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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

It just goes to show how important drink pricing and cost management are to maximizing profits. 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.

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

Modern Restaurant Management

As it happens online, some defended the hapless manager and others disagreed. 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. Liability and Friendly Fraud. What’s in a Chargeback?

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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. Manage expectations by creating a timeline for updates. Which are the most profitable?

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Takeaway.com 101: the essential guide for restaurants

Deliverect

When you receive an order via the Takeaway.com website or app, you’ll receive it either on your ‘Takeaway Box’, the delivery company’s own POS receipt printer, or directly in your own POS system. Sales of merchandise and packaging. Once your restaurant is listed on Takeaway.com, you can start receiving orders.

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Restaurant Loyalty Program Ideas: How to Start

7 Shifts

Leveraging F&B technologies solutions can entice online customers and attract traffic to your website and social media pages. Instead, customers can get information about promos, discounts and even make a purchase through the loyalty program app or website. There’s no need to punch a physical card or process the receipt.

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Creating a restaurant website: Why it matters and how to nail it

Open for Business

Diners are doing more research than ever and a restaurant website is a critical touchpoint of the guest experience. There’s a common misconception that building a restaurant website will incur significant expense or require advanced technical skills. Why is a restaurant website important?

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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%. And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. At the end of the shift, the manager would then inspect the contents of the food box. Trends can change.