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How To Calculate Inventory Turnover Ratio At Your Restaurant

The Restaurant Times

When you open a new restaurant business or are already in one, you are supposed to keep track of everything happening in your restaurant, whether the number of waiters or the amount of inventory available. It’s critical to remain on top of your inventory and control your costs to ensure your restaurant is profitable and growing.

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Using software and data to improve performance in coffee shops

Perfect Daily Grind

Technology has never been so prominent in the coffee industry. You may also like our article on how technology has changed in the coffee industry over the last few years. Now more than ever, coffee professionals rely on data and technology to assist them in their day-to-day roles. Read on to find out what they told me.

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4 Proven Strategies Operators in Saudi Arabia Must Know To Grow Their Restaurant Profit Margin

The Restaurant Times

This article explains how restaurants in Saudi Arabia can calculate the net restaurant profit margin and improve it over a period of time. . Gross Revenue is the sales revenue generated by selling food, beverages, and merchandise plus additional gains, i.e., income from a transaction that doesn’t come from regular business operations.

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Trends and Tactics: How to Navigate the Changing Landscape of the European Restaurant Industry

Apicbase

Technology can be an incredible help for achieving operational excellence and bringing in more revenue, so let’s look at the tech your restaurant needs today and in the years ahead. How does restaurant technology help you improve operational efficiency? AI tools even allow you to automate core tasks like food preparation or production.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

According to a recent Forbes article , sit-down restaurants make a profit of about 6%. Conduct daily inventories. Unfortunately, employees or even suppliers and other guests may help themselves to your inventory in all sorts of ways if the opportunity arises. It's not only your business and your livelihood— it's also your dream.

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Our Guide to Average Gross Profit for Restaurants 

BNG Point of Sale

To calculate your restaurant’s gross profit, you need to subtract the total cost of goods sold (COGS) for a specific period from your total revenue (your total food, beverage, and merchandise sales). Take advantage of technology . And that is just one technological tool at your disposal.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

According to a recent Forbes article , sit-down restaurants make a profit of about 6%. Conduct daily inventories. Unfortunately, employees or even suppliers and other guests may help themselves to your inventory in all sorts of ways if the opportunity arises. It's not only your business and your livelihood— it's also your dream.