Sunday, December 18, 2016

75 Major Markets Covered by SylineValue.com, Our Revolutionary Office Valuation Solution

New Markets Added
61. Inland Empire, CA
62. Oklahoma City, OK
63. Northern Virginia, VA 
64. Suburban Maryland, MD 
65. Memphis, TN 
66. San Antonio, TX 
67. Las Vegas, NV 
68. Hampton Roads, VA 
69. New Haven, CT 
70. Tucson, AZ 
71. Buffalo, NY 
72. Fresno, CA 
73. Tulsa, OK 
74. Madison, WI 
75. Albuquerque 

Sunday, December 11, 2016

A Fully Illustrated Guide to Automated Valuation Modeling (AVM) -- 100% Excel-based



What the Experts are Saying:

“First off, may I say congratulations and what a tremendous effort.

Our small appraisal business (by your standards) works almost solely in the Excel domain and we have patched together bits of code over the years which constitutes our AVM toolkit.

Your publication is therefore most welcome. More than that, it dumbs down so much of the process for the likes of us valuers. Practitioners with a basic understanding of AVM’s and a good grasp of Excel, will realize how effective your methods are at modelling, model testing and as a value and sales review tool." Mass Appraisal Director ...

“An Illustrated Guide to AVM in Excel is great book for those with a fundamental knowledge of Valuation Model Building.  It provides an excellent overview of the process and serves as a thorough check list of things to consider whether you are using Microsoft Excel or a Statistical Software package.”  Chief Assessor …

Wednesday, December 7, 2016

About Homequant & SkylineValue Products and Services

We are a different type of Valuation Company. All of our generic market solutions are currently free, covering 60 Residential to 75 Office (US/Canada) Markets. Our web solutions are either mobile-friendly requiring no additional apps or are seamlessly integrated with mobile apps. Our wide-ranging AVM solutions offer an excellent value proposition.
Homequant, our flagship comparable sales solution, has all the advanced features professionals need to work-up individual subjects, including an on-screen adjustment matrix with time and distance, flexible valuation dates, variable scoring and ranking, a spatial interface and, a professional comps grid with full value analysis.
Try our 30-Second HomeValu to value a home in 30 seconds, TownAnalyst to analyze sales and assessment, identifying any inequity on the roll and, LocValu to market-adjust generic cost tables, baseline AVMs and more.
Use our proprietary 60-Second solutions (perfect as first look valuation, ideal for internal QC or to revalue your entire portfolio promptly): (a) SkylineValue.com for Office valuation, (b) Homeyada.com for home valuation and (c) Condoyada.com for condo valuation. These solutions cover over 75 major markets and are mobile-friendly, thus requiring no additional iOS or Android apps. 
We offer a host of cost-effective AVM solutions – from Market to Income to Benchmark to Grievance to Foreclosure - with 100% satisfaction guarantees. Visit our websites for current promotions and guarantees.

Our other business and technology services include research services, sales ratio studies, pay-per-call AVM support, pivot tables, static pools, mobile apps, outsourcing and ad inventory rentals.


Tuesday, December 6, 2016

Use SkylineValue.com to Differentiate in Values between CBD and CBD Periphery

(Click on the image to enlarge)

Note - Two very similar office properties could fetch very different prices in CBD Main vs. CBD Periphery

What the Experts are Saying:
“I checked out SkylineValue.com and I have to say that its awesome.  This is a classic case of good things come in small packages.  I was excited to see that the Long Island market is included.  I could see this being a very handy tool for investors, appraisers, portfolio managers or just average Joe’s who like to dabble in Commercial real estate.   For my own purposes, I selected different parts of Long Island and different sub groups of properties and I was astonished at how much flexibility and how quickly I was able to retrieve accurate values without the need for full blown work ups.  The fact that I can get a valuation right on my device in about 60 seconds is a breath of fresh air.  I will be using SkylineValue regularly!”     


