ChowNow

MAY 9, 2025

Factors like portion size, seasonal ingredients, and market price changes all affect this number, which is why inventory management and regular updates to your recipes and pricing matter. Fixed costs like rent, property taxes, insurance, and utilities are all part of your occupancy costs.

Operations 195

Operations Email Marketing Food Supply Seasonal Menu 195

7 Shifts

JUNE 4, 2021

Inventory turnover ratio. Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. To calculate your COGs, you need the following numbers: Beginning Inventory, or the value of the inventory you start with. Break-even point.

Point of Sale 416

Point of Sale Inventory Employee Relations Customer Service 416

ChowNow

APRIL 15, 2025

Examples include: Rent or mortgage payments Insurance premiums Loan payments Salaried employees (like general manager or executive chef) Because theyre consistent, fixed costs are easier to budget for, but that also means theyre harder to reduce without significant structural changes.

Operations 195

Operations Online Ordering Customer Service Customer Experience 195

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. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. Indeed, controlling restaurant costs is one of your biggest challenges.

License 370

License Equipment POS Food Supply 370

Modern Restaurant Management

MARCH 3, 2022

Low-power IoT solutions, in particular, offer added benefits because they draw much less power than higher-price cellular or Wi-Fi-enabled solutions to transmit data, which means devices last longer without the need for replacement batteries, resulting in a lower total cost of ownership. Each year, insurers pay out $2.5

Food 530

Food Food Safety Customer Service Customer Experience 530

Harbor Touch

MARCH 18, 2025

Ive tossed meals into inventory totals and shaved taxes that way. Deduct the cost, not staff time or full price. Staff pay: salaries, insurance, bonuses. Insurance: property, liability. Choose the bigger win. Employee Meals: Free Food, Free Savings Feeding staff on-site? Keep it separate or bundled with food costs.

Point of Sale 138

Point of Sale POS Restaurant Law Equipment 138

Restaurant365

AUGUST 19, 2021

Restaurant accounting covers all areas of your business, even inventory. While you may think of your restaurant inventory as part of operations, restaurant inventory management should also be considered an accounting function. So, inventory has an important place in your restaurant accounting.

Inventory 147

Inventory Management Management Employee Relations 147

Modern Restaurant Management

JANUARY 31, 2025

The research found that businesses worldwide – particularly restaurants – intend to experiment more in 2025, especially with customer retention programs like loyalty, as they face the triple challenge of sustained high inflation, shrinking consumer wallets and the need to raise prices across the board. percent decrease in claims.

Marketing 221

Marketing Loyalty Program 2024 2025 221

Lavu

JUNE 6, 2025

With rising ingredient prices, labor shortages, and tighter margins, operators must find strategic ways to reduce restaurant costs without compromising quality or customer experience. Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments. Food cost control is crucial.

Loyalty Program 78

Loyalty Program Waste Recycling Inventory 78

Modern Restaurant Management

DECEMBER 31, 2024

The primary response was menu price increases, with nearly 61 percent of respondents adjusting prices to cope with the new reality. With alcohol sales shrinking, restaurants must reevaluate their offerings, menus, and inventory management to maintain profitability. Traffic stayed in positive territory (+1.3 percent YOY.

Franchising 221

Franchising Franchise 2024 Mobile Ordering 221

7 Shifts

JULY 21, 2020

Healthcare costs: group healthcare benefits, insurance premiums, etc. Whether your restaurant needs to finance payroll, inventory, or a new electric skillet, these loans can make it happen in a jiffy. You can use your business line of credit to finance just about anything: payroll, rent, equipment, inventory, and more.

Cash Management 300

Cash Management Government Small Business Healthcare 300

Modern Restaurant Management

DECEMBER 10, 2019

You can safeguard your business by maintaining a contingency fund and by paying for insurance. Make sure you do not stock a lot of high-priced and low-margin items. Keep an optimal level of inventory to minimize waste. You can use cloud accounting software as it provides an up-to-date, comprehensive picture of cash flow.

