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The other notices that lunch sales are soft and figures out how to bump the average ticket size before the dinner rush. When a lunch ticket gets voided because the kitchen missed the allergy note, explain what that mistake costs in food waste, comped revenue, and lost trust. That’s where scenario training comes in.
Restaurants prepare ingredients and schedule staff based on anticipated guest numbers, and when diners fail to arrive, this precision quickly unravels into wasted food and unnecessary labor expenses. Businesses can now utilise reservation platforms that seamlessly integrate booking, point-of-sale (POS), and customer management systems.
Sales of induction stoves are on the rise in the U.S., representing 18 percent of sales in 2023. The courses includes foundational knowledge on emerging green technologies, strategies for waste reduction, and operational efficiencies that align with sustainability goals.
There is an appeal there pointing to the frenzy, intensity, preciseness, and organized chaos of chefs and restaurants vying for public attention. I must admit that I am intrigued and having spent some time around that level of intensity find these operations both exciting and nerve wracking.
Food cost percentage is the percentage of your total food sales that goes toward the cost of the ingredients used to make your dishes. It’s calculated by dividing your actual food cost (what you spent on ingredients) by your total food sales, then multiplying by 100 to get a percentage.
One key area to focus on is drink sales, with cocktail sales accounting for about 23% of a bar's revenue. Start by tracking all the income your bar generates, including sales from drinks, food, and any additional services. Bars that effectively manage their inventory and reduce waste tend to maintain higher margins.
Real-time inventory systems help restaurants cut food waste , save money, and improve operations. Forecast Demand : Use sales data to predict future needs and order the right quantities. Automate Orders : Automatically reorder items when stock runs low, minimizing waste and emergency purchases.
Without KPIs, spotting inefficiencies in your workflow is nearly impossibleleaving you without the data needed to make informed decisions and grow your online sales. For example, train kitchen staff to prepare orders in the order they were received. Staff training: Ensure employees double-check orders before sealing bags.
I came across an old quote from Phylicia Rashad (for those my age – the lead actress in the series “Fame” from many years back) that gave me another opportunity to think about the cooks that I know and have known over the past five (nearly six) decades and why I chose to stand in front of a range. Art is the basis of human expression.”
A spike in food costs, a drop in sales volume, or one slow season can wipe out months of hard work. A spike in food costs, a drop in sales volume, or one slow season can wipe out months of hard work. For example: Lets say your restaurant made $100,000 in total sales last month. What Are Restaurant Profit Margins?
It blends sales data, food cost, and menu psychology to help you stop guessing and start making decisions that grow your margins. If you want to escape the guesswork and increase your monthly profits, you need to use menu engineeringit blends psychology, data, and clever design to help you sell more of your most profitable items.
Standardized Training Programs: Newbies get uniform training with digital training tools across multiple locations. This approach not only makes it easier to train new staff on familiar machinery but also simplifies maintenance and reduces downtime. This ensures optimal stock levels regardless of location.
A single mistakelike forgetting to accept an order on one app while preparing anothercan result in a frustrated customer and a lost sale. These small errors add up, leading to unhappy customers, negative reviews, and wasted food costs. These small errors add up, leading to unhappy customers, negative reviews, and wasted food costs.
Quick-service restaurants maintain a steady customer satisfaction score of 79 (on a 100 point scale), while full-service restaurants — despite slipping 2 percent to 82 — remain one of the highest-rated industries in the Index, according to the American Customer Satisfaction Index (ACSI®) Restaurant and Food Delivery Study 2025.
Start by analyzing these Top 7 POS Sales Reports to know where your restaurant is headed. These reports help you understand sales trends, manage inventory, optimize staffing, and improve customer satisfaction. Sales Exceptions Reports : Spot voids, refunds, and discounts to minimize losses and detect irregularities.
By accurately calculating food costs, restaurant owners can set the right menu prices, reduce waste, and maximize their profits. The food cost formula is a key metric used in the restaurant industry to determine how much a business spends on ingredients compared to its revenue from food sales. Whole Wheat Bun $0.30 Avocado(1/4) $1.20
Hire the Right People and Train Them Well Finding top talent is like casting a winning team. Training locks in that potential. The National Restaurant Association found well-trained staff stay 30% longer. Training builds a stronger team. This isnt just theory from a manual. Staff Management 1. Small perks go far too.
Smart Cost-Cutting Strategies for Restaurants Effective inventory management requires a well-trained, organized team using consistent routines, streamlined processes, accurate par levels, menu cross-utilization, and reliable inventory software to minimize waste and maintain efficiency.
Aside from providing the best dining experience, order-taking accuracy can help you avoid food waste and unnecessary costs. Hiring the right wait staff is one of the most critical decisions for any restaurant owner. Your waiters and waitresses are the face of your establishment, shaping the customer experience and directly impacting revenue.
To learn what’s happening, your first step is to dig into your POS data to confirm the drop-off in sales. You might have dishes that, on paper, aren’t expensive, but generate too much waste or require specialty ingredients that are difficult to sync with a different distributor. A shift in dining trends.
