Remove Merchandise Remove Point of Sale Remove Website Management
article thumbnail

7 key restaurant revenue streams to prioritize in 2024

7 Shifts

One of the best things to do is to find additional revenue streams to supplement your core food and beverage sales. Another approach is to integrate an online ordering feature or plugin into your website and leverage your FOH as delivery drivers. In fact, only 27% of restaurant owners expect to be more profitable this year.

2024 243
article thumbnail

How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

One key area to focus on is drink sales, with cocktail sales accounting for about 23% of a bar's revenue. It just goes to show how important drink pricing and cost management are to maximizing profits. Start by tracking all the income your bar generates, including sales from drinks, food, and any additional services.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

MRM Research Roundup: Year-End 2020 Edition

Modern Restaurant Management

spent per order, on average, across restaurant websites. spent per order, on average, across restaurant websites. While restaurants looked after frontline workers, diners lended their own efforts to support restaurants and their staff in 2020, offering donations, gift cards, tickets towards online classes and merchandise purchases.

2020 211
article thumbnail

How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

We're all here for it! Coffee shops can be so much more than a place to grab a cup of joe and a croissant. They are places where friends and family gather, where ideas are formed and spread, and where important work gets done. At their best, they're an essential part of their community—a third place beyond work and the home. Table of Contents.

License 459
article thumbnail

Takeaway.com 101: the essential guide for restaurants

Deliverect

When you receive an order via the Takeaway.com website or app, you’ll receive it either on your ‘Takeaway Box’, the delivery company’s own POS receipt printer, or directly in your own POS system. Sales of merchandise and packaging. How does Takeaway.com work? Alternatively, sometimes consumers can collect their meal themselves.

article thumbnail

How Walmart Got Its Hands on the Coolest Pantry Brands

EATER

In 2023 alone, Walmart sold more than $264 billion in groceries, more than double the sales of its two closest competitors combined. We were finally at a point in our business where we were ready for that kind of volume,” she says. “As With more than 4,600 stores across the United States, Walmart is the definition of a retail behemoth.

Retail 109
article thumbnail

3 New Restaurant Marketing Opportunities in November

Ken Burgin

Extra points for loyalty customers, or a double discount when they order online. Mix online and offline deals, to encourage awareness of online sales. Move the merchandise – the t-shirts that haven’t sold, offered at a crazy price. Singles Day Restaurant Marketing – 11 November.

Marketing 133