Cash Management 312

Cash Management Seasonal Menu Social Media Small Business 312

ChowNow

AUGUST 19, 2024

There are multiple sources for inflow and outflow, including: Cash Inflow: Sales Revenue Catering Services Business Loans Cash Outflow: Employee Payroll Inventory Costs Rent & Utilities Your total cash flow is the inflow minus the outflow: Total Cash Flow = Cash Inflow – Cash Outflow Obviously, you want to make more money than you spend.

Cash Management 195

Cash Management Management Management Inventory 195

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. Food and Inventory Costs. By combining inventory management tools with restaurant employee scheduling software , you can get a better grip on the costs you can control.

Seasonal Menu 195

Seasonal Menu Consumer Goods Food Supply Inventory 195

EATER

JANUARY 21, 2021

In a letter to shareholders from October 2019, Grubhub CEO Matt Maloney said “listing restaurants on platforms without any partnership allowed other players to expand restaurant inventory rapidly,” and that Grubhub would be following suit. Postmates joined them by raising prices between $.50 Uber and DoorDash already raised fees.

Delivery 335

Delivery Customer Service Food Order Online Ordering 335

7 Shifts

AUGUST 18, 2024

Make sure to get quotes from multiple suppliers so you can compare prices and services. Pricing should match your target market and theme. A cocktail bar can have higher prices while a local neighborhood pub probably can't. This will give you a good idea of their product and service. Keep it simple.

Bar 370

Bar License Email Marketing Customer Service 370

SpotOn

FEBRUARY 26, 2025

Your P&L line items should be consistent with the ones on different platforms—POS, inventory management, and accounting software. So you have your bartenders work on their pours and you raise prices on three popular reds. Think of your lease, insurance, and licenses. That may be too high. Occupancy costs.

Point of Sale 88

Point of Sale License Insurance POS 88

The Food Corridor

MARCH 3, 2025

These licensed commercial spaces give operators a place to store inventory, prep food, and clean their equipment—ensuring they meet health codes and run efficiently. Food Liability Insurance Program ( FLIP) offers affordable coverage, designed for small food businesses.

Food Truck 52

Food Truck Kitchen Safety License Food 52

Restaurant365

MAY 26, 2020

To calculate your CoGS totaled during a given period, you can use the following formula: Beginning Inventory + Additional Purchases Made During the Period — Ending Inventory = CoGS. As you reopen your dining room, it is more important than ever to stay on top of your inventory management.

Point of Sale 148

Point of Sale Employee Relations Inventory Insurance 148

Modern Restaurant Management

JUNE 28, 2024

The main takeaway: It’s led to higher prices and lower foot traffic at many of the state’s dining establishments. “As a result of the minimum wage increase, most chains have raised prices in the region anywhere from the mid-single digits to the midteens,” writes Hottovy. percent lower than the national average.

2024 294

2024 Mobile Ordering White Paper Food Order 294

Restaurant365

FEBRUARY 25, 2020

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. With greater labor costs, FSR can fall into the 3-5% profit margin range, depending on restaurant size, menu item prices, turnover rates, and location.

Loyalty Program 183

Loyalty Program Point of Sale Fast Casual Online Ordering 183

7 Shifts

SEPTEMBER 16, 2024

No matter the cause, selling a restaurant requires careful preparation and strategy to ensure you get the best price and attract the right buyer. If your business is priced too high, buyers may overlook it. How to compute your restaurant’s value An accurate valuation sets a solid foundation when selling a restaurant.

2024 195

2024 Document Point of Sale Cash Management 195

7 Shifts

MAY 23, 2024

Food cost percentage When deciding how much to price your menu items, TouchBistro advises keeping the food cost percentage anywhere between 20% and 40%. Solutions can include preparing for possible changes in pricing, staffing, customer trends, and new technology. Most restaurants try to keep it at around 30% to be safe.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Employee Relations 221

Modern Restaurant Management

AUGUST 5, 2020

In recent months, they have been advising clients on issues ranging from Paycheck Protection Program (PPP) loans to reducing and rehiring employees to recovering losses from insurance companies and renegotiating leases. Selvin (insurance and business interruption) and Elliot N. Other members of the new practice include: Randy S.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

Restaurant365

JULY 24, 2020

Third-party apps can take 30% of your delivery earnings and in-house delivery has its own costs, such as salaries, vehicle maintenance, gasoline and insurance. You’ll also need to check with your insurance carrier to ensure that you’re covered for off-premise activity. Factor Delivery Costs into Your Ghost Kitchen Menu Prices.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Restaurant365

FEBRUARY 19, 2020

Non-controllable costs, like the fixed costs of rent, insurance, and salaries, are predictable expenses. Controllable costs, like your prime cost of food and labor, fluctuate over time with vendor prices, sales, and other external factors. Occupancy expenses: fixed costs like rent, property taxes, and insurance.

