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Food &
Beverage
Types of Food and Beverage Facilities Consulted
Full menu restaurants (formal & casual)
Lodging food service
Theme restaurants
Military food service
Limited menu restaurants
Contract food service
Quick service restaurants
Country clubs
Cafeterias
City clubs
Employee food service
Community clubs
Recreation food service
Services Provided
Market Feasibility Studies
Whether your food and beverage facility exists or is to-be-built, we can
evaluate your market base against your concept. This is a must for all food
and beverage outlets. The feasibility study is the first step of the
development process and provides critical guidance for design, construction,
and operations. It evaluates potential market support and forecasts usage.
It determines potential financial performance, pricing, and maximum
warranted development costs. It provides physical planning parameters, such
as total land size needed and building space required. It recommends the
attraction mix and can include a walk-through description and artist
conception images for use in initial presentations. Components of the
studies include: a full market review and analysis, comparison of concept
description versus industry trends and averages, evaluation of comparable
facilities, an evaluation of your potential usage and revenue (versus actual
revenue with existing concepts), concept development, financial analysis,
development costs, and recommendations to maximize your revenue potential.
Operational, Revenue & Cost Control Reviews
An operational review identifies areas of opportunity and includes an
evaluation of the purchasing, receiving, storage, production, costing,
inventory, service, training, menu positioning, and concept positioning; as
well as an overall study of your physical product, layout and design, food
quality, menu engineering, and overall dining experience. In addition, we
will review your POS system and the specific information that it is
programmed to report. From there we develop ordering/inventory systems and
controls, procedures to "engineer" your menu to produce maximum gross
margins, methods to optimally schedule every labor hour of each day to
produce labor costs in line with projected sales, and simple systems to
track and record daily and week-to-date sales, labor and purchases. This
all-encompassing study concludes with recommendations for improvement and
action plans for implementation with goal, responsibility, timetables and
objectives.
Concept Menu (Re)Design and Development
From start-up projects to the repositioning of an existing operational unit,
let us help you identify and design a winning concept and menu for your
restaurant, find the resources to implement your goals, and assist you in
your build out process. We will review size, scope, format,
seats/bar/back-of-the house, theme, style, menu direction, and price point
based on competitive prices from your local market, as well as food cost
targets developed from your labor profile and fixed expenses. Our team of
experts can assist in site selection, feasibility, local impact studies,
creative design, architectural needs, contract bidding, build out, menu
engineering, and opening activities and marketing for new units or
conversions.
Management/Franchise Selection and Negotiation
REVPAR International assists owners in identifying, selecting, and
negotiating a lease, management contract or franchise agreement with a
restaurant chain or related management companies.
Site Selection, Location Analysis & Lease Negotiation
REVPAR International assists clients in analyzing site locations and
conducting highest and best use studies. Site analysis includes an
evaluation of accessibility, visibility, relationship to demand generators
and area amenities, development obstacles and overall
advantages/disadvantages vis-à-vis major competitors. We can also assist in
negotiating a favorable long term lease which maximizes landlord
contributions to leasehold improvements.
Repositioning Studies
Based on our analysis of the competitive market, REVPAR International
assists clients in identifying the most appropriate repositioning of their
food and beverage establishment in order to maximize its potential operating
and financial performance over the long term and ultimately enhance the
value of the asset. Examples include developing recommendations for
restructuring menus, modifying themes, pricing of products, services and
facilities, improving the image of the establishment through marketing
collateral and channels of distribution, changing the facility’s physical
structure or appearance through refurbishment or renovation, increasing
market penetration, and analyzing the impact of any of the foregoing
changes. A cost-benefit analysis is typically prepared whereby projections
of operating performance and financial results are developed under
alternative scenarios in order to test and verify the most appropriate
course of action based on market research and study findings.
Facilities Planning and Recommendation
REVPAR International reviews facility requirements and planning criteria so
that a proposed restaurant, club, hotel, conference facility or food service
facility will be responsive to market conditions. We work with project
architects in the planning and design phase for a particular project to
identify and recommend potential alternatives prior to actual construction
of a facility.
Strategic Planning
REVPAR International's approach to strategic planning involves extensive
analysis of the market, development of alternative strategies, evaluation of
each strategy, selection of a course of action, and plan for
implementation. The strategic analysis also includes an evaluation of
internal strengths and weaknesses of the facility, its product, and its
service under review, and of external opportunities and threats in the
environment. The evaluation of various strategies includes an analysis of
the advantages and disadvantages; the level of required capital investment,
potential return and associated risk; and the degree to which objectives and
capabilities of the client are met. |