February, 2020

article thumbnail

What is the Average Profit Margin for a Restaurant?

Restaurant365

What is the average profit margin for a restaurant can be an essential, but tough, question to answer. While profit margin may be a widely known metric, it can be difficult to fully understand everything that affects the calculation. Your restaurant profit margin depends on a number of factors that may be beyond your control. . However, understanding your average profit margin will help you track your restaurant’s financial health and show you where you can improve operations.

article thumbnail

Sommeliers' Choice Awards - Last 2 Weeks Left To Grow Your Wine Brand's Presence In The US Market

Sante

"I was seldom able to see an opportunity until it had ceased to be one." -Mark Twain. 96. 96. *|MC_PREVIEW_TEXT|*. Last 2 Weeks Left To Grow Your Wine Brand's Presence In The US Market. Via - Sommeliers Choice Awards. "I was seldom able to see an opportunity until it had ceased to be one." -Mark Twain. Don't miss out on this opportunity.

Marketing 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Improve Your Restaurant’s Profit Margin

Restaurant Clicks

Restaurant profit margins are typically lower than those of other types of businesses. That being said, in this industry it’s important to stay on top of your money. In this article, we’ll cover how to calculate your restaurant’s profit margins, and how to increase them by increasing sales volume and lowering your cost of operation. Calculating Restaurant Profit Margins.

article thumbnail

An Elegant Wine

The Wine Knitter

Today’s post is short, but I felt that this wine deserved extra attention rather than just giving a “shout out” on social media. If you haven’t yet read my story, “Two Cultures + Two Estates = Elegant Wines”, then please click on the link below to catch up and learn about Bodegas Caro and its very special wines. Trust me, it’s worth the four-minute read!

2000 78
article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

article thumbnail

How to drive more bookings with photos

Open for Business

A picture is worth more than a thousand words for restaurants—a great photo can lead to more bookings. It’s no secret that images play a part in how restaurants tell their story and how diners perceive them, but there is a certain art to getting the strategy right. Having photos on as many platforms as possible (such as Instagram, Yelp, and OpenTable) is key to retaining diners’ attention and marketing your restaurant as an attractive one to book. .

Book 113
article thumbnail

Menu Pricing: How to Successfully Price a Menu

Xtra Chef

Menu pricing can seem daunting. To start, it’s a numbers game that involves calculating plate cost and a target menu price. But successful menu pricing is so much more than this. There are other factors you need to consider including your market, your clientele, your brand, demand for your concept or cuisine, your competition, and ultimately the perceived value related to your unique selling proposition (USP).

Pricing 102

More Trending

article thumbnail

Entrepreneurial Hospitality: How Fourth-Generation Restaurateur Alex Canter Became a Tech Mogul

Modern Restaurant Management

Sometimes it’s easy to pinpoint where the entrepreneurial spark catches fire. For Alex Canter, it was at a spot in his family-run restaurant nicknamed “The War Zone.” The space earned that moniker because staff used it to handle delivery orders from a multitude of online platforms. For them, it had become a logistical nightmare. For Canter, it was a problem to be solved.

article thumbnail

CHEFS: BUILD A TEAM – KEEP A TEAM

Culinary Cues

There is no issue more pressing, and no task more important than building a kitchen team and establishing a culture of retention. Yes, I do mean a culture of retention. A chef may be talented, have a great resume, be noted for his or her pronounced taste in food, and even be established as a person who understands how to earn a profit, but if a chef is unable to pull together a great team of focused cooks, build an environment of professional camaraderie, and determine ways to keep that team int

article thumbnail

Why Prices on Grubhub Just Skyrocketed

ChowNow

If you’ve taken a look at Grubhub’s app lately, you may have noticed an immense amount of new restaurants available for online ordering. After all, the delivery giant more than doubled what they call their “restaurant inventory” in the past quarter. While customers might initially be delighted by the array of choices they have, the prices will leave them shocked and disappointed.

Pricing 397
article thumbnail

What can we learn from "Waitmares"?

7 Shifts

According to the American Academy of Sleep Medicine, 50-85% of adults have nightmares from time to time. What’s behind these sleep-disturbing dreams? Anxiety and stress are the usual suspects. With work being one of the biggest contributors to stress, it’s not surprising that four in five people have had work-related dreams at some point in their lives.

article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

article thumbnail

The Top 10 Things Learned from Working with 1000+ Restaurants

Embrace the Suck

I keep detailed coaching notes from every client I have had over the past 11 years as The Restaurant Coach™ Some of those stories make it into my books, speaking gigs, podcasts, or just as a solid warning to new clients about what not to do! Never fear, the names have been changed to protect those that have a restaurant that sucks. Sidenote: If you just asked yourself the question, "Does my restaurant suck?".

