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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

In this article: How to calculate your profit margin for your bar What is the average profit margin for bars? For example, if you serve craft cocktails or premium wine, customers may be willing to pay more because of the perceived value. These promotions can drive more foot traffic and encourage customers to stay longer.

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How to Handle Temporary Restaurant Closure during COVID-19

7 Shifts

Read through our article on how to pivot your restaurant to takeout & delivery to see if leveraging these revenue channels is an option for your business. Consider things like merchandise sales, inventory sales, or private cooking lessons. What measures can you take to make customers feel more comfortable ordering from you?

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Are specialty coffee shops becoming more common in airports?

Perfect Daily Grind

So, how can this change the consumer experience in airports? You may also like our article on whether airlines are starting to offer better coffee. “We How is the customer experience affected? As most airports are busy places, convenience plays an important role in the consumer experience. What about menu items?

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How to Prepare Your Café For The Festive Season

Perfect Daily Grind

By making the most of the increased foot traffic and sales you’ll experience, you could start your 2020 off on a better financial footing, while enhancing your customers’ holidays at the same time. Offering customers limited edition, themed treats is a great way to get them into the festive spirit. Credit: Ana Valencia .

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Restaurant Loyalty Program Ideas: How to Start

7 Shifts

Leveraging F&B technologies solutions can entice online customers and attract traffic to your website and social media pages. If you aim to increase customer retention, one of the most important investments is loyalty programs. Here, the card is stamped or punched each time a customer makes a qualifying purchase.

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Strategies for a Successful Pop-Up Restaurant During Renovations

The Rail

They offer a way to maintain customer engagement, generate revenue, and experiment with new concepts without a permanent commitment. This article explores various strategies to ensure your restaurant thrives during renovations. A smaller menu can improve quality control and offer a more cohesive dining experience.

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Using software and data to improve performance in coffee shops

Perfect Daily Grind

By drawing on an ever-increasing number of data points, baristas and coffee shop owners can understand more about the coffee they are using, which can help to enhance the customer experience. You may also like our article on how technology has changed in the coffee industry over the last few years. Enjoyed this?

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