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This article will explain how renovating a restaurant using 3D design technology saves time and money and delivers a better final result How 3D Modeling Simplifies Restaurant Renovation Planning Traditional methods do little to help one have an efficient and effective restaurant remodeling.
Read any article enumerating the current or emerging trends in restaurants and retail and you will see ideas of health and wellness, environmental sustainability, and brand authenticity coming to the fore. Waste management programs like recycling, composting, and any food-waste reduction measuring done can also help in this category.
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. Reduce food waste by tightening portion control and tracking spoilage.
In this article: How to calculate your restaurant customer acquisition cost (CAC) How to optimize your restaurant’s CAC and reduce costs What is a good cost per customer acquisition? For fast-food restaurants, the average paid CAC is $27, while the average organic CAC is around $9.
With the COVID impacts behind us, people are back in restaurants but as the CNN article stated, it is different. When we asked about fast food: 29 percent said they eat fast food frequently. 46 percent said they occasionally dine at a fast-food restaurant. Only five percent said they never eat fast food.
Meanwhile, sales at cafes, fast-food restaurants, coffee shops, and casual-dining establishments fell by 27 percent. This has resulted in under-ordering (and dissatisfied customers) or over-ordering (and increased waste). This is a summary of our earlier article, “Responding to COVID-19’s Impact on the Restaurant Supply Chain.”
Without a well-defined target market, restaurants risk wasting resources on strategies that dont connect and menu offerings that dont selltrying to appeal to everyone, but standing out to no one. In this article, you will learn: How to define your restaurants target market to guide your business decisions.
By the time you finish this article, youll know how to approach restaurant marketing the right way and not waste time doing guesswork, crossing your fingers, and then hoping you see new customers walking through the door. The industry is evolving fast, and simply relying on word-of-mouth or foot traffic isnt going to cut it.
Participants in MyChange with SaverLife receive access to the national SaverLife platform and the opportunity to participate in national savings challenges, access financial education articles, engage in forums and accumulate redeemable points for a chance to win prizes.
The best performing segments during November were those whose sales are the most negatively affected by Thanksgiving: fastcasual, upscale casual and casual dining. Expect for casual dining, upscale casual and fine dining to have abysmal sales and traffic growth numbers. First, at 2.1
In this article, we'll go into 15 key performance indicators for restaurants, why they're important, how to calculate them, and more. Fast-casual: 28.9%. Casual: 33.2%. Upscale casual: 30.4%. If it's not measured, it won't be managed. But what should be measured, and how? Table of Contents: Cost of Goods Sold.
Switching from a fast-casual concept to fine dining can allow for a nice change of pace. It makes total sense if you're reading this article and thinking to yourself, “how can I manage all of these requirements and still get some sleep at night?”. Developing a New Concept. Delegating Responsibilities. One word: delegation.
By helping kitchens prep exactly what they need, the Production Optimization Board reduces waste, speeds up service, and ensures fresher food. Value: By improving kitchen operations, the Production Optimization Board boosts speed of service while cutting down on food waste. Article sources: (1) Hospitality Tech. The result?
Usually, in casual restaurants like this (where there is typically just one course), the finger bowl appears on the table right after an order is placed. But in just a few months, this everyday dining object, still used across South Asia in establishments both fancy and casual, had taken on an illicit feeling thanks to the pandemic.
In this article, we take an in-depth look at why this food cost number matters for your restaurant, how to calculate it, and the best way to optimize for success. For most full-service casual and fastcasual restaurants , 28-32% (0.28-0.32) The solution is simple: Calculate your restaurant’s food cost percentage.
It could be theft or a portion control issue, or it might simply be a problem of perishability and waste. In fast-casual and full-service environments, scrutinizing plates as they come across the pass, or having a manager check prep and line cooks’ waste can help identify portioning and prep issues.
Enhanced Restaurant Efficiency and Profitability Via Strategic Kitchen Reconfigurations: Ignite Your Restaurant’s Future In the fast-paced restaurant industry, staying ahead of the competition requires constant innovation and adaptation. Success Stories Consider the case of a major fast-casual chain we recently assisted.
In this article, we will explain the ideal profit margins for each restaurant category. It can be a casual dinner or a 5-star, white-tablecloth affair. Fast Food and FastCasual Restaurants. This business segment is similar to fast restaurants in that they keep labor and overhead to a minimum. Food Trucks.
