Culinary Cues

MAY 12, 2022

I get it, profit in restaurants is sometimes hard to come by. Restaurants get hit from all angles so when there is a chance to push the envelope on pricing – many do. Of course, there is a handful of masterful chefs and restaurateurs who can charge crazy prices to sold out audiences. Prime Filet or 14 oz.

Pricing 352

Pricing Training Consumer Goods Customer Experience 352

Modern Restaurant Management

NOVEMBER 15, 2022

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 196

Pricing Food Supply Seasonal Menu Menu 196

Lavu

NOVEMBER 17, 2023

Improving your restaurant profit and profit margins are critical factors that directly impact the financial health and overall success of your restaurant. By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

7 Shifts

AUGUST 26, 2019

"Restaurant revenue management is defined as selling the right seat to the right customer at the right price and for the right dura­tion."— From there, you can make vital decisions about price, service capacity, table turnover, and your menu to boost revenue and profits. But how do restaurants increase revenue?

Management 408

Management Management Airlines Customer Service 408

Modern Restaurant Management

MAY 10, 2022

Nobody has time for that when there is a crowded dining room, to-go orders flying out the window and customers complaining about their favorite menu items going up in price. Embracing different innovations and moving away from traditional ways of operating can help you identify more areas of profitability and drive business success.

Supplies 197

Supplies Food Supply Audits Inventory 197

Modern Restaurant Management

MARCH 15, 2024

To ensure a restaurant is minimizing its expenses, and increasing its profits, it’s crucial to have a payment processor that fits the restaurant's needs. Many processors offer different deals, technology, pricing and other unique options.

Equipment 196

Equipment Small Business Customer Service Pricing 196

Modern Restaurant Management

MARCH 2, 2022

Restaurant menu prices continue upward as the U.S. Operators are being forced to make changes in an effort to navigate the price escalation. Technomic also reported that 45 percent of consumers say they usually pick restaurants with lower prices. Focus on the Cost Side of the Profit Equation. percent on an annual basis.

Pricing 195

Pricing Menu Waste Food Supply 195

Modern Restaurant Management

DECEMBER 20, 2022

"We have seen guest counts decline for most of 2022 and just now start to fluctuate upwards again, indicating that there is an industry challenge to balancing increased check growth at the expense of foot traffic. The second is pricing. Menu prices have consistently risen since 2021. percent increase YOY to 13.9

2022 197

2022 Food Supply Point of Sale Dietary Restrictions 197

Squirrel Systems

APRIL 11, 2024

Creating efficiencies at your restaurant using Mobile POS solutions Understanding how to keep your restaurant patio operations profitable requires a strategic look at your on-the-floor dynamics. The post 3 Ways Restaurant Mobile POS Systems Keep Patio Operations Profitable appeared first on Squirrel Systems.

POS 94

POS Operations Mobile Ordering Front of House 94

Modern Restaurant Management

JULY 29, 2022

Given that businesses grow by acquiring new customers, many national QSR brands rely heavily on advertising to increase exposure. billion on national television advertisements, and digital spend is also on the rise given the increasing influence of social media platforms like TikTok. In 2021, QSR brands spent an estimated $1.8

Advertising 208

Advertising Take-out Marketing Social Media 208

Modern Restaurant Management

DECEMBER 27, 2023

These factors contribute to a volatile supply chain, influencing everything from ingredient availability to menu pricing strategies. These factors contribute to a volatile supply chain, influencing everything from ingredient availability to menu pricing strategies.

2024 202

2024 Food Supply Kitchen Safety Influencer 202

Culinary Cues

FEBRUARY 13, 2022

The good news is that restaurants are beginning to see an increase in sales as more and more customers return to in person dining in addition to their new habit of ordering for home delivery. Using everything from hoof to snout will be the price of admission for todays and tomorrow’s cooks. [] Variety on the Plate.

Compost 437

Compost Fine Dining Waste Café 437

Modern Restaurant Management

JUNE 2, 2023

Owners of eating and drinking places have been compelled to increase menu prices as a survival strategy. Full-service menu prices jumped 8.8 percent and limited-service menu prices rose 7.1 What is needed is a clear strategy that tackles the core concerns of rising costs and diminishing profits.