Sunday, December 4, 2016

Use Mobile-friendly SkylineValue.com as an App (iOS or Android)

How Our Mobile-friendly Site Looks as an App on iPhone


What the Experts are Saying:
“I checked out SkylineValue.com and I have to say that its awesome.  This is a classic case of good things come in small packages.  I was excited to see that the Long Island market is included.  I could see this being a very handy tool for investors, appraisers, portfolio managers or just average Joe’s who like to dabble in Commercial real estate.   For my own purposes, I selected different parts of Long Island and different sub groups of properties and I was astonished at how much flexibility and how quickly I was able to retrieve accurate values without the need for full blown work ups.  The fact that I can get a valuation right on my device in about 60 seconds is a breath of fresh air.  I will be using SkylineValue regularly!”     

Use SkylineValue.com to Break down the Monolithic Office Classes

Class-A Max
(Click on the image to enlarge)
Class-A Mid

Class-A Min
Built in America. 100%. Proudly.
Note: In order to retain/attract upscale retail tenants downstairs and triple-A office tenants upstairs, proper upkeep and modernization are critical for Class-A office properties.                                                                   
Try out your own subject office property. It's totally FREE and no login/registration of any sort is required. We cover 75 Major Office Markets in the US and Canada. Just click on the market of your choice on our homepage and follow the prompt. If you need help, use 'TRY IT' from the homepage. Here is the link to SkylineValue.com: http://www.skylinevalue.com/   

What the Experts are Saying:


“I checked out SkylineValue.com and I have to say that its awesome.  This is a classic case of good things come in small packages.  I was excited to see that the Long Island market is included.  I could see this being a very handy tool for investors, appraisers, portfolio managers or just average Joe’s who like to dabble in Commercial real estate.   For my own purposes, I selected different parts of Long Island and different sub groups of properties and I was astonished at how much flexibility and how quickly I was able to retrieve accurate values without the need for full blown work ups.  The fact that I can get a valuation right on my device in about 60 seconds is a breath of fresh air.  I will be using SkylineValue regularly!”     

Use SkylineValue.com to Compare Values across Office Classes

Class-A
(Click on the image to enlarge)
Class-B

Class-C
Built in America. 100%. Proudly.
Note: Class-B and Class-C properties rarely attract upscale retail and triple-A office tenants.

Try out your own subject office property. It's totally FREE and no login/registration of any sort is required. We cover 75 Major Office Markets in the US and Canada. Just click on the market of your choice on our homepage and follow the prompt. If you need help, use 'TRY IT' from the homepage. Here is the link to SkylineValue.com:


What the Experts are Saying:
“I checked out SkylineValue.com and I have to say that its awesome.  This is a classic case of good things come in small packages.  I was excited to see that the Long Island market is included.  I could see this being a very handy tool for investors, appraisers, portfolio managers or just average Joe’s who like to dabble in Commercial real estate.   For my own purposes, I selected different parts of Long Island and different sub groups of properties and I was astonished at how much flexibility and how quickly I was able to retrieve accurate values without the need for full blown work ups.  The fact that I can get a valuation right on my device in about 60 seconds is a breath of fresh air.  I will be using SkylineValue regularly!”     

Saturday, December 3, 2016

SkylineValue.com Offers Multiple Customization Plans for Private and Public Clients

(Click on the image to enlarge)
Note: While we currently cover 75 major office markets in the US and Canada, our custom plan will have no such market restrictions; your market could be anywhere in the world as you will collect and manage your own data. 

To get an idea of our free consumer site (which will be customized) just click on the market of your choice on our homepage and follow the prompt. If you need help, use 'TRY IT' from the homepage. Here is the link to SkylineValue.com:

http://www.skylinevalue.com/   
Info@skylinevalue.com

What the Experts are Saying:
“I checked out SkylineValue.com and I have to say that its awesome.  This is a classic case of good things come in small packages.  I was excited to see that the Long Island market is included.  I could see this being a very handy tool for investors, appraisers, portfolio managers or just average Joe’s who like to dabble in Commercial real estate.   For my own purposes, I selected different parts of Long Island and different sub groups of properties and I was astonished at how much flexibility and how quickly I was able to retrieve accurate values without the need for full blown work ups.  The fact that I can get a valuation right on my device in about 60 seconds is a breath of fresh air.  I will be using SkylineValue regularly!”  

Friday, December 2, 2016

Use SkylineValue.com to Value a Trophy Office Property in 60 Seconds. Free!!

