article thumbnail

How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

Locally sourced beer is also a great way to differentiate your bar from competitors. To get started, create a unique menu that features signature drinks using premium ingredients or locally sourced spirits. Selling branded merchandise is another smart way to boost your bar's profitability.

article thumbnail

How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Employees designated as receivers should be able to both recognize various quality levels of merchandise and be trained how to handle the necessary paperwork and any digital recordkeeping. Using a tool like a food waste log can help managers record sources of waste at the time it happens for analysis later.

Inventory 450
Insiders

Sign Up for our Newsletter

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

article thumbnail

Is Your Ice Cream Too Cold? Lessons in Fighting Friendly Fraud

Modern Restaurant Management

A merchant typically has 45 days to dispute a chargeback and even when they do, they need to have kept meticulous records about the condition of the merchandise, the transaction itself as well as the delivery method, often including pictures. What’s in a Chargeback?

article thumbnail

The Enduring Appeal of Signature Staples at QSRs and Beyond

Modern Restaurant Management

Innovate with core items, throwback campaigns, packaging and merchandise to give newness to the menu. With strategic planning, thoughtful execution, and a dash of creativity, QSRs can ensure that their menu remains a timeless source of culinary delight for years to come.

article thumbnail

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. Is it responsibly sourced? That’s where today’s specialty food store comes in. Is it interesting?

Retail 257
article thumbnail

Restaurant Innovation That Goes Beyond Menu Items

Modern Restaurant Management

Innovation helps restaurants stay competitive and those involved in operations and sourcing need to always be looking for the next thing that grabs attention, differentiates, and brings value to their patrons. We hear frequently how innovation is a mainstay for business survival and growth. So where is the first place we look for innovation?

article thumbnail

7 key restaurant revenue streams to prioritize in 2024

7 Shifts

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. Which income sources bring the most revenue to restaurants?

2024 243