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Average Restaurant Profit Margins: What They Are And How to Improve Yours

ChowNow

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.)

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2024 Emergency Planning for Restaurants

Modern Restaurant Management

Let us pass on the knowledge and expertise that we have gained in our 100+ years in the insurance business, so you can take a few things off your plate – and gain peace of mind. This article is not a template. Society Insurance bears no responsibility for the accuracy or content of linked or cited material.

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How To Cut Restaurant Operating Costs Without Compromising Quality

ChowNow

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.

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Save Big: Top Restaurant Tax Deductions & Credits

Harbor Touch

Equipment and Furniture: Deduct That Big Spend New ovens or tables can cost a chunk, often $5,000 or more. Accounting Tip: Log equipment purchases in your accounting software under equipment. Staff pay: salaries, insurance, bonuses. Equipment: tables, chairs, POS systems. Insurance: property, liability.

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Five Steps for Commercial Fryer Safety

Modern Restaurant Management

Ahead of the holiday, Society Insurance, which provides coverage to the hospitality industry, has put together a list of best safety practices for restaurants with deep fryers: 1. Regular maintenance and cleaning is an important safety factor for any kitchen equipment and a commercial fryer is no exception to this rule.

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The Not So Great Resignation: Unseen Risks and Mitigation of Costs

Modern Restaurant Management

The problem this article addresses is the trickle-down of the “great resignation.” There are a few reasons: New employees often lack training; ill-equipped and inexperienced workers sustain more injuries trying to use machinery or tools with which they are not familiar.

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Service with a Smile: Mental Health in Catering Employees

Modern Restaurant Management

There’s currently lots of technology and equipment in the catering industry that makes our jobs that little bit easier, with kitchen lifts and tablets to take orders, however it’s still a high-pressure working environment. Happy employees are hardworking employees!

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