Remove Accounting Remove Portion Control Remove POS Systems
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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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Ultimate Guide To Restaurant Cost Of Goods Sold (COGS) in 2024

7 Shifts

Phil Gadd, owner of The Loaf Bakery, said their company saved on labor costs by 4% when they used 7shifts with their POS system. One way to control packaging costs is switching from branded, custom-printed boxes to high-quality but unbranded containers. To set par levels, start by analyzing your sales data.

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4 Proven Strategies Operators in Saudi Arabia Must Know To Grow Their Restaurant Profit Margin

The Restaurant Times

One can calculate the net restaurant profit margin for an accounting period by dividing net income by sales. Adopt measures to decrease the amount of food you throw away by focusing on correct portion control. Wastage in the kitchen is unavoidable but must be controlled to combat the excessive costs. The formula is : .

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How to Wield Restaurant Food Costs to Your Advantage

MBB Hospitality

Leveraging technology can streamline these processes, reducing waste and ensuring precise portion control. Implementing software that integrates with your point-of-sale (POS) system can provide real-time data on food usage, allowing for immediate adjustments in purchasing and menu pricing.

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