Restaurant turn arounds

The Next Idea has served the restaurant industry by offering world-class quality advice, restaurant consulting and turnaround consulting services to restaurants in trouble. Our restaurant consulting firm provides services to restaurant owners and operators, investors, bankers, lawyers, accountants, property developers and managers, that are involved with underperforming restaurants in need of turnaround services.

Our clients include national and international chains by repositioning brands in underperforming markets or regions, and we serve single or multi-unit independent restaurant and food service groups.

The Next Idea operates a proven system for developing restaurant management accountability, training, operating systems, cost control systems, sales building initiatives and debt restructuring strategies – essential components to successful restaurant turnarounds. Our approach is both holistic and pragmatic, using both tried and tested practices along with new technologies that create a powerful and fast turnaround program.

With more than 100 years collective experience in the restaurant and hospitality industry we understand how to grow a balance sheet and create a sound business and brand strategy that will accomplish both Sales and Profit objectives.

Our Turnaround services include:

•    Brand analysis and positioning

•    Food, Beverage, Supply, and Labor Cost Management
 
•    Profit Performance

•    Food Quality and Service Performance

•    Industry "Best Practice" Operating Systems and Application

•    Vendor Selection and Pricing

•    Human Resources Management

•    Payroll Management

•    Marketing review with focus on new media and online strategies

•    Lease & Rent Negotiations

•    Expense reduction