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How to Handle Temporary Restaurant Closure during COVID-19

7 Shifts

Consider things like merchandise sales, inventory sales, or private cooking lessons. A blog post explaining why you are closed when you expect to reopen is also a good idea. Pause inventory deliveries, reduce your payroll, and lower your utility bill to weather the storm. We’ll talk about this more later on.

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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. Actual Food Cost (COGS).

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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. Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system. The overall benefits of a BNG POS System. Mobile payment processing.

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How to Manage Cash Flow During Restaurant Restrictions

Restaurant365

For most restaurants, inflow is principally the cash from your food and drink sales, or related catering or merchandise. Your cash outflow for the period: $12,000 in food and drink inventory + $5,000 in wages + $3,000 in other operating expenses = $20,000. Keeping track of cash outflow. Have a cash flow forecast.

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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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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 "When we originally kicked off the campaign, we had no idea that it would resonate on such a global scale," said Helen Patrikis. "It's franchisees for use in their restaurants. ."

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

Notch

Conduct daily inventories. Unfortunately, employees or even suppliers and other guests may help themselves to your inventory in all sorts of ways if the opportunity arises. They can help you to track everything from table turnover rates, to trends, to employee hours, to inventory so you don’t overspend. Use purchase orders.