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Is There a Right Way to Raise Prices?

Modern Restaurant Management

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.

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How To Increase Restaurant Sales: 20 Proven Tips & Tactics

7 Shifts

We’ve studied what makes the 20% of restaurateurs successful and categorized them into essential categories, including optimizing your menu, providing unforgettable experiences, hosting events, and improving takeout. When done right, menu engineering can grow your sales by as much as 15% !

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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

The restaurant business is one of the most competitive industries, and this shows in the fact that only 20% of restaurants succeed in the market. Food cost percentage When deciding how much to price your menu items, TouchBistro advises keeping the food cost percentage anywhere between 20% and 40%.

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Boosting Profits One Sip at a Time: The Power of Specialty Beverages

Modern Restaurant Management

While three in four survey respondents believe restaurant prices are higher, other factors, such as flavor, outweigh price when ordering specialty beverages, particularly in the full-service segment. During a time of increased price sensitivity, beverages create an opportunity to increase the total check.

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How Does the Seasonal Transition Affect Produce Price and Availability?

Modern Restaurant Management

Have you ever wondered how, despite changing climates and seasons, the same leafy greens you use in your menu items are available year-round? Production lines then turned these greens into fresh cut salads, which captured the market share with a near 80 percent take. How Produce Markets are Impacted by the Transition.

Pricing 186
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How to Raise Restaurant Menu Prices without Negative Pushback

Ken Burgin

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. Setting prices is approached with fear and anxiety by many restaurant and cafe operators, but it’s a unique opportunity to use your marketing and financial skills and make more money.

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Dynamic Pricing Technology: Why Restaurants are Finally Paying Attention

Apicbase

Restaurants often cater to their most loyal patrons , and because loyal and first-time customers alike tend to pay attention to how much they’re paying for their food, changing menu prices is risky business for restaurants. As a result, dynamic pricing in restaurants hasn’t been common in the past. What is Dynamic Pricing?

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