Coaching 337
article thumbnail

Taste of the NFL: Where chefs and NFL communities win

Sante

The San Francisco 49ers held a winning card at the charity event. Deborah Grossman. ?The 49ers may have lost the Super Bowl, but Chef Parke Ulrich prepared a delicious San Francisco-influenced Dungeness crab fried rice dish to please attendees at the NFL sanctioned feast before the big game.??. Enough already with analysis of the Super Bowl. Patrick Mahomes is the NFL MVP, and baseball fans are already speculating on spring training.

Events 239
article thumbnail

Effective Promotional Ingredients for Going Green

Modern Restaurant Management

Consumers are prioritizing sustainability when it comes to dining choices, driving a trend for going green in the restaurant industry. Concerned about climate change and the environment, these consumers are increasingly spending their dining dollars with restaurants demonstrating sustainability initiatives. This preference for environmentally conscious brands makes it critical for restaurants to find ways to integrate sustainability into operations and develop a plan to promote these sustainabil

Recycling 567
article thumbnail

WHY RUNNING A CLUB KITCHEN MIGHT BE THE TOUGHEST AND MOST SATISFYING CHEF POSITION OUT THERE

Culinary Cues

The tasks of the chef are fairly universal: planning menus, putting your signature on each dish, hiring and training staff, ordering product and building vendor relationships, controlling costs and adhering to budgets, maintaining a clean and safe kitchen environment, etc. etc. So, wouldn’t it be safe to say that if you can manage a kitchen – you can manage any kitchen?

Beverage 520
article thumbnail

What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

article thumbnail

What’s Next? The Rise of Gen Z Trends

Goliath Consulting

If you’ve been keeping up with our blog posts you’ve probably read what we had to say about millennial food trends in “Our Most Anticipated 2020 Food Trends List.” But what about Gen Z, the so-called digital generation? Born after 1997, research shows that this group will be responsible for up to 40 percent of consumer spending in 2020 (1). In fact, they will be making up more than one-third of the population at some time this year, surpassing both millennials and baby boomers as the largest gen

article thumbnail

Restaurant Labor Laws Cheat Sheet: Seattle

7 Shifts

Disclaimer: The information contained in this article is general in nature and businesses should consider whether the information is appropriate to their needs. Legal and other matters referred to in this article are based on 7shifts' interpretation of laws existing at the time and should not be relied on in place of professional legal advice. 7shifts is not responsible for the content of any site owned by a third party that may be linked to this article and no warranty is made by 7shifts concer

article thumbnail

How to Profitably Serve Cold & Sparkling Drinks in a Coffee Shop

Perfect Daily Grind

The market for cold drinks is growing rapidly. From sparkling teas and lemonades to cold brew coffee, customers are increasingly thirsty for a more refreshing beverage than the traditional coffee shop offerings. And businesses that don’t serve these risk losing out to competitors. But which cold and sparkling drinks should you be serving? And how can you do this profitably and efficiently?

Serving 209
article thumbnail

Restaurant Trends in the Farm-to-Table Movement

Next Restaurants

The farm-to-table. (or farm-to-fork) movement is nothing new. In fact, the actual “movement” dates back to the 1960s and ‘70s. While we might think of those years as the height of processed and pre-packaged foods, the reality is that not all Americans were happy with overly-processed meals. As the demand for healthier and whole foods that were responsibly-sourced grew, the movement officially began.

article thumbnail

State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

article thumbnail

How to Create a Successful Visual Brand for Your Restaurant in 2020

Modern Restaurant Management

Restaurateurs put great passion into their food, their concept, and their decor. But, a restaurant’s brand identity – and visual brand design – is equally important and not to be forgotten. A restaurant’s brand identity is the cumulative effect of what your guests see, taste, smell, feel and hear at your restaurant, online, and in the world at large.

2020 555
article thumbnail

CHEFS FACING THE CHALLENGE OF CREATIVITY VERSUS BUSINESS DECISIONS

Culinary Cues

You know that every chef has wrestled with this – should the menu reflect a personal philosophy to move the bar or stick with time-tested standards? Chefs are, for all intents and purposes, inherently creative people who are always looking for a way to express that creativity and place their signature on the plate. That is in our DNA, we can’t really help ourselves.

article thumbnail

Are you Missing Out?

