The retail food and beverage (F&B) industry has famously staggering failure statistics. Survivors typically have barely survivable margins. Neither circumstance is inevitable.
Franchise businesses have much stronger success and longevity metrics than stand-alone businesses. The business concept itself is an important factor; but the successful management of mundane business practices such as staffing, training, and inventory management can often have greater importance. The IDEAL team’s deep knowledge of cross-industry best practices can give restaurateurs the courage to deploy the rigorous management techniques necessary to achieve stability and longevity. The key ingredient to F&B success isn’t a recipe; it’s the process.