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The unfortunate answer is price increases in general for both food and drink and narrower margins than already experienced by restauranteurs. Most of these increases in costs will be passed on to the consumer by higher menu prices. Tariffs on agave products from Mexico could see significant prices increases.
02, 2025 Facebook Twitter LinkedIn Wholesale egg prices have fallen 67% since their March peak. The 2,000-unit breakfast chain on Monday announced that it has lifted its 50-cent per-egg surcharge, which it instituted in February to help manage sky-high egg prices. By Joe Guszkowski on Jul. Thanks for understanding!” Sign up here.
At Harrison, we’re seeing four emerging trends shaping the future of restaurant spaces driving at purpose: dynamic bar areas, local element integration, flexible layouts and playful, art-centric designs. Beyond serving as a place to grab drinks, the bar is becoming a hub of social interaction and a key driver of revenue.
Due to many factors including inflation and supply chain challenges, restaurant owners and operators have been faced with tough choice about raising menu prices. As food prices rise, restaurants should try to stay within their target ratio for food cost to gross food revenue in order to maintain target profits.
Finding a well-rounded bar manager can be the determining factor in the success of your business. Through the right interview questions, you can find a manager who doesn’t just fit the job but can boost your bar’s reputation. In this article: How do you handle inventory management to keep the bar always adequately stocked?
Restaurants get hit from all angles so when there is a chance to push the envelope on pricing – many do. Of course, there is a handful of masterful chefs and restaurateurs who can charge crazy prices to sold out audiences. How do we continue to market wines at $20 a glass or cocktails in the same price category?
Pre-packaged meals, made-to-order sandwiches, fresh salads, and even hot food bars are no longer afterthoughts—they're part of a growing meal strategy. Adding pressure, price perceptions remain high. Almost four out of five RMS respondents feel restaurant and grocery prices have increased compared to the previous month.
Opening and owning a bar is one of those unique life experiences; you have no idea what it will be like until you actually go for it. In this guide, we're covering everything you need to know about owning a bar to prepare as well as you can for the big opening day. How Do I Run a Profitable Bar?
“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.”
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.
The raw bar is getting pricier. As a result of their rising popularity, the price of these oceanic creatures has also risen. At Sweet Catch, an oyster bar in Brooklyn, owner Kawana Jefferson still has a $1 oyster happy hour promotion on the menu, but when oyster prices are high, that promotion comes at a loss.
. | Adam Friedlander/Eater NY Eric Huang of NYCs Pecking House talks grassroots growth A version of this post originally appeared on April 30, 2025, in Eater and Punchs newsletter Pre Shift , a biweekly newsletter for the industry pro that sources first-person accounts from the bar and restaurant world. We literally just raised prices by $1.
Fast food chain Wendy’s has announced plans to test “dynamic pricing” at its locations across the country, beginning in 2025. According to CNN, the move is a part of the chain’s $20 million investment in digital menu boards, which will allow it to tweak the price of a Biggie Bag or Frosty in real time. If so, you’re in luck!
But while wings still dominate as the top football snack, new data suggests that more fans are choosing to watch the game at home rather than head to their local sports bar. The average price of wings increased 18 percent, likely due to demand and larger orders. This suggests fans are stocking home bars instead of ordering drinks out.
How each area contributes to the whole is a lesson learned in large properties like hotels, resorts, and clubs. [] MENU DIVERSITY A multi-outlet hotel, as an example, will likely have a breakfast restaurant, a family oriented mid-priced restaurant, and a fine-dining operation.
Fast-casual Condado Tacos—which prefers calling itself “next-gen casual”—has long had a bar program with a selection of conventional margaritas and beers to go with its Mexican-style menu and vibe. But those same margaritas had been on the menu since 2014 when the bar, so to speak, was set a bit lower.
Thrifty Habits and Willingness to Splurge While price-consciousness is on the rise, with 74 percent of consumers opting for less expensive options, the willingness to splurge is far from gone. This fusion of technology and emotional intelligence ensures customers feel valued rather than just targeted.
While bars sell alcoholic drinks, a high-margin menu item, crafting a profitable bar menu is paramount. Through menu engineering and reporting from your bar POS system , you can determine what's selling and what's not. Here are some tried-and-true moneymakers for your bar menu. Pizza Pizza is a crowd-pleaser.
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.
At Trinas Starlite Lounge, the hot dog tower comes with five hot dogs, fries, and sauce | Trinas Starlite Lounge In this economy, the pricey seafood tower has given way to way to the hot dog tower For Trinas Starlite Lounge , the longstanding bar in Somerville, Massachusetts, 2024 was financially pretty rough. Thats market price.)
Survey results indicate diners are seeking distinctive dining experiences, planning ahead with early reservations, and seeking out earlier evening bookings The holiday season is bringing a wave of excitement among diners, with 68 percent of respondents planning to celebrate at restaurants or bars.
.” Value-Driven Dining for the Modern Consumer – In a time when consumers seek out both quality and quantity, L&L continues to provide substantial portions at an accessible price point. Value is about more than price—it’s about the quality of the food, the atmosphere, and the service.
