Why is a restaurant feasibility study so important? This is a question that is asked by our clients on many assignments.
You need to look at all the factors in this type of economy when researching whether it makes sense to open a restaurant. The margins can be slim as the hospitality industry becomes more dense due to improved economic conditions.
Benchmarking for a feasibility study is crucial. Truman Mox compiles data from numerous operations we currently work and have worked with in the past. Following industry trends and competitors and comparing to a density analysis will demonstrate whether a restaurant can operate in the black in a given location.
Contact Truman Mox today for a discussion on our feasibility analysis can help you decide whether your next hospitality project is a winner.
June 3, 2013 12:00 am