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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

One key area to focus on is drink sales, with cocktail sales accounting for about 23% of a bar's revenue. Take note that this is the net profit margin for bars, meaning it takes into account all of your expenses and is the true bottom line that shows how much money your bar is actually making. Did you know that just 1 oz.

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Restaurant Weighing Scales Guide: Why You Need Them in Your Restaurant  

Modern Restaurant Management

These weighing scales are designed to take the guesswork out of food measurement and ensure controlled costs and better inventory management. There are several different types of restaurant weighing scales on the market, and each one is designed for a specific function. Portion Control Food Scale.

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How to Read a Restaurant Profit and Loss (P&L) Statements

7 Shifts

These numbers might seem low, but only because the restaurant industry has many costs to cover, including ingredients, labor, rent, utilities, marketing, and other expenses. These costs can add up quickly, leaving a smaller portion of revenue as profit.

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2023 Outlook: Trends and Challenges Restaurants Will See, Part One

Modern Restaurant Management

More international brands will continue to enter the US market through delivery-only models. That could now ease somewhat as the recession forces some who have been on the sidelines back into the labor market as families need to make ends meet. CPG brands will realize new opportunities in restaurants.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Understanding and managing prime costs is vital for several reasons: Profitability: Prime costs, comprising both the cost of goods sold (COGS) and labor expenses, typically account for the largest portion of a restaurant’s expenses. Controlling them effectively can significantly impact your bottom line.

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Tips Saudi Restaurants Can Use to Get their Menu Pricing and Food Costs Right

The Restaurant Times

Labor costs, overhead expenses such as decor, ambiance, lighting, tableware, marketing efforts, etc. These are the food costs that keep fluctuating based on conditions prevailing in the market. Standard portion cost is the cost of serving one food item or beverage as per the standard recipe. constitute the indirect costs. .

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Ultimate Guide To Restaurant Cost Of Goods Sold (COGS) in 2024

7 Shifts

The remaining 70% can cover other expenses like labor, rent, and marketing, with the rest contributing to profit. One way to control packaging costs is switching from branded, custom-printed boxes to high-quality but unbranded containers. If this isn’t possible, you can reduce the cost per unit by buying in bulk.