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

Touch Bistro

This means your staff won’t be wasting time running back and forth from a stationary POS terminal on a day when you’ll have plenty of guests. An online ordering system that lets you take orders directly from your website, while keeping 100% of the profits. Payment terminals that allow you to accept contactless payments.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

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Trends and Tactics: How to Navigate the Changing Landscape of the European Restaurant Industry

Apicbase

Recommended read: 85+ Restaurant Industry Statistics That Every F&B Operator & Manager Needs to Know in 2023 Here we go! You can use technology to optimise or automate various tasks , such as inventory management and ordering, which helps reduce errors and increase efficiency. Let’s focus on food consistency here.

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Our Guide to Average Gross Profit for Restaurants 

BNG Point of Sale

To calculate your restaurant’s gross profit, you need to subtract the total cost of goods sold (COGS) for a specific period from your total revenue (your total food, beverage, and merchandise sales). So, the first step is to maintain visibility, and that starts with an up-to-date website and Google My Business Listing.

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

Modern Restaurant Management

Modern Restaurat Management (MRM) magazine is collaborating with the team at MarketScale on The Main Course , a podcast that aims to explore the intense and competitive modern restaurant industry. "We Barbara Castiglia , MODERATOR – Modern Restaurant Management. The Main Course. Space is limited, so click here to register.

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10 Keys to Restaurant Survival When Times are Tough

MBB Hospitality

In today’s digital age, a strong online presence with a well-maintained website, active social media profiles, and engaging content can set you apart. These narratives build customer loyalty and can be the defining factor that keeps your tables filled. Use data analytics to understand dining trends and optimize menu offerings.