What Should A New Owner Do?

I’m a new owner of existing restaurant that wish to increase the amount of clients . Based on your experience, what would be the best and fastest way to attract customers?
And should I change the name of the restaurant?

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Jay’s Answer: If the restaurant wasn’t doing well, then rebranding it makes sense. Don’t put “under new management” signs up – people don’t care. If the food is good, the word spreads. If it doesn’t, it spreads faster. New management is a plea for trying it again, because there was a problem.

If the restaurant is doing well, then increasing # of customers (or average expenditure/customer) is your goal. Don’t rebrand – do improve the menu, adding some high-priced items (not necessarily to sell these, but it will psychologically cause an increase in the the avg. expenditure/customer). Build a loyalty program to increase the pull to come to your restaurant.

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