Goliath Consulting

4 Things to Consider Before Adding Delivery to Your Restaurant. Food delivery is projected to grow 12% per year over the next 3 years 1. Aside from the sales opportunity, there are other clear benefits to incorporating food delivery at your restaurant, such as giving the restaurant increased visibility, exposure to new customers and gaining of valuable insights on purchasing trends 2,3.

article thumbnail

How Hyperion Public Stays Profitable and Labor Compliant with 7shifts

7 Shifts

Hyperion Public started as the dream of two dads—John Speaks and Paddy Aubrey. As their children went off to the same preschool, Speaks and Aubrey looked for a place that they felt comfortable hanging out, watching the game, and having meetings for work—but there was nowhere in Silver Lake, Los Angeles that fit the bill. So they decided to open their own restaurant hangout spot.

article thumbnail

Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

article thumbnail

Deconstructing Russia’s Coffee Market

Perfect Daily Grind

When you envision a country with a flourishing specialty coffee scene, Russia probably doesn’t come to mind. Despite being the ninth most populous country on earth, little is known about how its citizens drink coffee, or their consumption preferences and patterns. Next month’s Producer & Roaster Forum will host a panel answering this question. Organised by Perfect Daily Grind, this world leading coffee event is aimed at bringing international markets together by advising attendees on how to

Marketing 197
article thumbnail

Mastering Restaurant Bookkeeping in 5 Simple Steps

Restaurant365

How to Do Bookkeeping for a Restaurant in 5 Simple Steps. Restaurant bookkeeping involves financial and accounting practices that track your business’ detailed costs and revenue. With organized financial practices and relevant, sophisticated reporting, bookkeeping can help you create a strong foundation for your business decisions. Bookkeeping involves day-to-day finances and budgets, but effective bookkeeping practices also can help you make operational decisions about food, labor, and ov

article thumbnail

Decade of Disruption: Restaurant Insiders Dish What’s on the Plate

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” Their answers touched on a variety of subjects including AI, virtual reality, virtual kitchens, staffing and retention, social media marketing, sustainability and third-party delivery.

article thumbnail

CHEFS – IS IT WORTH IT?

Culinary Cues

We have all had those moments (some of us more frequently than others) when we question what we are doing, the level of commitment required, and the price to pay. As chefs we all are aware of the time, physical stress, and emotional trauma associated with running a busy kitchen. The labor pool is a true challenge, the pressure to earn a profit is relentless, the fickle nature of guests can be frustrating, the shear number of daily decisions required of the job is mind-numbing, and the need to pu

Seating 572
article thumbnail

The Funding Recipe for Your Restaurant – A Guide To Growing Your Business

Fuel your restaurant’s success with our comprehensive 2025 funding guide! Running a restaurant comes with unique financial challenges, from managing seasonal fluctuations to covering unexpected expenses like equipment repairs or ingredient shortages. This guide dives into fast, flexible financing options for restaurant owners. Discover how to bridge cash flow gaps, fund expansions, or navigate slow seasons without compromising service quality.

article thumbnail

EVENTS: IMPROVING SALES AND PROFITS IN RESTAURANTS, CAFES, BREWERIES

Food Business

We are going to discuss two types of events: catering—guests’ special occasions, and experiential events—frequent events to draw in guests. Restaurants, cafes, and breweries are actively aware of their need to satisfy their guests in many different ways. Luckily enough local restaurants are creating catering and monthly events, which leads other restaurants to follow suit.

Brewery 147
article thumbnail

Upcoming Compliance Labor Laws in Chicago

7 Shifts

Disclaimer: The information contained in this article is general in nature and businesses should consider whether the information is appropriate to their needs. Legal and other matters referred to in this article are based on 7shifts' interpretation of laws existing at the time and should not be relied on in place of professional legal advice. 7shifts is not responsible for the content of any site owned by a third party that may be linked to this article and no warranty is made by 7shifts concer

article thumbnail

Entering China’s Emerging Coffee Market

Perfect Daily Grind

China might be the fourth-largest country in the world and have the largest population on earth, but it has one of the world’s lowest coffee consumption rates, with citizens consuming an average of just one cup a year. . While this might not sound promising, coffee consumption rates in China are growing at 30% a year, compared to an international rate of 2%.

Marketing 192
article thumbnail

4 Benefits of Online Restaurant Management Software

Focus POS

It’s no secret that many businesses across the restaurant industry are turning to the power of technology to make running their operations easier. Not only are they looking to improve operations within their kitchens, but also enhance the overall customer experience. Here are 4 benefits your restaurant can find when you leverage the power of online management tools: Run your business anywhere with internet access.

article thumbnail

8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.