(Click on the image to enlarge)
Built in America. 100%. Proudly.

The above graphic represents the sample valuation of One World Trade Center, a trophy office property in Downtown NYC. SkylineValue.com produced this sample valuation in less than 60 seconds. 

Try out your own subject office property. It's totally FREE and no login/registration of any sort is required. We cover 75 Major Office Markets in the US and Canada. 

Just click on the market of your choice on our homepage and follow the prompt. If you need help, use 'TRY IT' from the homepage. Here is the link to SkylineValue.com:


What the Experts are Saying:
“I checked out SkylineValue.com and I have to say that its awesome.  This is a classic case of good things come in small packages.  I was excited to see that the Long Island market is included.  I could see this being a very handy tool for investors, appraisers, portfolio managers or just average Joe’s who like to dabble in Commercial real estate.   For my own purposes, I selected different parts of Long Island and different sub groups of properties and I was astonished at how much flexibility and how quickly I was able to retrieve accurate values without the need for full blown work ups.  The fact that I can get a valuation right on my device in about 60 seconds is a breath of fresh air.  I will be using SkylineValue regularly!”     

Monday, November 28, 2016

Launching SkylineValue.com – A Revolutionary 60-Sec Web Solution for Office Valuation

Press Release
https://www.prlog.org/12604227.html

ORLANDO, Fla. - Nov. 28, 2016 - PRLog -- Homequant, Inc. is pleased to announce the launch of SkylineValue.com, a revolutionary 60-Second web solution to value office properties. Its internal algorithm can be applied to a lone property or en masse to produce excellent "First/Quick Look" values – from Trophy to Class A, B or C office classes – without having to enter any accounting data leading to the Net Operating Income or Cap Rates. All one needs to know is the sub-market the property is located in, an approximate rentable area and a few general characteristics that can easily be gathered by looking at the property online.

The SkylineValue web portal is also mobile-friendly, thus negating the need for separate mobile apps. As usual, it's totally free and no login or registration of any sort is required. Therefore, their invention is productive to users, either way – whether one needs to value a single subject property on-the-go or one who needs to value a group of similar or dissimilar properties quickly on a desktop.

The introduction of the SkylineValue solution makes it now possible to value an entire skyline of any major city in the world in matter of days, not years. Of course, their invention does more than just city skylines; it's equally equipped to value CBD peripheries and immediate suburbs.

They also understand that all Class-A, B and C Offices even in a given sub-market are not monolithic; instead, each class is highly diverse within its own universe causing wide variations in valuations. Consequently, they break down each Office Class into three sub-classes: Max, Mid and Min. The users are, therefore, required to specify if their subject is the Best in Class (Max), Mid-range (Mid) or Lower-end of the Class (Min), thus helping define each property more precisely, resulting in more accurate and uniform values. Additionally, ten property characteristics variables are provided to further fine-tune all subject values.

In short, their invention first helps specify the subject at the Sub-market and Office sub-class level, leading to the property-specific Rentable SF as well as the aforesaid ten property characteristics, thereby producing a highly accurate value at the property level.

The efficiency lies in the uniform implementation of their underlying valuation algorithm. In fact, their tests show an Office property – whether Trophy or A or B or C, with the aforesaid data available – can be valued in less than 60 seconds, making it the greatest "First/Quick Look" individual and mass office valuation system ever.

The SkylineValue solution is currently available for 75 major US and Canada Office markets (as of this release), including Manhattan, Boston, Chicago, Cleveland, Dallas, DC, Los Angeles, Miami, Minneapolis, Portland, San Francisco, Seattle, Toronto and Vancouver and many more markets around the world will soon be covered. In fact, any major market with a skyline is their perfect target market.

While no learning curve is involved to use this solution, help is always right there in the form of a tutorial ('TRY IT') simulating the actual valuation process. Of course, everything is still in plain English, presented in an easy-to-understand format, without the usual appraisal jargon.