Seasonal Menu 148

Seasonal Menu Online Ordering Front of House Point of Sale 148

Sling

MAY 20, 2023

Common corporate level strategies include: Concentration Diversification No Change Profit Investigation Turnaround Liquidation Most corporate level strategies will be broad in scope, complex, and geared toward the overarching goals of your business. Without that direction, your business may be flailing in the wind, so to speak.

Leadership 148

Leadership Customer Service Pricing Marketing 148

Modern Restaurant Management

FEBRUARY 16, 2022

You can't scroll news sites without seeing more articles about inflation, but was does it mean for restaurants? Shifting costs are always affecting the profitability of running a restaurant. Business owners should routinely track increased costs and adapt. Those who don’t are effectively lowering their prices.

Cash Management 207

Cash Management Food Supply Seasonal Menu Social Media 207

7 Shifts

AUGUST 29, 2019

Menu engineering can be simplified as the steps taken to increase the profitability of a restaurant menu. Menu Pricing and 2. Menu Design Once you analyze all of your menu items’ popularity and profitability, you can carefully engage in restaurant menu planning for your customer-facing menu to maximize profits.

Menu 279

Menu Point of Sale Website Management Online Ordering 279

Ken Burgin

OCTOBER 19, 2021

Operators still holding the price of meals to what they were 12 months ago are bearing the brunt of massive increases in the cost of ingredients. And profitability is suffering. So how do you put up prices with confidence and style? When Should You Increase Menu Prices? Profits follow accordingly.

Pricing 158

Pricing Menu Seasonal Menu Food Supply 158

Modern Restaurant Management

JANUARY 31, 2024

Inventory : Generally, when food costs go up, operators will raise their menu prices by a small amount. But what we’ve found is that operators have been leaning on menu price hikes to cover their expenses for more than two years now, and they’ve finally reached the limits of what consumers are willing to pay.

2024 203

2024 Online Ordering Website Management 2023 203

Modern Restaurant Management

MARCH 15, 2023

Dynamic pricing would add friction to the guest experience, according to Capterra’s 2023 Dynamic Pricing in Restaurants. Sixty-five percent of consumers say dynamic pricing would make the decision of where and when to eat more difficult; 63 percent say it would make it harder to budget their restaurant spending.

Pricing 198

Pricing Consumer Goods Customer Experience Food Order 198

Sling

JUNE 14, 2023

And though you’ve worked hard to get where you are, you know it’s time to focus on increasing your restaurant’s profit margin. In this guide, we’ll cover what restaurant profit margin is and share how much the average eatery makes. Table of contents What is a restaurant profit margin?

Customer Service 78

Customer Service Email Marketing Website Management Customer Experience 78

Perfect Daily Grind

NOVEMBER 13, 2022

From early 2021 through until mid-2022, coffee prices increased steadily – with arabica futures reaching a ten-year high of US 258.95 However, in recent weeks, the global market price of coffee (also known as the C price) has fallen to an 18-month low of US 174.20 cents/lb in February 2022.

Pricing 155

Pricing Operations 2022 Insurance 155

Modern Restaurant Management

OCTOBER 23, 2023

Launching a fine dining restaurant is an undoubtedly exciting venture, but it's not without its challenges. Use relevant hashtags to increase the visibility of your posts and encourage user-generated content by interacting with your followers.

Fine Dining 208

Fine Dining Marketing Social Media Influencer 208

Modern Restaurant Management

NOVEMBER 24, 2021

Restaurants have faced labor shortages, supply and equipment shortages, and climbing food prices, with no past playbook on how to navigate the crisis. Restaurateurs are struggling to find staff to support the increase in demand on their business as Americans are returning to restaurant dining rooms.

2021 189

2021 Food Supply Food Truck Supplies 189

Modern Restaurant Management

OCTOBER 11, 2021

With increased talk of COVID-19 vaccine mandates and the rise of the Delta variant , restaurant owners are still adapting their dine-in operations to keep up with the times. As a part of this process, many operators have once again turned to outdoor dining as a lifeline to help recover lost revenue and make customers feel at ease.

Outdoor 197

Outdoor POS Front of House Seasonal Menu 197

Modern Restaurant Management

JANUARY 3, 2024

Looking ahead, we’re focused on strategic, measured expansion and growing profitability. Additionally, it means enacting ways to incentivize guests to order from a brand’s direct ordering channels, with offers like exclusive items and pricing, to drive in-house digital sales and therefore retain owned guest data.

