The Tenant Allowance Trap: Yes, there are details that you should know about this program. First, there are strings attached to the program that you should know. Take a look at these 7 strings attached to the tenant allowance important for you to know. Education is always the best way to keep yourself out of hot water and in the know how of important details. You can better protect yourself when you have these details in mind.

Key Takeaways:

• Do your research before signing a lease even if tenant allowance money is involved.
• Tenant allowance money is not always a good reason to sign a lease.
• There can be hidden costs and it could be a risky venture.

“Restaurateurs, and their real estate representatives, often take great pride in how much tenant allowance money they extract from a landlord as part of a lease transaction.”

Read more: https://www.foodnewsfeed.com/fsr/vendor-bylines/7-strings-attached-tenant-allowance-trap

Looking for a new place to eat in London this summer? Then check out these new restaurants opening this July!

Craving some chicken like KFC? Check out “CHIK’N”. Food that can be described as “East meets west?”, check out “Magpie”. Curious about African food? “Ikoyi” has it. “Nobu” serves Japanese cuisine such as a sushi bar and offers guests the experience of observing the kitchen where the chefs work. Also considered Japanese but more in the fast food style is “Ichibuns”. These examples are just a few of the London restaurants opening this July which has the chefs offering guests their twists and take on food already accepted.

Key Takeaways:

• Chik’n is hipster-friendly UK restaurant that pays staff a higher than minimum London wage and offers free-range chicken.
• Magpie serves up-to-date British cuisine, for example mackerel crudo with blueberry kosho, in a traditional dim-sum style.
• Nobu’s is a 240-cover restaurant, found in the Nobu Hotel, featuring a 10-cover sushi bar and an 18-seats chef table.

“Owners Carl Clarke and David Wolanski believe there is an opportunity for a fried chicken shop which is geared toward quality, ethics and sustainability, and hope to roll out across the country”

Read more: http://www.bighospitality.co.uk/Venues/New-restaurant-openings-Radar-July-2017

If you own a restaurant you know how busy and time consuming it can be. The last thing you might want to worry about is all the financial tasks. From taxes to payroll and everything in between. If you are a busy restaurant and are feeling like you can’t keep up consider outsourcing your financial tasks. Having it done right and on time will really save you a lot of time to focus on other things.

Key Takeaways:

• It takes spirit to run a small business because its tough.
• Running a business requires spirit to get through the financial management problems.
• As restaurants become more competitive, it might be a good idea to ask for outside help.

“A recent TD Bank survey indicated that 80 percent of small business owners, such as quick-serve operators, are self-reliant in managing their company’s finances.”

Read more: https://www.qsrmagazine.com/outside-insights/when-outsource-your-restaurant-s-financial-tasks

Restaurants and small businesses that are not using social media outlets to their full potential can now benefit from a new program/ workshop. This workshop is not set in place to ruin current relationships, but to help businesses utilize outlets like Facebook and Twitter to advertise their products and keep in contact with customers and clients. This service includes but is not limited to: an audit of activity over the last two months, a copy of the guide “Maguire Promotions Social Media Strategy Guide,” and many other books as well.

Key Takeaways:

• I’m offering a new strategy for restaurants and small business clients.
• Restaurants are not using social media, but they could use it to promote their business.
• Getting started with the new strategy requires 500.00 upfront for each business client and restaurant.

“After requests from prospective clients in Boston and across the US, I’m now offering a new Social Media Strategy/Reboot Consultation and Workshop for restaurant and small business clients.”

Read more: http://www.servernotservant.com/2017/07/04/social-media-for-restaurants-small-biz-getting-started-or-rebooting-your-marketing-strategy/

Billboards are tall, very visible and can reach customers while they are driving around looking for a meal. Out-of-Home has made an application to plan and measure success. It uses location data from cell phones to see which customers saw OOH ads and what they did afterwards. Anonymous location data shows someone who had seen your advertisement and is now in the restaurant to make a food purchase. Location data can also show where your customers have gone while not in the restaurant.

Key Takeaways:

• Restaurant business owners need quick advertising strategies to get people in the door.
• Its hard to see a link between advertising and sales for growing a business.
• A solution to growing a restaurant business is to have geofences set up around the neighborhood to draw in more customers.

“In fact, one major national quick-service chain recently served up breakfast using a location based mobile data-fueled campaign.”

Read more: https://www.qsrmagazine.com/outside-insights/out-home-advertising-enters-new-era-restaurants