Staffing levels have been on the upswing since the dark days of the pandemic, with the number of jobs at bars and restaurants up nearly 0.7 However, this convenience comes with a price. Get it right, and restaurant owners will have happier and more loyal staff, leading to increased retention, an ongoing problem in the industry.
per share in cash, a 65% premium on the company’s share price as of April 30, before media reports suggested the company was for sale. The company’s stock price has fallen by more than 72% since that IPO, even after a recent uptick brought on by the sale reports. Olo shareholders will receive $10.25
Successful chains like Chipotle and Shake Shack and high-growth brands like Cava are leaning into the fact that value isn’t just about price—it’s the perception of value, which includes portion size, quality, customization and convenience. There are a few ways to bring this to life and maximize impact.
Not only were thousands of restaurants required to close for a period of time, but inventory prices have increased and the Centers for Disease Control and Prevention has recommended potentially expensive new sanitation processes and reduced capacities. But if the fee is already included in the raised price, there’s not much to dispute.
Everyone deserves a drink at a bar, even if that beverage does not include alcohol. The mocktail, also known as an alcohol-free cocktail, isn’t just a luxury drink found in high-end bars. The most popular non-alcoholic drinks like the mighty club soda and lemon or even a virgin mojito, are found on every bar menu.
Lets take a look: [] RAISING THE BAR Consumers dont know what they dont know, until they know what they didnt know. Of course, if, in this case, too many restaurants open before the marketplace has a chance to catch up, then failure rates will increase regardless of how operators respond.
The technology has caught up to the industry’s needs, consumers know what to expect and how best to use it, and QR codes are again a ubiquitous presence around restaurants, bars and hospitality settings. But just because you see them doesn’t mean they’re being leveraged to their full capabilities.
Substantial price hikes on restaurant menus are causing consumers to choose other options aside from eating or taking out, and a ‘tipping point’ is on the horizon where inflation will depress overall demand. By decreasing overall disposable income, inflation erodes consumer purchasing power.
A Dilemma of “Super Size” Proportions Amid rising food prices and shifting consumer preferences, the restaurant industry is facing a dilemma of “super size” proportions. percent menu-price inflation rate. Customers can become more critical of the quality of products and services when prices increase.
Owner Brian Owens says that at his recently opened Crave Sushi Bar, a spinoff of Fishbar also in Manhattan, customers are sometimes surprised to see that bluefin tuna, a sushi staple that also happens to be critically endangered, isn’t on the menu. “We More consumers than ever expect restaurants to pursue environmentally conscious practices.
Winter can be a tough season for restaurant and bar owners. The colder months bring a fresh set of challenges to the restaurant and bar scene. Here are a few ideas for restaurant and bar owners to consider in an effort to continue to serve up good eats and top-tier service during the winter season.
Running a bar is a lucrative business, proven by the fact that this industry is estimated to be valued at a whopping $36 billion in 2024. While this could be a rewarding venture, opening a bar is not exactly the same as opening a food business. How profitable is a bar?
Problem: Excessive mingling This is a prevalent issue in restaurants, especially ones that offer full bar service. Especially with buyers juggling 300+ ingredients each week, it can be difficult to stay on top of deals and prices. A “totally satisfied” customer contributes 2.6
This discussion will provide a roadmap for mastering the art of accounting in the world of restaurants and bars. Key Takeaways Understanding hospitality accounting is crucial for efficiency, profitability, and making informed business decisions in restaurants and bars. But, why is this so crucial to your business’s success?
Over the course of 111 days, Brian Masilionis, Director, On-Premise Commercial Strategy & National Accounts for Southern Glazer’s, led a team of its industry-leading mixologists to sample more than 400 drinks in 83 restaurants, bars and hotels, compiling their insights to discover emerging cocktail and wine trends across the U.S.
Most notably, consumer spending at restaurants appears to be holding-up relatively well this summer despite aggressive menu-price increases in the first-half of the year." Consumer spending at restaurants appears to be holding-up relatively well this summer despite aggressive menu-price increases in the first-half of the year.
They found interest in pumpkin knows no bounds, with all types of establishments adding it to their menus, including cafes, diners, pubs, bakeries, cider works, bars, and even restaurants catering to specific dietary preferences. Regionally: The Midwest saw a 29 percent increase in the price of canned pumpkin from $8.09 in June 2024.
While that sounds amazing, Spain Wine Bar is not a mature restaurant yet and I expected it to be much higher than the previous year. – Peter Elias, owner of Spain Wine Bar in Ocean City, Maryland While we officially ended the pandemic this year, it still hangs over us.
However, with prices rising, customers are choosier about where they spend their money. By repurposing real estate that was previously used for F&B, owners can take advantage of much of the existing infrastructure needed for a restaurantplumbing, ventilation, bar setups, and footing for kitchen equipment.
As diners return to their favorite restaurants, bars, and other eating establishments, restaurateurs are feeling the strain put on the food supply chain. Your supply chain is a good place to look for a leg-up on price, product, and consumer trust.
When WWI and WWII ended – restaurants and bars were some of the first businesses to recover. When the Great Depression came to an end – restaurants and bars positioned themselves to thrive. Restaurants and bars have always served that purpose and they will again once people are comfortable with being out in public.
Bar type restaurants such as Buffalo Wild Wings had a much higher “never” rating at 29 percent. For age profiles: 34 percent of frequent bar diners are 18-34 compared to only 22 percent of the population, and 58 percent of the people who never visit are 55+. 29 percent said they rarely ate at casual restaurants.
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