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7 Key Features You Need in a Bar POS System

Lavu

Incorporating a POS terminal within your bar’s point of sale system elevates the efficiency and accuracy of managing your inventory, directly influencing your ability to grow your business. Related: Customization is King: Using POS Systems with Open APIs 2. What are your profit margins?

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11 Restaurant Management Best Practices to Maximize Your Performance in 2021

Restaurant365

operators, mostly sales) minus your cash outflows (your operating costs, like food and drink, payroll, rent, etc.) For instance, you may need to proactively adjust your labor to meet a seasonal drop in sales, or plan for the best time to spend cash on any needed maintenance or upgrades. Cost out your menu items and recipes.

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Take These 3 Steps to Survive An Unusual Hospitality Holiday Season

Xtra Chef

The holiday season is usually full of family, friends, and fun—and a lot of profitability for the restaurant industry. Restaurants that are already trying to find ways to cut food costs and optimize efficiency with reduced opportunities for revenue are now asking themselves: How do we thrive during this holiday season?

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How to Calculate and Optimize Your Restaurant Payroll Percentage

Restaurant365

Your payroll is the process of calculating and distributing wages to your employees. The restaurant industry faces a lot of industry-specific regulations on payroll, with laws regulating hourly employee scheduling and tipped wage workers, as well as compliance with the Affordable Care Act regarding seasonal and variable hour employees.

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Why Manual Restaurant Inventory Management Is Eating Your Profits

Restaurant365

Tracking your inventory shows what is coming into your restaurant, what is leaving your kitchen as sales, and what is left over on your shelf. When you think of your restaurant finances, do you think of your inventory? What is Restaurant Inventory Management? Sitting Inventory.

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Summer Slowdown Continues as Record-High Inflation Keeps Consumers Questioning Spend

Black Box Intelligence

New data from Black Box Intelligence confirms fewer price hikes positively impacts intent to return; leads to increase in guest traffic and sales. Best and worst performing region, segment and cuisine is based on same-store sales growth. Restaurants are experiencing strong headwinds as the industry hits peak Summer season.

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Why Manual Restaurant Inventory Management Is Eating Your Profits

Restaurant365

Tracking your inventory shows what is coming into your restaurant, what is leaving your kitchen as sales, and what is left over on your shelf. When you think of your restaurant finances, do you think of your inventory? What is Restaurant Inventory Management? Sitting Inventory.