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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

Your stiff competition requires innovative thinking and aggressive growth strategies to stay on top. This includes: Net Sales: The total revenue derived from your sale of food and beverages. However, as a rule, the primary costs you can expect in running your restaurant are usually related to food, labor, and rent.

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Is There a Right Way to Raise Prices?

Modern Restaurant Management

Due to many factors including inflation and supply chain challenges, restaurant owners and operators have been faced with tough choice about raising menu prices. As food prices rise, restaurants should try to stay within their target ratio for food cost to gross food revenue in order to maintain target profits.

Pricing 196
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What Trends Are You Seeing and What Can We Expect to See More of in 2022?

Modern Restaurant Management

Our restaurant of the future is designed to benefit guests, employees and franchisees, with a new external design and a reimagined kitchen that will make it easier for us to serve hot, delicious food quickly for frictionless guest experiences, and we expect to see a lot more of that next year. Clinton Anderson, CEO, Fourth Enterprises.

2022 180
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What Hotel Menu Trends Will Define 2022?

Hot Schedules

What Hotel Menu Trends Will Define 2022? For these travelers, the dining experience will be back on the menu. Leading up to this, its pivotal that operators navigate global supply chain disruptions to continue enticing potential diners with a killer offering. The foodservice distribution industry is hypercompetitive and robust.

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Corporate Catering Leaders Share Insights On Consumer Demand, Labour Shortages, Sustainability And Technology

Apicbase

The corporate catering sector faces a host of challenges, including labour shortages and the Herculean task of making the supply chain more sustainable. Innovation took centre stage in the debate. Markets and demand have changed. The experts agree the catering industry needs to evolve. The answer, he says, is raising awareness. “We’re

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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

During peak seasons, considering outsourcing certain services becomes a practical solution to ensure seamless operations. Prioritising employee well-being, mental health, and job satisfaction is also essential in curbing turnover and cultivating a content and dedicated workforce. Not Quite Cyndi Lauper, but Brands Just Wanna Have Fun!

2024 215
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MRM Research Roundup: Mid-September 2021 Edition

Modern Restaurant Management

In a survey of 4,079 small business owners conducted from 8/15 to 9/13/21, 66 percent reported having a "very difficult" time finding the right employees to fill open roles, many of which are necessary to help them drive revenue and rebound. In July, 47 percent couldn't hire enough employees. Dining Trends in Canada.

2021 178