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It is estimated that many restaurants close about 5 years from their opening due to poor management and other factors. In the UAE, restaurant failures are not uncommon with an excess of restaurants announcing their closure every other week. Seeing as to how easy it is for restaurants to fail and close in the UAE, restaurant owners and managers have come up with the following ways to ensure the success of their restaurants.
A lot of people dream of owning and running a successful restaurant business in Dubai. After all, successful hospitality companies in the city are enjoying a steady flow of revenue every month, thanks to the continuous flow of diners and industry stability. While you might be dreaming of running your own successful restaurant in the near future, it is important to ask whether you have what it takes to actualise this dream.
Restaurants, like any other business, have the sole reason of making profits out of their customers’ needs. There are numerous resources that can help you learn how to run a profitable business. Restaurant management consulting firms in Dubai and Saudi Arabia, however, swear by the tips outlined in this blog article. These tips are behind the success of many restaurants in the region and can help you achieve the same with your restaurant.
As every other new year does, 2019 has presented us with a fresh set of trends that will set apart the best of restaurants from the rest. As a restaurant consulting company in the Middle East, we share with you what is hot in the Food Service industry this year, from healthy eating to cashing in on the latest in technology.
An ideal restaurant concept is key to the flourishing of your restaurant or hospitality business. It will help you attract plenty of new customers while keeping the regular ones coming. Expressed in the menu design, style of service, interior décor and even the type of targeted customers, the right concept promises a boost in profits all year long. For a new restaurant, you could take up some of the latest trends in concept development whereas an old restaurant that hasn’t been doing so well, can give the place a little sprucing up to go a long way in helping you improve your business.
While most people will marvel at the statistics of failed restaurants, they also do not understand the reasons why restaurants fail a lot. You may decide to change your staff or even improve your interior décor. But, did you know that the failure to have efficient restaurant operations may be the problem? Have you ever sat back and thought of improving your restaurant operations? If you are like most managers, this will often be your last resort.
Owning a restaurant that serves great food sounds like a noble and very enticing idea. But have you checked the statistics on successful restaurants? For a long time, there has been the belief that up to 90% of restaurants don't run for more than five years. Well, the real figures put it at around 60-70% but a significant number of these restaurants do not even stay successful for the first year.
Interior design is not merely about the way your interior looks, or what textiles and colour palettes you use in your design. It is far more than that. True interior design focuses not only on the aesthetics of a space but also the functionality of it, and this is what makes interior design for restaurants very important.
Building a brand that captures the enthusiasm of consumers and creating a perfect blend of autonomous franchise brand development plus strategic management can be an uphill task, especially when you're new to the field. The problem escalates even further when you're not familiar with different industry strategies for building such a brand. It can become even more devastating when you set up such a brand only for it to crumble and fail.
According to a 2018 report by Arabian Travel Market, the Saudi Arabian hospitality sector is slated to grow at a rate of 13.5% compound annual growth rate each year to 2022. Restaurateurs looking to set up their businesses can therefore do so with confidence with the market showing promising prospects. However, this may not be the case with every new restaurant and hotel business.