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 […]
How to Buy a Restaurant: Everything You Need to Know, Financially
In this article we review the financial information you’ll need to evaluate purchasing a restaurant, including: finding good prospective restaurants for sale, recognizing high quality vs poor deals, and demonstrating your credit worthiness to lenders and investors, and more. Learn about the business A preliminary step in how to buy a restaurant is to gain […]
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 do Successful Restaurants Manage Inventory?
What’s the Best Way to Manage Your Restaurant Inventory? What is inventory management? How do successful restaurants manage inventory? Does your restaurant have a sound strategy for this critical restaurant to-do? You have questions about restaurant inventory management…and RASI has the answers! Our restaurant accounting software, including a powerful inventory management application, helps restaurants just like […]
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 […]
The Best Tips for Strategic Vendor Management
If you’re new to the restaurant business, you’ve probably heard about strategic vendor management but aren’t exactly sure what it entails. Well-experienced business owners in the field know it’s absolutely critical for maximizing not just ROI but also the relationships and connections that make every day in a restaurant run smoothly. What is vendor management, […]
How to Calculate Your Restaurant Prime Costs
Now is an excellent time of year for operators to look back at their prime costs and determine where they can increase efficiencies and decrease costs. Industry supply/transportation issues and labor shortages control much of the conversation these days. Having proper tools to keep tight control of your prime costs is essential to operational efficiency and profitability. […]
Top Strategies Restaurants Should Use To Reduce Supply Chain Impacts
The restaurant industry is still facing major impacts with issues in the supply chain. The issues begin all the way at the top; from the growers/farmers facing labor challenges. It then travels down through the manufacturers. The manufacturers are having trouble with the roller coaster opening and closing of the economy, making it difficult to […]