ElevatIQ’s Post

How do we help companies with site selection? And what makes this process so crucial for growing brands? Whether you’re a restaurant, a retailer, or any expanding business looking to add another 50 locations, choosing the right site can make or break your success. This is where we step in to help our clients identify the optimal location that will generate maximum revenue. There are many factors to consider in this decision. So, what are the different types of insights that drive this decision? And how can these insights ensure you make the best investment? Comment on the questions above based on your experience. Watch the full episode to find out: https://lnkd.in/eFGsHtfU #retail #analytics #WBSRocks

How do we help companies with site selection? And what makes this process so crucial for growing brands? Whether you’re a restaurant, a retailer, or any expanding business looking to add another 50 locations, choosing the right site can make or break your success. This is where we step in to help our clients identify the optimal location that will generate maximum revenue. There are many factors to consider in this decision. So, what are the different types of insights that drive this decision? And how can these insights ensure you make the best investment? Comment on the questions above based on your experience. Watch the full episode to find out: https://lnkd.in/eey4itkg #retail #analytics #WBSRocks

How do we help companies with site selection? And what makes this process so crucial for growing brands? Whether you’re a restaurant, a retailer, or any expanding business looking to add another 50 locations, choosing the right site can make or break your success. This is where we step in to help our clients identify the optimal location that will generate maximum revenue. There are many factors to consider in this decision. So, what are the different types of insights that drive this decision? And how can these insights ensure you make the best investment? Comment on the questions above based on your experience. Watch the full episode to find out: https://lnkd.in/dZ5KpRMB #retail #analytics #WBSRocks

Introducing #BusinessFrameworkSeries – A LeverBridge Initiative 📊🚀 The foundation of every successful business lies in its framework. But with so many approaches to choose from, how do you determine the right one for your Food & Beverage venture? At LeverBridge, we believe that knowledge is power. That’s why we’re excited to announce the #BusinessFrameworkSeries—a weekly deep dive into different business frameworks. From understanding core principles to exploring real-world applications in the F&B industry, we’ve got you covered! To kick off the series, let’s talk about SWOT Analysis—a strategic planning tool that offers critical insights into: ✅ Strengths: What sets your business apart? ✅ Weaknesses: Where are the gaps in your operations? ✅ Opportunities: Which market trends can you leverage? ✅ Threats: How can you mitigate potential risks? SWOT Analysis isn’t just a standalone tool but a foundational step that informs the framework you choose. Whether you operate a quick-service restaurant, a fine dining establishment, or a cloud kitchen, integrating SWOT insights into your strategy ensures better decision-making and a competitive edge. 📅 Stay tuned weekly for practical insights, actionable tips, and detailed breakdowns of business frameworks designed to empower your F&B business. At LeverBridge, we’re committed to helping F&B brands across the GCC navigate the complexities of growth and profitability. Ready to refine your strategy? Let’s connect! #BusinessFrameworkSeries #SWOTAnalysis #FNBConsulting #StrategicPlanning #LeverBridge

Data-driven decisions are the secret sauce to a thriving restaurant business! 🍽️ With our Analytics Solutions for Restaurants, we help you unlock growth and efficiency across every aspect of your operations: • Forecasting & Planning: Stay ahead of the curve with precise demand forecasting and labor cost optimization. • Dynamic Pricing: Maximize profits by adjusting prices based on market demand. • Menu Optimization: Create value-driven menus with insights into cost-effective ingredients. • Branding & Marketing: Amplify your brand with unified marketing analytics. • Customer Insights & Loyalty: Foster repeat dining through deep customer journey analysis. • Real Estate & Market Growth: Expand strategically with optimal store and delivery model combinations. Ready to transform your restaurant’s performance? Let’s connect and discuss how analytics can elevate your business! 🚀 #RestaurantAnalytics #BusinessGrowth #DataDrivenDecisions

