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There is an appeal there pointing to the frenzy, intensity, preciseness, and organized chaos of chefs and restaurants vying for public attention. I must admit that I am intrigued and having spent some time around that level of intensity find these operations both exciting and nerve wracking.
In almost every conversation I have with other industry professionals, someone will say “before COVID… ” or “since COVID… ” As a matter of fact, in many of my articles I make the same comparison. Controlling food waste is a hot topic in the industry as well. This is a trend I hope will go away.
It blends sales data, food cost, and menu psychology to help you stop guessing and start making decisions that grow your margins. If youre using a modern POS system or inventory management software, you likely already have most of this information easily at your disposal. What Is Menu Engineering and Why Should You Care?
A spike in food costs, a drop in sales volume, or one slow season can wipe out months of hard work. A spike in food costs, a drop in sales volume, or one slow season can wipe out months of hard work. For example: Lets say your restaurant made $100,000 in total sales last month. What Are Restaurant Profit Margins?
One key area to focus on is drink sales, with cocktail sales accounting for about 23% of a bar's revenue. In this article: How to calculate your profit margin for your bar What is the average profit margin for bars? Bars that effectively manage their inventory and reduce waste tend to maintain higher margins.
Identify your biggest pain points. Do you lose money due to food waste? An inventory management system with automated restocking alerts keeps your stock levels in check. An inventory management system with automated restocking alerts keeps your stock levels in check. Can it increase sales or customer retention?
Inventory stock changed significantly. Restaurants have responded to capture more off-premises sales by improving digital menus, whether found in-app, through a Google search or on store screens. When the pandemic hit, many restaurants focused on expenses. Menus were trimmed to a fraction of original size.
Without KPIs, spotting inefficiencies in your workflow is nearly impossibleleaving you without the data needed to make informed decisions and grow your online sales. If youre one of the thousands of restaurants that added online food delivery in recent years, you might be wondering: is it actually helping my business grow?
In this article, you will learn: Why you should use your customer data to help your restaurant grow The different kinds of data you have available to you to use The best ways to use customer data to make better decisions Lets explore why customer data is one of your most powerful tools for growing your restaurant. You can increase revenue.
In this article, youll learn: The most important restaurant KPIs for restaurant profitability, efficiency, and growth How to calculate and benchmark major KPIs using simple formulas Practical tips for tracking KPIs without getting overwhelmed Lets start by breaking down what KPIs are, and why they require your attention.
In this article, we'll go into 15 key performance indicators for restaurants, why they're important, how to calculate them, and more. Inventory turnover ratio. Break-even point. Sales per labor hour. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin.
In this article, you will learn: How to identify top-selling and underperforming menu items Ways to adjust pricing using real sales data How timing and frequency trends improve planning and customer experience Lets dig into what your restaurant data might already be trying to tell you. Which dishes are getting ordered the most?
When it comes to managing inventory, restaurants face a choice: POS inventory alerts vs. manual tracking. While manual tracking may seem like a simple solution, it often leads to errors, wasted time, and unnecessary costs. Managing restaurant inventory can be a major challenge, but the right system can make all the difference.
Revenue Metrics Sales Revenue Sales Revenue measures the total income generated from food and beverage sales. Calculate sales revenue by adding up all sales receipts over a specific period. Calculate this metric by dividing Total Sales Revenue by Number of Customers.
This article breaks down how to manage ingredient costs, reduce waste, and optimize menu pricing using modern tools like POS systems. Here’s what you’ll learn: Common Problems : Fluctuating prices, waste, and poor inventory tracking hurt profitability.
There'll be new branding, a new staff, different inventory, and updated forecasting involved. Whether you’re managing multiple restaurants right now or are thinking about expanding your current business , this guide has everything you need to run more than one restaurant at once with success. Table of Contents. New Concept or Replicate?
Another way to get local backlinks is from local news articles, food bloggers, or restaurant directories to boost your visibility in search results. Nowadays, running a successful restaurant takes more than great food and good service. To do so, you must have an optimized website and engaging social media profiles.
and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform.
Create a Filing System Many of your documents are likely online (or stored on your computer) at this point, but for those that aren’ t(or can’ be), set up and stick to a filing system. That crumb-covered plate from your lunch that you haven’t had a chance to get rid of yet.
Getting a point-of-sale system is one of the first pieces of equipment a restaurant owner debate spending money on when they are investing in a new establishment. Point-of-sale systems have the reputation of being an expensive piece of technology that rings up items and lets you process payments. How is this possible?
This allows for restaurateurs to go through food surplus quicker, reducing waste, and for customers to have leftovers if they can’t get around to meal prepping. Not to mention, average order values are much higher for family-style meals, which means more sales. Let’s run through a little scenario. A win, win, win!
An alternative is to buy an existing bar that is up for sale. Opening and owning a bar is one of those unique life experiences; you have no idea what it will be like until you actually go for it. And while it can be enjoyable, rewarding, and, yes—even profitable, it also requires long hours and hard work. How Do I Run a Profitable Bar?
As of this article’s publication, more than 20 U.S. However, in the wake of COVID-19, restaurants are leaning into alternative ways to move inventory, keep staff working, and delight their guests by focusing on delivery and takeout. Don’t worry–we’re here to help.
