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08/26/2024
Case Study: Luxury restaurant group assesses growth opportunities
CohnReznick provided financial forecasts to help a luxury restaurant expand its business.
Background
A renowned luxury restaurant group was exploring various ideas to expand its business.
What we did
We worked in collaboration with the company and leveraged our hospitality industry expertise to translate the various growth initiatives they had in mind – including franchise new locations, expand into hotels, open a membership club, open a mass market brand, launch a food-to-go service, launch merchandising, etc. – into tangible financial forecasts.
Results
We provided valuable insights regarding return profiles on various segments forecasted, and the company moved forward with launching a food-to-go service, signing up a handful of leases.
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This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.