Remove Food Supply Remove Influencer Remove Point of Sale Remove Pricing
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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

Comparing 7shifts’ internal data of 10,000+ restaurants, restaurants are seeing an average weekly decrease in sales of 50% across the board in North America. Evaluate your restaurant scheduling practices to see if you are consistently over-budgeting on labor needs based on your sales.

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How Restaurants Can Combat Inflation with the Top-Down and Bottom-Up Method to Profitability

Modern Restaurant Management

The prices of goods and services have increased 8.5 Rebounding demand, supply chain issues, and labor shortages are mostly to blame for driving prices to an all-time high. The menu engineering process depends on knowing the exact profit margin of each item and the exact food cost for preparing these items.

Waste 165
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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! This research will dictate your hours of operation and pricing plans! Do they serve just coffee or small foods as well? We're all here for it!

License 459
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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

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How Virtual Brands Can Help Restaurants Expand Their Reach and Drive Sales

Modern Restaurant Management

Today, virtual brands are disrupting the foodservice industry, with celebrities, YouTube stars and influencers helping them go mainstream. These spaces are only used to prepare food for off-premises consumption; there is no dining room, curbside pickup or drive thru, which means operators can get by on skeleton back-of-house (BOH) crews.

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How Food Costing and Pricing Should Change Your Catering Business Processes in 2022

ChefMod

People seem to be making up for the lost time on the social front, unfazed by rising fuel, food, and labor costs. Food costing solutions eliminates the dull, tedious manual work associated with food costing and pricing processes. Joining a GPO eliminates the usual supply chain headaches.

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Food Inflation by the Numbers & How Restaurants Can Prepare 

Black Box Intelligence

While these challenges may appear inevitable, restaurants can offset the adverse effects of food inflation and uphold profit margins. food prices grew at a slower rate in February compared to January (9.5% food prices grew at a slower rate in February compared to January (9.5% In 2022, prices increased by 7.7%.

Food 76