At KRG Hospitality, we understand that navigating the path to launching, stabilizing, or scaling a hospitality business is filled with questions. Whether you’re a first-time owner or an experienced operator, we’re here to provide the answers and strategic clarity you need to succeed.
Below, we’ve compiled answers to some of the most common questions we receive from clients around the world. From feasibility studies and business plans to coaching and consulting, these insights will help you better understand how our tailored services can drive your project forward. Have more questions? Let’s connect and explore how we can help bring your vision to life!
The majority of KRG Hospitality clients are first-time operators starting up a brand-new concept. Our team is driven to give our clients the tools and strategies to launch their concepts with the utmost confidence, and with the strongest odds of long-term survival. Of course, we also work with clients with hospitality backgrounds including experienced operators and established hospitality groups. We welcome all challenges and opportunities!
In our professional, experienced opinion, yes. Our in-depth feasibility studies answer key questions long before a lease is signed or other unbreakable commitments – are made. For example, how do you know the optimal size of venue or property? How do you know the start-up requirements and ROI potential? What about market size, competitive positioning, concept trends, and local business requirements? A feasibility study answers the critical questions you need to make impactful decisions.
Absolutely! More importantly, we create bespoke business plans crafted to impress and attract banks, investors, and other lenders. Further, our business plans are just one component of our recommended 8 playbooks that all serve as invaluable roadmaps that keep clients on track before and after they open their doors. KRG Hospitality doesn’t use templates for any playbook, nor do we hand the job off to artificial intelligence; our business plans and playbooks are as unique as our clients’ projects.
KRG Hospitality takes both broad and narrow approaches to hospitality projects. For example, we are more than capable of working alongside clients to bring their bar, restaurant, café, or hotel to life. However, we’re also well-versed in developing QSRs, “eatertainment” venues, boutique hotels and resorts, and just about any hospitality-focused concept a client brings to us from around the world. We love a challenge, and guiding visionaries from idea to reality is what we do.
Yes. We’re joking (soft of). Spend enough time around hospitality professionals and you’ll hear that nobody needs a consultant, they need a coach, and vice versa. The reality is, you need both. Each provide a different approach to achieving your goals, and both can be effective. Our hybrid coaching-consulting programs are designed to provide aspiring and seasoned entrepreneurs with the strategic framework (consulting) and the continuous follow-ups (coaching) required to open, stabilize, or scale a restaurant, bar or hotel.
For those seeking immediate, in-person assistance, a member of our team can be dispatched to your business directly. Our on-site assessments are traditionally 1-2 days in length, which is followed by a detailed report. Please contact us for logistics and day-rates.
KRG started in a small market in Ontario, Canada. We are now thankful to have clients in both small and large markets throughout the US, the Caribbean, Mexico, UK, Europe, and Canada. No matter where you are located, we have programs, consultants, coaches, and a vast network of industry professionals ready to work with you.
Unfortunately, we do not – not yet anyway. What we do however, is provide you with the studies, plans, and other documents (playbooks) necessary to put you in the best position possible to inspire trust in your concept from potential lenders. Our business plans and supporting playbook packages, have been approved by investors, the SBA, and all major banks.
Yes! No matter your intended involvement as an owner/operator/investor, we can help from idea stage through to opening and beyond. For owner/operators, we not only help with strategic planning, but we help execute those plans through our hybrid coaching and on-site task-force project management (deployment) packages. Perhaps you’re taking more of an investor role where you wish to be completely hands-off throughout the development? Check out our KRG Legacy program, where we take the lead on pre-open and post-open oversight of your concept.
That’s a fair question. To be blunt, you will get much more value than what you pay for. The KRG approach doesn’t involve templates; you won’t find any cookie cutters unless you visit one of our bakery clients. Each in-depth, data-driven strategy plan we develop for our clients is as unique as their projects. A small investment now can not only help secure hundreds of thousands or millions of dollars in financing, but drive the revenue and profits you need to have financial freedom. Further, you don’t have to pay for everything up front; we can break payments up against a schedule of milestones and deliverables. Did we mention we also offer monthly coaching subscriptions and hourly consulting retainers that are geared for every budget or situation? Let’s book a discovery call.
Start Your Business
Ideal for independent operators and property managers looking to start their first highly successful coffee shop, cafe, bar, restaurant, hotel, or entertainment business. From feasibility studies and concept development to business plans, project management, and more.
Stabilize Your Business
Is your hotel, bar, or restaurant operating on profit margins under fifteen percent? Let’s implement systems, improve your profits, and stabilize operations with 1-on-1 clarity coaching, mindset coaching, or hourly consulting retainers.
Scale Your Business
We guide operators who have led their business to above-average profit margins through the next step: the process of growing their brand or portfolio to multiple locations. From multi-location plans to systems & technology and strategic partnerships through fractional consulting – we can help you build a legacy brand!
Build Your Legacy
For high-net-worth individuals, passive investors, portfolio diversifiers, and corporate investors seeking a team to develop their brand and lead their concept.
Mindset Coaching
The Collective is a dynamic group coaching program designed to support hospitality professionals in achieving their goals while fostering a forward-thinking community.
BOOK YOUR CALL
Book Below to Setup a 30-Minute Complimentary Discovery Call and Request for Proposal.
Looking to Start, Stabilize, or Scale? Book Below to Setup a 60-Minute Result-Driven Impact Session – $399 USD