TouchBistro - a point of sale (POS) app for iPads - allows servers to take payments tableside, managers to monitor sales activities, and accountants and administrators quick access to valuable performance trends. Top Restaurant Management Apps. Try 7shifts for Free. Apple | Android. TouchBistro. Team Communication. QuickBooks.
How the Best Point of Sale (POS) Systems for Restaurants Boost Sales and Profit. Quality restaurant and bar point of sale (POS) systems help boost restaurant business efficiency for any restaurant business type. This article explains what a POS system is and why you need it, regardless of your type of restaurant.
This article was published in Authority Magazine. It has been estimated that each year, more than 100 billion pounds of food is wasted in the United States. The waste of food is not only a waste of money and bad for the environment, but it is also making vulnerable populations even more vulnerable.
In this article, we explore five ways to keep the back-of-house expenses of your restaurants structurally low , so that you don’t have to implement overly heavy price increases to bolster your bottom line. Overordering is the main cause of food waste and, sadly, it encourages theft by staff (who’s going to notice?).
You’ve probably never considered having your point-of-sale system and merchant services from different companies. This article will explain the benefits of having a point-of-sale system and merchant services and some drawbacks if you choose to pursue this idea. . It sounds like an exciting idea.
This post covers the most salient points of the panel discussion titled: “Experience and Ease in E-Commerce.” One panelist framed the situation well in a quote from Winston Churchill: “Never Let a Good Crisis Go to Waste.” The panelists spoke extensively about how to engage with customers to get online wine sales.
You know that a point-of-sale system (POS) is great for your customers, enabling them to have a bit more control when ordering or paying for their meals. In this article, we look at how paying attention to your productivity levels will enhance the success of your business. 1: Inventory Management. 2: Employee Scheduling.
While it affects our bottom line, let’s not forget the effects of food waste on our environment and our communities in general. While it affects our bottom line, let’s not forget the effects of food waste on our environment and our communities in general. Let’s begin with a key question: what is demand planning?
And one area that is often overlooked is the question of how to reduce food waste in restaurants. Food waste costs restaurants a staggering $162 billion per year , and in America alone, restaurants generate as much as 33 billion pounds of food waste per year. Different Types of Restaurant Food Waste.
Every report on food waste is a jaw-dropper. Food waste is a monumental problem with massive consequences. An estimated 32% of all food produced worldwide is lost or wasted from farm to fork (some reports even say between 40-50%). Food loss and waste represent about $940 billion in annual economic losses. on food costs.
Thanks to having a sales team made up exclusively of former operators, chefs and general managers, with 350+ years’ of collective experience, we’ve picked their brains and come up with a list of six ways restaurants can make a big impact in 2022 based on their experiences and tried-and-true tricks. Track waste. Track key item costs.
Restaurant inventory is readily prone to contamination, theft, and pilferage which adds to the overall costs. Therefore, it is essential to keep a keen eye on the inventory to ensure that there is no wastage or unnecessary expenses. Mentioned below are some vital inventory s that must be looked for. . Perpetual Inventory Form.
With the help of the strategies and tips mentioned in this article, a stable dark kitchen business can quickly reach operating break-even and generate profits. . A restaurant makes a profit only when the sales exceed the expenses. . The formula for calculating profit is: Sales – (Labor + Food costs + Overhead).
Yet that is how much of a chef or restaurateur’s time is spent: manually entering invoices, taking inventory counts with paper and a clipboard or reviewing sales results from a point-of-sale system and trying to reconcile them with the purchasing and food cost data kept separately on spreadsheets.
Verify Food Usage Against Your Sales and Ordering. Even the most experienced chefs can find that they’re using significantly more of an ingredient than their sales would suggest, and that can point to an operational difficulty of some kind. Creating recipes and setting your initial menu pricing is Restaurant 101.
If you’re already taking weekly inventories, this hack probably won’t be super helpful. With this restaurant inventory management hack, you can sustainably manage waste, maximize profitability, and wrangle wiley food costs. If you have an RMS, pars can be set automatically for you based on historical sales data from your POS.
A lot of businesses tend to overlook one of the easiest ways to see which items are most profitable, just by looking at your sales reports. The sales reports generated by your POS system can be just as valuable as inventory tracking, and drive more sales. Basic POS sale reports. Online and/or mobile sales.
Cost tracking also allows you to adjust to changes in restaurant sales and adjust prices of products on the go. Taking inventory frequently and minimizing the reduction in your inventory is the easiest way to reduce expenses. You can use inventory software to take inventory more efficiently.
In this article, we examine the specific goals of restaurant operations management and discuss a number of ways to help you improve the program in your own business. Restaurant operations management is essential for the long-term health of your business. Table of contents What is restaurant operations management?
This article covers the following important points: What is Restaurant EBITDA? The ideal EBITDA for businesses in the restaurant industry is between 13 and 30% of the sales. Operating profit is calculated directly by subtracting costs of goods sold (COGS) and expenses from the total restaurant sales. Operating Profit.
Having one is crucial because restaurant profit margins are typically low, which means keeping a tight track of sales and expenses is integral to maintaining a healthy profit. . Sales Breakdown: Here you list all items you sell and how much money each item has brought for a given time period.
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