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A Tip for Restaurant Investors: Study the Demographics

A Tip for Restaurant Investors: Study the Demographics | Geography Education | Scoop.it
The most successful investors in restaurants consider how a style fits an area and track who their customers are, said Hudson Riehle of the National Restaurant Association.

 

A successful business model for restaurants is about much more than quality food at an affordable price.  Ask your students: what geographic factors are important in starting a restaurant?  What variables might make an otherwise attractive location less appealing?  What would ensure a return on your investment? 

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Roland Trudeau Jr.'s comment, July 6, 2012 5:42 PM
It's always important to consider an investment, especially one as great as a restaurant. Like Mr. Ruban said "be prepared to lose the money". You can't possibly foresee all the problems that will occur, but one of the best ways to increase profit is to pay attention to your demographic. Cater to the audience you wish to bring in, and do so in the right area, that will greatly increase your chances of success.
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