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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

One of the best things to do is to find additional revenue streams to supplement your core food and beverage sales. Offering additional services, like delivery and takeout, meal kits and subscription boxes, and even catering and hosting special events can unlock new growth opportunities. and 15% of the total bill.

2024 243
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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

One key area to focus on is drink sales, with cocktail sales accounting for about 23% of a bar's revenue. Start by tracking all the income your bar generates, including sales from drinks, food, and any additional services. Next, divide that cost by the total sales revenue from your drinks.

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12 Tips to Increase Catering Profits This Busy Season

Cheetah

The busy season is underway, and for caterers and restaurants it is the biggest opportunity in the past two years to boost sales and make a hefty profit. Most travel and social distancing restrictions have been lifted and supplier indications point to a record breaking catering season. Reading Time: 4 minutes.

Catering 148
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The American Restaurant 2022 (Post Pandemic)

Culinary Cues

Ah…now is the time for everyone to start speculating about what the restaurant business will look like when all of this craziness is over. Let’s start with what we are fairly comfortable saying: whatever “normal” is will likely not make an appearance until the end of 2021 – so…let’s begin our speculation with January of 2022 to be safe.

2022 383
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MRM Research Roundup: Year-End 2020 Edition

Modern Restaurant Management

The most popular day of the week for online ordering is Friday, with Mother’s Day 2020 coming out on top as the most popular holiday for online catering orders. This edition of MRM Research Roundup features top trends for 2020, how 2020 changed food and the year's top wines. Top Restaurant Trends.

2020 211
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Restaurant Loyalty Programs to Boost Revenues

Cheetah

One example is Chick-Fil-A’s rewards program (Signature Tier) that allows members to utilize their points by giving gifts to friends and family. What’s more, advertising deals about non-core products, like restaurant merchandise and swag , boost alternative revenue streams. Benefits of Restaurant Loyalty Programs.

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BBQ Restaurant Profit Margin: Are They Profitable?

BNG Point of Sale

Based on sales averaging $300/hour for four hours daily and 5k every Sunday (working 3+days), earnings calculate to $34,000 a month. While the annual sales of the BBQ restaurant segment have grown to a whopping $4.0 The products sold by a barbecue catering business are burgers, hot dogs, ribs, pulled pork, chicken tenders and corn.