This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
One of the most prominent is its engagement in the zero-waste movement. Is zero waste achievable? What strategic steps can you take to bring your kitchen closer to achieving zero-waste? Managing Inventory The first area of focus for any waste elimination strategy is your restaurant’s approach to ingredients.
As we step into 2025, the restaurant, bar, and hospitality industries are experiencing transformative shifts driven by evolving consumer preferences, technological innovation, and economic dynamics. From reimagining workflows to enhancing guest interactions, technology is shaping how restaurants, bars, and hospitality businesses operate.
A bar is a profitable business option if you’re looking to enter the food industry. However, understanding how to calculate and improve your bar's profit margin is key to long-term success. One key area to focus on is drink sales, with cocktail sales accounting for about 23% of a bar's revenue.
Staff productivity plays the largest role in restaurant revenue, which is why it’s so important to invest in your recruiting and hiring strategies, finding like-minded individuals to move your restaurant forward while minimizing time waste. According to Forbes , 50% of employees waste parts of their day on their phones.
“Through expansive experiences that inspire our guests paired with the ambiance of the space and the food on the plate, we’re setting new standards for the industry and creating truly spectacular moments for all who enter our restaurants and bars.”
There will likely be a bar with some food options, room service (sometimes 24 hours per day), a poolside seasonal caf, Sunday brunch, and multiple banquet rooms that at times will have simultaneous events taking place.
Integrating mobile inventory systems with POS platforms simplifies restaurant operations by automating inventory updates, reducing errors, and providing real-time insights. Here’s what you need to know: Benefits : Real-time stock updates, improved accuracy, and smarter inventory planning.
In response to rising food costs, 56 percent of respondents said they planned to increase menu prices, down from 61 percent earlier in the year, and 18 percent said they doubled down on inventory and waste tracking, up two percentage points. Bars regularly receive the highest tips; in Q1 their average tip was 17.36
Choosing the best POS system for bars in 2025 is essential for streamlining operations, enhancing customer experience, and maximizing profits. A modern POS system for bars goes beyond just processing paymentsit helps with inventory management, staff scheduling, and real-time sales tracking. Pricing starts at $9.99/month.
One of the most effective tools for achieving this is mobile inventory management. This system helps restaurant owners and managers track stock in real-time, reduce waste, and maintain optimal inventory levels. By automating inventory processes, restaurants can save time, improve accuracy, and enhance overall efficiency.
Small spaces can obviously help save on price-per-square-foot costs, they naturally reduce energy consumption, encourage precise inventory management, and enable more intentional material choices – all of which dovetail nicely with sustainability goals. Go big in little ways.
When a lunch ticket gets voided because the kitchen missed the allergy note, explain what that mistake costs in food waste, comped revenue, and lost trust. You can use five minutes before service to talk about what happened yesterday, why your labor ran hot, or how the bar team crushed upsells. Connect it to the bigger picture.
68% of diners plan to celebrate at restaurants or bars this holiday season, so having enough people in place is essential. A great restaurant manager will monitor inventory closely to reduce waste and make the most of bulk ordering and negotiating with suppliers. Clear communication is also key.
By closely monitoring and optimizing this percentage, restaurants can better manage their inventory, minimize waste, and lower their overall expenses, ultimately maximizing cost reduction. Yield Percentage: Calculate the yield percentage to account for any waste or shrinkage during cooking. Food cost control is crucial.
The next youre racing to keep inventory stocked while customers wait for tables. Master Inventory Control Inventory mistakes cost you. Restaurant Business Online reports top managers cut waste by 15% with tight trackingon a $50,000 food budget, thats $7,500 saved annually. Running a restaurant is a demanding job.
A smaller but significant portion of those surveyed hope AI will strengthen their digital marketing efforts (26 percent), optimize food prep and waste management (25 percent), enhance crew experiences (21 percent), and help them develop new products and concepts (20 percent).
Integrations : Connect with loyalty programs, delivery platforms, and inventory systems for seamless personalization. Improves Operations : Smarter inventory and menu management. Rely on inventory management tools to avoid running out of popular items. This helps reduce waste and boost profits.
Optimizing the Bar Program with Digital Tools Beverages, especially alcoholic ones, offer some of the highest profit margins in the restaurant industry. To enhance profitability: Implement an inventory management software to track liquor usage and reduce waste. Yet many restaurants fail to maximize this potential.
Here’s how it can transform your business: Boosts Efficiency: Automates orders, payments, and inventory tracking to reduce errors and save time. Reduces Food Waste: Tracks inventory in real-time, minimizing overstocking and shortages, saving up to 10% of annual revenue. Real-time inventory tracking is another key feature.
In a fast-paced restaurant environment, even small losses can add up quickly—whether it’s from employee theft, inventory errors, or unauthorized discounts. Modern POS systems offer powerful tools to track transactions, monitor staff activity, and tighten inventory control—all in real time. That’s where technology steps in.
It also provides you with the facility to control your entire inventory from one hub may be the head office or the department head. A typical POS system is broken down into several different components, such as those relating to the keyboards, bar code scanners, small printers, touch-screen monitors and cash drawers.
From managing orders and tracking inventory to analyzing sales data in real time, today’s POS systems are essential tools for restaurants of all sizes. When asking what is a POS system for a restaurant for, most people don’t think about inventory. Inventory tracking is essential for owners and managers.
Specialize in accounting for restaurants and bars to accurately interpret the results from the profitability calculator. In hotel bookkeeping and accounting for restaurants and bars, specific metrics are used to gauge profitability. Implement effective inventory management. Ensure staff training for cost-efficient operations.
