Operating a Profitable Restaurant – Episode 18

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Have you dreamed of opening a restaurant? How about your 2nd, 3rd, 4th or even 10th? In this episode of Operating a Profitable Restaurant, hear from restaurant vets Attila Szabo of Wildfin & Stack 571 Burger Groups who has a total of 5 restaurants soon to be 10, and Rob Coburn & Paige Crandall from El Camino. Rob and Paige opened in 2016 with a single unit (taking over an existing restaurant), and just opened a second restaurant, South Town Pie, a new pizza concept. Attila, Rob, Paige, and RASI Client Advisors, Michele O’Neill and Dave Downs discuss the ins and outs of what it takes to open a new restaurant in today’s industry climate. No matter if you’ve done it numerous times before or if you’re just starting out, we’ll take you through the following:

– Differences in opening a new restaurant vs taking over an existing concept

– Research, development, and challenges that go into starting something new vs growing an existing brand

– Recruiting and developing leadership teams to ensure support across all stores

– How to ensure cash is present to support existing restaurants and upcoming projects

– Market-based restaurant challenges and how operators can overcome them