The SkylineValue solution will immensely help potential investors – who are evaluating competing properties – get quick values from their system, thus narrowing their choices down to the finalists requiring professional appraisals. It will help commercial researchers, portfolio managers, appraisers and assessors to sample portfolio pricing, without having to resort to full work-ups and/or outside appraisals. It will help the commercial real estate attorneys representing clients on assessment-related grievances as they can quickly evaluate the merit of each case, a priori.=

Since their solution works uniformly across all major markets, national investors, attorneys, hedge funds, REITs and appraisal houses will increasingly depend on their system as the go-to "First/Quick Look" valuation system due to its speed, consistency, accuracy and uniformity.

In a nutshell, the SkylineValue solution will revolutionize the office valuation market by adding the "First/Quick Look" valuation piece hitherto missing. Moreover, the fact that the user-inputted subject data and the resulting valuations are not stored anywhere in their system will provide high level of confidence and relief to the users in the sense that their activities are not being watched, nor are their values secretly warehoused.

Last but not least, they are considering several paid customizations, potentially allowing individual clients to redefine and customize their own markets, leading to their own internal and independent valuations.

The President of Homequant, Inc. recently explained this addition to their product suite: "With the launch of the SkylineValue Office Valuation web solution, we are proving our commitment to the property valuation industry as a whole.  We continue to show the valuation world how to achieve more with less. For instance, unlike the competition, we do not store the subject population data; instead, we let our users simulate their subjects considering that they know their subjects the best. Anyway, as we add more international markets to our repertoire, I have no doubt that professionals around the world will be depending on our system as the go-to first-look office valuation system."

For more information about their custom applications, or to schedule a phone interview, please email them at: Homequant@gmail.com.



Built in America. 100%. Proudly.

What the Experts are Saying:

“I checked out SkylineValue.com and I have to say that its awesome.  This is a classic case of good things come in small packages.  I was excited to see that the Long Island market is included.  I could see this being a very handy tool for investors, appraisers, portfolio managers or just average Joe’s who like to dabble in Commercial real estate.   For my own purposes, I selected different parts of Long Island and different sub groups of properties and I was astonished at how much flexibility and how quickly I was able to retrieve accurate values without the need for full blown work ups.  The fact that I can get a valuation right on my device in about 60 seconds is a breath of fresh air.  I will be using SkylineValue regularly!”     

Monday, November 21, 2016

Homequant Expands Into 75 US-Canada OFFICE Markets

To Download the Office Valuation App ... Search 'CRE Office' in Google Play

PRESS RELEASE
http://prlog.org/12565491

PRLog -- Homequant, Inc. is pleased to announce the expansion into 75 US-Canada Office markets, including Manhattan, Boston, Chicago, Cleveland, Dallas, DC, Los Angeles, Miami, Minneapolis, Portland, San Francisco, Seattle, Toronto and Vancouver, and many more markets around the world will soon be covered. In fact, any major market with a skyline is their perfect target market.

All of these markets can be accessed via their revolutionary Office Valuation App "CRE-Office."
 It can be applied to a lone property or en masse to produce excellent "Quick/First Look" values - from Trophy to Class A, B or C offices - without having to enter any accounting data leading to the Net Operating Income or Cap Rates. All one needs to know is the sub-market the property is located in, an approximate rentable area and a few general characteristics that can easily be gathered by looking at the property online.

The introduction of Homequant's CRE-Office App makes it now possible to value an entire skyline of any of these major cities in matter of days, not years Of course, the App does more than just city skylines; it's equally equipped to value CBD peripheries and immediate suburbs.
They also understand that all Class-A, B and C Offices even in a given sub-market are not monolithic; instead, each class is highly diverse within its own universe causing wide variations in valuations. 
Consequently, they break each Office Class down to three sub-classes: Max, Mid and Min. The users are, therefore, required to specify if their subject is the Best in Class (Max), Mid-range (Mid) or Lower-end of the Class (Min), thus helping define each property more precisely, resulting in more accurate and uniform values. Additionally, nine property characteristics variables are provided to further fine-tune all subject values.

In short, their invention first helps specify the subject at the Sub-market and Office sub-class level, leading to the property-specific Rentable SF as well as the aforesaid nine property characteristics, thereby producing a highly accurate value at the property level.

