Situation
With increasing food and labor costs crushing its margins and the competitive landscape changing quickly, this previously high-flying full-serve Asian restaurant chain found its fortunes waning. So when the pandemic forced the closure of all restaurants except for takeout, owners knew the chain needed help.
Approach
FTR analyzed the situation and recommended a two-prong approach that included managing the chain’s accounting functions and embedding an interim Chief Operating Officer into the organization to work on site with the managers and restaurant teams.
Results
In the first year of FTR’s engagement, the group saved nearly $1.3 million through several recommended efficiencies and changes, including enlisting FTR’s accounting team, implementing a new POS, and adopting new technological tools to facilitate more third-party delivery and takeout sales.
Let’s Talk About How We Can Help You Grow.
Whether you’re a small restaurant group looking to reach the next level or a large chain seeking to improve efficiencies and embrace technology, we’re the right partner to assess and support your unique needs. Fill out the form to learn how we can help, and we’ll be in touch shortly.