Remove Inventory Remove Merchandise Remove Online Ordering
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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

Once you have that total, subtract all of your costs, such as labor, inventory, rent, utilities, and other operating expenses. Bars that effectively manage their inventory and reduce waste tend to maintain higher margins. To calculate your pour cost, you have to know the total cost of your alcohol inventory.

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What Restaurateurs Need to Know Right Now About the COVID-19 Pandemic

ChowNow

Whether you’re working with a third-party marketplace, using branded online ordering built by a provider like ChowNow, or taking orders over the phone, now is the time to adjust your menu to drive more sales. Offer large format takeout or a family-style to move more inventory. Add gift cards to your menu.

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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Delivery and takeout 60% of American consumers reported ordering delivery or takeout once a week. To maximize this revenue stream, you must have an efficient online ordering system. For example, you can take orders from your social media profiles, like Facebook and Instagram, using a form or direct message.

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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

Make sure you're diligent about asking what a wholesale supplier's order minimums are as well as their order turnaround time. Follow the same strategy as you would for your beans—visit local wholesale bakeries, try out items you might sell, and chat with them about order minimums, delivery times, and more. Online Ordering.

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The Corner Store, Curated

EATER

Given the emphasis on design, it’s unsurprising that some of these things can be found at home goods stores like Superior Merchandise (a sister brand of distillery Yesfolk ) in Troy, New York, and Yowie in Philadelphia. Or maybe they’re things that you can buy online, but you didn’t even know existed.

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How to Lower Restaurant Labor Costs and Boost Profitability: Quick Wins and Long-Term Solutions

ChowNow

Similarly, inventory management software can track your stock levels and help predict demand, reducing the likelihood of over-ordering and waste. Negotiate with Suppliers and Optimize Inventory Building strong relationships with suppliers and regularly negotiating contracts can lead to better pricing and terms.

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How Walmart Got Its Hands on the Coolest Pantry Brands

EATER

Lille Allen Brands like Fly By Jing and Bachan’s are reaching a whole new audience from the shelves of the ultimate big-box store The last decade or so has been a golden era for cool food products sold directly to consumers online. It truly allowed us to jump from a regional brand to a national brand.” at Walmart.

Retail 305