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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Novice home cooks who want to hone their skills through the step-by-step instructions included with meal kits Meal kits and subscription boxes both offer a steady income stream for restaurants, even during slow seasons. Branded merchandise Selling branded merchandise lets you generate additional income while promoting your restaurant.

2024 243
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Face Pay Network, Restaurant of the Future and The Main Course

Modern Restaurant Management

Creating and optimizing the menu based on US Foods’ exclusive food-costing tools, industry analysis and recipes designed by in-house chefs that focus on both profitability and diner trends. The two companies have joined forces to offer a version of Sally the Robot that will exclusively serve Saladworks’ rotating, seasonal menus.

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How to Lower Restaurant Labor Costs and Boost Profitability: Quick Wins and Long-Term Solutions

ChowNow

As Sukh Singh from 7shifts emphasized during the webinar, gaining insight into your labor costs can help you make informed decisions about resource allocation. If certain menu items often go unfinished, consider reducing portion sizes, which can lead to significant savings over time. Conversely, are you under-serving during peak hours?

Webinar 221
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Understanding Restaurant Finances & Financial Statements in 2024

7 Shifts

This involves not only knowing your current financial status but also being able to forecast future trends and make informed decisions based on accurate data. Because the sales report shows the revenue generated by each menu item, you can set your pricing appropriately to maintain healthy profit margins.

2024 221
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Strategies for a Successful Pop-Up Restaurant During Renovations

The Rail

It could be a themed-dining experience , a menu featuring seasonal ingredients , or a collaboration with a guest chef. Create a Limited and Focused Menu With a pop-up restaurant, keeping the menu limited and focused is essential. A smaller menu can improve quality control and offer a more cohesive dining experience.

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Social Media for Restaurants: 20 Effective Strategies To Boost Your Social Presence Online

7 Shifts

Through regular posts, you can remind people of your menu, special deals, and events you’re hosting. Pay attention to which posts get the most likes, shares, and comments, and use those insights to plan your menu and promotions. or "Best drink of the season goes to…" depending on current trends or customer interests.

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4th of July Specials for Restaurants: Promotions and Ideas for 2021

Touch Bistro

They’ll appreciate subtlety, such as a beautiful flower arrangement in America’s favorite colors, or one well-crafted menu with a special of the day. Update Your Menu. You could even partner with a business to offer a meal kit that includes merchandise like a handmade BBQ apron, or a local brewery to offer beer and food pairings.

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