Modern Restaurant Management

JUNE 21, 2023

When introducing new menu items to a menu category, they must be priced at the average profit from that menu category + the recipe cost of goods sold (COGS), and then rounded off to the next half dollar. Round up to the next half dollar and the menu price should be set at $12.50 to ensure you haven’t compromised profitability.

Maintenance 180

Maintenance POS Systems Pricing Presentation 180

OpenTable

OCTOBER 20, 2023

Visit other restaurants in the area to understand their pricing and see what they’re doing well and what can be improved upon. Transforming the space to match your restaurant’s theme can also impact the budget, as will acquiring your first round of food, beverages, and other essentials.

POS Systems 52

POS Systems Budgeting Reservations Front of House 52

The Restaurant Times

OCTOBER 5, 2020

Gross Revenue is the sales revenue generated by selling food, beverages, and merchandise plus additional gains, i.e., income from a transaction that doesn’t come from regular business operations. Negotiate better prices with suppliers. The formula is : . Net Profit Margin = Net Income/Gross Sales x 100.

POS Systems 52

POS Systems Portion Control Training Procurement 52

Synergy Suite

OCTOBER 5, 2023

It represents the total income generated from selling food, beverages, and other services. It’s important to keep detailed records of daily sales, which can be recorded through the point-of-sale (POS) system. Revenue is the lifeblood of any restaurant business.

Catering 52

Catering Information Events Labor Cost Controls 52

Modern Restaurant Management

AUGUST 5, 2020

” Ervin Cohen & Jessup Launches Food, Beverage and Hospitality Practice. Ervin Cohen & Jessup launched a Food, Beverage and Hospitality practice to more efficiently advise industry-related clients to recover from the devastating financial and logistical impacts of the coronavirus pandemic and beyond.

Server 210

Server Marketing Bookkeeping Document 210

Modern Restaurant Management

OCTOBER 31, 2019

population (18+), to examine how the increasing amount of hospitality cyberattacks and the threat of hackers targeting vulnerable Point-of-Sale (POS) systems within hotels and restaurants is impacting the mindset of consumers. Shopping and Lower-Priced Restaurants Gain Ground. Highlights include: 10 percent of U.S.

Download 138

Download Marketing Accounting Blog 138