If you’re going to run a successful restaurant business, there are a few management tasks you simply cannot avoid: counting your inventory, tracking your sales, and restaurant menu costing. Menu costing is particularly essential to protecting your bottom line. In the restaurant industry, your sale prices are your only source of revenue – to stay […]
The restaurant business tends to get a boost in the holiday season: with more people out shopping, they are often also looking for a place to relax and refuel. Large party bookings increase with festive celebrations, as does the demand for catering services. And while the holiday season can bring in new and more business, […]
Now that the busy summer restaurant season has begun, the time for hiring more summer staff has also now arrived. With high school, college and university students out looking for summer jobs, restaurant and bar owners are now staffing their patios and extended hours with a larger roster of temporary summer help. But as minimum […]
If recent consumer trends are any indication, it’s only going to be more and more common that customers at your restaurant will request substitutions to the menu items they order. Be it allergies, intolerances, diet restrictions or just individual preference, the list of possible substitution requests is nearly endless – while the opportunity to prepare […]
One of the hardest things to master when you own a bar is setting drink prices. Finding the sweet spot where you can make profits and still drive sales is important. You definitely don’t want to be the bar that is too expensive and always empty or too cheap and losing money. So, how do […]
One of the biggest misconceptions that many restaurant owners have is that delicious food and a nice setting will be enough to allow their business to flourish. Although those two ingredients are crucial, if you don’t take control of expenses, or figure out what is cutting into your profits, you could end up bankrupt in […]
Food costs can make or break a restaurant business. If owners are not up-to-date on their inventory, supplier pricing, and waste management, they can experience significant cuts to their profit margins. If your business needs more help to manage expenses, here we outline five things you can start doing today to rein in your food […]
Patrons might appreciate it when you let the booze flow, but at the same time your budget will slow to a trickle should costs get out of control. Managing inventory expenses efficiently is key to managing a profitable business and staying in the black. Here are a few methods of liquor inventory control that could […]
With ever-increasing food and labour costs, the restaurant budget requires consistent maintenance and management to stay in a healthy place. Here are just a few ways you could drastically reduce your restaurant’s food costs and help support a comfortable bottom line. Inventory Management Having an efficient and accurate inventory management system in place will help […]
It’s no secret that the restaurant industry can be a fickle friend. Restaurant owners and managers have to remain constantly engaged with their finger on the pulse of the most recent trends and consumer desires to remain relevant and competitive. Restaurant owners also need to remain diligent in balancing the books and ensuring they are […]
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