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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Numbers can give us insights into everything from profits and losses to average customer spend to how often employees cycle through. Employee turnover rate. Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. Employee Turnover Rate.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Cost of goods sold is the raw material cost of your beverages and food, and labor cost includes actual labor, employee benefits, payroll taxes, healthcare, and bonuses. Fast casual: 28.9%

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The Museum of Ice Cream’s Not Only an Instagram Fantasy, It’s Also a Nightmare Workplace

EATER

For nearly $40 — considerably more than the ticket price at most museums that show actual art — customers could take endless selfies in the ice cream-centric “museum.” but as the museum plans its reopening, hourly and salaried employees alike lay out a pattern of abuse and disrespect, stemming from the company’s founder.

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Starbucks’ Howard Schultz Returns as CEO Amid Union Wave

EATER

In the intervening years, Schultz stayed involved with the company, noodled on a presidential run, and was even considered as a potential labor secretary pick if Hillary Clinton had won the 2016 election. Howard Schultz is back as CEO of Starbucks. |

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Top 3 Takeaways from Black Box Intelligence’s State of the Industry Webinar

Black Box Intelligence

Since 2016, the cumulative loss of traffic has been about 13%, translating to a compound annual growth rate of about -2% per year. fewer hourly employees on average per location compared to 2019, and full-service restaurants are operating at 3.7 fewer front-of-house hourly employees. fewer front-of-house hourly employees.

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The 20/20 on 2020: Restaurant Experts Weigh In

Modern Restaurant Management

Low priced / value perceived / big ticket items brought down to a fixed low price. The utilization of ghost kitchens means more money and opportunity for restaurant operators, without large price or labor hikes. Big and high-end players are getting (and are in) the game. GJ Hart, CEO at Torchy’s Tacos.

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Restaurant Accounting Basics

Lavu

Labor costs include salaried employees, hourly wages, benefits, taxes and tips. In Washington, for example, employers must pay employees a minimum of $12 per hour as of April 2019. requires that employees receive a minimum wage of $15 per hour, which is twice the national minimum. Tipped Employees. tipped employees.