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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Another approach is to integrate an online ordering feature or plugin into your website and leverage your FOH as delivery drivers. Branded merchandise Selling branded merchandise lets you generate additional income while promoting your restaurant.

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The Impact of Restaurant Tablets on Table Turnover and Revenue

Mad Mobile

These visuals not only enhance the dining experience but also present a golden opportunity for guests to discover and crave appetizers, desserts, or beverages they might have overlooked otherwise. Merchandise and gift card sales If you have merchandise for your eatery, you can feature it as part of your digital menu.

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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). It presents a significant environmental problem, and it also erodes profit margins, increasing financial strain for businesses.

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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. Tip Suggestion Effect : Nearly 3 in 10 Americans tip less when they’re presented with a tip suggestion screen. Service Fee Ban : 83 percent of people think automatic service charges should be banned.

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