Calculating COGS without taking inventory seems simple enough... But it leads to *inaccurate numbers* that may keep you in profit-draining practices. Luckily, having visibility of what's coming through your doors & being served to the guests makes it possible to control your revenue. How? When you track something digitally – even if it's just in a spreadsheet at first – you uncover trends & insights you didn't have before. You can make data-driven decisions, like which items to increase, decrease, re-source, or get rid of all together. You bring a whole new lens to your menu and discover how it can drive more profit without sacrificing quality. Suddenly you've gone from theoretical to ACTUAL in your thinking and that's a VERY powerful way to approach sales & growth. Get started with a simple inventory tracking spreadsheet (link in comments) OR book a demo to witness how transformative it can be inside of MarketMan 👀 #foodservice #foodtech #restaurant #restauranttech #foodindustry

In market research, listening to consumers is essential, but don’t just focus on what they say. Understand the reasons behind their responses. For instance, price is often cited as the main purchasing factor, but lowering prices isn’t the only solution. Enhance product value through quality or service. Similarly, with restaurant locations—don’t rush to open new branches just because customers say "the location is too far." Focus on unique values that make consumers willing to travel. By understanding the reasoning behind consumer responses, businesses can create more effective and sustainable strategies. Learn more: https://shorturl.at/hJWf4 #CloveResearch #MarketResearch #DataAnalytics #BusinessStrategy #MarketingStrategy #CustomerInsights #UnderstandingConsumers #ValueCreation #ConsumerBehavior #InnovationInBusiness #EffectiveSolutions

The restaurant industry continues to evolve as quick-service and fast-casual concepts lead the way in expansion while full-service brands take a more measured approach amid changing economic conditions. SRS' Managing Principals Jonathan Lapat and John Few recently shared their insights on this topic with Shopping Center Business. Jono highlighted the resilience of fast-casual growth and its ability to capture market share, while John emphasized how brands are strategically navigating challenges like limited retail space and macroeconomic uncertainty. Click to read the full article 📖➡️ https://lnkd.in/drMaivby #RetailInsights #ThoughtLeadership #RetailBrokerage #StoreOpenings #RetailGrowth

Refining your business strategy can lead to significant improvements in performance and profitability. One effective approach is to embrace customer feedback as a critical component of your strategy. For instance, a restaurant that regularly collects and analyzes customer reviews can identify popular dishes and areas for improvement. By responding to customer insights and adapting the menu accordingly, the restaurant not only enhances the dining experience but also builds stronger relationships with patrons. This customer-centric approach ensures that your strategy is aligned with market demands. 🍽️ Additionally, fostering a culture of continuous learning within your organization can dramatically enhance your strategic efforts. Encourage team members to participate in workshops, webinars, and industry conferences. For example, a marketing firm that invests in ongoing training can keep its team updated on the latest digital marketing trends, allowing them to implement cutting-edge strategies for clients. By cultivating an environment that prioritizes learning and adaptability, businesses can not only refine their strategies but also stay ahead of the competition in a rapidly evolving marketplace. 📈 Learn more at https://lnkd.in/dqX2DF8k #dreamarchitect #parallelograminstitute #daphneyphillip #blackeducators #blackwomen #blackownedbusiness

Sweetgreen Earnings Call Analysis:Sweetgreen's Q2 2024 earnings report reveals a complex landscape for the health-focused fast-casual chain. While the company boasts impressive 21% year-over-year revenue growth and improved operational efficiency, it still grapples with profitability challenges, reporting a $14.5 million net loss. Sweetgreen's innovative approach, including the introduction of the Infinite Kitchen and strong digital engagement, positions it well in the growing health-conscious market segment. However, limited expansion and dependence on price adjustments for same-store sales growth raise concerns about long-term sustainability. Opportunities abound in market expansion, digital sales initiatives, and capitalizing on health and sustainability trends. Yet, Sweetgreen faces stiff competition from brands like Wingstop and Chipotle, as well as economic uncertainties and rapidly changing consumer preferences. The company's ability to navigate these challenges while leveraging its strengths will be crucial for future success in the competitive fast-casual dining landscape. Learn more - https://lnkd.in/es7ziyt5