February, 2020

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.

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

iSant

"I was seldom able to see an opportunity until it had ceased to be one." " -Mark Twain. 96. *|MC_PREVIEW_TEXT|*. MC_PREVIEW_TEXT|*. Last 2 Weeks Left To Grow Your Wine Brand's Presence In The US Market. Via - Sommeliers Choice Awards.

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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.

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.

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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.

Book 101

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.

From Centrifuges to Smokehouses: The 10 Best Bar Gadgets Every Bartender Wants

Buzztime Business

From veteran bartenders to mixologists are incorporating tech-forward devices into their craft. Check out these 10 bar gadgets every bartender will love! The post From Centrifuges to Smokehouses: The 10 Best Bar Gadgets Every Bartender Wants appeared first on Buzztime. Bar Technology

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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!

Taste of the NFL: Where chefs and NFL communities win

iSant

The San Francisco 49ers held a winning card at the charity event. Deborah Grossman. ?The 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.??.

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?”

Checklist for launching a successful delivery business

Deliverect

Delivery isn’t simply an extra revenue channel – it’s also in high demand. But before you start packing your delicious meals in boxes and sending them out into the world, it’s best to begin with a strategy rooted in sound business and marketing principles.

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.

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.

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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.

Best Restaurant POS Systems for 2020

Restaurant Clicks

A good point of sale system can help streamline your restaurant’s processes, from payments to inventory and much more. Today, some of the best POS systems for restaurants incorporate a host of useful tools that can efficiently integrate various processes all on one platform.

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Why Innovative Dining Experiences Are Driven by Facility Management Technology

Modern Restaurant Management

A new normal has evolved in the restaurant industry: Digital delivery sales are expected to grow at a compound annual rate of over 22 percent through 2023 , according to L.E.K. Consulting. In response, 37 percent of restaurants are offering online ordering and 32 percent accept mobile payments.

A Better BonBon

iSant

Elaine Khosrova. Unpredictable. Alive. Magical. This is how Joshua Needleman describes the temperament of fine chocolate. Unpredictable. Alive. Magical. This is how Joshua Needleman describes the temperament of fine chocolate.

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How Modern Restaurant Accounting Impacts Profitability

Restaurant365

Keeping track of your finances is time-consuming, and yet it has enormous implications for your bottom line. Staying competitive in the modern restaurant industry requires devoting time, energy, and resources to restaurant accounting. .

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.

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Food delivery management software 101

Deliverect

In the era of food delivery, offering online ordering, delivery and takeaway is a smart strategy to appeal to a vast audience of potential customers. When you start delivering meals, it’s crucial to invest in the right food delivery software, in order to keep things tidy and efficient.

How Much Does It Cost To Open a Restaurant? 2020 Restaurant Startup Costs

Restaurant Clicks

Being a restaurant owner is hard work, but it’s rewarding. If you’re considering getting into the industry, there’s one big question you’re probably wondering: How much is this going to cost? Restaurant startup costs can be seriously expensive, which is an obstacle to many would-be restaurant owners.

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Make Your Restaurant a Social Media Hotspot

Modern Restaurant Management

Love it or hate it, Instagram is affecting your business. With more than one billion accounts worldwide, it is time to accept that it is not going away soon; therefore it is time to embrace it.

Naughty or Nice in 2020 at 2941 Restaurant

iSant

2941-restaurant-exterior_orig.jpg. Author(s): Emiliano De Laurentiis. Teaser: This drink is inspired by what might happen if the classic Rosita cocktail had a baby with a beet salad.

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How Your Restaurant Can Survive the Valentine’s Day Dinner Rush

Transact

Valentine’s Day is both a day to look forward to and a day to dread (as a restaurant manager, that is). Yes, more diners mean more income–which is always a good thing. But it also means more stress for your team as you try to deal with the Valentine’s Day dinner rush.

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?

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Why choosing the right POS system is a top priority

Deliverect

Setting up a business in the hospitality industry comes with a big checklist of things not to forget. In addition to your restaurant’s concept, location and menu, there are a few technical aspects you need to think about, as well. One which certainly cannot be overlooked is the POS system.

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Improving the Sustainability of Your Restaurant During Challenging Times

Future Food

Good Luck Hot Pot Restaurant Empty due to the effects of the Coronaviris. Image via Good Food). Improving the sustainability of your restaurant during challenging times – a lesson for everyday trading.

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.

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Restaurant Technology has Modernised On-Premise Ordering

Lavu

Technology is constantly changing and revolutionizing the way restaurants meet customer needs. Gone are the days when servers would approach a customer with a pen and paper. Today, technology is at the helm of on-premise ordering processes.

Sushi Shenanigans Businesses Should Shun

Transact

Sushi has extended far beyond its home country of Japan and is available in nearly every major city in the world — from fine dining restaurants to casual food chains to convenience stores via grab-and-go pack. And it’s no wonder!

CHEF’S: CONDITION YOUR TEAM AND CHANNEL THEIR ENERGY

Culinary Cues

CHEF-to-CHEF, So.you made it!

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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.

Black Natural Olives from Greece Seen as a Healthy Alternative

iSant

Event date: February 27, 2020 - 6:30pm. The “Olive You” European Table Olive Campaign, cordially invites you to learn more about the European Natural Black Olives, at our “European Natural Black Olives from Greece“ private press event.

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Restaurants: The New Battlefield for Customer Experience

Modern Restaurant Management

You get home from a long day at work, don't feel like cooking and want to treat yourself to some great food. Until recently, you probably settled for mediocre pizza or Chinese.

How Gift Cards, Loyalty Programs, and Customer Reviews can Help Your Restaurant

Lavu

One of the biggest challenges that restaurants face is obtaining and retaining customers. With so many restaurants operating in the same space, competition is usually high. This calls for restaurants to be creative on what they offer their customers.

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.

ARE RESTAURANTS FACING EVOLUTION OR REVOLUTION?

Culinary Cues

Is it just another one of those cycles with a few new challenges or is it something else? It seems to me, once you start to connect the dots, you will note that the times they are a changing, and the alarm bell is about to ring.

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