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Labor Cost Percentage for Restaurants: The Ins and Outs

Synergy Suite

When you’re looking for a good labor cost percentage, lower is better. If for example your labor cost percentage is 50%, things probably aren’t going too well financially. Track labor costs as a percentage of revenue. Efficient staff scheduling and management can help optimize this metric.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Operating a thriving restaurant involves more than merely presenting delectable dishes and designing a welcoming ambiance. It requires a keen understanding of your restaurant’s finances and, in particular, the concept of prime costs.

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The Break-Even Point: A Key to Restaurant Financial Success

Synergy Suite

Focus on reducing both fixed and variable costs: Food Cost Control: Monitor your food inventory, reduce waste, negotiate with suppliers, and consider menu engineering to highlight high-margin items. Labor Efficiency: Schedule staff efficiently, cross-train employees, and implement technology to streamline operations.

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Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency

Synergy Suite

Cost Reduction One of the most direct benefits of an improved inventory turnover ratio is the reduction in holding costs. Lower inventory turnover ratio often results in higher holding costs as your capital is tied up in inventory that isn’t being sold quickly.

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MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

"Professionals work long hours and endure crazy schedules, so we conducted this study to learn more about their careers, the amount of work and time they put in daily, and tools they'd like to be provided with to make their jobs more seamless and less time-consuming. Online and Mobile Ordering Offers Needed Convenience.

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