Even if all nine characteristics questions are unknown to a user, s/he will be able to value the subject as long as the sub-market, office sub-class and rentable area are supplied. Of course, their system will produce more accurate values if more characteristics questions are meaningfully answered. Obviously, someone who answers all nine questions will receive more reliable and accurate values than someone answering only three characteristics questions randomly. For example, since mid and high-rise buildings in CBDs are often more valuable with retail components at the ground level than their counterparts without the retail, simply specifying the proper answer to the binary 'Retail' question would produce a more realistic value.

No doubt, the fact that the user-inputted subject data and the resulting valuations are not stored anywhere in their system will provide high level of confidence and relief to the users - in the sense that their activities are not being watched, nor are their values secretly warehoused.

The efficiency lies in the uniform implementation of their underlying valuation algorithm. In fact, their tests show an Office property - whether Trophy or A or B or C, with the aforesaid data available - can be valued using the App in less than 60 seconds, making it the most efficient "Quick/First Look" (individual and mass) office valuation system ever.

Their App is currently available in Android (in Google Play, search CRE Office) and soon in Apple iOS. A web portal is in works too. Needless to say, their invention is productive to users, either way - whether one needs to value a single subject property on-the-go or one who needs to value a group of similar or dissimilar properties quickly on desktop.

Their invention will immensely help potential investors - who are evaluating competing properties - get quick values from their system, thus narrowing their choices down to the finalist's requiring professional appraisals. It will help commercial researchers, portfolio managers, appraisers and assessors to sample portfolio pricing, without having to resort to full work-ups and/or outside appraisals. It will help the commercial real estate attorneys representing clients on assessment-related grievances as they can quickly evaluate the merit of each case, a priori. Last but not least, since their invention works uniformly across all major markets, national investors, attorneys, hedge funds, REITs and appraisal houses will increasingly depend on their system as the go-to "Quick/First Look" valuation system due to its speed, consistency, accuracy and uniformity.

In a nutshell, their invention will revolutionize the office valuation market by adding the "Quick/First Look" valuation piece hitherto missing.

The President of Homequant recently explained this addition to their product suite: "With the launch of the Office Valuation system, we are proving our commitment to the property valuation industry as a whole.  We continue to show the valuation world how to achieve more with less. For instance, unlike the competition, we do not store the subject population; instead, we let our users simulate their subjects considering they know their subjects the best. Anyway, as we add more international markets to our repertoire, I have no doubt that professionals around the world will be depending on our system as the go-to quick and first-look office valuation system."

If you'd like more information about their products and services, or to schedule an interview, please email them at: Homequant@gmail.com.


Homequant Introduces A Revolutionary 30-Sec Home Valuation App

To Download ... In Google Play Search 'Homequant'


PRESS RELEASE
https://www.prlog.org/12552108.html

Homequant Introduces A Revolutionary 60-Sec Office Valuation App

Homequant Introduces a Revolutionary Office Valuation App


To Download ... In Google Play, search 'CRE Office' 

Sunday, November 20, 2016

Need a Movement along the Lines of CA’s Prop 13 to Save American Home Ownership

Need a Movement along the Lines of California’s Proposition 13 to Save American Home Ownership

During the last recession, the real meltdown in the housing market occurred in the Sunbelt. The market then came roaring back, eclipsing the pre-recession price levels. Was this due to the strengthening of the market internals or was this due to the unprecedented improvements in the overall economy? The answer is neither.

The lax credit which contributed to the meltdown took a 180 degree turn during the recession, making it extremely difficult for the normal folks to buy homes – even the highly credit-worthy were given a significant run-around. The reason was very simple: Banks preferred the all-cash buyers, including Wall Street raiders and speculators, foreign nationals and flippers and bundlers.

Tapping into the Fed’s zero interest loans the Wall Street raiders and speculators took full advantage of the rock-bottom prices in the Sunbelt – from San Francisco to LA to Vegas to Dallas to Miami and everywhere in between – creating a whole new REO-to-Rental market which later came to be known as the SFR Rentals. Foreign buyers, sensing the high returns in the rental market as well as the lure of free green cards, took a plunge. Flippers and bundlers were the usual scavengers.