Specialize in accounting for restaurants and bars to accurately interpret the results from the profitability calculator. In hotel bookkeeping and accounting for restaurants and bars, specific metrics are used to gauge profitability. Implement effective inventory management. Ensure staff training for cost-efficient operations.
From streamlining orders to managing inventory and staff, these systems provide the tools restaurant owners need to stay competitive in 2025 and beyond. Data Insights: Real-time data helps optimize staffing, menu adjustments, and inventory. Cost-Effective: Affordable monthly plans replace hefty upfront hardware costs.
Sample Bookkeeping for Restaurants and Bars: In the hospitality industry without precise record-keeping, even the most successful establishments can find themselves adrift, struggling with cash flow, compliance, and ultimately, profitability. Bookkeeping is the often-unsung hero, forming the bedrock of smart financial management.
Casual restaurants, bars, and breweries may look to systems that split-checks and handle parties of various sizes, sell merchandise, and aid with employee management and scheduling. Shrinkage – liquor lost due to spill or waste – can account for about 25% of alcohol sales.
Integration with online ordering, loyalty programs, and inventory tracking. Add features like online ordering, inventory tracking, and loyalty programs. Whether you run a quick-service spot, a full-service restaurant, a bar, or a food truck, each has unique needs for handling orders and managing workflows. Transaction fees: 2.2%4.5%
The craft beer industry is evolving fast, and breweries are under pressure to serve more customers, manage inventory in real time, and keep operations lean. A POS for a brewery needs to be able to handle services not normally offered by standard bar/restaurant POS systems. Categorize bar tabs by credit card or by a customer’s name.
As a step further, offering a flexible menu catered to solo diners – with smaller portions to reduce food waste and allow the diner to taste more dishes – provides waiters with an additional opportunity to make personalized recommendations specific to these menu offerings.
This activity-based scheduling technique works well for fast-casual or assembly-line-style restaurants but can be used by any dining or bar establishment. Optimizing Your Restaurant and Bar Staff Operations As a manager, your responsibilities are vast, and they extend to all areas of restaurant or bar operations.
With restaurant bookkeeping being such a specialized area, it’s crucial to have professionals who understand the nuances of accounting for restaurants and bars. Accounting for restaurants and bars requires expertise in handling diverse income sources and expenses.
Additionally, in a fine dining establishment, inventory management is essential for getting an accurate picture of your COGS and making adjustments to menu pricing and ordering accordingly. They also benefit from the majority of their inventory not being perishable. This maximizes revenue for the business.
A bar or brewery is considered to be the highest profit margin restaurant business with a gross profit margin on alcohol that's around 80%. But many owners don't account for the high fixed costs of bars —like repairs, insurance, and alcohol theft which can leave them with less profit than expected.
By barring the doors, costs have been saved across the board – from labor to operations. With tools for inventory, mobile ordering, and real-time analytics, your restaurant stays efficient, smart, and profitable. A smart POS system like Lavu’s improves order accuracy, reduces waste, manages labor costs, and upsells efficiently.
Restaurant accountants, for instance, must navigate the challenges of fluctuating inventory, high-volume cash transactions, and regular tipping practices, which are unique to the restaurant industry. These hospitality accounting services offer hospitality finance solutions, vital for accounting for restaurants and bars.
BRITA will provide filtered water dispensers and refillable bottles at key LTA events, including Nottingham, Birmingham, Queen’s Club, and Eastbourne, building on its 2024 effort that saw over 200,000 single-use bottles cut, delivering premium hydration and reducing plastic waste.
Understanding the Unique Needs of Bookkeeping for Restaurants and Bars In the bustling world of restaurants and bars, specialized bookkeeping plays a pivotal role in ensuring business success. Understanding the unique needs of bookkeeping for restaurants and bars is crucial. Choosing the right service is crucial.
” The report found that: Chili’s Grill & Bar is winning over young diners, with 23 percent of those aged 18-29 visiting the Brinker International-owned brand in the past 90 days. In a world where marketing is expected to deliver both brand equity and measurable growth, that clarity is mission-critical.”
Operations and Inventory Data Want to stop throwing cash in the trash? Thats inventory management analytics and food cost analysis at work. It pulls together info from your POS, delivery apps, inventory logs, and shift schedules. Cut Food Waste and Save Money Ever tossed out a tray of chicken because it sat too long?
This includes maintaining the books for restaurants and bars, and providing hospitality accounting solutions. It’s the backbone of accounting for restaurants and bars, providing the data needed for financial statements. Inventory Control: They manage inventory across all units, helping to reduce waste and increase profitability.
In today’s competitive hospitality landscape, finding smart ways to increase bar sales is more important than ever. The business environment of a bar is dependent on speed. Speed is key at a bar. To improve your sales, your bar staff needs to know how to upsell your top shelf. But that’s not all. Invest in a juicer.
They’re adept at accounting for restaurants and bars, helping to streamline processes and ensure compliance. The right firm should offer: Tailored hospitality finance solutions for restaurants, bars, and nightclubs. Proficient accounting for restaurants and bars, alongside hotel accounting services.
Inventory Blind Spots Are Costing You Thousands From linens to liquor, hotel inventory can be a black hole. Inventory Blind Spots Are Costing You Thousands From linens to liquor, hotel inventory can be a black hole. Stocking too much means wasted capital; too little means unhappy guests. The result?
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content