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Untapped Areas of Profitability in a Full-Service Restaurant

Squirrel Systems

Optimizing the Bar Program with Digital Tools Beverages, especially alcoholic ones, offer some of the highest profit margins in the restaurant industry. Implementing a Strategic Digital Loyalty Program A well-executed loyalty program can increase customer retention and repeat visits.

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Restaurant Profit Margin: 7 Ways To Actually Make Your Operation More Profitable

SpotOn

Gross profit margin subtracts only the Cost of Goods Sold (COGS) to determine the profitability of your food and beverages, while net profit margin subtracts all your costs to determine the profitability of your entire operation. Your Cost of Goods Sold are your food and beverage costs along with the cost of any merchandise you sell.

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MRM Research Roundup: Diner Resiliency, Automation Technology, and Egg Prices

Modern Restaurant Management

Nearly half (47 percent) of diners say they engage with loyalty programs at least once a week, up significantly from just 34 percent in 2023. To improve retention, operators are focused on technology that delivers structured onboarding programs, leadership development, and real-time feedback tools.

Pricing 251
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MRM Research Roundup: To-Go Trends, State of the Plate, and Black Market Reservations

Modern Restaurant Management

Loyalty programs also matter: 65 percent of drive-thru users and over 60 percent of takeout and delivery users say membership affects where they order. Dutch Bros came out on top in every category, including customer service, in-store experience, value, drinks, lattes, iced coffee, cold brew and frozen beverages.

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MRM Research Roundup: Cautious Optimism, Beyond the Burn, and the Taylor Swift Economy

Modern Restaurant Management

Gross Merchandise Value (GMV) at local restaurants grew by 12.8 Wine sales rose 12 percent while most other alcoholic beverages saw a decline, suggesting that fans opted for a more relaxed pre-concert vibe. Local Sales On The Rise in Miami Miami restaurants saw a 9.1 The average ticket size grew by 2.6 Sales peaked at 11 a.m.

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MRM Research Roundup: Mid-April 2020 Edition

Modern Restaurant Management

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the dismal March restaurant sales, security, loyalty, trends and teen consumer behaviors. Alcoholic beverages, in particular, can have an enormous impact on guest checks, especially for bar and grill and more upscale restaurants.

2020 491
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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

One of the best things to do is to find additional revenue streams to supplement your core food and beverage sales. Branded merchandise Selling branded merchandise lets you generate additional income while promoting your restaurant. Promoting your loyalty program online helps increase awareness and conversions.

2024 243