Are you responding quickly enough to the ever-increasing pace of industry change?
LJR Hospitality Ventures helps our clients evaluate technology, conduct competitive and trend analysis, evaluate procurement, appraise leadership and organizational structure, and provide board advisory.
1
Evaluate Technology
- Review all present hardware and software effectiveness and future viability.
- Look at all contracts in place, review pricing, features charged for and currently utilized.
- Determine areas of opportunity and cost benefits with alternative technology solutions.
2
Competitive and Trend Analysis
- Conduct formal guest research on frequent users as well as occasional users.
- Conduct formal research on close competitors.
- Conduct research on the specific segment as well as trend analysis.
- Define strengths, challenges, and opportunities for the brand relative to current competition in existing markets as well as planned growth markets.
3
Evaluate Procurement
- Review Purchasing specifications, pricing, monitoring systems, master distribution agreements.
- Review proprietary items purchased and their impact on procurement.
- Look at all food and beverage and paper contracts determining achievable cost reduction and efficiency post transaction.
4
Appraising Leadership and Organizational Structure
- Assess and understand the leadership team’s ability to grow the company and meet planned expectations post transaction.
- Help determine the talent required and initial and ongoing costs associated with any increases in infrastructure.
- Help determine achievable savings from eliminating duplication of services provided post transaction.
5
Board Advisory
- Assist company ownership and leadership in achieving operational and financial vision for the company.
- Assist capital partners and company leadership in clearly defining company objectives and various approaches to achieving those objectives.
- Help develop effective ways to maintain clear communication for financial partners and operating company leadership.
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