The Restaurant Times
JULY 24, 2020
Food cost is one of the most significant expenses faced by restaurant operators everywhere. No matter the geographic location, the restaurant industry is plagued by rising food costs. Looking at the scenario, exercising portion control is crucial for a restaurant’s well being. Controls Food Costs.
Synergy Suite
APRIL 18, 2024
The most profitable restaurants know the importance of controlling food costs. By effectively managing revenue and expenses, you can maximize your restaurant’s profits, reduce food waste, and ensure the long-term sustainability of your business. The restaurant food cost percentage formula is pretty simple.
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Synergy Suite
NOVEMBER 30, 2023
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. Controlling them effectively can significantly impact your bottom line.
Synergy Suite
OCTOBER 12, 2023
In the competitive realm of the restaurant industry, understanding and optimizing your financial performance is paramount to success. While tracking total revenue and sales is vital, it’s crucial to dig deeper and delve into your restaurant’s profit margins. Gross Profit Margin: What is it?
The Restaurant Times
SEPTEMBER 4, 2020
Pricing menu items for your restaurant business is one of the most challenging yet essential tasks. There are multiple ways of pricing the restaurant menu correctly. You can either find out the cost of your food and supplies and charge your customers three times its value. This often leaves your restaurant with minimal profits.
Modern Restaurant Management
DECEMBER 17, 2020
This edition of MRM Research Roundup features news that consumers plan to put restaurants at the top of their shopping lists, the latest stats for on premise and why the restaurant of the future is here now. Nearly half (48 percent) of respondents also said they are likely to buy gift cards from a local independent restaurant.
7 Shifts
MAY 31, 2021
All tasks in a restaurant are interconnected. The list goes on and on, but the point is that if something goes wrong in a restaurant's plan, it might only be a matter of time before the domino effect kicks in and has an impact on your guests, your staff, and your bottom line. That's why restaurateurs rely on restaurant operations.
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