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Restaurant Market Research: Ultimate Guide to Market Analysis

7 Shifts

Let’s take the guesswork out of starting your food business and set your establishment up for success. Aside from improving restaurant customer experience , market research also helps you make informed decisions about location, pricing, and marketing strategies. Food costs are another macro-economic indicator to consider.

Marketing 370
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Is There a Right Way to Raise Prices?

Modern Restaurant Management

Due to many factors including inflation and supply chain challenges, restaurant owners and operators have been faced with tough choice about raising menu prices. As food prices rise, restaurants should try to stay within their target ratio for food cost to gross food revenue in order to maintain target profits.

Pricing 490
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THE NEXT GENERATION OF COOKS & CHEFS

Culinary Cues

The full package of compensation and support will be the price of admission and the key to attracting and retaining the next generation. This model will help to create sense of ownership and establish a significant way of retaining good people.

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JBF Study: Independent Restaurants Are Actively Evolving

Modern Restaurant Management

We remain more committed than ever to supporting these vital businesses—the backbone of local economies and communities—by providing training and resources to build business resilience, as well as championing and spotlighting our industry across all our platforms.”

2024 251
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Tech Will Be Essential to Boost Food Safety and Quality in 2023

Modern Restaurant Management

As we close out 2022, food production is at risk. We’re still facing product shortages, exacerbated by ongoing supply chain interruptions and the Russian-Ukrainian war stalling food shipments – including 9.5 Inflation is causing food prices – and food insecurity – to soar. . million tons of grain.

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The Cost Advantage of the Right Purchasing Partnerships

Modern Restaurant Management

Everyone in the food industry is feeling the pinch of the economy with reduced consumer patronage in restaurants and even a reduction of produce consumption in the winter months. There are many areas where we have seen food service operators benefit! This makes business tight causing a hard look at any extra costs.

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How Restaurants Can Drive Profits and Growth During a Perfect Storm

Modern Restaurant Management

Soaring prices, continued supply chain disruptions, and ongoing staffing shortages are creating a perfect storm for restaurants. Food and labor costs are elevated and expected to remain high in 2022 , negatively impacting restaurants’ profit margins. To maximize your existing resources: Reduce food waste.