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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Branded merchandise Selling branded merchandise lets you generate additional income while promoting your restaurant. Eater points out the “pics or it didn’t happen” mentality as one reason branded merchandise has become popular among restaurants.

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Creating a Culture of Cleanliness: Strategies for Food Service & Hospitality Success

PathSpot

In food service and hospitality, paying attention to BOH hygiene protocols will increase the risk of illnesses among customers and employees. Personalized Appreciation : Small tokens of appreciation, such as branded merchandise, are given to employees who consistently demonstrate a commitment to hygiene.

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Restaurant Franchising: 10 Essential Performance Metrics For Consistent Group-wide Profitability

Apicbase

This number reflects the unit’s total food, beverage, and merchandise sales through all the different revenue streams. For example, restaurant management platforms can significantly reduce human effort by automating BOH and FOH flows, thereby helping you to keep the labour cost in check. What is revenue? Why should you care?

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The Future of Dining: Industry Expert Insights

Modern Restaurant Management

Integrating true digital experience into customer service will enable you to utilize customer data — driving decisions about merchandising, pricing and promotions. Digitizing your customer engagement will be critical to retaining current customers and capturing consumer loyalty. ” Bo Peabody, Co-Founder and Executive of Seated.

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Mastering Restaurant Metrics: Your Comprehensive Guide to Business Success 

Apicbase

To calculate labour cost percentage: Labour Cost Percentage = Labour Cost / Sales Pro Tip: To identify what’s affecting your labour costs, divide the staff by FOH (front of house) and BOH (back of house). Prime Costs Prime cost is the sum of a restaurant’s COGS and labour costs.

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What is a Virtual Restaurant? And How to Start One

7 Shifts

billion in gross merchandise volume by 2022. So let's say there is more than a snowball’s chance in BOH that services like Uber Eats, GrubHub and Postmates are onto something. This growth is bolstered by a 7.26% increase in customers choosing to dine through online food delivery services.

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MRM Research Roundup: Diner Resiliency, Automation Technology, and Egg Prices

Modern Restaurant Management

Turnover Costs : The expense of replacing staff can be as much as $1,056 per FOH position and $1,491 per BOH position. Gross merchandise volume (GMV) rose 45 percent in Cleveland during the women’s championship but only 2 percent in Phoenix for the men’s.

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