The COR Hospitality Advisory Group was established to provide consulting and restructuring services for restaurants, bars, hotels, banquet halls and night clubs across Ontario. The hospitality industry is a very tough industry to be successful in, there is so much competition and having consistent success takes a lot of work, time, money and most of all personal effort from owners. Its not a perfect science and knowing what the right recipe for success is doesn’t come so easy. Our goal is to help businesses succeed and find the right opportunity to start their success or continue to grow into successful operations. Through this division, we provide businesses with operational consulting services, small business loans for financial stability anywhere from $100,000 and up along with restructuring services to keep the doors from being closed for good. Headed up by Eric Satov as Senior Consultant, a veteran of 20+ years in the hospitality industry, our services will consist of a full 360 degree coverage of every business, with the following being taken into account:
Every penny counts when it comes to running a successful business. There’s always a way to make your product better and save some money at the same time.
Having the best people on your team is the easiest way to maintain and grow your business. Having a system in place to recruit/hire/train/ evaluate can help attract and keep the best people. Decreasing employee turnover is essential to longevity.
There are many ways to achieve growth in sales, one of the most effective is ensuring that everyone in the neighbourhood knows who you are. I would make snack drops at local business’s weekly (not everyone every week) and maintained a good relationship with everyone that I met. It is very important to get involved with community events and have a presence outside of the establishments four walls and the digital world.
Consistency is the key for operational success, having operational policies and procedures in place provides the staff with the tools they need to perform at the highest level.
Having H&S policies and procedures in place will help to protect your guests and your staff. It also helps to ensure you always pass your health inspections with nothing but green and your business is never jeopardized.
Staying organized and up to date is how you avoid issues with payroll and employee files. If you don’t have an employee handbook, it’s time to create one!
In 2020, things are always changing at a very fast pace, learning about what tools are available to you will help you choose what will have the biggest positive impact on your business.
When it comes to opening a new business, there are a lot of moving parts. We are there to hold your hand from beginning to end and beyond. If you are opening a new restaurant, we will be with you every step of the way. From layout design on new builds or renovations on existing space through to hard opens and beyond
For more information or if you require our assistance with your hospitality business, please contact Eric Satov directly.