February, 2020

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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.

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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
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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. 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.

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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!

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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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. 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

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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.

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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

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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.

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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! 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 330
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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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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

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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 196
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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. While customers might initially be delighted by the array of choices they have, the prices will leave them shocked and disappointed.

Pricing 158
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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?

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Top 5 Ways to Optimize Your Loyalty Strategy

Speaker: Lauren Barash, Vice President, Brand Marketing

In an ever-evolving industry, building and retaining loyal customers is critical to the success of any restaurant business. Join Lauren Barash, VP of Brand Marketing at Full Course, as she delves into the world of restaurant loyalty programs, and reveals the top five essential strategies to optimize your approach! This webinar will explore: Loyalty trends and what you should be focusing on 📊 Actionable insights and ideas to help you develop the most powerful and effective loyalty program

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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

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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

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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 221
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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.

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2024 Restaurant Spending Trends to Stay Ahead of the Curve

How do you stay on top of what your customers are expecting when they step through your doors? Do you know what’s on their mind? How are you going to account for what they’re planning on doing months from now? As we head into 2024, price-related issues are still top-of-mind for restaurant customers after the inflation boom earlier this year. In this new report, we give you the latest insights on consumer spending trends, attitudes on tipping, and how you can respond.

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Naughty or Nice in 2020 at 2941 Restaurant

Sante

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. Whether embracing 2020 alcohol-free or staying true to one's tempting habits, 2941 Restaurant, nestled in the heart of Falls Church, Virginia, is offering a collection of "Vice & Virtue" cocktails to kick-off the new decade.

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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.

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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.

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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%.

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Win More in 2024: Your Guide to Restaurant Marketing Success

Your Guide to Restaurant Marketing Success Start maximizing ROI and doing more with less with Olo’s ultimate guide to restaurant marketing. In this guide: Strategies to level up in 4 key areas: data, audiences, content distribution, and loyalty Interactive checklists to help you track your progress throughout the year Tips for leveraging guest data across your entire business What you’ll learn: Level 1 | Beginner: Learn how to collect guest data, build a healthy subscriber list, launch personali

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Effectively Targeting and Marketing to Gen Z

Modern Restaurant Management

This new year is a perfect time to begin shaping a long-term vision and identifying opportunities for growing your restaurant or food services business over the next ten years. Marketing trends, mobile data insights show that Gen Z has a considerable appetite for restaurants, clean eating, fast-casual, and exciting twists on healthy dining options. And wow, does this young generation have some incredible spending power!

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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

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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.

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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

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Unlock Restaurant Success: Mastering 7 Vital Employment Laws

As a restaurant leader, your plate is full with responsibilities, from staff management to serving up delicious dishes. But amidst the hustle, there's a crucial area you can't afford to overlook – employment laws. In this comprehensive eBook, we'll unveil the seven essential employment laws every restaurant leader must master. We'll break down the intricacies of each law, showing you how it directly impacts your business.

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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. Here is a 6-step guide to set up a delivery operation with success. Don’t forget to download our practical checklist for getting started with food delivery!

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An A-Z of the best international pancakes you've never heard of

Typsy

Alright Typsy tribe – it’s nearly the last week of February, and we know what that means: loosen your belts, turn off your phone and maybe bring out a blanket to shame-eat under… because Pancake Day is coming. With that in mind, it's the perfect time to add some new pancake recipes to your menu. To help you out with some sweet (and savory) inspiration, we're looking at some of the most interesting pancake styles from around the world.

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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. But with the rise of services like DoorDash, GrubHub and Caviar, good food — some of it from Michelin-starred chefs — is only a click away. Home meal kits have surged in popularity, with sales expected to double over the next five years , and grocery stores like Whole Foods are selling higher quality prepa