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How Restaurants Can Utilize a Small Business Loan to Fuel Growth

The Rail

A small company loan offers the funds required to reach a larger audience, whether via digital advertising , content marketing, social media interaction, or search engine optimization. While excellent content marketing presents your restaurant as an authority, paid advertising efforts on Google and social media create focused traffic.

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MRM Research Roundup: Holiday Spending, Franchise Optimism, and Pickle Energy

Modern Restaurant Management

Those priorities include increased marketing and sales efforts alongside new benefits and programs to attract and retain staff. Despite potential challenges, the industry is both optimistic, as total restaurant sales crested $1 trillion for the first time on record, and ready to pivot to continue growing.

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17 Restaurant Promotion Ideas To Boost Orders And Customer Loyalty

ChowNow

Rewarding customers for ordering direct creates long-term habits that boost your sales. Just make sure your staff is hyped and trained upwhen done right, these promos move fast. Promote the theme weekly on your restaurants social media, highlight it on your menu, and train your team to deliver a fun, on-brand experience.

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How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

Restaurant P&L basics Sales Cost of Goods Sold (COGS) Labor costs Overhead costs Profit and profit margins Using your P&L statement Restaurant P&L basics A restaurant profit and loss statement is a spreadsheet that shows how all your money is coming in (sales) and where it's going out (costs). Prime costs.

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How to Build Restaurant Loyalty Programs That Boost Revenue (And Reward Customers)

SpotOn

Guests get free food and operators gain a database of loyal customers, a tool for increasing sales, and a way to differentiate themselves in a competitive market. Points-based loyalty program With this kind of loyalty program, customers earn points per purchase. What are some different kinds of customer loyalty programs?

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28 Strategies to Cut Costs in the Restaurant Business

Lavu

This calculation involves dividing the cost of food sold by the total food sales and multiplying the result by 100 to get the food cost. Discovering new ways to reduce costs in restaurant management can boost profits. Focusing on making more money is essential to keep your business successful in the long run.

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Dealing with third-party delivery chargebacks  

Rocket Fuel

Work to prevent credit card fraud Fraud protection happens largely at the point of purchase. The food delivery market is booming, with the industry poised to hit a valuation of$90.3 billion globally by 2030 according to industry data. One of the biggest financial complications? Third-party delivery chargebacks.