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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Numbers can give us insights into everything from profits and losses to average customer spend to how often employees cycle through. Employee turnover rate. Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. Employee Turnover Rate.

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Coffee News Recap, 24 Mar: Winners of first-ever Global Coffee Awards announced at PRF El Salvador, Starbucks welcomes new CEO as workers strike at over 100 US locations & other stories

Perfect Daily Grind

GoodNews, which operates 25 stores across Barcelona, Madrid, and Paris, is now one of around 160 coffee-related B-Corp companies in the world. Following the Oleato beverage line launch in Italy last month, Starbucks will serve the olive oil-infused drinks at select locations in the US, as well as its Reserve stores.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

In 2016, the average net profit margin across the industry was a mere 3%. You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. As an alternative, find ways to get fewer employees to do essential tasks that might otherwise get hired out.

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P.F. Chang’s To Go and Wing Squad Delivers

Modern Restaurant Management

“Following the successful acquisition of the Smith & Wollensky Restaurant Group in 2016, the acquisition of The Strega Group is an attractive opportunity to add highly complementary Boston-based operating businesses to our hospitality portfolio,” said Danu Partners’ Leonard Ryan. New Branding for Fish City Grill.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

In 2016, the average net profit margin across the industry was a mere 3%. You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. As an alternative, find ways to get fewer employees to do essential tasks that might otherwise get hired out.

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Why Brasa Peruvian Kitchen Believes in Higher Wages and Pay Transparency

7 Shifts

Michel Falcon has an extensive career as an entrepreneur and expertise in company culture, customer experience, and employee performance. What do you reserve your budgets for - to invest in growth in people? Our employee turnover last year was only 17% - one seven - in an industry that has 100 to 200% year-over-year turnover.

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Tyga Bites and Sushi with an Attitude

Modern Restaurant Management

While TouchBistro has previously partnered with providers of loyalty solutions, this acquisition will provide the company with a proprietary solution that is much more deeply integrated into the TouchBistro platform and its ecosystem of products like Online Ordering and Reservations. Delightree app can also streamline employee onboarding.