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
These chefs might know how to source the finest ingredients, but no one’s taught them how to negotiate the price of those ingredients or keep suppliers from quietly eating away at their profits. The reality is, these vendors make a healthy profit off every sale, and many are willing to negotiate if you know how to play the game.
Menu pricing isnt just about covering costsits about finding that sweet spot where profitability, customer perception, and operational reality meet. Set prices too low, and youre leaving money on the table. Most operators aim for food costs to be around 28-35% of the menu price, though this can change from restaurant to restaurant.
Steady Online Ordering Brings Food Waste, Donations to the Forefront of Priorities Ordering food online increases restaurant sales, but it also can potentially increase wasted food if proactive measures aren’t taken – for both the business and consumers at home.
Prices for green coffee have surged, operational expenses continue to climb, and economic pressures show no sign of easing. At the same time, coffee consumers are growing more price-sensitive. Meanwhile, others are considering passing some of the burden onto consumers through higher coffee shop prices.
Read on for predictions from industry insiders that include chili crunch, black limes, newstaglia, stealth health, and elevated snacking. Culinary and Cocktail Trend Forecasts Kimpton is returning with its annual Culinary + Cocktail Trend Forecast highlighting predictions from its global team of restaurant and beverage talent.
A Dilemma of “Super Size” Proportions Amid rising food prices and shifting consumer preferences, the restaurant industry is facing a dilemma of “super size” proportions. chain sales grew just 3.1 percent menu-price inflation rate. At the same time, U.S. percent in 2024 — falling short of the 4.1
One key area to focus on is drink sales, with cocktail sales accounting for about 23% of a bar's revenue. It just goes to show how important drink pricing and cost management are to maximizing profits. Start by tracking all the income your bar generates, including sales from drinks, food, and any additional services.
The more you understand your customers, the better you can fine-tune your marketing and pricing strategies. The more you understand your customers, the better you can fine-tune your marketing and pricing strategies. Restaurants collect a ton of customer data. Or adjust your staffing schedule based on peak ordering times?
Knowing the true cost per serving means you’re not guessing where to set menu prices. Knowing the true cost per serving means you’re not guessing where to set menu prices. Every smart pricing move starts here. Accuracy matters, especially when food prices fluctuate. It’s just part of the job.
Hacienda La Esmeralda won all three main categories, a first for the competition, and achieved record-breaking scores of 97 and 98 points for its natural and washed Geshas, respectively. This set the precedent for future astonishing auction prices, which have since surpassed US $10,000/kg. The BoP auction will take place on 6 August.
For a deeper dive into brand messaging, strategy, and authenticity, creating unified guest experiences, and the orchestration of physical and experiential touchpoints, Modern Restaurant Management (MRM) magazine reached out to The Plaid Penguin’s Founder and Sir Idea Man Joe Haubenhofer. A strong restaurant brand goes beyond a logo.
Around the world, headlines are warning consumers that a sharp increase in coffee shop prices is a real possibility. These figures have sparked debate across social media and news commentary, often framed as a direct result of coffee becoming more expensive to source. I spoke to Samantha Scoles at BRITA UK to learn more.
billion transactions and $67 billion in sales in 2024. In 2024, restaurants across the country saw an average five percent increase in transactions and an average eight percent increase in profits with only four percent caused by price hikes. Companies saw a sales boost in 2024 as loyalty transactions increased by over 30 percent.
Well show you how to leverage: Your local restaurant scene Your restaurants brand Your digital assets The community around you Then, reveal how to measure your marketing efforts so you can continuously refine your strategy and strengthen your connection with customers. Thats why a strong marketing strategy is the key to staying ahead.
As the C price dips to multi-month lows, this challenge may become easier to achieve. New York City, New York, US) Wed, 18 Jun – Coffee futures drop to multi-month lows as illycaffè CEO projects arabica prices to stabilise at US $2.50 cents/lb – the lowest price since late January.
High and volatile green coffee prices , along with increasing operational costs, are creating a more competitive market. In 1924, popular US brand Maxwell House spent the modern-day equivalent of US $4 million on marketing , including sponsored TV shows, which helped increase sales by 85% in just a few years.
So much data is generated at every point within a restaurant, whether fast casual or fine dining. ” Value-Driven Dining for the Modern Consumer – In a time when consumers seek out both quality and quantity, L&L continues to provide substantial portions at an accessible pricepoint.
Green coffee prices remain high, while labour, logistics, packaging, and operational costs have all increased significantly. I spoke with Kacper Ornat and Łukasz Jura at Coffee Machines Sale and Nikolai Fürst at Desarrolladores de Café about why quality control is more important than ever in today’s competitive specialty coffee market.
Heres what wed recommend picking up now before a potential price hike. Spices, coffee, and even chocolate Economists are sweating over the projected prices of food goods such as spices, coffee, and chocolate, all of which are commonly grown or produced outside the US and thus will need to be imported, and thus, subject to tariffs.
50% of restaurant operators say off-premises represents a bigger proportion of their sales than it did in 2019. 50% of restaurant operators say off-premises represents a bigger proportion of their sales than it did in 2019. It's both a way for new guests to discover your restaurant and regulars to reorder over and over again.
In 2025, one of the most powerful tools at your disposal will be your Point of Sale (POS) system. You can monitor sales performance, track inventory, adjust staff schedules, and analyze customer behaviorall from a single platform. Heres how POS systems are evolving and why they should be at the heart of your strategy.
Personalized restaurant marketing using POS data is a powerful way to drive sales and foster customer loyalty. In this post, we’ll explore how integrating POS data into your marketing strategy can boost engagement, improve customer satisfaction, and ultimately increase sales. Here’s how: What is POS Data?
