Lavu

JUNE 6, 2025

Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments. However, finding ways to negotiate lower rent or insurance rates, or to optimize equipment usage can help to reduce fixed costs. and then divide that by the total revenue generated by the restaurant.

Loyalty Program

Paper Chase Accountancy

JULY 25, 2025

Here, financial reporting isn’t merely about compliance; it’s the strategic backbone supporting dynamic pricing models, intricate seasonal forecasting, a vast web of vendor relationships, and operations that are inherently labor-heavy. Recipe costing: To understand the true cost of each menu item.

Hospitality

Modern Restaurant Management

MARCH 11, 2025

From a legal perspective, Insurance : the pandemic highlighted the limitations of insurance policies. Several high-profile restaurant groups brought litigation against insurance companies for their coverage position, but were ultimately unsuccessful. Innovate or die was the new mantra.

Mobile Ordering

Paper Chase Accountancy

JUNE 30, 2025

Bars typically have a simpler food menu but a more complicated drink menu, while restaurants deal with a more extensive food inventory and simpler drink lists. Furthermore, insurance costs can skyrocket due to the increased risk of incidents at nightclubs. This affects how inventory is tracked and costed.

Bar

Lavu

JUNE 26, 2025

Whether you’re a seasoned operator or just getting started, understanding the numbers behind your business can mean the difference between breaking even and breaking records. Occupancy Expenses: This refers to fixed costs like rent, property taxes, utilities, and property insurance. This amount does not include restaurant labor costs.

2025

7 Shifts

APRIL 7, 2021

After months of quarantine, restaurants were allowed to reopen with new restrictions, and the way they hire, train, and onboard employees had to adjust accordingly. These actions called for creating different ways to train employees based on certain aspects of the job.

Training

Culinary Cues

SEPTEMBER 30, 2024

During an election year there is always a focus on what both parties call: “kitchen table issues” – the cost of groceries, mortgage, insurance, child-care, energy, and education, and how much is left for disposable income to be spent on the things we would like to do vs. what we have to do. Reverse engineer your menu from this perspective.

Pricing

7 Shifts

JULY 12, 2024

Fixed costs Fixed costs are expenses that remain constant, including rent, insurance, and utilities. If transferring isn’t an option, you can try to reduce other fixed costs like insurance premiums. . Train your staff to use ingredients efficiently and plan your menu to minimize waste. Constantino writes.

Food Truck

7 Shifts

AUGUST 7, 2024

Why it matters Restaurant Food Cost Percentages Calculate Food Cost Percentage Food costs vs Prime costs Menu Changes and Seasonality Strategies to Reduce Your Food Costs Food Cost Management Tools FAQ What is food cost? It is affected by seasonality, market prices, and even pop culture. Table of Contents What is it?

Food

7 Shifts

APRIL 23, 2021

Do you need a prep cook or a chef to help develop a new patio menu ? Benefits like health insurance, pet insurance, or retirement plans. Seasonal employees that are eager to return. Hiring 51 percenters today will save training time and dollars tomorrow,” writes Meyer. Ace Onboarding and Training.

Hiring

7 Shifts

AUGUST 2, 2024

By tracking metrics like customer retention and employee turnover rate, contribution margin, and menu item profitability, restaurant managers can identify each area’s strengths and what areas need improvement. Use this data to establish clear and specific goals and adjust your strategies as needed.

Point of Sale

7 Shifts

AUGUST 18, 2024

Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. Why is Food Cost Important?

License

7 Shifts

MARCH 16, 2022

If a staff member is going through a messy break-up or is in the thick of exam season, encourage as harmonious a work-life balance as possible. Take note of employees who demonstrate initiative, integrity, or management potential and present them with special projects, training responsibilities, and other developmental opportunities.

Front of House

Modern Restaurant Management

MARCH 11, 2020

.” The 25th edition of Scoop features products designed to help bar-and-grill operators easily get creative and innovate with their menus, with elevated, upsell-worthy versions of their traditional bar-and-grill fare. ” Spring Scoop highlights include: Elevated, Upsell-Worthy Bar-and-Grill Favorites. Plant-Forward Offerings.

Bar

7 Shifts

APRIL 1, 2020

If you need a therapist, see what your health insurance covers, look up providers, and inquire about their availability for virtual sessions. If you own a restaurant and have closed it temporarily, work on a new menu. If you already see a therapist, ask if they offer virtual sessions. Set goals for yourself.

Social Media

7 Shifts

JULY 5, 2024

For instance, if your restaurant P&L statement shows that your food costs are 40% of your revenue, which is higher than the industry average of 30%, you can start by analyzing your menu and identifying high-cost, low-profit items. Another example is knowing which menu items are most profitable.

Cash Management

Modern Restaurant Management

AUGUST 5, 2020

“I wanted to make sure the whole menu, flavors, and even the packaging was on point,” said Tyga. ” The online menu offers crispy, oven-baked chicken bites in three different spice dusts including Black Garlic, Lemon Black Pepper, and Peri-Peri, a mix of tangy, sweet and spicy. Contest Details.

Food Safety

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%. You can also use this to keep track of other costs, such as insurance, license fees, repairs and maintenance, and the actual costs you incurred for a better and closer comparison.

Point of Sale

Modern Restaurant Management

SEPTEMBER 27, 2024

Coping with seasonality and fluctuations in business (37 percent) Economic instability impact on F&B businesses This could indicate that a period of inflation in the US, initiated by COVID-19, may well have impacted small businesses in this industry. Most common challenges for US F&B business owners: 1.

Food Truck

7 Shifts

MAY 2, 2023

That discrepancy was most noticeable during the holiday season, when the restaurant is busier than ever. And now we've coupled that with going into this year with clear base pay rates and abilities to achieve raises for all positions that are based on education and training. Holiday weeks are crushing. What does that look like?"

