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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

On the other hand, for lower-cost items like beer, you can bundle or offer happy hour specials to drive more volume and profit. Locally sourced beer is also a great way to differentiate your bar from competitors. You can introduce themed drinks or seasonal specials that keep your customers coming back for something new.

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

We’ll explore the specialized functions, the day-to-day realities of managing finances, and critically, how modern solutions like outsourced bookkeeping and cloud-based tools empower these businesses to not just survive, but thrive and stay profitable in a highly competitive market. Discover best practices and common pitfalls to avoid.

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MRM Research Roundup: Delivery Fraud, the Playground Effect, and Top 100 Places to Eat

Modern Restaurant Management

In one case, Incognia identified a single Samsung device that accessed over 200 accounts to fraudulently return more than $5,000 worth of stolen merchandise. Here’s the key visit data: Source: Placer.ai and our trading partners, means that these special spirits can only be made in their designated countries.”

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MRM Research Roundup: Diner Resiliency, Automation Technology, and Egg Prices

Modern Restaurant Management

based on three key metrics: fast food restaurants as a percentage of total restaurants (sourced from the National Restaurant Association and U.S. Gross merchandise volume (GMV) rose 45 percent in Cleveland during the women’s championship but only 2 percent in Phoenix for the men’s. Nevada residents allocate 21.79

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MRM Research Roundup: To-Go Trends, State of the Plate, and Black Market Reservations

Modern Restaurant Management

Value matters, too—over 80 percent of consumers utilize deals like "Buy One, Get One” offers, combo meals, or real-time specials. Teens continue to prefer energy drinks over coffee and soda as their source of energy. Three-quarters of delivery customers value tech-enabled ordering and payments.

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MRM Research Roundup: Cautious Optimism, Beyond the Burn, and the Taylor Swift Economy

Modern Restaurant Management

Some good news: A lower percentage of operators found sourcing and hiring a top pain point (12 percent), dropping three percentage points. Escoffier Dining Trends Survey To find out how Americans spend on restaurants and takeout, Escoffier, analyzed 2024 consumer dining trends by compiling a list of statistics from various sources.

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The Enduring Appeal of Signature Staples at QSRs and Beyond

Modern Restaurant Management

These timeless menu items have been meticulously crafted and perfected over the years, holding a special place in the hearts (and stomachs) of many. Innovate with core items, throwback campaigns, packaging and merchandise to give newness to the menu. In the $387.5