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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? Start by tracking all the income your bar generates, including sales from drinks, food, and any additional services. Bars that effectively manage their inventory and reduce waste tend to maintain higher margins.

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How to Handle Temporary Restaurant Closure during COVID-19

7 Shifts

However, many states that are forcing restaurants to stop their dine-in services are allowing them to operate as takeout and delivery-only establishments. 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.

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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. Want to read more articles like this?

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Point Of Sale System Cost: Why It Shouldn’t Matter

BNG Point of Sale

Our 2020 merchant systems work with most payment methods, including credit cards, debit cards, making it easy for customers to pay in a way that’s best for them, increasing your chance for a sale. Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system.

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Gift Card Marketing During COVID-19 and How It Can Help Restaurants

Touch Bistro

And when things eventually return to business-as-usual (and they will), gift cards help bring old customers back to your business and encourage new ones to visit you for the very first time. When customers purchase gift cards, restaurants can use that cash immediately. Attract New Customers. Brand Awareness. Boost Sales.

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Guide To Choosing The Best POS System For Your Convenience Store

BNG Point of Sale

Convenience stores have straightforward goals: they want to live up to their name, ensure happy customers, and increase their level of success. For business owners, offering the necessities to customers who are traveling, commuting, or otherwise pressed for time should be a top priority. Optimal Customer Experience.

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How the Best Mobile POS System Can Help Grow Your Retail Business

BNG Point of Sale

A similar tool not only rings up merchandise, it improves sales, service, and the way your business functions. This article examines how Mobile POS improves business operations. Additionally, it logs cash payments and honors gift cards and loyalty deals which aid customer conversion. Improved Customer Service.

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