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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

Once you have that total, subtract all of your costs, such as labor, inventory, rent, utilities, and other operating expenses. It's also important to remember that profit margins for bars can vary widely based on factors like your pour cost and operating expenses. This final number is your net profit.

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Improve Your CX and Reduce Operating Costs with a Simplified Payments Strategy

Modern Restaurant Management

Whether you own or operate a bar, restaurant, hotel, resort, casino, or sports venue, your ability to control costs and deliver a satisfying CX depends on many factors. Can they order goods or services from their phone? “Complexity is the enemy of execution,” according to business and life coach and author Tony Robbins.

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5 Reasons NOT to Order Restaurant Supplies from Cheetah

Cheetah

Operators who are opting out of the traditional big supplier-small restaurant relationship have good reason to do so. Operators working with old-school distributors like US Foods are used to chatting with their reps 3-4 times a week for 40 minutes or more. You can simply place an order through the app anytime before midnight.

Supplies 148
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The Devil is in The Detail – providing avenues for asset growth through F&B operational excellence

Future Food

As a Food and Hospitality Consultant working with shopping centres, mixed use development and stand-alone businesses in Australia, I share with you the many operational challenges I see across many different sectors. Future Food and the Sydney Fish Market are working together to ensure an exceptional level of operating standards.

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The American Restaurant 2022 (Post Pandemic)

Culinary Cues

There are numerous multi-billion dollar chains along with countless mom and pop operations that do a great job on this front. During the pandemic – those operators who have been able to convert their operations to take out, curb side, or delivery using third party providers like GrubHub and Uber Eats have hit the nail on the head.

2022 380
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Understanding Restaurant Finances & Financial Statements in 2024

7 Shifts

As an operator, you must have a firm grasp on your revenue, expenses, and profitability if you want to be part of the 20% of businesses that find long-term success in the industry. For instance, conducting daily and weekly inventory checks regularly and keeping accurate records helps you order just what you need.

2024 221
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The Rise of Exclusivity: VIP vs Traditional Discounting

Modern Restaurant Management

Programs that enable data capture, incentivize direct ordering in the wake of third party delivery (saving countless dollars in commission fees), and drive engagement have the ability to create compelling enticements without relying heavily on expensive discounts. Additionally, the Backdoor “Secret.”Menu million members to 27.4