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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

On the other hand, for lower-cost items like beer, you can bundle or offer happy hour specials to drive more volume and profit. Locally sourced beer is also a great way to differentiate your bar from competitors. You can introduce themed drinks or seasonal specials that keep your customers coming back for something new.

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The Enduring Appeal of Signature Staples at QSRs and Beyond

Modern Restaurant Management

These timeless menu items have been meticulously crafted and perfected over the years, holding a special place in the hearts (and stomachs) of many. Innovate with core items, throwback campaigns, packaging and merchandise to give newness to the menu. In the $387.5

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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. Diversifying your income sources can help offset rising costs and boost your overall profitability. Create specialized catering menus tailored to different types of events to enhance this revenue stream further.

2024 243
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MRM Research Roundup: Mid-April 2020 Edition

Modern Restaurant Management

But as much of the story written during the month, it is really the last two weeks that require special attention. So it is quite unsurprising that over a third of respondents indicated discounts and special offers as a way to earn their business, it may be something to test. Guest Check Growth Flat, Widening Spread Between Segments.

2020 491
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How Restaurants, Retail and Mixed-Use Environments Are Capitalizing on a Surging F&B Market

Modern Restaurant Management

More than ever, restaurants are a critical part of the inline merchandising mix, generating approximately $160 million in annual F&B volume. From startup space and test kitchens to JV partnerships in new concepts, nontraditional F&B partnerships can be a rich source of exciting new ideas.

Retail 275
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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

How was the food sourced or produced? Restaurants will lean into serving ingredients that create a craveable, memorable and unique experience for their customers at a more accessible price, making it a more accessible treat that’s not only for special occasions.

2024 493
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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

Sourcing Equipment. And, when customers feel overwhelmed they'll likely revert to the familiar which can harm your profits if that familiar offering is a lower margin one (like regular coffee instead of a special drink). Source: Smart Draw. Shelving if you're selling merchandise like hats or t-shirts. Obtain Funding.

License 459