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How to Manage Cash Flow During Restaurant Restrictions

Restaurant365

Tracking and understanding your restaurant’s cash flow is essential, whether business is booming, or times are tough. A healthy, positive cash flow is necessary to pay your bills and grow sales. Monitoring your cash flow is more important than ever during the COVID-19 outbreak. How to calculate restaurant cash flow.

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The Top 5 Restaurant Inventory Management Mistakes and How to Avoid Them

Restaurant365

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. First, let’s break down the two types of inventory costing, Actual and Theoretical. Theoretical Variance.

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Safe Distancing Tech and a Farewell to Foam

Modern Restaurant Management

The company is exploring collaborations with corporate partners and charities, as well as merchandise sales, to keep its mission alive. "When Contactless Order & Pay provides operators with a safe, contact-free solution for in-service experiences, helping them manage labor costs and keep their employees safe.

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Point Of Sale System Cost: Why It Shouldn’t Matter

BNG Point of Sale

In this blog, we’ll take a look at different types of POS software solutions we offer and how they work with your business. Point of sale systems already bring in money, because unlike a traditional cash register, the ability to take credit cards will increase the likelihood a customer will make a purchase. Mobile payment processing.

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Revenue streams restaurants can add to their business

Clover - Restaurants

Lastly, by offering additional services like catering or selling merchandise, restaurants can more efficiently use their existing kitchen space, staff, and inventory, maximizing their resources throughout the day or week. Merchandise Selling hats, tote bags, and t-shirts with your restaurant name has two benefits.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

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Point Of Sale System Cost: Why It Shouldn’t Matter

BNG Point of Sale

In this blog, we’ll take a look at different types of POS software solutions we offer and how they work with your business. Point of sale systems already bring in money, because unlike a traditional cash register, the ability to take credit cards will increase the likelihood a customer will make a purchase. Mobile payment processing.