ChowNow

AUGUST 6, 2024

From ingredients to insurance, new restaurants need to know how to manage fixed and variable costs. Fixed costs generally stay the same each month and are not tied to sales, such as rent or insurance. Food Cost Percentage Your food cost percentage uses a similar formula as labor, just with total cost of goods sold.

Insurance 195

Insurance Inventory Food Supply Food Order 195

7 Shifts

JULY 5, 2024

Running a restaurant is not just about serving great food; it’s also about managing finances. With 50% of restaurant owners reporting inventory costs as the top concern last year, you must leverage reporting tools to see how much profit your restaurant is making and where your money is going.

Cash Management 243

Cash Management Inventory Seasonal Menu Beverage 243

7 Shifts

JUNE 28, 2021

72% of Americans eat food from a restaurant at least twice a week, meaning hundreds of millions of Americans frequently trust foodservice establishments to prepare their meals in a safe and sanitary environment. However, surfaces that touch food not only needs to be cleaned but sanitized. Food Storage. Develop a HACCP Plan.

Kitchen Safety 370

Kitchen Safety Food Safety Food Supply Equipment 370

EATER

JANUARY 21, 2021

It’s probably not Uber Eats, Postmates, or Grubhub 2020 was an undeniably big year for food delivery. Benefitting the most from this disruption to an already broken food supply chain are third-party delivery apps, such as UberEats, Grubhub, and DoorDash. Shutterstock. Last November, UberEats bought Postmates for $2.65

Delivery 335

Delivery Customer Service Food Order Online Ordering 335

SpotOn

FEBRUARY 26, 2025

Your P&L line items should be consistent with the ones on different platforms—POS, inventory management, and accounting software. That could simply be food sales , alcohol , and non-alcoholic beverages. Cost of Goods Sold (COGS) Your Cost of Goods Sold is the cost of your food and beverages. That may be too high.

Point of Sale 82

Point of Sale License Insurance POS 82

EATER

AUGUST 7, 2023

Supply issues were a pain,” says co-owner Kevin Kerner, so it wasn’t until July 9 when a contractor installed swinging doors to separate the new kitchen from the bar that the upgrade was finally complete. Three Penny Taproom also has flood insurance. Time will tell, with insurance and the rebuild, what we do with that space,” he says.

Insurance 246

Insurance 2011 Equipment 2007 246

7 Shifts

OCTOBER 8, 2021

There are dozens of costs associated with running a restaurant, and many of them remain out of your direct control: rent, utilities, insurance—etc. Those are your food costs and your labor costs , and together they make up your prime costs. Food and Inventory Costs. But the bulk of a restaurant's costs can be controlled.

Seasonal Menu 195

Seasonal Menu Consumer Goods Food Supply Inventory 195

7 Shifts

MAY 23, 2024

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. This can reduce your budget for ingredients and, at the same time, minimize food waste.

Point of Sale 221

Point of Sale Food Supply Seasonal Menu Cash Management 221

Restaurant365

FEBRUARY 25, 2020

Just as there is no single food and drink formula for restaurant industry success, there is no simple formula for a healthy profit margin. Your restaurant profit margin can be influenced by food and inventory trends, your geographic location, the state of the broader economy, and a wide range of other factors.

Loyalty Program 183

Loyalty Program Point of Sale Fast Casual Online Ordering 183

Restaurant365

MAY 26, 2020

Your prime cost is a fundamental metric to track, because it includes your two largest expenses: food and labor. For a restaurant, this includes your food and beverage ingredients, as well as other supplies like napkins, coffee filters, etc. Employee Wages + Taxes + Benefits + Insurance = Total Labor Cost.

Point of Sale 148

Point of Sale Employee Relations Inventory Insurance 148

7 Shifts

JULY 1, 2024

While this could be a rewarding venture, opening a bar is not exactly the same as opening a food business. These start-up costs can range from the real estate payments you must make to the permits and licenses you need, the supplies you have to buy for your bar, the wages you need to pay your employees, and insurance.

