Remove Merchandise Remove POS Remove Take-out
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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

Take note that this is the net profit margin for bars, meaning it takes into account all of your expenses and is the true bottom line that shows how much money your bar is actually making. Use your POS data to analyze your busiest times and days to identify when you need more staff on hand.

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How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Integration between the POS and inventory management software allows inventory to be managed from end-to-end by automating steps such as tracking recipes, uploading invoices and auto-updating item prices. When training staff on inventory management, part of the training should also focus on concepts like first in, first out (FIFO).

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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

Take it one step further by diving into their lifestyle habits and spending patterns. Reference secondary research studies or create your surveys and questionnaires to send out to a select group of people! When scoping out the zones, take note of which areas have already existing coffee shops. Don't stop there!

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Publish Your Website with These Best Restaurant Website Builders

7 Shifts

Cons: Creating your website can take up a lot of time out of your busy schedule. With so many website designers and developers out there, how do you know whom to trust? All of the websites Bentobox designs for its clients are mobile-friendly and incorporate SEO to help them stand out in local searches.

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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

This could take the form of creative blended financing structures, open innovation platforms, infrastructure partnerships, and commercial collaborations as the industry enters its next phase of maturity. This will be done optionally depending on the customer's preference to opt in or opt-out of data collection.”

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8 Tips for Selling Merchandise at Your Coffee Shop

Lavu

Coffee shops have a unique customer base that stands and waits patiently (we hope) for their lattes—and not selling merchandise is a lost business opportunity. Calculate the average length of time one coffee takes to make. Done right, merchandise can do more than generate a steady stream of revenue; it can elevate your brand.

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How to Lower Restaurant Labor Costs and Boost Profitability: Quick Wins and Long-Term Solutions

ChowNow

By applying both the immediate and long-term solutions discussed, you can take proactive steps toward reducing labor costs and boosting your restaurant’s profitability. By monitoring your Point of Sale (POS) data and comparing this with labor expenses, you can identify inefficiencies.

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