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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

This includes: Net Sales: The total revenue derived from your sale of food and beverages. Restaurant expense #1: food cost Your restaurant's food cost comprises 3 elements: the food cost percentage, the cost of ingredients, and the sales or revenue from selling your dishes. Managing a restaurant is not for the faint-hearted.

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2023 Reflections: The Year That Was in Restaurants, Part Three

Modern Restaurant Management

As it relates to technology, there’s no question more and more tap rooms, bars and restaurants are embracing technology. With responsible on-demand pay, employers can give all employees more control over their financial wellness and simultaneously reduce the pressure on payroll professionals caused by increased turnover and new hires.

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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Break-even point. Sales per labor hour. You can now determine what percentage this is off your overall sales to get a picture of your restaurant's financial health. Business is often a game of numbers, and restaurants are no exception. If it's not measured, it won't be managed. Table of Contents: Cost of Goods Sold.

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8 Reasons Why Restaurant Workers Quit (And How to Retain Them)

7 Shifts

While money isn't everything, it's one of the biggest pain points for restaurant workers right now. We don't have to tell you that the restaurant industry has a turnover problem. As of 2019, hospitality had a national average turnover rate of 75% , and that's only grown since the pandemic. They aren't making enough money.

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Questions in the Minds of Restaurant Job Applicants

Ken Burgin

Questions in the Minds of Restaurant Waiters and Bar Staff Applying for a Job Their concerns about pay and work hours can be somewhat different due to the nature of their roles, often including tips and more direct interaction with customers. What is the kitchen’s work culture like? This may become more apparent during a trial shift.

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No-Crisis Planning for Restaurants & Cafes

Ken Burgin

While there’s no point in fretting over all the ‘what ifs’, a simple plan will ease the stress in the worst possible scenario. Crisis and drama seem to be part of daily life in hospitality – something most of us learn to put up with and live through. We often have it for breakfast!

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My Drinks Company Folded. But That Doesn’t Make It a Failure.

EATER

After launching and then closing Proteau just three years after it hit the market, John deBary has come to realize that sales aren’t the only way to measure success Recently I’ve been thinking a lot about failure. From there I went on to bartend at Momofuku Ssam Bar for a few years before pitching myself as the company’s first bar director.