7 Shifts

AUGUST 18, 2024

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Whether it’s food cost increases due to inflation or a labor cost rise due to rising minimum wage, cost increases, like taxes, are pretty much a guarantee in the restaurant industry.

License 370

License Equipment POS Food Supply 370

7 Shifts

AUGUST 2, 2024

When hiring restaurant accountants, your primary consideration should be those who understand the complexity of the food and beverage industry—both front-of-the-house and back-of-the-house operations and management. This number is essential because it helps you determine the price of your food and beverages.

Point of Sale 397

Point of Sale Inventory Seasonal Menu Cash Management 397

Harbor Touch

MARCH 18, 2025

Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Keep it separate or bundled with food costs. Charitable Donations: Give and Get Back Donating extra food? Keep it reasonable.

Point of Sale 138

Point of Sale POS Restaurant Law Equipment 138

EATER

SEPTEMBER 11, 2024

Lille Allen Six chefs and restaurant owners from across the country explain why restaurants feel so expensive right now, and how they’re coping with high prices and customer complaints Dining out involves calculating the intangible: What is hospitality worth to you? The food was great,” we say, “but.” Was it worth it?

Pricing 363

Pricing Back of House Food Order Front of House 363

Modern Restaurant Management

JULY 1, 2020

There has also been an increase in review content for Black-owned restaurants and food businesses (up 9X) and nightlife (up 13X). The importance of the price of offering lowered from 78 percent to 50 percent. Consumer Interest in Restaurants is Shifting Quickly.

2020 451

2020 Travel Food Safety Consumer Goods 451

Modern Restaurant Management

JUNE 24, 2020

” Traditionally, to enable delivery most sellers list their menu on food delivery platforms because the restaurant doesn’t have their own couriers. Customers use their mobile device to view menus, order courses, and have food delivered directly to their table.

Guest Recovery 540

Guest Recovery Kitchen Safety Mobile Ordering Food Safety 540

EATER

JUNE 1, 2021

The JBS Foods plant in Greeley, Colorado. JBS Foods, the world’s largest meat producer, has gone partially offline. Another large corporation has become the target of a ransomware attack that could have far-reaching effects on a supply chain. JBS has partially shut down its operations due to a ransomware attack.

Dietary Restrictions 246

Dietary Restrictions Food Supply Back of House Supplies 246

Modern Restaurant Management

MARCH 25, 2020

Restaurant workers must bring in proof of recent employment (paystubs will suffice) and will receive hot meals, toiletries, cleaning supplies, diapers, formula, personal hygiene items, and more. "They're the only vendor — and I'm talking partners, food suppliers, marketing people — who has put out a Coronavirus Kit.

Online Ordering 290

Online Ordering Insurance Mobile Ordering Website Management 290

EATER

JANUARY 21, 2021

It’s probably not Uber Eats, Postmates, or Grubhub 2020 was an undeniably big year for food delivery. Benefitting the most from this disruption to an already broken food supply chain are third-party delivery apps, such as UberEats, Grubhub, and DoorDash. Postmates joined them by raising prices between $.50 Shutterstock.

Delivery 335

Delivery Customer Service Food Order Online Ordering 335

SpotOn

FEBRUARY 26, 2025

That could simply be food sales , alcohol , and non-alcoholic beverages. Cost of Goods Sold (COGS) Your Cost of Goods Sold is the cost of your food and beverages. That way you'll have accurate food and beverage cost percentages for each COGS line item. Costs are what you pay for resources, like equipment, food, and labor.

Point of Sale 88

Point of Sale License Insurance POS 88

7 Shifts

MAY 23, 2024

This includes: Net Sales: The total revenue derived from your sale of food and beverages. However, as a rule, the primary costs you can expect in running your restaurant are usually related to food, labor, and rent. This can reduce your budget for ingredients and, at the same time, minimize food waste.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Employee Relations 221

7 Shifts

OCTOBER 8, 2021

There are dozens of costs associated with running a restaurant, and many of them remain out of your direct control: rent, utilities, insurance—etc. Those are your food costs and your labor costs , and together they make up your prime costs. Food and Inventory Costs. But the bulk of a restaurant's costs can be controlled.

Seasonal Menu 195

Seasonal Menu Consumer Goods Food Supply Inventory 195

Lavu

JUNE 6, 2025

Running a successful restaurant in 2025 means more than just great food—it requires smart financial decisions. With rising ingredient prices, labor shortages, and tighter margins, operators must find strategic ways to reduce restaurant costs without compromising quality or customer experience. Food cost control is crucial.

