and creating a restaurant concept that succeeds, either on the local level or as a broader national brand. Restaurants Operating As Closely-Held Businesses. If the restaurant is successful, these issues may all come to a head when the time comes to sell or bring in equity.

article thumbnail

How to Open a Bar?

Lavu

What’s your pricing strategy: industry-focused or customer-focused? Outline your financial strategy. What is your exit strategy if things go wrong? It’s important to be clear and concise, but you’ll need to incite an emotional response through your bar’s story. Who will be your suppliers/distributors?

Bar 78