2024 132

2024 Loyalty Program Customer Experience Customer Service 132

Cheetah

NOVEMBER 23, 2021

The busy season is underway, and for caterers and restaurants it is the biggest opportunity in the past two years to boost sales and make a hefty profit. For caterers to really take advantage of this holiday season, and not just churn out hors d’oeuvres, they need to take steps to increase profitability.

Catering 148

Catering Food Supply Seasonal Menu Supplies 148

Perfect Daily Grind

FEBRUARY 5, 2023

Understandably, this has a significant impact on how coffee is processed and sold, as well as the prices that farmers receive. In theory, this can help them to receive higher prices for their coffee, or improve stability by committing to selling a larger volume of coffee on a repeat basis.

Operations 189

Operations Point of Sale Pricing Equipment 189

Chowly

JUNE 7, 2023

It’s called smart pricing. It’s a powerful way restaurants can maximize their revenue and profits with a “right price at the right time” model. Smart pricing encourages optimal capacity without sacrificing customers eager to patronize your business — here’s why.

Pricing 52

Pricing Loyalty Program Point of Sale Cash Management 52

Indoor Media

JULY 25, 2020

Need to increase your auto repair shop profits? While it takes some extreme discipline and patience, your shop can be more profitable with just a few changes. Here are 6 ways to reduce cost and increase revenue that actually impact your bottom line. 6 Ways to Increase Auto Repair Shop Profits.

Advertising 166

Advertising Coupons Customer Service 2008 166

ChefMod

APRIL 29, 2024

These insights are crucial for adjusting menus, pricing strategies, and marketing efforts to boost profitability. This flexibility is invaluable for dingle and multi-location restaurant operations alike, providing a centralized view of all activities without the need for physical presence.

Technology 52

Technology Management Management Food Supply 52

Modern Restaurant Management

DECEMBER 28, 2023

How Sweet : No meal is complete without a little something sweet after (iykyk), and this year’s favorite treats spanned an array of decadent desserts. this year was all about finger foods, with many indulging in items best enjoyed without utensils, like mozzarella sticks, wings, pepperoni pizza, and chips & queso.

2024 189

2024 2023 Food Order 2013 189

Perfect Daily Grind

MAY 5, 2023

The report highlights the company’s key environmental and social sustainability activities from last year, including increasing global purchases of certified and verified responsibly-sourced coffee by 9% – amounting to an increase of over 19.5 Luckin Coffee reports 84% year-on-year increase in 2023 Q1 revenue. million lbs.

2023 140

2023 Airlines Certification Seminar 140

Modern Restaurant Management

JANUARY 25, 2022

Prices for raw products were consistent, and while there were fluctuations, it was nothing like today. Therefore, the three key questions to ask are: Will this investment increase our revenue? Will this investment increase our efficiencies? In other words, go for the same effect, but at a much lower price.

2022 189

2022 Webinar Food Safety Food Order 189

Restaurant365

JUNE 17, 2022

In running a business, there are three basic levers that operators can pull to increase their bottom line. You can grow sales, lower costs, or increase margins. Getting new customers in the door is certainly one way to increase sales, but you don’t have to rely on new business to increase your top line. Analyze Comps.

Employee Relations 78

Employee Relations Seasonal Menu Customer Service Food Order 78

Modern Restaurant Management

JANUARY 30, 2023

Technologies such as the Internet of Things (IoT) can help them maximize 2023 financials by: Offering a better experience to diners and employees Increasing efficiencies and lowering expenses These technologies empower restaurants in various ways—from automating tasks to identifying emerging risks.

Technology 189

Technology Fast Casual Waste 2023 189

Modern Restaurant Management

AUGUST 10, 2021

Most restaurateurs have increased the wage for their staff, in the hope that they can retain both current and new employees. There are even those who have added bonuses and perks on top of the increased pay. Without a human intermediary, the kitchen receives the order the instant it is placed at the kiosk.

Ordering 237

Ordering Recruiting Employee Relations Food Order 237

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady.

2022 218

2022 Customer Service Online Ordering Website Management 218