Picture this: Your restaurant is thriving. Your staff is happy, your customers are coming back, and your wallet is bursting. Things are going SO well that it might have you thinking if it’s time to open another location.
Is your dream is to grow the community and ethos behind your restaurant to other cities? It might be time to consider opening an additional restaurant location. The decision to open a second, third, or twentieth restaurant isn’t an easy one. It takes a lot of thought and planning to ensure a painless execution.
Over the past five years, the multi-location restaurants in the United States have grown by 3.5 percent to reach a predicted revenue of $144 billion in 2019. In the same timeframe, the number of multi-location businesses has grown by 2.7 percent and the number of employees has grown by 3.5 percent.
If you want to grow and expand your business, but don’t know where to start, have no fear. From the first thought about opening a new restaurant to opening day and beyond, we’ve compiled everything you need to know to successfully operate a multi-location restaurant.
How to Know You’re Ready for Business Expansion
There’s no simple, straightforward way to know if you’re ready to open an additional restaurant location. Here are some important questions to ask yourself before you start planning.
- Are you so busy you can’t handle the crowds?
- Do your customers travel from distant cities to visit your restaurant?
- Do you have funding?
- Will opening another restaurant increase your capital?
- Are you willing to put in the hours?
If you answered yes to all of these questions, congratulations! You’re ready to open an additional restaurant.
Why a Solid Support System is Key to a Successful Expansion
For some restaurant owners, checking the boxes above isn’t enough to take the leap into opening a new restaurant. Having a reliable team behind you is necessary to give the push you need.To read the full article follow the link
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