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.

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

iSanté

"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.

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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.

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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.

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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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More Trending

Naughty or Nice in 2020 at 2941 Restaurant

iSanté

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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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!

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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.

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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.

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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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.

2020 195

Taste of the NFL: Where chefs and NFL communities win

iSanté

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.??.

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.

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.

7 Creative Valentine’s Day Marketing Ideas for Your Restaurants

Bingage

Welcome Reader You are here so probably you’re willing to dig into ideas, which can easily implement to increase your restaurant sales on this valentine’s day… So let’s begin, here will be discussing the trending ideas using by the successful restaurant owners which is simple to execute and provide the best result. Also Read: How to become a successful restaurant owner? Valentine’s Day is a productive way to attract a bunch of customers outside your restaurant. It’s a day where people celebrate love. A study shows that only 12.9% of restaurants offer an experiential dining experience for their guests including entertaining activities and romantic music. Create a Productive marketing campaign is your task on priority. The National Restaurant Association shared the most popular criteria for choosing a Valentine’s Day restaurant- 1. The Most favourite restaurant of one partner. 2. Restaurant with a romantic atmosphere. 3. Places that have a special menu or promotion. 4.Restaurant with a good loyalty program , that increase chances of visiting by 22%. Research shows that almost 34.67% of people prefer dining out on Valentine’s Day. So, this is the best time for a restaurateur to make their customer feel special and spread love in the atmosphere. Read the exciting valentine’s day marketing ideas for your restaurant that your guest will definitely love : Intrigue the couples with an unnatural touch? Valentine day is about candlelight dinners, romantic mood or love-themed foods and Valentine’s Day restaurant specials. Many Restaurants are pre-booked for V-day so you need a winning marketing strategy. Following are wonderful ways to make February 14 special for your guest – 1. Valentine Special Menu. Special Day known for a special menu, Conduct a meeting with your chef and create a valentine special menu with a catchy name. Try to be innovative with plating, For example, you can present red velvet pastries in the pattern of hearts as well as with the red rose leaves. Be sure to keep your menu according to your audience convenience, do not keep it over-priced. 2. Capture Special Moments. Who doesn’t like to capture the moment right? Couples will love to picture the lovely moments they Spend together. Most people find the day best to propose their loved one. Catch those beautiful moments and send to your customers, which they can appreciate for life. Share a picture on your page and tag your customer, this will gain customer attraction to you. 3. Make this day Special for Singles also. Valentine’s day is for couples but don’t neglect the single crowd. Let them feel that you are caring for singles also. Golden tips- Offer Special delivery option for those relaxing at home for an evening, thus you can take it to another level completely. Also, the Restaurant loyalty program is a good way to make your customer feel appreciated. 4. Social Media is the best stage for promotion. Go for creative Valentine’s day promotion ideas for restaurants. Facebook videos are the best, make an engaging video or host a live video on this day to grab the attention of the audience. Some tips for social media. • Content is a king so provide high-quality content. • Try to nourish a relationship with your target customer. • Go for personalised marketing/ email marketing. 5. Host Happy hour for February 14. This year Valentine’s day is falling on weekdays so one thing you can arrange is to offer happy hours. Plan something for Working couples, they would enjoy if you provide happy hours after 7 pm, whereas youngsters lovers would love happy hours during lunch. 6. Themed Table arrangement. It is an important part of your valentine’s day special idea, come up with a special table arrangement. You can set napkins in the heart shape. You can organise an Event a day before or on the same day and give a personalised photo frame or personalised Valentine’s gift to the couple so they will feel good at the time. 7. Powerful Marketing. You must develop an awareness among your targeted customers what you will going to do on this day, what special you are offering to them. Ask a question with you, why will people choose to visit yours? Here comes the importance of promotion of your restaurant. Give them a special reason to choose your restaurant. You should go for something unique while marketing valentine’s day on social media like You can post couples stories, their short messages to grab the attention of others. Try to be uncommon as much as possible because everyone is doing the same thing so you should think out of the box. So, Above are the amazing promotion ideas for Restaurant, hope this valentine’s day your Restaurant will be full of Reservations and bookings. You can also read these 6 ways to attract new customers to your restaurant. The post 7 Creative Valentine’s Day Marketing Ideas for Your Restaurants appeared first on Bingage Blog. Restaurant Marketing & Management marketing ideas for restaurant restaurant marketing ideas valentine's day 2019 Valentine's Day Marketing Ideas for Your Restaurant

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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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.

2020 203

Black Natural Olives from Greece Seen as a Healthy Alternative

iSanté

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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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.

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.

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?”

How Restaurant CEO Priorities are Evolving in 2020

Aaron Allen & Associates

Restaurant CEO priorities are shifting in 2020, and it makes sense given how quickly the consumer and competitive landscape are shifting as well as the introduction of new forces impacting the industry. Here, we round up ten factors influencing how leaders are evolving their views and approach.

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CHEF’S: CONDITION YOUR TEAM AND CHANNEL THEIR ENERGY

Culinary Cues

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

2020 169

Celebrate National Margarita Day at Tacos Tortas & Tequila (TTT) & TTT Mexican Diner

iSanté

How will you pay homage to the most celebrated tequila cocktail on National Margarita Day? You can start by ordering a variety of discounted margaritas this Saturday at two popular East Coast Mexican eateries. Photo by Tacos Tortas & Tequila.

2020 130

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.

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. .

MRM People & Places: Cassoulet War, Zagat Stories and AQUAlounge

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine's People & Places column features news of company hires and promotions, charitable efforts and product introductions. Send news to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.

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.

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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AB inBev, Big Drop Brewing and Viv & Oak to present at Lo & No Beverage Summit

iSanté

Event date: June 2, 2020 (All day). The World Health Organization expects a considerable reduction in alcohol consumption in the coming years. AB inBev, Big Drop Brewing and Viv & Oak to present at Lo & No Beverage Summit: North America, June 2-3, Los Angeles.

Reducing Labor Costs May Not Be As Hard As You Think!

Bar and Restaurant Coach

The rising cost of labor is no longer just a matter of profitability—it’s becoming a matter of survival. If you’re not faced with serious labor challenges in your bar or restaurant operation right now, let me assure you—they’re on the horizon!

7 Ways to Keep Liquor Costs Low at Your Bar

Lavu

As a bar manager or owner, keeping track of liquor costs is a primary responsibility. Using these tips listed below, you can keep costs at an affordable low amount and set a strong foundation for growing your business. . Set Up a Lean Bar .

MRM Franchise Feed: CPK in Canada and Real Famous BBQ

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Send news to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. CPK Heads North.

Efficient Kitchen Management Tips for Restaurants

Dot It

Efficient kitchen management is a complicated and nuanced goal. One small mistake by the back-of-house staff can have huge ramifications for the whole restaurant. The same is true for front-of-house. Keeping all restaurant staff operating succinctly is crucial to a well-functioning restaurant.

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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