This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Menu pricing isnt just about covering costsits about finding that sweet spot where profitability, customer perception, and operational reality meet. Understanding the Key Factors in Menu Pricing Before you develop your menu pricing strategies, its important to ground your decisions in the numbers.
Understanding your target market is the foundation of making smart decisions for your menu, pricing, and overall guest experience. Without a well-defined target market, restaurants risk wasting resources on strategies that dont connect and menu offerings that dont selltrying to appeal to everyone, but standing out to no one.
Have you ever walked into a restaurant, excited for a great meal, but the server can’t answer your questions about the menu? Without the right training, even the best menu or ambiance can fall short due to poor service, leading to dissatisfied customers and lost revenue. Let’s say you run a fast-casual restaurant.
SaaS POS systems offer a flexible, cloud-based solution that helps restaurants streamline operations, reduce costs, and scale with ease. In this post, we’ll explore why SaaS POS is not just a trend but the future of restaurant management. Often the technician would have to visit your premises for the repairs to be done.
The reality is that restaurant teams are busy, and learning a new POS system, delivery app, or inventory tool can feel like one more thing to juggle. Create quick-reference guides. Even after your initial training sessions, new team members months from now will appreciate the handy references. The biggest obstacle?
Personalized restaurant marketing using POS data is a powerful way to drive sales and foster customer loyalty. By tapping into the insights your POS system provides, you can tailor marketing efforts that speak directly to the needs and preferences of your customers. Here’s how: What is POS Data?
Total New Customers refers to how many new customers your restaurant gains during a specific period because of your marketing efforts. Many restaurants use POS systems that can differentiate between new and existing customers based on payment methods or loyalty program sign-ups. Another effective strategy is personalized marketing.
Modern POS systems offer powerful tools to track transactions, monitor staff activity, and tighten inventory control—all in real time. In this post, we’ll explore how your POS system can become a frontline defense against shrinkage and help you safeguard your bottom line. Read more about getting the most out of your restaurant’s POS.
Switching your restaurant POS system doesnt have to mean lost sales, staff frustration, or weeks of disruption. In this guide, well walk you through a step-by-step approach to switch your restaurant POS system quickly and confidently, ensuring your team stays productive and your service uninterrupted. Days 34 : Set up your new POS.
Check references carefully and run quick trials. Give them a week of shadowing seasoned staff, clear checklists like Greet tables in 2 minutes or Check orders before they leave the pass, and a full menu rundownspecials included. Free meals after long shifts or a staff pick on the menu build camaraderie. Small perks go far too.
The POS system is a restaurant's command center. If you run a restaurant, you know this, so you're probably weighing the many options for POS systems carefully. There are the features, support, hardware, and software, upfront POS hardware costs, and monthly subscription fees. What does a POS system do?
Proper cost tracking helps you set profitable menu prices, cut expenses, and manage inventory efficiently. How to track costs : Use tools like POS systems to record prices, calculate recipe costs, and update data regularly. Steps to calculate costs : Determine unit costs, account for waste, and break down menu item costs.
Restaurant owners are rethinking the way they run daily operationsand many are switching to Lavu POS to stay ahead. Lavu offers a cloud-based POS designed specifically for restaurants, helping streamline everything from front-of-house orders to back-of-house reporting. Running a restaurant is hard – but Lavu POS makes it easier.
With increasing awareness of food allergies, allergen management in POS systems has become essential to ensure customer safety and streamline kitchen operations. From labeling allergens to alerting staff in real time, modern POS systems can help restaurants reduce risk, avoid legal issues, and build trust with guests.
Table turnover time refers to the average amount of time it takes for a table to be occupied by different groups of guests. There are numerous ways to improve your table turnover rate, such as implementing efficient reservation systems, optimizing menu design, and training staff to handle table management effectively.
For weekly or more in-depth reporting, accounting software that integrates with your POS system is recommended. Your P&L line items should be consistent with the ones on different platforms—POS, inventory management, and accounting software. Those sales line items should match the ones in your POS reporting.
Let’s start with some basic terms: Cost of Goods Sold (COGS): This is the cost of all the items and ingredients on your menu (Beginning Inventory + Purchased Inventory – Ending Inventory). Occupancy Expenses: This refers to fixed costs like rent, property taxes, utilities, and property insurance.
Tools like Lavu make it simple to adopt and use, offering features like automated stock updates, low-stock alerts, and integration with POS systems. Integration breaks down data silos, allowing systems like POS, kitchen displays, and accounting software to share information efficiently.
Include key milestones like finalizing the lease, completing renovations, hiring staff, ordering equipment, and doing test runs of your menu. Visit their facilities, ask for references, and start with small orders to test reliability. This includes POS systems, inventory software, scheduling tools, and even online review tracking.
Integrated Systems : Syncing POS, kitchen tools, and delivery platforms eliminates errors and speeds up operations. To maximize their effectiveness, place kiosks in high-traffic areas, integrate them with your POS system, and provide staff training to assist customers unfamiliar with the technology.
By tracking sales trends, customer habits, and popular menu items, restaurants can optimize their operations and marketing strategies to drive growth and profitability. Get a Free POS Demo Designed for Modern Restaurants! It’s important that you integrate online orders with your POS system.
