Remove Beverage Remove Inventory Remove Merchandise Remove Pricing
article thumbnail

How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Below are the top seven inventory management mistakes restaurants are making, and how to correct them.

Inventory 180
article thumbnail

MRM Research Roundup: Year-End 2020 Edition

Modern Restaurant Management

While restaurants looked after frontline workers, diners lended their own efforts to support restaurants and their staff in 2020, offering donations, gift cards, tickets towards online classes and merchandise purchases. January is an infamously slow period for beverage alcohol sales after the fourth quarter holiday rush.

2020 211
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

Leveraging Relationships to Build a Better Bar Program

Goliath Consulting

Almost every restaurant with liquor on the menu has their share of creatively named house cocktails and luring drink specials, but is your restaurant making the most of its beverage program? Every bar/beverage manager can tell you about their distributors purchase incentives. Buy two bottles, get one free.”

Bar 100
article thumbnail

Menu Engineering: Innovating Menus for Profitability and Simplicity

Aaron Allen & Associates

Coffee and Snack chains are among the most frequent innovators, with Krispy Kreme, Dutch Bros, Dunkin’, Starbucks, and Tim Hortons leading the pack — especially with a focus on LTOs for beverages. The menu’s design has a direct impact on operational aspects, including kitchen workflow, inventory management, and labor costs.

article thumbnail

The Impact of Restaurant Tablets on Table Turnover and Revenue

Mad Mobile

Dynamic pricing strategies Most restaurants and bars use digital menus because of their flexibility. Restaurant tablets and kiosks allow for dynamic pricing that changes based on your needs. If your chef is running an in-demand special, you can easily adjust the price or remove it from the menu when it’s sold out.

article thumbnail

How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. Make this calculation using the following formula: BEP =Fixed Costs / (Sales Price Per Unit - Variable Costs). Online Ordering.

License 459
article thumbnail

4 Proven Strategies Operators in Saudi Arabia Must Know To Grow Their Restaurant Profit Margin

The Restaurant Times

Gross Revenue is the sales revenue generated by selling food, beverages, and merchandise plus additional gains, i.e., income from a transaction that doesn’t come from regular business operations. Negotiate better prices with suppliers. Monitoring sales to keep the inventory levels in order .