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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

It just goes to show how important drink pricing and cost management are to maximizing profits. Bar profit margin and pour cost Some high-performing bars can reach higher margins by optimizing their costs and pricing strategies. Keep in mind that certain drinks can be priced higher due to their popularity or unique ingredients.

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How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Integration between the POS and inventory management software allows inventory to be managed from end-to-end by automating steps such as tracking recipes, uploading invoices and auto-updating item prices. Using a tool like a food waste log can help managers record sources of waste at the time it happens for analysis later.

Inventory 451
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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

How was the food sourced or produced? On Menu Ingredients We predict the rise of “bougie” ingredients like caviar, lobster and truffle popping up at restaurants at more affordable prices and in more casual settings like fast casuals and QSRs. General liability claims are not likely to fade any time soon, either.

2024 494
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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Profitability remains a challenge for many restaurants, especially with prices for ingredients and labor going up. Diversifying your income sources can help offset rising costs and boost your overall profitability. Branded merchandise Selling branded merchandise lets you generate additional income while promoting your restaurant.

2024 243
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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

Sourcing Equipment. You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. Source: Smart Draw. Shelving if you're selling merchandise like hats or t-shirts.

License 459
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The Corner Store, Curated

EATER

As these brands have grown, they’ve created a submarket of mid-priced, fancy but unfussy products that would seem out of place in most big-box stores — many of them, after all, were initially designed to catch your eye in an Instagram post instead of on a store shelf. Is it responsibly sourced? Is it interesting?

Retail 258
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Your guide to the best restaurant merchandise ideas

Clover - Restaurants

One of the most effective ways to boost your business and generate additional revenue is by offering restaurant merchandise. From trendy accessories to gourmet muffin mixes, the right merchandise can turn your loyal diners into ambassadors, spreading the word about your eatery. Why offer restaurant merchandise?