Oct 10, 2026
Montreal, Quebec Oct 9, 2026 (Issuewire.com) - Michael Aronovici has spent the past decade advising restaurant and investment groups on expansion strategy, financing, menu repositioning, margin improvement, entry into packaged goods, supply chain optimization, market assessments, and marketing effectiveness. He is President and sole owner of Interaction Restaurants Group, a consulting, management, and holding company.
Lately, he says the calls he gets have changed shape.
"A few years ago, almost every conversation started with growth. Where should we open next. How fast can we scale," Aronovici says. "Now the first question is usually about margin. That's the shift I'm telling clients to pay attention to, because it changes what work needs to happen first."
Margin Before Growth
Aronovici's view is not that growth is wrong. It is that growth plans built on thin margins eventually catch up with a brand.
"I've built and sold businesses by growing them, so I'm not against expansion," he says. "But opening more locations on a margin structure that's already strained just multiplies the problem. The groups doing well right now fixed their unit economics first and then grew."
He points to menu repositioning as one of the more direct levers available to operators. Pricing, portioning, and ingredient choices can be adjusted without a full rebrand, and the effect on margin shows up quickly.
Packaged Goods as a Second Line
One area Aronovici has advised clients on is entry into packaged goods, extending a restaurant brand into retail products sold outside the four walls of a location.
"It's not a fit for every concept, but where it works, it gives a brand a second revenue line that isn't tied to table turns or foot traffic," he says. "For groups worried about how dependent they are on one format, that matters."
He is careful to frame this as one option among several, not a universal answer. The decision depends on the brand, the category, and whether the operational capacity exists to support it.
What Changes When Supply Chains Get a Second Look
Supply chain optimization is another part of Aronovici's advisory work, and he says it often gets less attention than it should.
"Supply chain work doesn't get the same excitement as a new location or a new product line, but it's where a lot of margin actually lives," he says. "Groups that go back and really look at their supply chain, not just once but on an ongoing basis, tend to find room that a menu change alone won't give them."
He describes this as a discipline rather than a project with a start and an end date. The groups that treat it that way, he says, are the ones who keep finding savings instead of finding them once and moving on.
The Message to Investment Groups
Much of Aronovici's advisory work involves investment groups evaluating restaurant assets, which brings market assessments into the conversation alongside operational questions.
"Investors looking at a restaurant business need to separate a brand's growth story from its margin story," Aronovici says. "Those are two different conversations, and conflating them is how deals get priced wrong in either direction."
He says marketing effectiveness is part of the same review. A brand can be spending well against a growth goal and poorly against a margin goal, and the two require different measures of success.
"My advice to clients right now is simple," Aronovici says. "Do the margin and diversification work before you commit to the next round of growth, not after. It's a lot harder to fix unit economics once you've scaled a problem across fifty locations than before you've scaled it at all."
To read more, visit the website here.
About Michael Aronovici
Michael Aronovici is President and sole owner of Interaction Restaurants Group, a consulting, management, and holding company based in Montreal, Quebec, Canada. Over more than 30 years, he has built and sold restaurant brands including Pizza Hut Quebec, the Cultures restaurant chain, Salisbury House, and Starbucks Coffee in Eastern Canada, and introduced P.F. Chang's to the Canadian market. He holds a Bachelor of Commerce (Great Distinction) from McGill University and is a CPA with a specialization in M&A. He has served on the boards of the Canadian Restaurant and Foodservices Association, the National Restaurant Association, Prime Restaurants Inc., and Meditrust Pharmacies.
Contact:
Source :Michael Aronovici
This article was originally published by IssueWire. Read the original article here.
The French president, Emmanuel Macron, and his wife, Brigitte, sued Candace Owens in 2025 over claims she made about Ms. Macron’s gender. A judge said the court had jurisdiction over her companies but not her.
People on a range of incomes from £4,062 to £150,000 a year tell the BBC what they want to see in this year's Budget.
As drone deliveries become more commonplace, their makers are looking for ways to make them quieter.
The latest figures mark a major milestone as Beijing grapples with an ageing population.
Much of the online discourse about Senate races in Texas and Kansas is coming from accounts that appear to be automated, according to new research.
Plans to switch to digital landlines by January could leave remote areas of the UK vulnerable, MPs say.
Poland is now achieving formidable economic growth rates and fast rising living standards
What are the National Minimum Wage and the National Living Wage, and how much are they worth?
The shelter has seen a "huge increase" in the number of cats it has taken in, compared to last year.
Wall Street banks and chipmakers are among those poised to capitalize on the artificial intelligence giant’s public trading debut.
After more than 100 years on the New York Stock Exchange, the automaker is shifting its listing to the Nasdaq, which is home to many technology companies.
Chancellor John Healey will reveal the new pay rates in the Budget, and has also announced measures to help households with the cost of living.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.