Restaurant Turnarounds

Over 25 Years Experience - USA's Leading Bar & Restaurant Consulting

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Restaurant Turnarounds

Our Turnaround Practice is nationally acclaimed. The Turnaround of a distressed restaurant or hospitality venue is a serious process. As Turnaround Specialists, we engineer material operational, cultural, and financial changes. Many in this industry claim to be something to everyone. A chef, a restaurant manager, a former executive, and others claim to be Turnaround Professionals. The truth of the matter is that there is a very small number of legitimate, experienced, and tested Restaurant Turnaround and Hospitality Turnaround Professionals. Do you really want the same people who design your logo, select a location, or do your menu to engineer transformative changes to your business?

Is your business in Distress? Do you have any of the following issues?

Are You in a Crisis Situation?
Difficulty in Paying Current Obligations
Decreasing Cash Flow
Uncertainty as to Where Your Problems Are Coming From
Problems With Maintaining Key Employees
Deterioration in Revenue and/or Increase in Costs
Your Day-to-Day is Becoming More Difficult
Uncertainty About the Future
Confusion as to How to Proceed

If one or more of the above conditions apply to your business, it is time to talk to Turnaround Professionals. These problems generally get worse and are routinely responsible for the closure of most once-prosperous businesses.

Our practice for restaurant turnarounds evaluates every aspect of your business to identify and confirm the sources of the problems. This process will re-engineer these areas with solutions that create a material improvement in your business’ performance. There is substantial heavy lifting involved in a successful turnaround. We work with you to ensure that the implemented changes become recurring in nature so you experience a consistent and ongoing solution. We provide you with operations, budgetary, planning, control, and forecasting tools to monitor and maintain your re-engineered operating methodology.

Call us for a confidential, free consultation

Testimonials

Our group owns a number of boutique hotels in Puerto Rico. We were having substantial food and liquor sales and cost problems. The problems were too out of control for our managers to handle. Precision Hospitality immediately assessed the situation, identified the people and process problems, and implemented solutions, which became an important part of our hourly and daily service.

MG, Isla Verde, San Juan, Puerto Rico.

I have owned three high-volume bars in Manhattan for nearly 30 years. I finally gave in and realized that I needed help. PHA came in, did their thing, added food service at two of my locations, and tripled profits. I left a lot of money on the table over the years. PHA is a self-funding high-return investment.

DM, New York, New York

We are excellent at training single-unit operators to be among the best in the industry. Many of our franchisees become multi-unit operators and struggle with numerous locations. Your assistance and expertise filled this void perfectly. You informed all the reality of change and succeeding with multiple locations.

Burger King HDQ, Miami, FL

I over-invested and spent $1,200,000 to get my bar and grille open. I overspent as I did not have the knowledge and experience with this. Our facility looked great, but we failed to address any of the sales, menu, or cost control programs. After three years of operating without a profit, we hired Precision Hospitality to put us on the right path. They did their job, and we are cash flow positive and very grateful.

RM, Connecticut

Your takeover of and turnaround on our restaurants have saved many of our hotel locations. Thank you.

Henry Silverman, Investor and former President of Days Inn Hotels

Our over 100-year-old restaurant had deteriorated in every way. Our customers had left us, our food, liquor, and labor costs were beyond control, and my bank accounts were empty. You came in, brought hope to our staff, and helped me take control again. Your experience and the calmness you exhibited brought immediate relief. From negotiating with vendors to reducing the food and liquor costs, you gave my family an opportunity to gain control and get back to a normal life.

SV, Vermont

You have been a significant part of our restaurant, bar, and retail growth nationwide. No matter what the challenge, you took it on and excelled. Many thanks to your tireless efforts and dedication to excellence.

WM, Senior Vice-President, American Airlines, Sky Chefs

My wife and I had always wanted to own a restaurant. We had almost no experience and very little capital. PHA was able to negotiate a great lease, train us on the needed procedures, coordinate the hiring of our team, and ensure that we had a budget in place to follow.

SZ, Houston, Texas

Our dream of owning a restaurant quickly became a nightmare. We were not experienced or equipped to handle everything that was required to make money. We should have used Precision Hospitality to educate and train us in the necessary areas before we opened. They quickly assessed our problems and came up with quick and effective solutions. They told us that they were available 24/7, and we took advantage of this many times.

JS, San Francisco, California

Many thanks… You were instrumental in developing and implementing very effective revenue forecasting and operating cost control procedures. It helped our multi-unit objectives in a big way.

Reuben Mattus, Founder of the Häagen-Dazs ice cream business

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