To Remodel or Not to Remodel

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Have you considered remodeling or even just refreshing your restaurants? Recent trends show that the benefits of a restaurant face-lift can help you increase sales by up to 20%. And in an industry where margins are small, that means a lot.

Although a tough financial decision, it’s important to understand the benefits of remodeling before you consider other options to increase your revenue.

Improved Restaurant Atmosphere. As a consumer, would you rather eat at a restaurant with old plastic chairs and outdated infrastructure or somewhere with upbeat lighting, modern seating, TVs, and free Wi-Fi? Your store is a direct reflection of your brand, so make sure the physical space reflects what you’re trying to do as a brand and a business.
Have you considered remodeling or even just refreshing your restaurants? Recent trends show that the benefits of a restaurant face-lift can help you increase sales by up to 20%. And in an industry where margins are small, that means a lot.
Although a tough financial decision, it’s important to understand the benefits of remodeling before you consider other options to increase your revenue.
Improved Restaurant Atmosphere. As a consumer, would you rather eat at a restaurant with old plastic chairs and outdated infrastructure or somewhere with upbeat lighting, modern seating, TVs, and free Wi-Fi? Your store is a direct reflection of your brand, so make sure the physical space reflects what you’re trying to do as a brand and a business.

Enhanced Customer Satisfaction. It’s common to focus a large portion of the remodel on equipment and technology upgrades, but the majority of your time and effort should be put into what the customer will see.  Many of today’s QSR and Fast Casual Franchisors are rolling out updated interior design elements to better accommodate the changing customer. Take advantage of industry research and talk to your franchisor to see what is available to you through supply partners, remodel programs and other initiatives.

Energy Efficiency. Take responsible steps to become more energy-efficient as items need replacement.  In the end you will be more “green” with more green in your pocket as well since you will be spending less money on utilities. If your restaurant needs new toilet fixtures, consider replacing them with higher efficiency models. If your air conditioning units are due for replacement, choose models with a higher SEER rating for long-term savings. Replacing incandescent bulbs with LED, installing energy curtains in freezer rooms¸ the options for efficiency go on and on. Being green is not an all-or-nothing deal.

Once you feel confident that remodeling your restaurant is what’s best for your business, it’s time to develop a plan. It’s important to go into a remodel with a set goal in mind. What is the end result? How much do you want to spend?

In most cases remodeling your restaurant can cost anywhere from $100,000 to $1 million. Additionally, in the case of most franchised restaurants, there are already several remodeling options in place for you to utilize provided by your franchisor. By having a set plan and goal for your restaurant, you can reduce spending money on non-essential upgrades.

There are options out there to help you make your remodel dreams come true whether big or small. With over 20 years of experience in the franchise industry Direct Capital understand your needs and your business and is here to help you finance your next restaurant remodel with speed and ease.

Give us a call at 888-501-6846 or visit https://franchise.directcapital.com  to find out more.