This process involves comparing the tips reported by waitstaff with the tips recorded in the restaurant’s POS system. 2 Cross-reference this data with POS system records. For instance, tracking food costs can help identify trends, anticipate price increases, and adjust menu pricing accordingly.
This guide aims to help you navigate the labyrinth of bookkeeping services in Dubai, providing you with the essential insights to keep your restaurant’s finances as tasty as your menu. Look for positive testimonials and references. Verify References : Ask for references and check their credibility.
They are more likely to refer others to your restaurant. Promoting new menu items or events. Many platforms also integrate with your POS system so you can : Track points in real-time. With a mobile app, you also have access to a goldmine of data to inform your marketing strategy and menu development. Getting new reviews.
But it actually refers to all the ways restaurants lose money from theft and supplier fraud to damage, spoilage, and simple operational errors. Yet, many seem to still be grappling with some fundamental questions on the subject: How do you define loss prevention? What are some sound loss prevention strategies?
A new Skip button provides clear navigation for bypassing cross-sale opportunities when relevant while maintaining consistency with existing cross-sale rules and logic across all POS interfaces. Unavailable items are hidden, ensuring a cleaner menu.
A fragmented supply chain is also increasing ingredient costs, leading restaurants to balance staff churn with a changing menu to keep revenue consistent. Product insecurity has created an inconsistent menu, as managers are forced to make sometimes weekly updates to accommodate missing ingredients. For reference, the top four U.S.
For example, it's possible to track when restaurant employees clock in for their shift or which menu item performs the best. Restaurant owners or managers would rather spend time on other meaningful tasks, such as recruiting and hiring, training chefs, or updating daily specials on the menu. Top menu groups, items, and modifiers.
Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady. Simplified Menus. Menu variety plays a substantial role in every dining experience. Health-Conscious Food Will Dominate Menus.
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. Table turnover rate The table turnover rate refers to the number of times you have served new customers at the same table.
Ideal menu price. To put it simply, your cost of goods sold is how much it costs you to produce a menu item. As you add together all of your menu items, you can determine the total cost of everything (to you) that you sell to your guests. Total revenue data, or all of your revenue from income statements or POS sales reports.
“Germs can exist on plastic surfaces for several days, and the newly educated customer base will be sensitive to the notion of being handed a menu that could easily be cycled a dozen or so times during this period,” says Malbec (6). Anti-Microbial POS Screens and other device surfaces may be another component of using digital menus (3).
Changes can trickle down from a corporate level to individual restaurant owners without clear communication to or feedback from those owners, restricting franchisees’ abilities to voice concerns and providing limited time to make necessary adjustments to the menu, sales forecasts, and operations.
Lack of publicity doesn’t just hurt consumers, who must often rely on word of mouth or do their own personal research to find gluten-free restaurants, it also costs restaurants valuable opportunities to promote gluten-free menu items. In most cases, you don’t have to reinvent the wheel to effectively market your gluten-free menu.
Create a Menu. Reference secondary research studies or create your surveys and questionnaires to send out to a select group of people! This includes but is not limited to your equipment, permits, menu, and marketing. Expected menu prices. Create a Menu. Coffee Shop Concepts. Research the Market. Obtain Funding.
Cost of goods (COGS) sold refers to the cost required to create each of the food and beverage items you sell to guests. Another Note: Most modern POS systems have CRM built into their platforms today. If you’re not using your restaurant’s POS system to engage more with your guests, take a time out and go sit in the corner!
Customer retention refers to a restaurant’s ability to retain, or keep, the existing customers that it has. Once you have access to a guest’s contact info, it creates the opportunity to reach them via email or text and let them know about special offers, new menu items, changing hours, and more. How to measure customer retention.
” Menu Anywhere. Zuppler launched Menu Anywhere On-Premise Contactless Ordering on the Zuppler “Menu Anywhere” Platform. Srinivasan continued, “Menu Anywhere On Premise is scalable, can be adapted to different vertical markets and can operate in many environments. TableSafe Integrates with Oracle.
For example, you can facilitate communication between your front-of-house and back-of-house teams through your restaurant’s POS. A new cook’s knowledge of your restaurant’s recipes is reinforced when he references the recipe book. Menus and operating hours can change often.
It will be everyone’s (new and existing employees) guide for instructions, processes and all the answers to common questions, while being a great reference point to ensure staff feel engaged and supported. Detailed instructions on how to use the POS system. Anyone can create a test or questionnaire with Google Forms.
By embracing mobile training platforms, such as PlayerLync, and implementing training within the real-life workspace, the restaurant has access to a variety of integrated technology systems that notify staff of menu or recipe changes as they occur, contributing to employee success and efficiency. References. Up to Date Inventory.
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? This is commonly referred to as a percentage. It all depends on the kind of restaurant and what's on your menu.
Staff scheduling, inventory management, menu analysis , guest satisfaction, profitability, and so much more rest on the shoulders of accurate restaurant forecasting. It's a disruptive experience for guests who need to take time to review the menu all over again and decide on a dish they might not enjoy as much. Get granular.
You'll need to be tech-savvy with using POS hardware, scheduling tools , and other operational software. Engineer Your Menu for Profits Menu engineering refers to the actions you take to create a more profitable menu. Use this technique on your menu by offering recommendations next to a menu item.
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content