In a normal market, where everyone gets to participate, a normal (fair and equitable) assessment roll is in order. But when the market gets hijacked by certain raiders and speculators, it is inherently immoral to distribute the tax burden equally on all, particularly on the “real” homeowners who had nothing to do with the sky-high speculative prices – eventually the assessment roll would be based off.

Undeniably, this untenable property tax burden pushes the real homeowners, especially the totally defenseless seniors – who live off their limited retirement incomes – off the cliff. Sadly, due to the ever-escalating property taxes, seniors are increasingly being uprooted from their homes and neighborhoods every day, everywhere.

We need a nationwide movement along the lines of California’s Proposition 13 to change this unfair and inequitable assessment practice, forcing the raiders and speculators to contribute their fair share of the taxes by anchoring their sales activities into the roll. We need to re-index assessment rolls at the 2010 price level when the speculative activity came into the forefront, thus sparing and differentiating the real homeowners from the raiders and speculators.

The universe of so-called non-arms length sales must also be retested; for example, sales between family members and intra company transfers must be construed as non-arms length sales for this purpose and remarked to the market as such. Since the vast majority of home sales between 2010 and 2015 were controlled by the raiders and speculators, the underlying sales universe becomes a double-edged knife from the research point of view – from the automated valuation modeling to sales ratios to equalizations, etc.  

While real homeowners would still be responsible for the statutory 1 or 2% annual hike, the new sale prices would substitute the market values on the rolls, leading to a two-tier (real homeownership vs. speculative trading) assessment system and the resulting taxes. Since the new sale prices would be in line with the current market, those assessments and taxes would be commensurately higher than those of real homeowners who did not participate in the speculative trading.

Needless to say, speculative home purchases give rise to unwarranted land speculations forcing vacant lands to be warehoused. Therefore, the land speculators must also be subjected to the same two-tier assessment system as their SFR-speculating counterparts. 

Of course, some reasonable and non-speculative exceptions (e.g., first-time home-buyers) - limited to US Citizens and Permanent Residents - must be built into the system. Minimum holding periods for homestead exceptions and IRS Schedule D short-term gains/losses must also be revisited. 

Just the way the banks preferred the all-cash speculators during the last recession, perhaps they may be forced to align with the first-time home-buyers in disposing of their future (in future downturns) REO inventories, hopefully recreating opportunities for those who have sadly been left out of the current ownership loop.   

Commercial properties will follow the same algorithmic path as well, with one exception: When sale prices exceed income values, those sale prices will stand, disregarding the age-old all-income approach.  It’s an open secret that the values generated by the income approach will not even come close to the vast majority of those sale prices.   

An independent index like Case-Shiller home price index could be used in building the base and establishing the period levels, to avoid having to deal with conflicting ratio and equalization studies. Establishing the commercial valuation charts (and the underlying valuation parameters) must be a private-public endeavor.  

Now, let’s consider the following Case-Shiller (seasonally adjusted) table:
(Click on the image to enlarge)

By implementing the aforesaid two-tier assessment system we will force the speculators in San Francisco to be assessed, on average, at the 226-level while the real non-speculative homeowners would still be assessed at the 139-level (plus the statutory 1 to 2% annual hikes). Granted, this will allow two homes side-by-side on the block to be assessed at vastly different levels (age-old argument), but that’s the system we chose. While most Assessors – as individual homeowners – will agree with me on this front, they will disagree upon wearing the Assessors’ hats – obviously!   THEREFORE, THIS IS FAIR AND EQUITABLE. THIS IS THE NEW NORMAL.

Ideally, we should re-institute the annual reassessment (avoiding unnecessary gyrations like time adjusting sales / incomes), ending the ongoing experiments like the 4 or 5 year assessment cycles with a frozen valuation date in between re-assessments. I was in favor of the 3-year cycle before but after having seen how the Sunbelt markets got easily hijacked by the raiders and speculators, I had to change my outlook about the fairness of our assessment practices and property taxes. Again, if we have to move to one of those cycles, the 3-year cycle is preferable as it prevents total politicization of the system, while staying close to the realities of the marketplace. 