In this article, we explore the fascinating insights derived from this episode of Restrocast by Ashish Tulsian featuring Karl Goodhew, offering a glimpse into the captivating transformation of a retail tech leader into a visionary figure in the world of fast-casual dining. From leading software engineering at Macy’s Inc.,
In this article, we delve into practical strategies that retail precincts and F&B operators can employ, considering the specific needs of different customer segments, to maximize visitation frequency and spending in a time of escalating cost of living. Ali & the Queen, Queen Victoria Market, Melbourne.,
In this article, we delve into practical strategies that shopping centres and F&B operators can employ, considering the specific needs of different customer segments, to maximize visitation frequency and spending in a time of escalating cost of living. Ali & the Queen, Queen Victoria Market, Melbourne.,
It could be theft or a portion control issue, or it might simply be a problem of perishability and waste. In fast-casual and full-service environments, scrutinizing plates as they come across the pass, or having a manager check prep and line cooks’ waste can help identify portioning and prep issues.
In this article, we reveal the average restaurant owner’s salary and discuss ways to exceed the national average for a healthy paycheck. . Fast Food / Casual Restaurants: 6 to 9% . For a look at food and drink pricing strategies, see our previous article on “How to Make a Restaurant More Profitable.”
Restaurants, whether a casual restaurant or a full-service restaurant, are businesses like any other, and they’ve put a lot of thought into their portion sizes and prices/cost of food. Help them reduce waste, ensure portion consistency, and up-sell profitable items by training them thoroughly and sharing your pricing strategy. .
In this article, we will take a closer look at how to generate a P&L statement and how the results it provides can improve your business performance and drive you to hit profits that beat industry standards. . electric and waste removal.) . Fast Food / Casual Restaurants: 6 to 9% . Catering: 7 or 8% .
Fast Food And Quick Service . As a result, the average profit of fast food and quick-service restaurants can vary between 6-9%, which is above the industry average. . Casual cafe businesses are seen as a negligible risk due to their increased mass appeal among millennials and the growing remote workforce. Reduce Food Waste .
In this article, we explore the key differences between the front and back of the house in a restaurant and discuss the best ways to integrate FOH and BOH operations. Fast and friendly service. Pot washers : are responsible for cleaning pots, pans, dishes, and cutlery, keeping the kitchen clean, and disposing of waste.
This article explains what a POS system is and why you need it, regardless of your type of restaurant. By tracking when stock arrives, you can also reduce food waste and better follow first-in, first-out (FIMO) procedures. Auto totals for fast and correct billing. For Management: Menu importing, integration, and fast editing.
The information provided in this article does not, and is not intended to, constitute legal or financial advice; instead, all content is for general informational purposes only. Information in this article is presented “as-is” and may not constitute the most up-to-date information.
In this article, we’ll help you master restaurant menu pricing by covering: How to price menu items based on ideal food cost percentage How to price menu items based on gross profit margin 7 restaurant pricing tips to maximize menu profits. Don’t forget to account for waste. 18 Free Restaurant Menu Templates. for one bun Mayo: $0.09
This article has put together a comprehensive list of features that will help you select the best restaurant POS for your business. You can stop wasting precious resources and time on menial tasks by automating your inventory management system with a restaurant POS system that can track stock and improve order efficiency.
Franchising is a time-tested business model that allows restaurant owners to scale their business fast and efficiently. Every pitfall mentioned in this article includes a solution (which reminds me, you should also look into best practices for F&B franchising). Rest assured, we also explain how to avoid those treacherous potholes.
When you purchase fish for sushi, oftentimes you need to trim the fish or other ingredients (meaning there’s going to be some waste) before the product makes it onto a plate. With bottled beer, you buy a bottle and mark up the price by a certain amount, which automatically gives you lower COGS percentages because there is less waste.
This article was published in FastCasual. Tight inventory control, facilitated by automated tech tools, can reduce food waste and decrease overall CoGS. Food waste, improper portioning, and theft can increase CoGS, decreasing what is left over for a restaurant’s bottom line.
In this article, we hope you get inspired by these two vastly different restaurants and their success stories. 1: Chipotle With more than 3,000 restaurants, this fast-casual chain is nearly a household name. They also need less ingredients, so they have less waste. What makes a restaurant successful?
This article was published in FastCasual. However, between understaffing issues or resources wasted on frequent training, a high turnover rate is costly. Editor’s note: This is part 2 in a two-part series on restaurant tech. The value of employee retention.
In this article, you will learn: Why a loyalty program is essential for your restaurants success. People like to be recognized, and a simple reward for their continued support can turn any casual diner into a consistent regular. Jimmy Johns Sandwiches uses a visits-based loyalty program called Freaky Fast Rewards.
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