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 […]
Purchasing includes much more than just buying the products that you need for your restaurant. It includes determining the product grade and quantities, choosing the right supplier, and negotiating a price, among other responsibilities. Making the right decision is crucial as it can really affect your profit margins. If you’re not sure if you’re making […]
In the restaurant business, proper food storage is crucial for any business to be successful. And the freshness of the products is solely determined by how well the storage of these are maintained and monitored. But often, a large amount of food never makes it from storage onto the plates. These storage losses cost […]
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 […]
Operating a restaurant along the frontlines of exciting sporting action can appear to be a dream come true, but without careful planning it can go terribly wrong. Most restaurants throw money away without knowing it, and operating an establishment on a golf course isn’t immune to financial instability. Here are some ways you can avert […]
To efficiently manage and maintain your restaurant’s inventory from a digital perspective, restaurant management software such as Optimum Control’s range of streamlined programs and services is ideal. Acting as a clutter-free window into the inner mechanics and workings of your establishment’s various systems, it is ideal for business owners keen on simplifying purchasing and ordering […]
Inventory control for multi-unit chain restaurants is an absolute must. Should it get out of hand you’ll be left with useless expired product and unnecessary expenses to boot. To help you avoid any nasty surprises, here are some methods of keeping your collective inventory under firm control. Implement An Inventory Management System This is vital […]
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 […]
Many people don’t pause to consider the benefits of utilizing a catering service. Operations can be more easily controlled and observed, and it’s a great way of spreading your name to draw in more guests. Catering services also are great at minimizing food waste, if approached properly. Here are a few examples. Deliver Rather Than […]