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‘Cookie-Cutter Marketing Doesn’t Work in this Industry.’

Modern Restaurant Management

Restaurants and bars had to quickly pivot, letting guests know how to order online, if dine-in was available, or what safety protocols were in place. Operators are maximizing revenue through delivery, private events, ghost kitchens, catering, and branded merchandise. The pandemic was a wake-up call for the hospitality industry.

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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. Introduce wine pairings or tasting events with online booking options. Creating customizable prix fixe menus for groups with easy online ordering.

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

High Cash Volume and Diverse Payment Methods: These businesses handle a large volume of daily transactions, often involving cash, credit cards, online payments, and gift cards, requiring robust internal controls and reconciliation processes. Food and Beverage Cost Percentage: Direct insight into profitability for F&B operations.

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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: To-Go Trends, State of the Plate, and Black Market Reservations

Modern Restaurant Management

Off-Premises Dining Is Essential Nearly 75 percent of all restaurant traffic now happens off-premises—meaning that almost three out of four restaurant orders are taken to go. More than 60 percent say they’re ordering off-premises more often than a year ago. Older adults still prefer in-person ordering.

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

Modern Restaurant Management

Restaurants Order Up Tech, AI, and Dynamic Pricing As far as technology goes, 26 percent of respondents said they’d like to start using new tech to help run their business, which is up seven percentage points from last year. The survey also found that 77 percent of diners prefer restaurants with good service reviews.

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Coffee News Recap: 25 Jul: Coffee prices surge following tariff and frost concerns, roaster applications open for Global Coffee Awards & other stories

Perfect Daily Grind

The singer‑songwriter and social media influencer Lars Huang will spearhead online marketing campaigns, lead new merchandise launches, and appear at in‑store events to boost Tims China’s profile among Gen Z consumers. billion in Q2, with the US beverage segment up by 10.5%. The group posted a US $38.7 Net sales rose 6.1%