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Restaurants that find themselves in unsustainable financial distress are in need of making changes in the way business is currently being conducted or the results could be disastrous.
Usually these changes require a set of specialized management skills to be most effective at restoring profitability. Skills that are capable of stabilizing and improving profits, operations and shareholder value.
Steps we employ in a turnaround situation:
- Thorough business assessment to determine the cause or causes for current situation.
- Customized action plan that prioritizes needs and restoration efforts.
- Guidance for an effective execution of these plans.
- Follow-up to ensure the operational and financial goals have been achieved.
Our experience allows us to analyze, organize, develop, design and assist in implementing the proper strategies to improve the underperforming restaurant(s). We have excelled at developing and implementing effective plans that have improved the bottom and top line.