Finding the Right Food Suppliers for Your Restaurant
Factors to Consider When Choosing Food Suppliers Quality of Products The first and most important attribute of a restaurant food supplier is that they have high-quality products. However talented your chef is, they can’t overcome poor ingredients, so make sure your suppliers have fresh, quality goods. On each delivery, carefully assess incoming produce to ensure […]
Profit Margin Calculator: Understanding and Improving Restaurant Profit Margins
Profit margin is a guidepost to the overall health of your business. If you have a solid profit margin, that means you earn substantially more than the cost of production on each sale. It’s common to target a certain profit margin in operational decisions. Profit margin can be used as a tool for pricing, and […]
Restaurant Produce Ordering Guide
Does your restaurant have a streamlined, dependable process for ordering produce? From smaller, independent establishments to large franchises – and every restaurant in between – it (literally) pays to have a restaurant produce order guide that works for your kitchen staff. A produce order guide is the ultimate money saver, and it’ll ultimately benefit your […]
Restaurant Produce Storage Guide
How you utilize your restaurant ingredients to eventually make tasty meals is important. But what about when those ingredients, particularly produce, are in storage? Are you up to speed on the latest restaurant food storage guidelines? Master this tactic, and you’ll be amazed at how everything from profit margins to customer satisfaction improves. While we’re […]
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” […]
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 […]
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 […]
How Do Restaurants Use Data Analytics?
When it comes to restaurant data, most operators record and track basic sales data, such as tickets, ticket size, tips, and nightly totals for food and beverage. They may be doing this manually, or directly through their point of sale (POS) system. Your average restaurant then takes this basic sales data, copies it into spreadsheets, […]
Turn Your Restaurant Analytics into Profitable Business Intelligence
Today, innovative restaurants are using business intelligence to drive operational efficiencies, improve profitability, and reduce managerial burdens. How do they do it? The clearest way to understand restaurant business intelligence is to run through example metrics used by experienced operators. Note that in order to use business intelligence in your restaurant, you need to be […]