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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

A milestone in shaping this admittedly problematic landscape came in 2015, when the EMV liability shift took place, as Pay Junction’s EMV article explains. This trend has been noted across the world and more often than not, these requests are satisfied, and it is the restaurant who’s footing the bill.

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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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How to Handle Temporary Restaurant Closure during COVID-19

7 Shifts

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. In some areas, they are even being legally required to do so.

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

EATER

There was an article on my news stream about warning signs for scam emails and this basically involved everything they listed: the poor grammar, the typos, the too-good-to-be-true, the immediacy. As a company, it’s a shitty feeling when people are getting ripped off because they think they’re buying your merchandise.”. Call me back.

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Takeaway.com 101: the essential guide for restaurants

Deliverect

In the “Integrating your online orders to your POS will help you excel” section of this article, we will give you more info about receiving Takeaway.com orders directly in your own point-of-sale system. Sales of merchandise and packaging. How does Takeaway.com work? How can restaurants sign up?

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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.