Restaurant Development

Leisure Business Advisors (LBA) specializes in providing the feasibility study, which is the first step in the development process. An independent expert usually prepares this study and it is generally required by  financing institutions or investors. 

The study evaluates potential markets and projects the number of customers by applying market penetration rates to the market segments. These rates are influenced by the quality of the market segments, competition, and the experience of comparable facilities elsewhere.

The study also projects potential financial performance and provides guidance on the maximum development costs that would allow an acceptable return-on-investment to investors.  For more details on the feasibility study process, click here. 

John Gerner, our managing director, conducted a feasibility study for a Dick Clark's American Bandstand restaurant in Florida, and for other restaurants in Pennsylvania, Alabama, Iowa, and Bermuda. He evaluated a new restaurant concept for Marriott Corporation and rated foodservice concessionaires for the Cincinnati Zoo.

We pride ourselves on prompt service and typically respond within a day. We are also sensitive to time constraints. If needed, assignments can be accelerated for an extra fee.