Loyalty Program 78

Loyalty Program Waste Recycling Inventory 78

EATER

JANUARY 18, 2022

Breaking down the food, labor, and fixed costs of Bé Ù’s caramelized pork with eggs We often presume to understand restaurant economics because we know what a chicken breast costs at the supermarket. “I Even though she wants to keep the menu affordable, Lê will soon need to balance her high fixed and labor costs with the prices she charges.

Online Ordering 246

Online Ordering Food Order Seasonal Menu Pricing 246

Restaurant365

MAY 26, 2020

Your prime cost is a fundamental metric to track, because it includes your two largest expenses: food and labor. For a restaurant, this includes your food and beverage ingredients, as well as other supplies like napkins, coffee filters, etc. Employee Wages + Taxes + Benefits + Insurance = Total Labor Cost.

Point of Sale 148

Point of Sale Employee Relations Inventory Insurance 148

7 Shifts

JULY 1, 2024

While this could be a rewarding venture, opening a bar is not exactly the same as opening a food business. These start-up costs can range from the real estate payments you must make to the permits and licenses you need, the supplies you have to buy for your bar, the wages you need to pay your employees, and insurance.

Bar 221

Bar License Food Supply Restaurant Law 221

Restaurant365

FEBRUARY 25, 2020

Just as there is no single food and drink formula for restaurant industry success, there is no simple formula for a healthy profit margin. Your restaurant profit margin can be influenced by food and inventory trends, your geographic location, the state of the broader economy, and a wide range of other factors. Fast Casual Restaurants.

Loyalty Program 183

Loyalty Program Point of Sale Fast Casual Online Ordering 183

Cheetah

MAY 14, 2021

In April last year, Mayor London Breed announced a 15% cap on food delivery service fees. What’s Behind DoorDash’s New Pricing Scheme. Last April, DoorDash announced they are retooling restaurant fees with tiered pricing. The new pricing scheme looks simple enough. Here’s our take on the issue. .

Delivery 125

Delivery Food Safety Point of Sale Customer Service 125

The Food Corridor

SEPTEMBER 14, 2020

For foodservice vendors, food truck operators, manufacturers, market traders, chefs, and caterers who use shared-kitchen facilities, there’s a constant nagging worry that something will go wrong. The way to mitigate the risk is to take out a robust insurance policy. In a year like 2020, you never know what’s around the corner.

Insurance 52

Insurance Food Truck Food Catering 52

The Restaurant Times

JANUARY 23, 2022

The catering industry includes companies that provide individual event-based food services. What type of food will you serve? Rent a commercial kitchen: This increases your operating costs and will require transportation facilities and equipment to deliver food to the location. What functions will your business cater to?

Catering 75

Catering License Insurance Food Supply 75

Cheetah

DECEMBER 1, 2021

Instead of fixed-price rent based on floor space, some restaurants are demanding variable percentage-of-revenue rent that fluctuates with the profitability of the restaurant. Lockdowns and virus variants, as well as supply deficits and labor shortages have made forecasting based on seasonal peaks extremely hard, if not irrelevant.

Fine Dining 148

Fine Dining Insurance Kitchen Safety Seating 148

Sling

JUNE 9, 2023

Running a successful restaurant isn’t just about serving great food. The term “restaurant costs” is generally used to describe one-time expenditures on material resources — such as food, liquor, dishes, equipment, and software — that keep the business running. These are also referred to as direct costs. You pay $2.04 for the butter.

Operations 78

Operations Food Supply Inventory Point of Sale 78

Cheetah

OCTOBER 3, 2020

Now that indoor dining is once again allowed, waitstaff, cooks and sanitation workers are asked to come back to work with no changes to their compensations, health insurance or paycheck. Although diners end up paying the same price for the meal, this might make your menu seem more expensive. Indoor Dining and Social Distancing.

Inventory 78

Inventory Insurance Cash Management Point of Sale 78

Restaurant365

MARCH 30, 2020

Expanding “off-premise” insurance coverage. Obeying local regulations from your local food handlers’ association. Start with the following: Revisit your insurance policy. Your first step will be to call your insurance provider and inquire about on-premise versus off-premise coverage. Vehicle insurance.

