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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Offering additional services, like delivery and takeout, meal kits and subscription boxes, and even catering and hosting special events can unlock new growth opportunities. Additionally, catering large events can help you manage your inventory more efficiently, reducing food waste and maximizing profit.

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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

On the other hand, for lower-cost items like beer, you can bundle or offer happy hour specials to drive more volume and profit. You can introduce themed drinks or seasonal specials that keep your customers coming back for something new. To maximize the impact, consider offering customizable drink packages for different types of events.

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[Case Study] How Shawn & Ed Brewing Simplified Scheduling and Event Management

7 Shifts

Craft beer makes 30% of the beer industry, with lagers making up 80%, allowing Shawn & Ed to compete with big brands due to their lager specialization. Beyond brewing, Shawn & Ed also host private events in their historic building—leaving them with more scheduling complexity than most other brewing companies.

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Top Tips to Show Appreciation for Your Employees This Year

Modern Restaurant Management

Merchandise and Prizes. Some examples include the boss’ parking spot, coupons, wine or company merchandise. Some moments of recognition call for a party or special event. At these events, you can take the appreciation to a whole other level if executives attend. The Takeaway.

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The Rise of Exclusivity: VIP vs Traditional Discounting

Modern Restaurant Management

In addition to special-access menu items, loyalty programs can offer events, merchandise, or experiences like cooking classes or cookbook signings as exclusive perks. Taco Bell sold more than 20 million pizzas nationwide—which was 7x previous levels. Exclusivity can apply to more than just menu items.

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Revenue streams restaurants can add to their business

Clover - Restaurants

Lastly, by offering additional services like catering or selling merchandise, restaurants can more efficiently use their existing kitchen space, staff, and inventory, maximizing their resources throughout the day or week. Wholesale or deli items Is there a special sauce, spread, or salad dressing that keeps customers coming back for more?

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3 New Restaurant Marketing Opportunities in November

Ken Burgin

It’s an unofficial Chinese holiday for people who are not in a relationship, and it’s rapidly become a major shopping event! Have special deals available, and this time singles don’t get the small table up the back! Move the merchandise – the t-shirts that haven’t sold, offered at a crazy price.

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