You can sleep a bit easier tonight – there is life after struggle.
For many of us in the restaurant business the future may be brighter as we move on to other, less stressful and more profitable positions within the industry. For others, success may lie in selling your handful of concepts- a mini-multiunit chain- to someone like Stephen Hanson of B.R.Guest fame.
Hanson began B.R. Guest in
The key to the success for Hanson is not the estimated 120 million dollar volume B.R. Guest will achieve this year. Or, the dining experience that guests enjoy while sitting on a leather banquette in the Atlantic Grill on
The excitement of creativity and the popularity of perceived success often inspires us to ignore the need for a solid management structure. In many concepts, the front of the house seems to be in step while the back of the house functions nicely. The management – the tier at the top – the people in charge of budgets – the cost conscious individuals who know the price of mayonnaise without looking at an invoice- are often lacking even though they are the foundation of a company. Without that element seldom will the project look attractive to substantial buyouts by investors.
Hanson announced he is searching for high-end dining groups that have several operations running. He is looking for an operator who knows how to run multiple locations and is ready to step to the next level. And, we all know how difficult that can be.
Although multi tasking is a fundamental requirement of the business, owning a handful of locations can often be a road to hardship if you don’t build the organization’s foundation one brick at a time.
Analyze your management structure. Make sure your dining room and kitchen have a solid backing from a management team that knows the intricacies of a successful venture.
It may be time to shift your abilities and time from the creative side of your venture to the business side of your company. Once you put a solid structure in place, your asset will only appreciate.