article thumbnail

Growing a Restaurant Strategically – The Keys Are Alignment, Timing and Control

Modern Restaurant Management

Research New Offerings Rigorously Before Adding The question of whether, when and how aggressively to add new menu items, expand hours/days, launch catering options or open another location has substantial implications for restaurateurs. Poorly vetted moves strain capabilities across kitchens, servers, support staff and systems.

article thumbnail

How To Open A Cloud Kitchen In The UAE

The Restaurant Times

This model allows the stakeholders to cater to various brands from the same space using the same resources. Significant cost reduction in other aspects of setting up a restaurant helps them develop reasonable and competitive pricing. . Most of the expenses are primarily focused on running the kitchen.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will the hospitality sector see an end to the cost of living crisis?

Hotel Owner

I left school with good grades and knew I wanted to pursue Catering Management, so I joined a course at Bournemouth College. It’s critically important to explore specific aspects of your operations where cost reductions are still feasible. I left with a further 2 A-Levels and multiple NVQ’s level 3 and 4.

Pricing 98
article thumbnail

MRM Research Roundup: Super Bowl and Valentine’s Day 2024 Edition

Modern Restaurant Management

A five-percent loyalty-increase is equal to a 12-21 percent across-the-board cost reduction program. A five-percent increase in loyalty lifts lifetime profits per customer as much as 78 percent. “Real loyalty isn’t as nebulous as you might think,” suggests Passikoff.

Marketing 196
article thumbnail

Inventory Management Software: Definition, Benefits, and What to Look For

Synergy Suite

Cost Reduction and Waste Prevention By having better visibility into inventory levels and usage patterns, restaurants can identify opportunities to reduce waste and control costs. Some software solutions cater specifically to quick-service restaurants, while others focus on full-service establishments or specialty cuisines.

article thumbnail

Definition of revenue growth strategies

Les Roches

It’s also worth conside­ring implementing differe­nt package options or pricing tiers that cater to custome­rs’ preference­s. Businesses should also conduct a comprehensive analysis of the­ir cost structure. These promotional offers create­ a sense of urgency and can e­ncourage customers to take prompt action.

article thumbnail

Understanding automation in the hospitality industry

Les Roches

While deciding upon any given solution, consider usability, scalability, integration with existing systems, and cost-effectiveness. Sometimes simple systems can cater perfectly well to everything you need. Don’t fixate on features you are unlikely to use.