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

SpotOn

But not entirely because of inflation, labor shortages, and high food costs. 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. We all know it. Labor costs.

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JUST DON’T KNOW OR JUST DON’T CARE

Culinary Cues

We hire and fire, increase pay, or add more staff, change restaurant menus or add convenience foods to reduce the need for qualified employees, or simply accept that poor attitudes and inconsistent product are just “the way it is.” There’s plenty of room for excellence in business – mediocrity is already over-booked.

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AI Food Intelligence and Now Serving Democracy

Modern Restaurant Management

Tastewise, an AI-powered food intelligence solution, launched in the UK. With real-time data into consumer behavior data, the solution offers immediate, location-specific food and beverage insights into an industry that is changing faster than ever before. ” Tastewise Data. social interactions, and 1.2M online recipes.

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An Eater’s Guide to Visiting (and Drinking) Champagne 

EATER

You were just given a generic list of suggestions for dining options, straddling a line between ludicrously expensive and horribly grim.”. Champagne & Food Experiences. Their Prestige cuvée, a Blanc de Noirs aged longer, is more powerful and therefore better complemented by heartier foods such as steak, truffle pastas, and cheese.

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Why, Exactly, Do We Love Old Restaurants?

EATER

Lille Allen/Eater A quest to understand the illogical appeal of the old and “just fine” We were driving home from Sedona, Arizona, to Los Angeles. Sure, I would always rather support a small business than a fast-food chain. To be honest, I barely remember the food or the diner itself. We drove the extra 1.6

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The 12 Best New Restaurants in America 2023

EATER

A best new restaurant announces itself as part of the national dining conversation. Together, Eater’s 12 Best New Restaurants represent the highest highs of the year in dining — loosely defined as October 2022 through September 2023 — as well as the promise of what’s to come next. It might set one trend in motion, or subvert another.

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34 Restaurant Marketing Ideas: How To Market Your Restaurant in 2024

7 Shifts

In 2020, the number of establishments in the food and beverage industry was estimated to be 23.1 You can give your customers 1 point for every $10 they spend at your restaurant (the price point depends on how much you're selling your food and beverages; just make sure to set an achievable price).