Bar 221

Bar License Food Supply Restaurant Law 221

Restaurant365

SEPTEMBER 23, 2021

Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. Restaurant accounting cycles.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

The Restaurant Group

MARCH 11, 2024

Managing a restaurant involves so many moving parts, including sourcing high-quality ingredients, purchasing a seemingly endless list of supplies, managing staffing and scheduling, and budgeting for a profitable restaurant – all within a set budget. Failure to manage food inventory can lead to significant financial losses.

Management 78

Management Management Cash Management Insurance 78

Sling

JUNE 9, 2023

Running a successful restaurant isn’t just about serving great food. The term “restaurant costs” is generally used to describe one-time expenditures on material resources — such as food, liquor, dishes, equipment, and software — that keep the business running. This will be your Beginning Inventory.

Operations 78

Operations Inventory Food Supply Point of Sale 78

The Food Corridor

SEPTEMBER 14, 2020

For foodservice vendors, food truck operators, manufacturers, market traders, chefs, and caterers who use shared-kitchen facilities, there’s a constant nagging worry that something will go wrong. The way to mitigate the risk is to take out a robust insurance policy. In a year like 2020, you never know what’s around the corner.

Insurance 52

Insurance Food Truck Food Catering 52

Cheetah

OCTOBER 3, 2020

These include being familiar with health guidelines issued by the CDC, reevaluating the value of labor, integrating new technologies and rethinking inventory. The value of labor Social distancing Hygiene and sanitation Technology solutions Optimizing your inventory. Optimizing Your Inventory. Indoor Dining and Social Distancing.

Inventory 78

Inventory Insurance Cash Management Point of Sale 78

The Restaurant Times

JANUARY 23, 2022

The catering industry includes companies that provide individual event-based food services. What type of food will you serve? Rent a commercial kitchen: This increases your operating costs and will require transportation facilities and equipment to deliver food to the location. What functions will your business cater to?

Catering 75

Catering License Insurance Food Supply 75

The Restaurant Times

OCTOBER 29, 2021

When it comes to food trucks, a lack of sustainability can give rise to multiple problems. For a mobile business like food trucks catering to multiple locations, it is relatively harder to keep everything clean and be eco-friendly. Setting up a sustainable food truck is, therefore, a new concept. . Inspect Your Vehicle.

Food Truck 97

Food Truck Sustainability 2021 Food 97

Restaurant365

OCTOBER 23, 2019

Cost of Goods Sold (COGS) is the combined costs of food and beverage ingredients that were sold at your restaurant over a certain period of time. COGS totaled takes into account the ingredients that make up your food andbeverage sales, and related supplies (like napkins or coffee filters). Example of a Prime Cost Formula.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

Sling

JUNE 4, 2023

Important restaurant ratios to know 1) Cost of goods sold percentage To calculate cost of goods sold (CoGS) percentage, you’ll need to first tally the value of your inventory, the value of any new inventory purchased, and the value of your ending inventory. one month).

Inventory 78

Inventory Article Blog Food Supply 78

Sling

AUGUST 1, 2024

Labor cost percentage Labor cost percentage can help you estimate how much your business spends paying employees — costs such as salaries, benefits , insurance, overtime , and payroll taxes — compared to the money it brings in. This will show you what percentage of your total sales go into purchasing food and paying your staff.

Management 78

Management Management Cash Management Seating 78

Harbor Touch

MARCH 18, 2025

Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Ive tossed meals into inventory totals and shaved taxes that way. Keep it separate or bundled with food costs. Keep it reasonable.

Point of Sale 78

Point of Sale POS Restaurant Law 2025 78

Harbor Touch

MARCH 18, 2025

Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Ive tossed meals into inventory totals and shaved taxes that way. Keep it separate or bundled with food costs. Keep it reasonable.

Point of Sale 78

Point of Sale POS Restaurant Law 2025 78

Restaurant365

MARCH 30, 2020

Expanding “off-premise” insurance coverage. Obeying local regulations from your local food handlers’ association. Start with the following: Revisit your insurance policy. Your first step will be to call your insurance provider and inquire about on-premise versus off-premise coverage. Vehicle insurance.

