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Average Restaurant Profit Margins: What They Are And How to Improve Yours

ChowNow

It factors in all your operating expenses, like labor, rent, insurance, equipment repairs, marketing, and more. came to $35,000, and your operating expenses (labor, rent, insurance, etc.) Restaurant type: Whether you run a fine dining, fast casual, or quick service concept plays a big role in potential margins.

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MRM Research Roundup: Experimentation, Valentine’s Vibe Shift, and Wine Cork Market

Modern Restaurant Management

The research found that businesses worldwide – particularly restaurants – intend to experiment more in 2025, especially with customer retention programs like loyalty, as they face the triple challenge of sustained high inflation, shrinking consumer wallets and the need to raise prices across the board. percent in November.

Marketing 221
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MRM Research Roundup: Holiday Spending, Franchise Optimism, and Pickle Energy

Modern Restaurant Management

Those priorities include increased marketing and sales efforts alongside new benefits and programs to attract and retain staff. In RMS’ Q4 consumer survey , respondents reported dining out less across all categories – with fast casual and full service being hit the hardest. Franchise 2.0: Lunch traffic is down -0.1

Franchise 221
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How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

If you're a fast-casual place and only offer a couple of alcoholic beverages, then "alcohol" should be enough. Health insurance, retirement plans (401(k)), paid time off (PTO) (vacation, sick leave, holiday pay), workers compensation, and meal discounts Training and onboarding. Occupancy costs.

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Restaurant Profit Margin: 7 Ways To Actually Make Your Operation More Profitable

SpotOn

But many owners don't account for the high fixed costs of bars —like repairs, insurance, and alcohol theft which can leave them with less profit than expected. Quick-service restaurants—like cafes, fast food, and fast casual—are estimated to have decent profit margins with lower food and labor costs.

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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

On Menu Ingredients We predict the rise of “bougie” ingredients like caviar, lobster and truffle popping up at restaurants at more affordable prices and in more casual settings like fast casuals and QSRs. I am concerned that rising insurance costs may force some chains to exit the market. Golden Corral is one.

2024 493
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NCR Reveals 2022 Hospitality Trends and Predictions

Modern Restaurant Management

This is why next year, operators will offer more benefits like hiring incentives, higher hourly wages, health insurance, paid time off, earned wage access (EWA) and more to not only hire fresh labor, but retain top talent. Now this is a common occurrence, thanks to restaurant loyalty programs and smart technology.

2022 473