As complicated it is to run a restaurant, it can sometimes be even more complicated to operate and open a franchise.
Picture yourself in this situation: You are extremely excited about the deal you just signed in a busy retail complex that will allow your salad restaurant to serve to an area with lots of foot traffic. The first few months of your operation are proving to be very successful as your popularity grows within the community.
However, a few months go by and you see a sign for a new business that’s also coming to the complex, a restaurant that also features fresh salads and healthy food! When this place opens up you will have a direct competitor, in walking distance that will definitely distract a lot of your loyal clients who may be interested in trying something new.
Now you also have to keep your prices competitive with this future place to ensure that you can still have a profit. It is so important to curb your competition when you sign a contract before you lease out a new space in a retail complex!
If you are looking for a way to ensure the growth of your business by limiting your competition, read this article today!
Read the full article here: http://restaurant-hospitality.com/management-tips/how-keep-competitors-invading-your-turf
How to Handle Restaurant Competition
As complicated it is to run a restaurant, it can sometimes be even more complicated to operate and open a franchise.
Picture yourself in this situation: You are extremely excited about the deal you just signed in a busy retail complex that will allow your salad restaurant to serve to an area with lots of foot traffic. The first few months of your operation are proving to be very successful as your popularity grows within the community.
However, a few months go by and you see a sign for a new business that’s also coming to the complex, a restaurant that also features fresh salads and healthy food! When this place opens up you will have a direct competitor, in walking distance that will definitely distract a lot of your loyal clients who may be interested in trying something new.
Now you also have to keep your prices competitive with this future place to ensure that you can still have a profit. It is so important to curb your competition when you sign a contract before you lease out a new space in a retail complex!
If you are looking for a way to ensure the growth of your business by limiting your competition, read this article today!
Read the full article here: http://restaurant-hospitality.com/management-tips/how-keep-competitors-invading-your-turf
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