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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

A bar is a profitable business option if you’re looking to enter the food industry. It just goes to show how important drink pricing and cost management are to maximizing profits. Bar profit margin and pour cost Some high-performing bars can reach higher margins by optimizing their costs and pricing strategies.

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How to reduce food waste in hotel operations

Hotel Owner

In buffet settings, encouraging guests to serve smaller portions initially with the option to return for more helps reduce the amount of post-consumer food waste left on plates. Portion control Portion control is a straightforward yet powerful strategy in the battle against food waste.

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COGS: Cost of Goods Sold Considerations for Your Restaurant Business

Synergy Suite

A high COGS percentage signals that a significant portion of revenue is channeled towards covering production costs, potentially impacting overall profitability. Understanding these trends can help you make informed decisions about pricing, menu adjustments, and inventory management.

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

7 Shifts

As such, monitoring the cost of goods sold (COGS) can make the difference between a thriving business and one that struggles to stay afloat. Whether you run a casual dining spot or a full-service restaurant, we’ll delve into what COGS is, the factors that affect it, as well as how you can calculate and control it.

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

The Restaurant Times

Pricing menu items for your restaurant business is one of the most challenging yet essential tasks. There are multiple ways of pricing the restaurant menu correctly. Or, serve meals at lower prices than your competitors. You can also work around your margins and quote a price that covers the essential cost.

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The Impact of Actual vs. Theoretical Food Cost on Profits

Synergy Suite

With the average food costs in a restaurant typically hovering around 30%, and global food prices rising at nearly 40% year over year , managing food costs is more critical for restaurants than ever. It serves as a benchmark for what the price should be under ideal circumstances, assuming no waste or deviations from portion sizes.

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5 Tips Saudi Restaurants Can Use To Control Portion Size And Control Food Costs

The Restaurant Times

Looking at the scenario, exercising portion control is crucial for a restaurant’s well being. In this article, we will discuss how restaurants in Saudi Arabia can execute portion control in their restaurants and increase their revenues. . Importance Of Portion Control In Restaurants . Reduces Wastage.