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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

A bar is a profitable business option if you’re looking to enter the food industry. You can also bundle drinks with appetizers or small bites to encourage higher-ticket sales. You can promote your bar as a venue for small or large gatherings that provides specialty drinks or signature cocktails for these events.

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Boost Your Restaurant Business with Five Local Marketing Tips

Modern Restaurant Management

The pandemic has ravaged many businesses in the country and few industries were hit as hard as the restaurant industry. So it makes good business sense to revamp your marketing strategies. The Pandemic and the Restaurant Business. Thousands upon thousands of restaurants were forced to close for safety reasons, some permanently.

Marketing 568
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Enticing Restaurant Customers with Loyalty Programs and SMS

Modern Restaurant Management

Marketers and business leaders have heard the saying, “It’s cheaper to keep a customer than acquire a new one.” Consumers today are digitally-focused and don’t want to rely on those practices — neither should businesses. It’s easy to segment lists and target audiences with personalized outreach.

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How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Employees designated as receivers should be able to both recognize various quality levels of merchandise and be trained how to handle the necessary paperwork and any digital recordkeeping. Setting up a strategic organization system, depending on the types of inventories in restaurant businesses, can help manage ingredients’ shelf life.

Inventory 451
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From Ghost Kitchens to Living Kitchens: A New Vision for Food Service’s Next Great Space

Modern Restaurant Management

If your cooks are mostly fulfilling off-site orders, you can do away with niceties like a slick front of house, visual merchandising, and a location with hungry walk-ins. Such things come with a price tag, and with margins already thin, those resources are typically deployed elsewhere to acquire new business.

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MRM Research Roundup: Mid-April 2020 Edition

Modern Restaurant Management

As more restaurants focus their undivided attention on their off-premise offerings and guests adapt their consumption to this new environment, plus some of the government relief measures take effect, some small improvements may lie ahead.” ” Guest Counts Plummet as their Guests Shelter in Place. Same-store traffic fell by 29.2

2020 491
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The Recipe for Rebranding Success: Transforming Your Restaurant’s Image

Modern Restaurant Management

Define Your Reasoning A rebrand allows a company to start fresh with a new logo, website, or marketing strategy that better matches its business plan. Example: Jay’s BBQ knows they want to attract tourists and make their restaurant feel more high-end and reputable for them, instead of feeling like a small-town restaurant.