Remove Back of House Remove Customer Service Remove Portion Control Remove Pricing
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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

They serve as a compass, guiding decisions on pricing strategies, menu development, and staffing levels, ultimately influencing the delicate balance between offering high-quality cuisine and ensuring the establishment’s profitability. For restaurant owners and managers, understanding and effectively managing prime costs are paramount.

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How to Calculate Food Costs in Your Restaurant

Synergy Suite

For example: $50,000 worth of initial inventory + $25,000 worth of inventory purchased – $45,000 worth of ending inventory = $30,000 in actual costs (or COGS) This calculation is more accurate than cost-per-dish because you’re using tangible inventory and purchase price numbers. Raise menu prices. Invest in your business.

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MRM Research Roundup: Mid-December 2020 Edition

Modern Restaurant Management

Convenience is worth the price : Consumers are also willing to pay an average of 14 percent more on their online delivery orders, implying restaurants could add a charge for the added safety and convenience this service provides. The price to purchase a hamburger cooking robot is about $60,000.

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Restaurant Operations Overview: What You Need to Know

7 Shifts

Portion control in the kitchen saves on inventory, which helps keep the restaurant profitable. On the other hand, skimping on ingredients increases the likelihood that a guest won't come back – and may even tell others not to do the same. Customer Service. Customer service can make or break a guest experience.

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