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In recent years, the beverage industry has witnessed a surge in innovation, with cannabis-infused drinks emerging as a prominent trend. As cannabis legalization expands across the United States, restaurants and bars are beginning to introduce THC beverages to their menus.
Where to Tap into Hidden Revenue If you want to boost profits, the quickest way isn’t to raise menu prices or cut portions, it’s to go straight to the source of your costs: manufacturers, distributors, and beverage companies. On top of that, I upgraded all my beverage coolers and dispensing equipment at no cost.
And in the business side of beverages, no topic is more trendy right now than “functional beverages.” They’re beverages that serve a “function,” or basically, products that claim to benefit health, wellness or performance (1). Functional drinks are just what it sounds like. They are comfortable deciding not to drink on occasion.
By Julia Nikolaus, Contributor As a restaurateur or manager, you know just how competitive the non-alcoholic beverage market can be. Restaurants need to recognize that non-alcoholic beverages require their own specific marketing strategies if they want an edge over the competition. 1 - Use Unique Brand-Focused Materials.
Here we share some of the major food and beverage trends operators can expect this upcoming season. In the beverage scene , less-sugared, natural products with minimal artificial ingredients are being favored over the sugared juices or carbonated soft drinks. Tractor Beverages is a good example. Plant-forward. Hard Seltzer.
Food and beverage are the tools that we use but it is the environment of open hospitality that defines this industry that has been around since the days of vagabond travelers and traders during Medieval Times. This is what we do, this is our purpose, this is our privilege.
Not quite yet An easy way to bring bold Korean flavors to modern menus From BBQ to beverages, menus are seeing a lot of action Food C-stores are stealing fast-food tactics. She previously served as editor in chief of Winsight Grocery Business View All Articles by This Author Want breaking news at your fingertips? Sign up here.
View All Articles by This Author Want breaking news at your fingertips? Premium Financing In the fast-food world, growth is coming from drinks and desserts The Bottom Line: The highest-growth quick-service chains cannot be found in traditional sectors but among coffee, beverage and dessert brands. Sign up here.
Well, at least operators should be able to rely on alcoholic beverage sales to make up the difference but waitthere is a trend among the 21-35 demographic to live alcohol free and the movement is gaining traction. Whats going on, how do restaurants overcome this problem? Where theres a will there is a way.
But perhaps the brand’s most radical transformation was on the beverage side, where it has added modern sips like boba as well as craft cocktails, including frozen margaritas and mojitos. We do see beverages and on-the-go beverages as a big growth opportunity for both of the brands,” O’Reilly said. Sign up here.
In almost every conversation I have with other industry professionals, someone will say “before COVID… ” or “since COVID… ” As a matter of fact, in many of my articles I make the same comparison. I’ll make this connection for you later in this article. For $14.99
Any establishment that serves food or beverages to guests is eligible. Food and beverage inventory. Legal and other matters referred to in this article are based on 7shifts' interpretation of laws existing at the time and should not be relied on in place of professional legal advice. Who is eligible to receive grants?
In other words, for a very long time membership had little concern for the financial viability of the food and beverage department – this was simply a service for members that was expected to be there, in any shape or form that members wanted, when it was sought. Today’s club food and beverage department must be financially viable.
In this article, youll learn: The most important restaurant KPIs for restaurant profitability, efficiency, and growth How to calculate and benchmark major KPIs using simple formulas Practical tips for tracking KPIs without getting overwhelmed Lets start by breaking down what KPIs are, and why they require your attention.
View All Articles by This Author Want breaking news at your fingertips? Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here. News delivery acquisitions Timothy Inklebarger is an editor with Supermarket News.
In this article, youll learn: Why every operator has to monitor their restaurant profit margins Why it can be so challenging to increase your profit margins How to improve your margin numbers Lets dig into why margins, not just sales, make or break a restaurant business. Your cost of goods sold (ingredients, beverages, packaging, etc.)
She previously served as editor in chief of Winsight Grocery Business View All Articles by This Author Want breaking news at your fingertips? News Heather Lalley is the managing editor of Restaurant Business, Foodservice Director and CSP Daily news. Get today’s need-to-know restaurant industry intelligence.
View All Articles by This Author Want breaking news at your fingertips? Premium Financing In the fast-food world, growth is coming from drinks and desserts The Bottom Line: The highest-growth quick-service chains cannot be found in traditional sectors but among coffee, beverage and dessert brands.
In this article, you will learn: The five most important restaurant costs to track and manage Easy strategies for controlling food costs and labor costs Tactics to save money without hurting your guest experience Lets start with the big picture and learn where your money is actually going.
Eatertainment is defined as “a guest experience that involves food and/or beverage dining before, after, or during other activities.” According to Food Newsfeed, although the games and entertainment attract customers, at these venues, 75 percent to 80 percent of their revenue comes from food and beverage.
In this article, youll learn: How to break down your operating costs into fixed, variable, and semi-variable Smart ways to lower labor and food costs without sacrificing customer service Where hidden expenses are hiding in your tech stackand how to fix it Lets discover where your money is going, and how to take back control.
For instance, this video does a great job of introducing Tractor Beverages at Chipotle — and it has already racked up several millions of views at the time of writing this article. Last but not least, YouTube is a platform of choice to introduce new menu items.
