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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

Start by tracking all the income your bar generates, including sales from drinks, food, and any additional services. For example, if you serve craft cocktails or premium wine, customers may be willing to pay more because of the perceived value. This final number is your net profit.

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The Rise of Exclusivity: VIP vs Traditional Discounting

Modern Restaurant Management

Offering discounts to incentivize customers to enroll and engage with loyalty programs has been a common practice in the restaurant industry for years. With the continued uncertainty of the current macroeconomic climate, brands must find ways to reduce marketing spend while driving more value from their customer base.

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Boost Your Restaurant Business with Five Local Marketing Tips

Modern Restaurant Management

Consumers and customers have changed their behavior due to the events of the previous year. Focus on changing the processes of your restaurant to accommodate the new realities and to reach out to customers living in your local areas. The pandemic has shifted the priorities of customers when it comes to the businesses they patronize.

Marketing 568
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MRM Research Roundup: Mid-April 2020 Edition

Modern Restaurant Management

But as much of the story written during the month, it is really the last two weeks that require special attention. Limited-service restaurants (those in quick service and fast casual) had a sharp acceleration in their guest check growth, as consumers likely shifted to larger off-premise orders to feed multiple people at home.

2020 491
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The Enduring Appeal of Signature Staples at QSRs and Beyond

Modern Restaurant Management

billion quick-service restaurant (QSR) industry, trends and fads may come and go, but signature staples withstand the test of time. These timeless menu items have been meticulously crafted and perfected over the years, holding a special place in the hearts (and stomachs) of many. In the $387.5

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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

With products now cleared for consumer sale in both the United States and Singapore, the cultivated meat industry is moving from proof of concept and early-stage R&D to a focus on demonstrating scalability, sustainable unit economics, and consumer and customer demand.

2024 493
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Publish Your Website with These Best Restaurant Website Builders

7 Shifts

Did you know that three in four customers will visit a restaurant's website before dining at that restaurant? The pros and cons of hiring a professional to make your restaurant's website Pros: When you work with a designer, you can get a custom website that doesn't look like a template or like anyone else's website.