The restaurant industry has experienced seemingly insurmountable challenges over the past several years. The industry has seen generalized year-on-year sales and guest declines. It has experienced sudden and lingering changes in the supply chain and labor costs, exacerbating margin pressure. And the stress of the evolving business environment and workforce availability is threatening operational norms.
CR3’s process is designed to turn these challenges into opportunities by addressing these threats head-on. Our clients find that our 360° assessment leverages a comprehensive approach to identifying core issues while maintaining open communication channels with key stakeholders and defining actionable remediation plans. From strategy to operational reengineering to applying sophisticated financial solutions, our restaurant turnaround consultants and experts deliver for our clients and their constituents.
Roll-up mergers can create significant value through scale and cost savings, but not all roll-ups perform as expected. Speed of integration may be the most challenging factor when acquiring and consolidating multiple assets.
Ensuring every detail throughout the customer experience, as well as the back office, is executed according to a specific vision can lead to success, but it often means taking on functions internally that the business is not well-positioned to execute, or outsourcing functions that are best performed in-house.
This introductory article is first in a Performance Improvement series. Subsequent articles will isolate and expound upon specific tools and techniques.