Delivery 78

Delivery Operations Insurance Cash Management 78

Lavu

MARCH 24, 2020

Restaurant Supplies to Stock up on. Peli-Peli has never offered curbside service and is more of a luxury food chain, but they are quickly adapting to new dining hall closure mandates. Offer quick-service menu items, and lower the price point on these new items to draw in new customers. Reduction of contact with food.

Front of House 92

Front of House Social Media Webinar Customer Service 92

Restaurant365

OCTOBER 23, 2019

Cost of Goods Sold (COGS) is the combined costs of food and beverage ingredients that were sold at your restaurant over a certain period of time. COGS totaled takes into account the ingredients that make up your food andbeverage sales, and related supplies (like napkins or coffee filters). Example of a Prime Cost Formula.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

Harbor Touch

MARCH 18, 2025

Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Keep it separate or bundled with food costs. Charitable Donations: Give and Get Back Donating extra food? Keep it reasonable.

Point of Sale 78

Point of Sale POS Restaurant Law Equipment 78

Harbor Touch

MARCH 18, 2025

Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Keep it separate or bundled with food costs. Charitable Donations: Give and Get Back Donating extra food? Keep it reasonable.

Point of Sale 78

Point of Sale POS Restaurant Law Equipment 78

Open for Business

SEPTEMBER 2, 2024

Running a successful restaurant involves more than just serving great food. It’s an all-important metric that influences everything from menu pricing to operational decisions and beyond. Net profit margin is your bottom line—what’s left after paying for everything, including food costs, labor, rent, and other operating expenses.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Small Business 78

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. The costs in this budget include the rent payments, the salaries, insurance, property taxes, and everything else. Office supplies .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Sling

JUNE 1, 2021

Direct material costs — sometimes referred to as cost of goods sold (COGS) — include any and all supplies and materials (raw or otherwise) that your business consumes during the manufacture of a product. direct material costs or cost of goods sold) plus all the labor expenses that go into making and serving your restaurant’s food.

Food Truck 78

Food Truck Transportation Definition Food Supply 78

The Restaurant Times

SEPTEMBER 30, 2021

Food truck businesses have never been more popular than they are now. In 2020, we saw a significant rise in the number of food trucks. Moreover, since the COVID-19 pandemic, many customers prefer to eat from food trucks rather than restaurants as they are relatively safer. 8 Things To Consider Before Starting Up A Food Truck.

Food Truck 52

Food Truck Food License Mobile Ordering 52

BNG Point of Sale

AUGUST 27, 2021

It is also not an easy one–regardless of the restaurant size and business model–with plenty of competition to contend with while trying to stay on top in terms of the quality food it serves and its prices. Optimize your menu pricing . Today, profit margins have shrunk to between 4% and 7%. .

Point of Sale 52

Point of Sale Customer Service Social Media Online Ordering 52

Apicbase

JANUARY 28, 2025

When the Autumn Budget landed, food and drink leaders warned ministers that the tax increase would cost the British Hospitality industry 3 billion and force businesses to reduce investments, cut jobs, and raise customer prices. The old playbook of simply raising prices or trimming portion sizes won’t cut it anymore.

2024 52

2024 Waste Inventory Hospitality 52

BNG Point of Sale

AUGUST 19, 2021

Cost of goods sold (CoGS): This is your cost for all food, drinks, and anything else you sell, such as T-shirts and hats. Food and drink inventory costs need to include the ingredients costs per meal or per drink. CoGS Percentage: Take your CoGS total and divide it by the food sales. Fast Food / Casual Restaurants: 6 to 9% .

Cash Management 52

Cash Management Point of Sale Inventory Food Truck 52

Apicbase

JUNE 16, 2023

By regularly tracking his inventory and procurement metrics, Fabio was able to reduce his kitchens’ food costs by 18%. In the fast-paced world of the food service industry, having this kind of quick, daily check can be a game-changer. Food Cost Percentage This metric measures that proportion of your food cost with your overall sales.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

EATER

DECEMBER 22, 2020

Fairness has the potential to be a fundamental part of a restaurant’s business plan In 2012, the organization Fight for 15 , composed of fast-food workers who walked off the job to demand a living wage and workers’ rights, formed in New York City. A Fight for 15 protest in New York City | a katz /Shutterstock. to be paid a living wage.

Pricing 307

Pricing Menu Small Business Back of House 307