Front of House

Restaurant365

MAY 26, 2020

Your CoGS is made up of the products you purchase to make the menu items you sell. Your labor cost includes labor expenses such as wages for both salaried and hourly employees, payroll taxes, health or workers compensation insurance, and any benefits you offer. Employee Wages + Taxes + Benefits + Insurance = Total Labor Cost.

Point of Sale

Modern Restaurant Management

NOVEMBER 1, 2019

Same menu, same location, just a new building – and you see how people really flock back to the brand. " Macaluso hired Cypress to insure a consistent and disciplined approach to the process. ” In addition to menu innovation, Coolgreens has implemented many changes. With growth comes evolution.

Franchising

Modern Restaurant Management

JUNE 28, 2024

“Our data indicates that QSR burger chains have generally been the hardest hit by the California increase in minimum wage and subsequent increase in menu prices,” writes Hottovy. The chain benefits from a combination of high perceived value through its “3 for Me” menu and service strength through employee retention.

2024

Touch Bistro

AUGUST 11, 2021

if the company provides health insurance). You’ll also need to adjust payroll for higher contributions to workers’ compensation and liability insurance. To combat a rising restaurant hourly wage, many restaurateurs usually do one of two things: Raise menu prices across the board Fire staff. Trim Your Seasonal Staff.

2021

Open for Business

SEPTEMBER 2, 2024

It’s an all-important metric that influences everything from menu pricing to operational decisions and beyond. Is there a seasonal pattern? Measure the impact of changes: Did that new menu item boost your profits? Overhead costs are fixed costs including rent, utilities, equipment leases, and insurance.

Point of Sale

Lavu

MAY 30, 2025

Most restaurants have regular overhead costs in the following categories: Rent Utilities Advertising Equipment costs Services fees Salaries Hiring and training Knowing your expenses is the first step to cutting expenses. To reduce restaurant overhead costs, limit your menu offerings so you can carry fewer ingredients.

Cash Management

Restaurant365

JUNE 17, 2020

The restaurant industry faces a lot of industry-specific regulations on payroll, with laws regulating hourly employee scheduling and tipped wage workers, as well as compliance with the Affordable Care Act regarding seasonal and variable hour employees. Employee insurance. Ensure Your Staff Is Properly Trained and Reduce Overstaffing.

Tip Distribution

Restaurant365

OCTOBER 23, 2019

Labor costs include the total wages your employees have earned during that specific period of time, payroll taxes, benefits, and insurance. Labor: Employee Wages + Taxes + Benefits + Insurance = Total Labor Cost ($6,000). Tracking prime cost monthly helps you make informed adjustments about menu prices, inventory, and scheduling.

Point of Sale

BNG Point of Sale

SEPTEMBER 2, 2021

The costs in this budget include the rent payments, the salaries, insurance, property taxes, and everything else. Business insurance . Improve employee efficiency: Improperly trained staff can cost your restaurant in many ways. There are three types of overhead expenses, namely: . Alcohol licenses . Business licenses .

Employee Relations

Sling

MARCH 9, 2021

Seasonal workers and some interns are classified as official employees for tax and payroll purposes. Health insurance, 401k contributions, and other fringe benefits such as profit sharing, childcare, student loan payoff assistance, and many more can have a significant impact on your bottom line. 3) No Need For Benefits.

Definition

SpotOn

JULY 31, 2024

Our collective goal was to source the best ingredients, give credit to the farmers, and train our staff to tell the story of the greatest avocado ever grown. Added service fees, health ordinance fees, and gratuity-included menus are now common as restaurants are looking for ways to appease their guests and keep menu prices low.

Food

SpotOn

JULY 29, 2024

It's also used to offset employee health insurance costs or ensure more equitable compensation for back-of-house staff members. Cover operational costs The long list of restaurant overhead costs includes rent, utilities, insurance, credit card fees, linen, disposable goods, internet, and other costs. They're hardly new.

Tip Distribution

SpotOn

FEBRUARY 13, 2024

Any seasoned restaurant owner knows a great team is crucial to smooth operations and outstanding guest experiences. Retaining your employees doesn’t just save you time reviewing applications , interviewing, and training but also money. Training your staff is one of the many to-dos before opening a restaurant.

Employee Relations

Apicbase

JUNE 16, 2023

For example, you can use sales data to track trends in customer spending and identify your most profitable menu items. On the other hand, if your restaurant operates with a seasonal menu, quarterly metrics could be more revealing. Consider menu engineering software as your strategic ally. Ideally, variance should be zero.

Point of Sale

Modern Restaurant Management

APRIL 7, 2020

Ensuring business interruption insurance covers COVID-19. Right now, restaurants aren’t receiving the benefits they deserve from insurance companies. The fund is also intended to assist restaurant workers who will not qualify for unemployment insurance or the federal stimulus payment because of immigration status or other issues.

Tip Distribution

Modern Restaurant Management

JULY 27, 2020

With cuisines ranging from Mexican and Italian to Asian Fusion and Classic American, the designed-for-delivery, easy-to-prepare menus include items such as burgers, fried chicken, rice bowls, gourmet salads and more. Sampson, partner at Leech Tishman in the firm’s Insurance Coverage and Litigation Practice Groups. ” V? .

Franchising

Modern Restaurant Management

AUGUST 16, 2021

Government data provides evidence that restaurants are raising menu prices to help offset higher labor costs. Despite these efforts, some wineries are finding that the property insurance they once relied on is no longer available or is prohibitively expensive. The State of Gift Cards. Paytronix Systems, Inc.,

2021