Restaurant Menu Pricing: The Secret to Your Restaurant Success
Restaurant Menu Pricing: The Secret to your Restaurant’s Success What’s the one key ingredient – figuratively speaking – of your restaurant’s ultimate success? Some restaurant or bar owners think it’s all about location, location, location. Others may lean toward a loyal customer base. And don’t forget about seasonal swings and capitalizing on the “perfect timing” […]
Restaurant Permits & Licenses Needed to Open a Restaurant
Restaurant Permits and Licenses Overview Disclaimer: This blog article is strictly for educational and informational purposes only and is not intended to provide tax, compliance, legal or other advice/counsel. Every restaurant owner/operator is ultimately responsible for its own compliance with federal, state, and local regulations in regard to licenses and permits. Please contact your attorney […]
How to Calculate Food Cost
The Importance of Calculating Food Costs Every restaurant operator has a multitude of responsibilities. From profit optimization to menu engineering, there’s never a shortage of factors to contend with. Thanks to recent spikes in inflation and rising costs, food cost percentage is suddenly back as a hot topic — and for good reason. By even […]
How to Manage Restaurant Staff
Optimal Ways to Manage Your Restaurant Staff The recipe for a great restaurant manager starts with this foundation: managing restaurant staff. Whether you’re thinking about accepting a promotion to a management position, or if you’re already a manager and would like to learn innovative ways on how to manage restaurant staff, the following restaurant management […]
5 Important Restaurant Management Skills
Restaurant Management Skills Every well run organization starts at the top. Sometimes, managers are brought in from another restaurant. And more often than you think, regular employees are promoted to manager. But which restaurant management skills separate the good leaders from the great ones? What’s more critical – organization or people skills? And what tools […]
Restaurant Accounting: A Complete Guide
The Ultimate Guide To Restaurant Accounting Getting a restaurant up and running is a challenge. Keeping a single establishment or franchise profitable over months and years is even more so. What separates the restaurants that quickly fail from those that have been established for an extended period? Sales & Expenses Point-of-sale (POS) Transactions Financial Reporting […]
Restaurant Assets: Everything You Need To Know
Do you know everything about your restaurant assets? Not just what they are, but how your restaurant’s assets interact with other critical elements of that indispensable, indisputably important financial report, the balance sheet? Below, you’ll find RASI’s all-in-one resource on restaurant assets. In this article, we’ll cover: How assets of a restaurant are defined Difference between restaurant long-term vs. […]
What Are Restaurant Manufacturer Rebates?
Staying competitive and profitable in the dynamic restaurant industry is a constant challenge. One essential aspect that can help restaurants maximize their revenue and minimize costs is leveraging manufacturer rebates. What are manufacturer rebates? Restaurant manufacturer rebates are financial incentives offered by suppliers to restaurants based on their purchase volumes or specific marketing agreements. Restaurant […]
The Importance of Franchise Accounting
A franchise is all about authorization. For entrepreneurs and small business owners, owning a franchise offers them the ability and support to carry out the larger corporation’s core company offerings and commercial activities. Suppose your restaurant is part of a franchise, or you own a group of individual restaurants that comprise a franchise. There are […]