Editor’s note Specialty coffee consumption in the US has reached a 14‑year high. According to the National Coffee Association, 46% of adults in the US reported drinking a specialty coffee in the past day, up 84% since 2011 and surpassing past-day traditional coffee consumption at 42%. London September ICE robusta futures fell by 6.4%
The restaurant industry is evolving rapidly, and outdated point-of-sale systems are no longer enough to stay competitive. How SaaS POS Systems Help Reduce Initial and Maintenance Costs If you had a cash register or a traditional point of sale equipment, you probably spent a significant amount of money on repairs when it broke down.
Gross Profit Margin Definition of Gross Profit Margin Gross profit margin shows the money left after subtracting the cost of goods sold (CoGS) from total sales. Steps to Calculate Gross Profit Margin Find your total sales revenue for a specific period. Subtract CoGS from total sales to get gross profit.
No more wasted hours trying to get it done before service, no more pricing mismatches, and no more frustrated customers wondering why their favorite dish is listed online but unavailable when they order. If your digital menus arent accurate, you risk losing sales to competitors who are more proactive about keeping their menus up to date.
A modern POS system for bars goes beyond just processing paymentsit helps with inventory management, staff scheduling, and real-time sales tracking. This feature automatically updates inventory based on sales, ensuring accurate data at all times. Read on to explore which one fits your bar’s unique requirements.
Wasted food, stock shortages, and manual tracking errors all lead to higher costs and lost profits. Key Ways POS Systems Save Restaurants Money: Real-Time Tracking : Automatically updates stock levels as orders are placed, reducing waste and preventing stockouts. That’s where POS inventory tools step in to help.
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. By closely monitoring and optimizing this percentage, restaurants can better manage their inventory, minimize waste, and lower their overall expenses, ultimately maximizing cost reduction.
By accurately tracking ingredient costs and streamlining menu pricing, it helps restaurants minimize waste, maintain profit margins, and make data-driven decisions. Heres why recipe costing integration matters: Real-time tracking : Automatically updates ingredient costs and inventory levels to reduce waste and improve accuracy.
Increases Sales : Personalized recommendations drive purchases. Reviewing Customer Data Dive into your POS system’s sales reports to better understand customer habits. Key areas to review include: Sales trends : Spot your best-selling items and figure out the ideal price points.
Sales tax, payroll taxes, income tax – the list is extensive. Profit margins are notoriously narrow, and navigating the complexities of expenses, payroll and tax compliance can make or break even the most promising culinary venture. In this high-stakes environment, an annual scramble to sort out finances is a recipe for disaster.
While manual tracking may seem like a simple solution, it often leads to errors, wasted time, and unnecessary costs. In contrast, POS inventory alerts use real-time updates, automation, and analytics to save time, reduce waste, and improve accuracy. It can slow down operations, increase costs, and hurt profits.
But simply gathering data points isnt enough. You might start with a known problem area, such as sales discrepancies, or focus on everything that affects one sector of your operations, such as staffing. Specify what data points you want to track and what numbers qualify as an exception. Train your team.
Use your POS system to analyze sales, profitability, and trends. Here’s how: Identify Top Performers : Track sales volume and item rankings to spot customer favorites. With tools like Lavu ‘s cloud-based POS, you can simplify data analysis and make informed changes to boost sales and profits.
Modern point-of-sale systems go beyond order processing—they streamline operations, reduce bottlenecks, and improve table turnover. Staff training is equally important. Likewise, Domino’s app has become a sales powerhouse, accounting for over half of the chain’s revenue. Ease of Implementation in U.S.
From wait times and staff efficiency to sales trends and customer satisfaction, POS system performance offers critical insights into daily operations. The technological heart of your business, Point of Sale systems are essential. A POS system that requires extensive training may not be worth the time.
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. You may also like our article on why roasters and coffee shops need to strategise menu pricing.
From managing orders and tracking inventory to analyzing sales data in real time, today’s POS systems are essential tools for restaurants of all sizes. Over time, these registers became more advanced, and they morphed into becoming multi-use point-of-sale or POS systems for restaurants.
A modern Point of Sale (POS) system is more than just a cash registerits the central hub that powers day-to-day business operations. From processing payments and managing inventory to tracking sales and streamlining service, POS systems play a critical role in improving efficiency and customer experience.
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.
To maximize their effectiveness, place kiosks in high-traffic areas, integrate them with your POS system, and provide staff training to assist customers unfamiliar with the technology. With just two bartenders and one server, they served over 300 customers, generating significant weekend sales. This cut labor costs to 23.7%
It requires accurate data on food costs, total sales, overhead costs, labor costs, and all the many costs in between. You just plug in the numbers alongside your current menu prices and item sales and it does all the number crunching for you. When you go out to eat, you're not just paying for the food.
By the time theft is detected the damage can be irreparable to your reputation, destroy employee morale, and hurt the bottom line. In fact, according to a Forbes article in 2018, up to 30% of small businesses fail because of theft. Key Facts Every Restaurant Owner Should Know First, it is important to recognize that theft isn’t about you.
Here are the top four sales KPIs every restaurant should study.) On average, the labor costs of a full-service restaurant should remain within 25% and 35% of total sales. Step 4: Divide the total labor cost with the restaurants total sales (begin with total sales per month), and multiply by 100.
Accurate sales reports are essential for making informed decisions in any restaurant or retail business. By automating real-time reporting, syncing data across devices, and flagging inconsistencies instantly, modern POS solutions ensure your sales reports are always reliable. That’s where smart POS software comes in.
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