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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

In this article: How to calculate your profit margin for your bar What is the average profit margin for bars? Once you have that total, subtract all of your costs, such as labor, inventory, rent, utilities, and other operating expenses. Bars that effectively manage their inventory and reduce waste tend to maintain higher margins.

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How to Handle Temporary Restaurant Closure during COVID-19

7 Shifts

Read through our article on how to pivot your restaurant to takeout & delivery to see if leveraging these revenue channels is an option for your business. Consider things like merchandise sales, inventory sales, or private cooking lessons. Look at your historical sales and food cost reports. Which are the most profitable?

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Innovative Technology Highlights Valuable Solutions for Restaurant Security

The Rail

The Power of Integrated Systems Most restaurant security professionals recommend two technologies to help protect both assets and profits, according to a Business article. If you can afford it, a POS system that integrates with your camera system is ideal,” the article reads.

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How To Calculate Inventory Turnover Ratio At Your Restaurant

The Restaurant Times

When you open a new restaurant business or are already in one, you are supposed to keep track of everything happening in your restaurant, whether the number of waiters or the amount of inventory available. It’s critical to remain on top of your inventory and control your costs to ensure your restaurant is profitable and growing.

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Using software and data to improve performance in coffee shops

Perfect Daily Grind

You may also like our article on how technology has changed in the coffee industry over the last few years. Furthermore, Cropster Roast can also help roasters keep track of their inventory, to make sure it stays as fresh as possible and that they can keep up with demand. Want to read more articles like this? Enjoyed this?

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How Restaurants In Saudi Arabia Can Use Food Cost Formula To Manage Inventory

The Restaurant Times

In this article, we will explain the importance of food cost formula and how restaurants in Saudi Arabia can calculate food costs using the correct method. . Beginning Inventory + New Inventory Purchased – Ending Inventory = Total Food Usage in a particular period. . Importance Of Food Cost Formula.

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Point Of Sale System Cost: Why It Shouldn’t Matter

BNG Point of Sale

Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system. It generates merchandise pricing and offers a secure way to accept payment, making it ideal for portable businesses, outside sales teams, and businesses with frequent sales such as restaurants and bars.