Menu

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 … Continued

What is Cutting into Your Restaurant Profit?

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 … Continued

How to Rein in Food Costs

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 … Continued

Controlling-Liquor-Costs-in-Your-Bar

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 … Continued

Ways-to-Reduce-Your-Restaurant’s-Food-Costs

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 … Continued

Factors that can affect your restaurant

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 … Continued

effective recipe costing for restaurants

Calculating your cost per plate for any dish on the menu is essential to establishing consistent profitability and guarantee the success of your restaurant. There are numerous factors to consider when calculating those costs; do you include the complimentary bread and butter on the tables? What about the cost of the frying oil and liqueur … Continued