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With an estimated $100 billion in annual sales, alcohol is a staple of the hospitality industry. Almost every restaurant with liquor on the menu has their share of creatively named house cocktails and luring drink specials, but is your restaurant making the most of its beverage program? Are you utilizing every perk your distributors and suppliers can bring to the table?
Wondering how to increase restaurant sales? You’re not the only one. Sales in the restaurant industry are steadily growing , but food and labor costs are rising, too. Meanwhile, slim margins and high competition are constant concerns. Detailed business planning, a smart marketing strategy, and—of course—quality food and service will always help your restaurant’s numbers.
Dust off those shelves. Coffee shops have a unique customer base that stands and waits patiently (we hope) for their lattes—and not selling merchandise is a lost business opportunity. Calculate the average length of time one coffee takes to make. Those minutes could be spent checking out your café’s merchandise instead of idly scrolling through Instagram feeds.
A coupon is a coupon is a coupon. Pretty much. There are some coupons that offer more than others. When your coupon is a great deal, it can be the difference between a prospect eating at your restaurant versus a competitor’s.
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Looking for something fun to do this summer? Why not try a food festival? We’ve compiled a list of some of the best summer food festivals in the country—take a look and see what food festivals are happening in your city! Uptown Food Truck Festival: June 23rd. This unconventional food fair finds its home in Minneapolis, right on Hennepin Avenue. 65 food trucks , local craft beer , and live music are all part of this free event.
Last week, I had the opportunity to attend the annual BDO Restaurant CFO Bootcamp. Below is a recap and my top take-aways from this year’s event. BDO Restaurant CFO Bootcamp 2019 At-a-Glance. Each year, BDO gathers CFOs, Controllers and other finance, tax and accounting professionals from the restaurant industry for peer-to-peer networking and informative presentations on industry-specific topics.
As a restaurant owner, you likely know how much of an impact social media can have on your restaurant’s traffic. Although it can be overwhelming to keep up with the ever-changing landscape of social media, the hard work can reward you with increased restaurant traffic. One of the simplest ways to improve your restaurant’s online presence is to focus on local consumers.
As a restaurant owner, you likely know how much of an impact social media can have on your restaurant’s traffic. Although it can be overwhelming to keep up with the ever-changing landscape of social media, the hard work can reward you with increased restaurant traffic. One of the simplest ways to improve your restaurant’s online presence is to focus on local consumers.
Starting a restaurant of your own may seem like a major undertaking, but these days, there are many more options available to entrepreneurs who want to make something of their own and be successful at it. Whether you want to create a mobile eatery with a food truck or buy a storefront to turn into the restaurant of your dreams, there are several things you can do to keep the costs down. It is crucial to think about the details, however, and to stay on a budget as you consider things like
A coupon is a coupon is a coupon. Pretty much. There are some coupons that offer more than others. When your coupon is a great deal, it can be the difference between a prospect eating at your restaurant versus a competitor’s. But make no mistake, the way you get the coupon out to your potential customers is an important decision. It can make or break your return on investment.
OK, let’s face it, you aren’t in the restaurant business because of your love of accounting. Still, like most businesses, consistent and accurate financial reporting is key to the success of your restaurant and ensures you have a way to assess your restaurant’s performance, identify problem issues and maximize profits. This article looks at some best practices in restaurant accounting and then offers some tips on helpful features of modern accounting systems – all from the perspective of owners
This guest post was contributed by Gather. Seeing faces of excitement when a dish comes out. Getting a detailed, glowing review. Having happy employees who feel valued. These are just some of the rewards that come with managing a restaurant. But, of course, we know it’s not easy: margins can be narrow, crowds can be unpredictable, and dining trends can change at the drop of a hat.
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.
We dedicate the month of January to #Ginuary on our social media specifically every year, because we can’t quite face the terror of the tough first month of the year by going without, so we… The post Best Gin Bars Across The World appeared first on GastroGays.
How accessible is your farmers market to people of color or to shoppers with low incomes? How accessible is your farmers market to people of color or to shoppers with low incomes?
Day in and day out you are dedicated to the grind. You breathe in stress and breathe out hospitality. You get knocked down one day and get back up the next. Welcome to the world of restaurants and bars. It can be a brutal lifestyle if (and it’s a very big if) you allow it to control you. You probably can fondly remember your first job in the industry.
Why You Should Have a Feasibility Study Before You Start a New Restaurant. A charming Italian restaurant full of warmth, laughter, and the best of Italian cuisine. That might be your dream, complete with a location picked and the money set aside. It is an amazing dream, but is it practical? That’s the purpose of a feasibility study – to determine the practicability of an idea.
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.
Shan Zu Damascus 8″ Chef Knife Review June 12, 2019 Star Rating: 5.8 Stars Overall Rating: Excellent Quality Professional Knife Knife: Damascus GYO Series 8″ Chef’s Knife Brand: Shan Zu Made In: ? Steel: Japanese AUS-10V super steel core with damasacus layers of 430 & 431 stainless steel Rockwell: 60 – 62 HRC Blade Construction: […].
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“Your Passport to the World of Tea”. LOS ANGELES, CALIFORNIA: The Los Angeles Tea Festival comes to Los Angeles on August 10th and 11th as one of the nation’s largest tea festivals, uniting tea enthusiasts and experts for two days of tea talk and culture. We invite tea lovers and inquisitive newcomers alike to come and sip on top quality teas, try unique tea blends, build your own blend, and engage in in-depth discussions and presentations on teas from every region.
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.
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