article thumbnail

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.

article thumbnail

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

Modern Restaurant Management

Portion Control Food Scale. Portion control food scales are used in restaurant kitchens to make sure that the portion size of your serving is consistent. By making sure that you dish out properly sized portions, you can save money and manage your inventory better. Digital Price Computing Scale.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Restaurant Operations Overview: What You Need to Know

7 Shifts

For successful implementation of these processes, restaurants often rely on tools for accountability and optimization, including technology, templates, systems, and planners. Portion control in the kitchen saves on inventory, which helps keep the restaurant profitable. Areas of restaurant operations.

Server 145
article thumbnail

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

7 Shifts

For example, training your kitchen staff on portion control can reduce food waste, and teaching your servers to upsell high-margin items can boost sales. This component shows the final measure of your restaurant's financial performance after accounting for all revenue and expenses.

article thumbnail

Utilizing Waste and Food Cost Control Data in Restaurants

Synergy Suite

Monitor portion control and inventory to control costs. As you’re aware, there are several costs to take into account when running your restaurant, so the lower you can get your food cost percentage while still maintaining quality menu offerings, the better. Keep an eye on food waste and implement strategies to reduce it.

article thumbnail

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

7 Shifts

One way to control packaging costs is switching from branded, custom-printed boxes to high-quality but unbranded containers. Portion control Portion control or managing the amount of food served to customers can help you reduce waste, use ingredients wisely, and maintain consistent restaurant food costs.

article thumbnail

Gross Profit Margin: A Guide for Restaurants

Synergy Suite

Gross profit margin is a fundamental financial metric that reveals the percentage of revenue left after accounting for the cost of goods sold (COGS). These metrics go beyond merely counting revenue and expenses; they reveal the core profitability of the business, while accounting for various financial components.