Restaurant Consulting

Because no amount of hard work or intuition or long hours is enough to assure the success of a restaurant, Eckstut Consulting can make sure you get it right.

Business Turnarounds

Great food, dazzling décor, skillful marketing. There is no guarantee in spite of this winning combination that a restaurant will be successful, that is, profitable. Even a packed house and a line at the door may not keep you from staring at red ink month after month.

Why?

Running a restaurant is unlike any other business. It is a complex undertaking with hundreds of elements, any one of which if flawed, can cause continual money leaks. One popular menu item incorrectly priced, under priced drinks from the bar, holes in the accounting system permitting the staff to pocket money, the high cost of debt service, an exorbitant rent - any of these scenarios can lead to shrinking profits and an owner’s loss of income.

In the restaurant business where profit margins are simply too slim to make mistakes, a small logistical error can cost you the business. Try to increase those margins in this very competitive industry and you may see customers disappear faster than David Copperfield in a dry ice factory.

With over 30 years of experience, Eckstut Consulting can find the mistakes. We know where to look and what to look for. We know the financial structure particular to this very challenging business. Founder and principal, Harris Eckstut, is a 20 year veteran (owner of the successful Montserrat American Bistro, South Street, Philadelphia.) Since then, Eckstut and his team have helped turnaround scores of troubled restaurants.

Here’s what we do:

• Troubleshoot - to include a review of every aspect of the business.
• Create an operations/cost analysis.
• Develop a budget and oversee its implementation.
• Develop and implement effective organizational systems.
• Advise and implement the turnaround.