article thumbnail

15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Break-even point. Sales per labor hour. Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. You can now determine what percentage this is off your overall sales to get a picture of your restaurant's financial health.

article thumbnail

Pandemic Hangover Coming for Restaurants and Municipalities

Modern Restaurant Management

Real estate, income and sales taxes are often the first local taxes that come to mind. Philadelphia is a case in point. city to pass a Beverage Tax in 2016, local operators have overcome the challenges of other taxes that have in many cases had greater impact. Impact to Philadelphia Restaurant Scene.

Beverage 132
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Top 3 Essential KPIs for Ice Cream Shops

Lavu

Gourmet and artisanal ice cream prevailed in 2016, globally-inspired ice cream flavors influenced 2017 shop owners, wacky ice cream flavors were trending in 2018, and in 2019, creative ice cream vessels appear to be the new hot trend (like Booyah’s ice cream taco ). Track the Best-Selling Flavors.

article thumbnail

Confused About Cash Discount, Surcharge, And Convenience Fees? Learn The Difference

BNG Point of Sale

In credit card surcharging the fee for paying with a credit card is added to the advertised or “standard” price. 2016), denying cert. Surcharge – A surcharge for credit card processing is the practice of adding a small fee to a purchase to cover the cost of card acceptance. Relevant Statute. California. Code § 1748.1. Becerra , 878 F.3d

2021 52
article thumbnail

5 Proven Loyalty Program Ideas To Boost Restaurant Sales

The Restaurant Times

While there are ample other ways to boost sales, loyalty program is a reliable solution. However, to keep them coming back, you still need to ensure that customers are rewarded based on the number of visits or sale volumes. How To Use Loyalty Programs To Boost Restaurant Sales. Point-based Programs. Adopt Reward Programs.

article thumbnail

5 Proven Loyalty Program Ideas to Boost Restaurant Sales

The Restaurant Times

While there are ample other ways to boost sales, loyalty program is a reliable solution. However, to keep them coming back, you still need to ensure that customers are rewarded based on the number of visits or sale volumes. How To Use Loyalty Programs To Boost Restaurant Sales. Point-based Programs. Adopt Reward Programs.

article thumbnail

3 Ways Restaurants Can be Philanthropic

Lavu

In 2016, 72 billion tons of edible food were thrown out, and that number has increased over the last few years. billion tons of food from getting thrown out in 2016. Every year, millions of dollars are donated to charities to help fund medical research, provide counseling, operate donation sites, and other philanthropic causes.