The current economic environment is providing significant challenges to many businesses in this dynamic sector. The pressure on consumer spend means that customers are now looking for a higher quality experience at competitive prices - value for money is key.
When combined with the effects of rising food costs and the lack of available finance, these are certainly challenging times. The recently issued BERR report is also providing many groups with challenges in ensuring they are fully compliant with minimum wage and TRONC regulations, whilst minimising tax leakage and the potential threat of adverse publicity.
However, we believe that eating out is now established as a behavioural norm - the best concepts and operators continue to flourish and the availability of good sites and people provide some great opportunities for growth.
The good news is we can help you realise these opportunities and minimise those pressures – just as we have helped numerous clients to do so during our long established history as a leading adviser in this sector. We have advised clients as diverse as international brands and national chains, to owner managed businesses and outlets looking to expand and/or diversify. Our expertise will assist whether you are the individual restaurateur, the group operator, the restaurant franchisor or franchisee.
Please contact us to find our how we can assist you with some or all of the following:
Access in-depth analysis in our Restaurants and Bars Report
BIS Guidance on transparency for workers on service charges, tips, gratuities and cover charges
BIS Guidance on transparency for Consumers