Understanding Accounting for Restaurant Business Methods Although accounting for restaurant businesses is a topic that many restaurateurs try to avoid, it is an essential element of running a business. You cannot manage your restaurant properly without going into the accounting details. But the importance of this administration cannot be emphasized.
Each source offers unique details that can help create personalized experiences: POS Transactions : Use data like item preferences, visit frequency, and average spending to craft tailored promotions. Personalized marketing helps restaurants connect with customers by tailoring offers and experiences to individual preferences.
With rising ingredient prices, labor shortages, and tighter margins, operators must find strategic ways to reduce restaurant costs without compromising quality or customer experience. This calculation involves dividing the cost of food sold by the total food sales and multiplying the result by 100 to get the food cost.
From information in delivery service provider portals such as DoorDash, Uber Eats and Grubhub to BOH operations and store sales figures tracked via POS systems, the data generated by everyday business operations is highly valuable but complex. For restaurants, that means harvesting information from internal and external sources.
Source Vendors and Set Up Inventory Tracking Quality ingredients can set your deli apart from similar businesses in the area. If you are sourcing ingredients and products from multiple vendors, consider investing in inventory management software. One technological element to focus on is your point-of-sale (POS) system.
Increase Direct Online Sales Your online ordering should be easy to find and use on your website. Increase Direct Online Sales Your online ordering should be easy to find and use on your website. When your website houses your menu, hours, location and ordering, it becomes the single source of truth for your business.
The key is consistency: both in terms of the sources of feedback you analyze and – crucially – HOW you analyze it. If you analyze different feedback sources using different tools or methodologies, dont expect to get a clear picture. It means losing real revenue. Heres what we found. So whats the solution?
In this post, well break down five clear signs that your point-of-sale system is holding your restaurant backand what you can do to fix it. Disconnected Systems : Managing multiple order sources without integration causes confusion. Outdated Sales Data : Delayed reporting prevents real-time decisions that boost profits.
Without clear ownership, even the best tool will become a source of friction. They’re also the pressure points. Data & Connectivity Layer: A Single Source of Truth Unify operations and scale. Most restaurant tech stacks weren’t really planned. It’s a reactive process. But that’s starting to change.
According to one source , over half of restaurants currently use or have plans to use AI (artificial intelligence) in their businesses in different ways. AI can even send automated reminders, track points, and deliver personalized offers without you or your staff having to do anything. Are you one of these?
While working hard to bring customers back into the restaurant is very important for success, it has become more important to figure out the third-party equation in terms of pricing, commissions and fees, and value – which is ultimately the difference between success and failure. Tables and chairs take a backseat to efficient space.
Some restaurant chain owners see the transition as a step toward going cashless in the future because restaurant point-of-sale systems make it so easy. With cashless options such as credit cards, mobile payment apps, and contactless payments, customers can make quick and hassle-free payments, reducing wait times at the point of sale.
While revenue growth continued for many brands, macroeconomic headwinds, new tariffs, and shifting consumer behavior led to uneven comparable sales performance. Executive teams focused on supply chain strategy, pricing discipline, and consumer segmentation to weather the turbulence. Traffic growth, selective pricing Yum!
In May, the number of news searches that resulted in no click-throughs was nearly 69%, up 14 points from a year ago, according to Similarweb, implying that people are searching for something, reading the overview and leaving without clicking on anything. Here are some tips and tricks to consider. By Joe Guszkowski on Jul.
Food/Beverage Sales: What percentage of your revenue should be coming from food and what percentage of sales are from beverages. In such an unpredictable environment, it’s not just beneficial, but crucial for operators to understand the fundamental drivers of their business: the numbers.
It starts with accurate pricing, clear dish descriptions, and consistent nutritional information. This includes choosing the right dishes, managing ingredients, setting prices, and marketing the menu effectively. Did you know a poorly managed menu could cost you thousands in wasted food and lost profits each month?
Data Gaps Hinder Pricing Strategies : 73 percent of operators lack full confidence in their pricing strategy, with most relying on gut instinct or competitor pricing instead of real-time cost analysis. On a year-over-year basis, small business sales (+2.1 Month-over-month sales (+0.1 percent) showed healthy growth.
It also zooms in on current challenges faced by owners/operators, menu prices and inflation, and tech/AI implementation. Most Restaurants Increased Sales in 2024 Approximately 63 percent of restaurant operators that manage finances said their profits in 2024 increased compared to last year.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features dining trends, hiring trends, tech trends, brunch trends, alcohol trends, and egg prices. Key data points: The demand for takeout and delivery has slightly outpaced the demand for dining in. Among delivery apps, DoorDash is the clear favorite.
Adjust pricing by demand Enable Dynamic Pricing to increase margins during peak times. It’s your visibility, your reputation, and your ability to convert search into sales. Customer Trends – Identify repeat behavior, drop-off points, and loyalty drivers. Agency vs. Platform: What's the Real Difference? Agencies Talk.
Top stories of the week Mon, 14 Jul – US drive-thru chain Scooter’s Coffee reportedly exploring US $1bn sale. The Omaha-based roaster and retailer hired advisers to evaluate a potential sale or merger of its roughly 445 outlets across the Midwest, seeking capital for further expansion amid intensifying competition.
“It now accounts for a larger share of sales for 58 percent of limited-service and 41 percent of full-service operators compared with 2019—providing a critical path to restaurant resilience and growth despite ongoing economic pressures.” More than 60 percent say they’re ordering off-premises more often than a year ago.
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