Delivery 78

Delivery Operations Insurance Cash Management 78

Lavu

JANUARY 21, 2020

The system will help you track your labor and inventory costs, methods of payment, and other important information. . They include the cost of paying a mortgage or rent, permits, insurances, equipment costs, and certain operational expenses. This could be the cost of buying food ingredients, beverages, taxes, staffing, and benefits.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

Open for Business

SEPTEMBER 2, 2024

Running a successful restaurant involves more than just serving great food. It’s helpful for understanding your restaurant profitability, and there are two main types you need to consider: Gross profit margin measures profit from food and beverage sales before accounting for operating expenses.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Inventory 78

The Restaurant Times

OCTOBER 30, 2021

From inventory to alcohol, and live music to TV installation, for every little operation, you need to think about whether it is allowed by the government or not. The main objectives of licensing and food safety regulations are: food, health, and hygiene quality assurance. Food Business Registration. Food Premise Approval.

License 52

License Insurance Certification Restaurant Law 52

MBB Hospitality

APRIL 14, 2023

Your budget should cover the costs tied to research, inventory supplies, licensing fees, staff wages, and the usual overhead costs. This includes your day-to- day operations, setting policies for customer service, ordering procedures for food and beverages, and staff requirements needed for various shifts.

License 52

License Food Supply Insurance Small Business 52

Restaurant365

APRIL 20, 2022

These are taken by media (84%), insurance (83%), IT services (81%), telecom (78%), banking (75%), and retail (63%). Or the food took unusually long to come out. You can optimize food usage and reduce waste. What is a good retention rate in the restaurant industry? Perhaps the bathrooms were dirty. Or your server was unfriendly.

Loyalty Program 78

Loyalty Program Customer Service Customer Experience Employee Relations 78

Modern Restaurant Management

MARCH 11, 2025

From a legal perspective, Insurance : the pandemic highlighted the limitations of insurance policies. Several high-profile restaurant groups brought litigation against insurance companies for their coverage position, but were ultimately unsuccessful. PIRG Education Fund.

Mobile Ordering 418

Mobile Ordering Kitchen Safety Fine Dining Food Safety 418

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. The costs in this budget include the rent payments, the salaries, insurance, property taxes, and everything else. Office supplies .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Sling

JUNE 1, 2021

Direct material costs — sometimes referred to as cost of goods sold (COGS) — include any and all supplies and materials (raw or otherwise) that your business consumes during the manufacture of a product. direct material costs or cost of goods sold) plus all the labor expenses that go into making and serving your restaurant’s food.

Food Truck 78

Food Truck Transportation Definition Food Supply 78

The Restaurant Times

SEPTEMBER 30, 2021

Food truck businesses have never been more popular than they are now. In 2020, we saw a significant rise in the number of food trucks. Moreover, since the COVID-19 pandemic, many customers prefer to eat from food trucks rather than restaurants as they are relatively safer. 8 Things To Consider Before Starting Up A Food Truck.

Food Truck 52

Food Truck Food License Mobile Ordering 52

BNG Point of Sale

AUGUST 19, 2021

Cost of goods sold (CoGS): This is your cost for all food, drinks, and anything else you sell, such as T-shirts and hats. Food and drink inventory costs need to include the ingredients costs per meal or per drink. CoGS Percentage: Take your CoGS total and divide it by the food sales. Food Trucks: 6 to 9% .

Cash Management 52

Cash Management Point of Sale Inventory Food Truck 52

Apicbase

JUNE 16, 2023

By regularly tracking his inventory and procurement metrics, Fabio was able to reduce his kitchens’ food costs by 18%. In the fast-paced world of the food service industry, having this kind of quick, daily check can be a game-changer. Get a 360-view of your sales & inventory data Adopt restaurant analytics software.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

BNG Point of Sale

AUGUST 27, 2021

It is also not an easy one–regardless of the restaurant size and business model–with plenty of competition to contend with while trying to stay on top in terms of the quality food it serves and its prices. To do so, you will need to know how much each of your dishes cost per serving as well as the proportion of your food costs.

Point of Sale 52

Point of Sale Customer Service Social Media Online Ordering 52

Apicbase

JANUARY 28, 2025

When the Autumn Budget landed, food and drink leaders warned ministers that the tax increase would cost the British Hospitality industry 3 billion and force businesses to reduce investments, cut jobs, and raise customer prices. Encouragingly, UK food price inflation has dropped to a manageable 2%, offering businesses some breathing room.

2024 52

2024 Waste Inventory Hospitality 52