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MRM Research Roundup: Diner Resiliency, Automation Technology, and Egg Prices

Modern Restaurant Management

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features dining trends, hiring trends, tech trends, brunch trends, alcohol trends, and egg prices. Forty-five percent of those who said they were dining out less this year because restaurant prices are too high. million people. . "The

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MRM Research Roundup: To-Go Trends, State of the Plate, and Black Market Reservations

Modern Restaurant Management

And customers questioned the value they got for their money at all three chains in written reviews, citing high prices, watery drinks and dissatisfying customer service. The median price they would pay for a medium cup of coffee was $4. A common complaint was that drinks were not full or had too much ice. percent for Starbucks, 4.3

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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Profitability remains a challenge for many restaurants, especially with prices for ingredients and labor going up. Another approach is to integrate an online ordering feature or plugin into your website and leverage your FOH as delivery drivers. In fact, only 27% of restaurant owners expect to be more profitable this year.

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Menu Engineering: Innovating Menus for Profitability and Simplicity

Aaron Allen & Associates

This requires updated and accurate training for baristas and FOH staff that needs to be considered in the investment for developing the new item. It’s about more than tactical design, merchandising techniques, promotional tactics, and pricing strategies though.

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The Impact of Restaurant Tablets on Table Turnover and Revenue

Mad Mobile

Dynamic pricing strategies Most restaurants and bars use digital menus because of their flexibility. Restaurant tablets and kiosks allow for dynamic pricing that changes based on your needs. If your chef is running an in-demand special, you can easily adjust the price or remove it from the menu when it’s sold out.

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Restaurant Franchising: 10 Essential Performance Metrics For Consistent Group-wide Profitability

Apicbase

This number reflects the unit’s total food, beverage, and merchandise sales through all the different revenue streams. Adjust your pricing. Common tactics to do so include: portion control; using tech to keep tabs on inventory ; keeping your menus focused; changing vendors (or negotiating better prices); reducing shrinkage and wastage.

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Mastering Restaurant Metrics: Your Comprehensive Guide to Business Success 

Apicbase

COGS help you determine if you’re pricing your menu items correctly based on the purchase price of the ingredients. It tells you if you’re pricing an item correctly and whether it will be profitable or not. This metric also helps you manage inventory more effectively and ensure you’re pricing menu items correctly.