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How Transaction Monitoring Can Help Prevent Food and Beverage Fraud

Modern Restaurant Management

As cash intensive businesses (CIB), food and beverage businesses have historically been sites of fraud. Yet, as such businesses move their sales, ordering, operations, and bookings online, the rates of fraud have only increased. But with the intention of seeing if any sales are suspicious. What Is Transaction Monitoring?

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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. What are the top 3 expenses of restaurants?

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Food & Beverage Strategy - Future Focused

Future Food

Food & Beverage Strategy - Future Focused Diversification of Food and Hospitality Destinations is the key to Success. The Developer’s viewpoint is always about the “Business”; maximising asset value by way of sales, rents and guaranteed repeat patronage. The Arcade Food Theatre in London.

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THE INTER-DEPENDANCE OF BUSINESS AND COMMUNITY RESTAURANTS

Culinary Cues

Every restaurant knows that once a customer walks through the door a sale of food and beverage will likely result. Walking down the streets in the once most robust city in proximity to my home, I was deeply concerned at what I saw. Any man’s death diminishes me because I am involved in mankind.” President John F.

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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. But what should be measured, and how?

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CHEFS – VALUE and the TOP LINE DRIVE the BOTTOM LINE

Culinary Cues

When profit is measured in more significant profit from fewer sales then I will make a statement that may cause many chefs scratch their heads in disbelief: “Food cost percentage is far less relevant – it’s all about contribution margin.” In both cases it is sales (the top line) that sets the stage for success. SP = $5.25 /.30.

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Restaurants Can Score Big for the Super Bowl

Modern Restaurant Management

Play The Field : Some Super Bowl viewers prefer to watch the game in the comfort of their own homes, but that doesn’t mean you should lose out on sales. Prepare in advance by reviewing the increased projected sales and product mix (PMIX) reports. Now is the time to get your plays in order to be a winner this Super Bowl Sunday.