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Gross Profit Margin: A Guide for Restaurants

Synergy Suite

Gross profit margin is a fundamental financial metric that reveals the percentage of revenue left after accounting for the cost of goods sold (COGS). These metrics go beyond merely counting revenue and expenses; they reveal the core profitability of the business, while accounting for various financial components.

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How to Wield Restaurant Food Costs to Your Advantage

MBB Hospitality

Leveraging technology can streamline these processes, reducing waste and ensuring precise portion control. When engineering your menu, consider the contribution margin of each item—that is, the actual dollar amount each dish contributes to overhead after accounting for food costs.

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2023 Outlook: Trends and Challenges Restaurants Will See, Part One

Modern Restaurant Management

Collaborations : Collaborations, such as partnering with a well-known designer on staff uniforms or bringing in guest chefs for special events and pop-ups, will continue to capture consumer attention. To differentiate your concept from another, you have to offer both. ” We’ll see an increased focus on music (e.g.,

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EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

Once they’ve created an account, they can?immediately?begin "As restaurateurs adjust and prepare for the new reality they face upon reopening, it's incredibly important to take into account the ongoing health & safety of guests and team members," said Jordan Boesch, 7shifts CEO. "According immediately?begin