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AN EVEN BIGGER THREAT TO RESTAURANT SURVIVAL

Culinary Cues

Growing cycles will continue to change, unpredictable alterations in weather patterns will continue to haunt farmers, and crops that would normally thrive in certain parts of the world may not be able to survive there now. [] WAR: Ukraine was the 5 th or 6 th largest agricultural country in the world.

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How Modern Restaurant Accounting Impacts Profitability

Restaurant365

The restaurant industry is infamous for slim margins. You also need to turn your focus inwards, increasing profit by analyzing and optimizing in-house costs using restaurant accounting. You also need to turn your focus inwards, increasing profit by analyzing and optimizing in-house costs using restaurant accounting.

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Critical BOH Restaurant KPIs That Optimize Labor Costs and CoGs, Part 2

Restaurant365

Your restaurant is constantly generating data, whether from your sales revenue, food costs, or labor hours. Get the data you need to grow your profitability by reviewing critical FOH and BOH restaurant KPIs. In this blog, Part 2 of 2, we explore critical restaurant KPIs about your BOH data to review for long-term profitability.

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How to Calculate Gross Profit for Your Restaurant Business

Restaurant365

Tracking your profit margin, in the current moment and over time, is critical to managing your restaurant’s financial health. All business owners and managers are familiar with the concept of profit margin but understanding exactly what lies behind the calculation can help you figure out how to optimize it.

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Restaurant COGS: How Does Your Restaurant Stack Up

Margin Edge

The cost of goods sold, or COGS, are hands down something anyone who’s run a restaurant knows about. This blog looks at COGS basics (in case you want a refresher), their financial impact, the COGS you should be aiming for depending on your type of restaurant, and how and when to monitor them. The Barrow House, Clifton, NJ.

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Forecasting for Restaurants: Implications for Inventory and Labor

Restaurant365

Operating a successful restaurant requires restaurant owners and managers to focus not only on managing day-to-day operations, but also evaluating ways to reduce costs and grow future sales. Currently, some of the most powerful restaurant management systems on the market feature predictive tools around food and labor costs.

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10 Operational Challenges Restaurants Should Expect in 2020

Restaurant365

With nearly half of the United States imposing higher minimum wages starting in 2020, restaurants also need to focus on optimizing labor costs (especially as a percentage of sales). Labor is one of the largest restaurant operational costs, but it is also one of the most controllable. Finding and training staff.