C-store chain Yesway rolled out a Summer Sips promotion , with deals on Rockstar energy drinks and $1 off the chain’s new Buffalo Chicken Burrito with the purchase of a Honcho beverage. She previously served as editor in chief of Winsight Grocery Business View All Articles by This Author Want breaking news at your fingertips?
Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. Legislation. Restaurant Revitalization Fund Replenishment Act Introduced : On June 8, 2021, a bipartisan group of Senators and U.S.
You may also like our article on how automation can make the coffee sector more productive. Historically, coffee is a cheap product compared to tea, beer, and other alcoholic beverages, so it’s a necessary price increase; coffee is undervalued as a commodity.” Want to read more articles like this? Enjoyed this?
You may also like our article on how digital marketing has evolved in the coffee industry. Photo credits: Specialty Coffee Association Perfect Daily Grind Want to read more articles like this? To achieve long-term success, coffee businesses must effectively leverage both their digital and physical presence. Sign up for our newsletter
Photography by Chef Curtiss Hemm – Carriage House Cooking School PLAN BETTER – TRAIN HARDER Harvest America Ventures, LLC Restaurant Consulting www.harvestamericacues.com BLOG (Over 800 articles about the business and people of food) CAFÉ Talks Podcast [link] More than 70 interviews with the most influential people in food
Even a small drop in food and beverage supplies pricing can improve your total food cost percentage over time and help you control costs at the source. This guide will help you tackle both of these issues, so you can understand the power of small, data-driven adjustments, along with straightforward steps on how to achieve them.
Many, saw restaurants and taverns to be American while exposing others to their food, beverage, and style of hospitality. Prohibition and the Speakeasy: Prohibition from 1920-1933 made it illegal to produce, distribute, serve, or consume alcoholic beverages except as a sacrament in the church and for medicinal purposes prescribed by doctors.
View All Articles by This Author Want breaking news at your fingertips? Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here. Get today’s need-to-know restaurant industry intelligence.
This is a summary of our earlier article, “Responding to COVID-19’s Impact on the Restaurant Supply Chain.” You can read our original article here (10). Here are the top three actionable steps we think will help operators overcome the supply chain crisis. Multiple Sourcing and Backup.
The experience is available with a spirit-free beverage pairing, and the restaurant’s website notes that the chef is “over five years sober.” View All Articles by This Author Want breaking news at your fingertips? Get today’s need-to-know restaurant industry intelligence.
Revenue Metrics Sales Revenue Sales Revenue measures the total income generated from food and beverage sales. Cost-Related Metrics Cost of Goods Sold (COGS) Cost of Goods Sold, or COGS, measures the direct costs of producing the food and beverages sold by your restaurant, and directly impacts your gross profit.
The conversation evolved around local news and gossip, and alcoholic beverages were reserved for bars scattered throughout the community. Salt and pepper shakers, sugar shakers, and paper placemats completed the tabletop with an occasional single stem flower for a touch of color and bargain basement elegance.
Just like in Escoffier’s kitchen there will be upward reporting through lead cooks, sous chefs, executive sous chefs, pastry chefs, executive chef, and food and beverage directors. This is very apparent in clubs, resorts, and hotels. Anything and everything is possible if you have a plan and are committed to staying the course.
Make sure the tables are level, windows in that station clean, tablecloths even, silverware and glassware spotless, menus clean and pristine, back-up supplies in perfect order, your uniform impeccable, and know the menu and features inside and out including correct pronunciations and beverages that pair perfectly with food.
If you’re reading this article, it’s because you have suffered from the ill effects of stress on the job. Oh, and by the way, do the same thing for your staff. [] DRINK LOTS OF WATER AND SHY AWAY FROM CAFFEINE I always had a cup of coffee close at hand, it was my beverage of choice. Bad decision! 6-8 glasses a day!
You may also like our article on how automation can better support baristas. They expect baristas to have comprehensive knowledge about everything from processing methods to water chemistry , while still delivering exceptional beverages and memorable service experiences. Want to read more articles like this? Enjoyed this?
View All Articles by This Author Want breaking news at your fingertips? Continue to Site >>> Menu Forget coffee. News Emerging Brands Fast_Casual Lisa Jennings is a veteran restaurant industry reporter and editor who covers the fast-casual sector, independent restaurants and emerging chain concepts.
She previously served as editor in chief of Winsight Grocery Business View All Articles by This Author Want breaking news at your fingertips? News Heather Lalley is the managing editor of Restaurant Business, Foodservice Director and CSP Daily news. Get today’s need-to-know restaurant industry intelligence.
Why is it then that so many places make lousy coffee, and a few produce a beverage that is comforting, exciting, and memorable? Heat the water to a certain temperature, grind the beans, and pour the water over the beans – easy.
From sparkling teas and lemonades to cold brew coffee, customers are increasingly thirsty for a more refreshing beverage than the traditional coffee shop offerings. The shift away from alcoholic and sugar-loaded drinks gives other beverages such as cold brew coffee, kombucha, sparkling teas, and housemade lemonades room to grow. .
Restaurants can also track food and beverage stocks through software and online aggregate buying services such as Foodbuy. Mark Roberts and David Ritter contributed to this article. If the menu is correctly aligned with demand, it can drive the supplies needed.
As warmer weather sets in, coffee drinkers tend to opt for colder beverages, whereas the number of hot coffee beverages usually increases during the colder months. For many coffee shop owners, including seasonal food and beverages is essential to boost sales and maintain customer interest. Read on to find out what they told me.
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