Point of Sale 120

Point of Sale Cash Management Consumer Goods Inventory 120

Restaurant365

DECEMBER 17, 2019

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. Fixed costs such as insurance, rent, and loan payments do not fluctuate month to month. It includes tools for scheduling , inventory control , fixed asset management and more.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

EATER

AUGUST 16, 2023

All for a price, of course. My COO stayed on, unpaid but on the company’s health insurance plan for another year, while we had to let the brand ambassador go in the middle of the summer of 2020. But that ended on December 31, 2022, when I ceased all operations for an unspectacular reason: I ran out of inventory.

Point of Sale 246

Point of Sale Front of House Back of House Online Ordering 246

The Food Corridor

SEPTEMBER 14, 2020

The way to mitigate the risk is to take out a robust insurance policy. However, anyone who’s dealt with an insurance broker probably knows how painful this experience can be. An insurance company’s job is to calculate risk and figure out how much to charge you based on the risk level of your business.

Insurance 52

Insurance Food Truck Food Catering 52

The Restaurant Group

SEPTEMBER 16, 2020

Now more than ever, health insurance is essential to employees’ wellbeing. Unsurprisingly, as sales sharply declined, many establishments found themselves with sitting inventory. As always, the industry’s ingenuity shined through as many restaurants began to offer their inventory up for sale in creative ways.

Online Ordering 148

Online Ordering Delivery Point of Sale Customer Service 148

Cheetah

OCTOBER 3, 2020

These include being familiar with health guidelines issued by the CDC, reevaluating the value of labor, integrating new technologies and rethinking inventory. The value of labor Social distancing Hygiene and sanitation Technology solutions Optimizing your inventory. Optimizing Your Inventory. Indoor Dining and Social Distancing.

Inventory 78

Inventory Insurance Cash Management Point of Sale 78

Sling

JUNE 9, 2023

Step Two : Take inventory of all the food supplies you have on hand at the start of the month and calculate a total dollar value for the entire inventory taken. This will be your Beginning Inventory. Step Three : Add the value of any Purchased Inventory you made during the period of choice. You pay $2.04 for the butter.

Operations 78

Operations Food Supply Inventory Point of Sale 78

Restaurant365

AUGUST 25, 2020

Too much inventory. Common fixed costs include: Rent, insurance, and property tax. Keep Inventory Low. If your restaurant sales are not covering your expenses or if you have extra inventory in your walk-in or dry-storage that just isn’t moving, it may be time to update your restaurant menu. High labor to sales ratio.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Lavu

NOVEMBER 8, 2019

See the six ways to control your COGS here , and if you find out that the menu prices aren’t right, learn how to price your menu in three steps. The costs should be built into your menu prices so that at the end of the year, you are not in the red for forgetting the insurance fees or the cost of replacing glassware.

Management 101

Management Management Food Truck Cash Management 101

The Rail

NOVEMBER 29, 2023

New games can come with price tags of $10,000 or more. There are many great vendors with high standards and appropriate inventory. It will be critical that your insurances cover the particular options that you have chosen to offer your guests. Games break and someone has to fix and maintain their working components.

Entertainment 147

Entertainment Bar Equipment Sports 147

Restaurant365

OCTOBER 23, 2019

It’s important to note that COGS doesn’t include one-time, non-inventory-related costs, like repairs for a broken oven, new barstools, restaurant decorations, or utility bills. Labor costs include the total wages your employees have earned during that specific period of time, payroll taxes, benefits, and insurance.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

Restaurant365

MARCH 30, 2020

Expanding “off-premise” insurance coverage. 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. Depending on your specific situation, expanding your insurance can add up very quickly.

Delivery 78

Delivery Operations Insurance Cash Management 78