Though this change, in most cases, will require changing the jurisdictional Charter, the referendum will comfortably pass considering that the real homeowners comprise the majority. This will make valuations a mere algorithmic event. In addition to entrusting central ITs with the management of those algorithms, they must also be tasked with the data collection and management (existing inventory = to be technologically updated and new inventory = as originated by the building and zoning).

It’s time that we recognize and differentiate between the real home ownership and trading our neighborhoods. The raiders and speculators must be reminded that their profit-making on the backs of the real homeowners would carry a hefty social premium.

Let the movement begin!  

Case-Shiller Index is a trademark of S&P CoreLogic

PS - If you like the proposal, please post it to your Facebook page. Thank you.

Sunday, October 16, 2016

Launching ChefQuant Solutions – A Restaurant-level Data Analysis and Quantitative Modeling Service

PRESS RELEASE
https://www.prlog.org/12594485

ORLANDO, Fla. - Oct. 15, 2016 - PRLog -- Sid Som, owner and publisher of prominent data analytics and info sites like Homequant, TownAnalyst and LocValu, is pleased to announce the launch of ChefQuant Solutions, a data analytics and modeling service for restaurant owners, managers and executive chefs.

Unlike trade organizations that focus on macro industry trends and generic industry solutions, ChefQuant Solutions will offer customized service and solutions to individual restaurants, effectively mining and modeling their sales and survey data. Sid' new Book 'ChefQuant – A Practical Guide to Data Analysis and Modeling for Restaurant Owners, Managers and Executive Chefs' spearheads the launch.

While the vast majority of independent and non-chain restaurants have access to their customer data, they do not necessarily possess sound know-how to explore and mine their own data reservoir. Sid contends that each restaurant has its own unique micro market, often significantly bucking its (macro) industry trends and nuances. A restaurant's data reservoir is therefore its own internal goldmine with hidden answers and solutions waiting to be harnessed for their success and profitability.

Industry-level data solutions are too broad-based to be plug-and-play for all; consequently, one-size-fits-

all industry solutions often require costly re-engineering to be, at best, somewhat productive for most members. Instead, if they are provided some hand-holding in understanding and modeling their own data, they will perhaps promptly learn to address their own shortcomings and remain on a profitable path.

The reason Sid published the Book ahead of launching the consulting service is to demonstrate as to how his proposed solutions could be of tremendous help for all restaurant owners – successful or not-so-successful. Even those who are contemplating opening new restaurants or adding new locations can benefit immensely from his services.

Since ChefQuant solutions are based on a restaurant's own data, rather than borrowed generic data from the competition or the industry as a whole, they are totally custom tailored, addressing their own unique issues and challenges, hence incredibly result-oriented.

Depending on the individual needs, ChefQuant Solutions will provide solutions ranging from customer survey analysis to demographic analysis for new locations to identifying deficiencies in existing menus to advanced sales and seasonality analysis to sales forecasting to internal performance and service metrics, to name just a few possibilities. Needless to say, ChefQuant uses sound statistical, econometric and operations research techniques in mining and modeling all data.

In a recent conversation Sid mentioned, "The independent restaurant market is one of the most competitive markets out there. One of the reasons many succumb to the competition is that they do not attach much importance to data analysis and modeling, which in most cases hold the key to their success or failure. Granted, restaurant owners, professional managers and chefs are not expected to be trained quantitative technicians, which obviously created a dire need for external professionals to step in and work with the industry to develop custom solutions. I urge all restaurant owners, managers and chefs to read my new Book and decide for themselves what we have to offer. Moreover, our solutions carry 100% satisfaction guarantee, so what do you have to lose? Bring your data to us and we will show you the path to continued success and profitability."


http://chefquant.blogspot.com/

End

Friday, October 14, 2016

ChefQuant - A Practical Guide to Data Analysis and Modeling for Restaurant Owners & Chefs

(Search 'Sid Som' on Amazon)
Reader's Review
I just finished reading the book and I just wanted to let you know that I really enjoyed it.  I love the approach you took with it.  You were able to give all that amazing info and analysis but by telling the story you did it in a way that is easy reading and very compelling.  There’s a lot of valuable info packed in here that anyone who has an interest in restaurants needs to be aware of.  I was hoping for a different ending but I’ll get over it.  Well done Sid and I hope ChefQuant takes off!