Retail Business Acquisition Opportunities in Central Kentucky

           There are a couple of retail business acquisition  opportunities in the central Kentucky area :


1. Liquor Store -   Great volume with drive thru located in a busy strip center
a great county seat town near Lexington .  $450,000 including inventory .

2. Retail Store -  - Women's clothing and home decor in attractive mall location in Lexington           $175,000      Some seller financing will be considered

New Food Truck Opportunity in the Pipeline

          Check back early next week for details !!

Food System Innovation Center at the University of Kentucky

          This is a great resource for people in or wanting to get in the food business is this department at UK .   Follow this link to their website .

Food System Innovation Center at the U Of KY


         I have attended a couple of their training events including the Market Maker class and it was very informative .

The Fifth P - The importance of people in successful restaurant operations

           Restaurants are people driven.   The customers are people and being a service business the restaurant employees are a critical component of making the restaurant experience a good one .    Think about it , if restaurant has 100,000 customers visits in a year there,  there are several employees that influence the quality of  each visit .  These can be direct interaction such as the server or order taker or food quality impact such as the cook or chef .  Furthermore , others impact the dining experience in areas like cleaning , maintenance , food prep ,  clearing tables, valet parking, taking out garbage , executing social media strategy , or how well the manager schedules staffing for a particular shift .   If there are 10 people directly or indirectly influencing the dining experience of those 100,000  then theoretically there are at least one million potential influence or interaction points .  

         A lot of traditional marketing text books and terminology focus on the Four P’s  . These Four P’s are Product , Price , Place or Placement, and Promotion .   I submit that in the restaurant business perhaps more than any other industry there is the Fifth P and by that I mean People .   Additionally, social media has changed the way and frequency with which consumers communicate their dining experiences . Successful restaurateurs know this and that includes some great local examples .   While effective human resource management involves many aspects including planning, selection,  interviewing , training, retention , labor scheduling methodologies ( including software ) , base compensation, incentives ,  the component that binds or is the “glue” to all this is the enterprise “culture” .    Effective enterprise culture sets expectations,  helps define what type of person is a fit for the organization ,  facilitates teamwork ,  and helps employees make decision when faced with a new situation or grey area .           

           The restaurant business is as much a people business as it is a food business .  That why People are “The Fifth P “ .           

                                                                

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Food Commodity Prices and Food Cost

           Food commodity prices are looking pretty good right now so if a restaurant operator is having food cost issues there must be other causes including but not limited to :

-  Menu pricing
-  Menu organization
-  Internal theft
-  Portion control
-  Purchasing
-  Marketing and Advertising ( are you focusing attention on the right menu items ? )

      Food Cost plus Labor Cost equals Prime Cost and Prime Cost should be the cost summary item on a restaurant P&L that should be monitored frequently .  

Restaurant and Retail Business Consulting Services

Restaurant and Retail Business Services

A restaurant or retail business is a complex enterprise with many facets
that must work well and work together in order to achieve optimal performance .
Sometimes it is beneficial to have a professional independent third party conduct a review of the business to identify problems and opportunities .
Elias Farah and Mark Sievers are both highly experienced restaurant and
retail professionals with expertise in operations, finance , marketing, information technology, menu/product mix management , equipment, franchise issues , real estate , human resources , supply chain , acquisition due diligence and business sale assistance .

A restaurant or retail business owner interested in our services should
contact us for a FREE ONE HOUR CONSULTATION .

Restaurant Equipment For Sale in Lexington , KY

A selection of barely used ( approximately one year ) and high quality restaurant equipment is for sale .



1. Imperial Deep Fryer ( natural gas )
2. Imperial Filter Machine for fryer
3. Imperial Flat Grill ( natural gas )
4. Stainless steel awning for hood
5. Stainless steel prep table
6. Tables and chairs
7. Extensive small wares, utensils , etc.


$9,500 for entire package

Pita Bread Making Machine For Sale

A fully functional Pita Bread production machine is for sale in Lexington , KY .

2014 Saltek Advanced Capacity
Includes dough mixer and accessories
Seller will provide two weeks of training
Production rate of 500+ loaves per hour
Original cost $129,000
Asking price $75,000


Serious Inquiries To
Mark Sievers
The Sievers Company LLC
(859) 576 2257 thesieversco@aol.com
Or
Elias Farah
Restaurant and Retail Consulting
(859)

Food truck brokerage success story

      In September of 2106 we were engaged to find a buyer for a food truck .   From the time of the engagement to closing the sale the entire project only took one week .   We located a buyer in Nashville ( a chef ) and successfully facilitated the negotiations and logistics to quickly achieve desired results .

Why Packaging Matters

         When developing a new product the amount of time and effort that will be required for packaging is often under estimated .   Packing matters and here are just some of the reasons why .

1. It is an important component of cost
2. It determines or influences shelf life
3. Intended form of display
4. Identifies the product
5. Protects the product from damage or contamination from micro-organisms ,
    air, moisture and toxins .
6. Protection during transportation and shipping
7. Contains or keeps product together
8 Can determine how its consumed ( eg: beverages )
9. Stacking and storage to optimize shelf space
10. Printed information
11. Possible “green” attribute if recyclable materials used
12. Set tone for the product - conveys image and personality of the product
13. Conveys brand identity
14. Can be a new way to use product
15. Can evoke emotion
16. Can end up being the image icon for the brand and therefore trademark
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