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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

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? Next, divide that cost by the total sales revenue from your drinks. This final number is your net profit.

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Is Your Ice Cream Too Cold? Lessons in Fighting Friendly Fraud

Modern Restaurant Management

In mid-December, a story went viral on Twitter across the pond about a customer being refunded by a food delivery service after complaining that the “four milkshakes, a cheesecake and an ice cream” they had ordered from a Manchester restaurant were “too cold”, as reported by Manchester Evening News.

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Facebook Scammers Stole Hundreds of Thousands of Dollars Posing as Luxury Restaurant Suppliers

EATER

The online seller claimed to be Regalis Foods, a well-known purveyor of seafood and other high-end culinary goods based in New York. The online seller claimed to be Regalis Foods, a well-known purveyor of seafood and other high-end culinary goods based in New York. While some of these orders are small, the average claim is around $200.

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

BNG Point of Sale

Point of System Cost / Our 2020 Guide to the Benefits of Today’s Merchant Software. As a business owner, the cost of a point of sale system you’re currently paying may be limited based on what seems affordable. Having a POS software system in place is a key way of creating immediate and more frequent sales.

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Takeaway.com 101: the essential guide for restaurants

Deliverect

Founded in the Netherlands in the year 2000, Takeaway.com specializes in online food ordering and home delivery. In 2020, the company merged with Just Eat to form one of the leading global online food delivery companies, Just Eat Takeaway.com. Once your restaurant is listed on Takeaway.com, you can start receiving orders.

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How to Handle Temporary Restaurant Closure during COVID-19

7 Shifts

Do you have accounts on online ordering sites like GrubHub and Uber Eats? 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. Consider things like merchandise sales, inventory sales, or private cooking lessons.

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Entering China’s Emerging Coffee Market

Perfect Daily Grind

At this point, the specialty coffee scene was still a long way from becoming established. She mentions that the country’s biggest e-commerce shop, Taobao , allows many coffee roasters to sell their specialty coffee directly to the public, using distinct online branding and an online storefront.

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