Remove Document Remove Events Remove Merchandise Remove Pricing
article thumbnail

Understanding Restaurant Finances & Financial Statements in 2024

7 Shifts

By analyzing these reports, you can optimize pricing, control restaurant costs , reduce waste, and improve overall profitability. Because the sales report shows the revenue generated by each menu item, you can set your pricing appropriately to maintain healthy profit margins. This balance helps in maintaining optimal labor costs.

2024 221
article thumbnail

Restaurant Branding: How To Build Your Restaurant Brand

Restaurant Clicks

Merchandise. There’s much more that goes into the restaurant experience than good food or cheap prices. If you want to support a cause with an event at your establishment, or raise awareness for a public issue, don’t be afraid to. What is Restaurant Branding? This includes but is not limited to your brand’s. Visual Branding.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Restaurant Revenue Management: Increasing Revenue With Traffic, Sales and Service

Notch

Strategy #1: Adjust your prices Start by examining your menu pricing. You may be able to increase some prices, particularly on popular dishes, to start upping your total sales. However, it’s important to ensure that with the increase in price that guests still feel they are getting their money’s worth with the meal.

article thumbnail

Restaurant Revenue Management: Increasing Revenue With Traffic, Sales and Service

Notch

Strategy #1: Adjust your prices Start by examining your menu pricing. You may be able to increase some prices, particularly on popular dishes, to start upping your total sales. However, it’s important to ensure that with the increase in price that guests still feel they are getting their money’s worth with the meal.

article thumbnail

22 Restaurant Advertising Ideas Driving Guests To Tables In 2022

7 Shifts

Price changes, new items, new deals, new hours - all of it can be adjusted as your restaurant grows. These can be professionally designed or made in-house to promote specials, events, or even a classic riff like the “Free Wifi, Cold Beer” sign found outside many-a-bar. Digital Signage. Image Source. Restaurant Merch. Email Newsletters.

article thumbnail

PPP Flexibility, Free Reopening Resources and HungerForce

Modern Restaurant Management

. “Independent restaurants are an invaluable part of our local communities and we are committed to helping these businesses reopen, rebound and thrive,” said Andrew Iacobucci, chief merchandising officer, US Foods. “Both capital and expertise are essential to create lasting value in the restaurant industry.

article thumbnail

MRM Research Roundup: End-of-June 2021 Edition

Modern Restaurant Management

Price sensitivity has increased, as have concerns over the economy and our own personal finances. Consistently, a growing number of respondents believe restaurant prices are higher, moving from 34 percent in November 2020, to 35 percent in February 2021, to 46 percent in May. sporting events, concerts, conferences, etc.)

2021 388