Remove 2016 Remove Audits Remove Tip Distribution
article thumbnail

The Ultimate Guide to Restaurant Costs

7 Shifts

increase from 2016. Improve Employee Retention The high-turnover rates are well-documented in the restaurant industry, with these rates exceeding 70% in 2016. Audit and Improve Processes Analyze all processes such as inventory management and time clocking to see if you can make improvements to boost efficiency. Fast casual: 28.9%

License 370
article thumbnail

Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

Below, you'll find a series of actionable tips, tricks, and strategies you can employ today to do exactly that! In 2016, the average net profit margin across the industry was a mere 3%. Spend Less Money on Food Restaurateurs who are serious about increasing their profits must conduct a complete supply-chain audit.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

Below, you'll find a series of actionable tips, tricks, and strategies you can employ today to do exactly that! In 2016, the average net profit margin across the industry was a mere 3%. Spend Less Money on Food Restaurateurs who are serious about increasing their profits must conduct a complete supply-chain audit.

article thumbnail

New & Notable: TEAM Schostak Celebrates 40, AI in Food Service and Beachy Tech

Modern Restaurant Management

Greg joined the Restaurant Facility Management Association (RFMA) in 2016, earned his Certified Restaurant Facility Professional designation in 2017, was chosen Restaurateur of the Year in 2019, and currently serves on the RFMA Board of Directors. ” 7shifts Launches Tip Pooling.

Food 433