article thumbnail

Inflation Is Impacting The Restaurant Industry. Here’s How To Fight It.

7 Shifts

We also wanted to see if the inflation concerns many are expressing are showing in restaurants as large flows of government stimulus are distributed. Are restaurant patrons adjusting their tips to help offset these higher prices? For this question, we also used 2019 vs 2021 tip data. per receipt. in 2019 and $99.50

article thumbnail

The 5 Things Food Vendors Don't Want You to Know

Embrace the Suck

They also learned how to make money by filling up empty trucks going back to their market with what is known as the backhaul. What you want to ask for is margin instead of markup and you want it to be auditable. Having worked as a consultant for a large foodservice distributor for 4 years, I learned a lot about their business.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

QSRs Shift Focus from Slow-Paced Dining to Swift, Transactional Experiences Quick Service Restaurants (QSRs) are reimagining their dining spaces to prioritize speed, convenience, and personalization over traditional, slow-paced dining experiences. An issue that may arise from this in 2024 is data privacy.

2024 215
article thumbnail

How to Reduce Food Waste in Restaurants: 16 Practical Tips

Touch Bistro

In this article, we’ll cover everything you need to know to kick restaurant food waste to the curb, including: Different types of restaurant food waste 16 restaurant waste management tips The benefits of reducing food waste in your restaurant. How to Reduce Food Waste in Restaurants: 16 Tips. Conduct a Food Waste Audit.

Waste 59
article thumbnail

Ultimate Restaurant Payroll Guide 2023

7 Shifts

For restaurants, payroll includes hour wages as well as tips, which must be taken into account. Doing payroll," or “running payroll,” encompasses the following: Calculating how much money (including tips) your business owes employees and contractors during a specific pay period. Updating your payroll records in case of an audit.

2023 195
article thumbnail

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

Notch

Below, you'll find a series of actionable tips, tricks, and strategies you can employ today to do exactly that! As an owner-operator, your restaurant likely sits at the center of your life. It's not only your business and your livelihood— it's also your dream. So, why do it? Why run a restaurant at all? Profits equal revenue minus costs.

article thumbnail

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

Notch

Below, you'll find a series of actionable tips, tricks, and strategies you can employ today to do exactly that! As an owner-operator, your restaurant likely sits at the center of your life. It's not only your business and your livelihood— it's also your dream. So, why do it? Why run a restaurant at all? Profits equal revenue minus costs.