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Competition’s Coming: Key Technology Changes Can Help You Win

Modern Restaurant Management

Lavu, the restaurant technology services company, estimates 42 percent of food purchases are made online. What’s more, consumers tend to spend extra on their food when ordering by themselves, either through kiosks or branded apps. When the pandemic hit, many restaurants focused on expenses. Inventory stock changed significantly.

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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

Comparing 7shifts’ internal data of 10,000+ restaurants, restaurants are seeing an average weekly decrease in sales of 50% across the board in North America. Evaluate your restaurant scheduling practices to see if you are consistently over-budgeting on labor needs based on your sales.

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5 Effective Ways to Increase Profit Margins at Your Restaurant

Cheetah

In our last article we explored adding auto-gratuity to the bill and sharing tips with BOH staff. Knowing what food is going to cost in the near future enables restaurants to plan accordingly. Cheetah’s bi-weekly Market Watch report, offered to all our clients, summarizes food cost trends and competitive intelligence.

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6 Effective Ways to Increase Profit Margins at Your Restaurant

Cheetah

In our last article we explored adding auto-gratuity to the bill and sharing tips with BOH staff. Knowing what food is going to cost in the near future enables restaurants to plan accordingly. Cheetah’s bi-weekly Market Watch report, offered to all our clients, summarizes food cost trends and competitive intelligence.

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Effective Restaurant Accounting Tips

Lavu

In this article, we are going to look at some of the most effective restaurant accounting tips: Understand Restaurant Accounting Terminology. Someone who understands specific restaurant accounting features like a chart of accounts, COGS, prime costs, daily sales, and more. . Hire a Professional Specializing in Restaurant Accounting.

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Choosing the Right Restaurant Financing and Restaurant Loans

Lavu

This article will delve into this in more details by focusing on: Definition of restaurant financing. This article will delve into this in more details by focusing on: Definition of restaurant financing. Before the challenge of making a profit, you also have to identify sources of financing. Types of restaurant financing.

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85+ Restaurant Industry Statistics That Every F&B Operator & Manager Needs to Know in 2023

Apicbase

This 85+ item list of food service statistics results from meticulous combing through dozens of industry reports. OUR TOP 10 In 2022, 31% of restaurants cut the number of menu items on offer to deal with the inflation and rising food costs. The F&B industry grew in 2022… and it will keep growing in 2023.

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