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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. Additionally, setting consistent drink recipes and using portion control tools like jiggers can prevent over-pouring and make sure you’re getting the most out of each bottle. Did you know that just 1 oz.

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Restaurant Operations Overview: What You Need to Know

7 Shifts

Portion control in the kitchen saves on inventory, which helps keep the restaurant profitable. Some tools that help out in this area include restaurant accounting software, as well as processes that restrict profit loss like portion control and employee scheduling software that promotes time clocking integrity.

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

7 Shifts

It helps you see if your restaurant is making a profit or a loss, allowing you to understand your company’s performance and achieve your business goals. For instance, when creating a restaurant business plan, you need a projected P&L statement if you plan to grow your business or attract investors.

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7 Tips to Control Restaurant Spending in 2022

Restaurant Engine

You can stay on top of trends in your inventory spending so you can adjust quickly to control spending. #3: Another smart business decision is to reduce your restaurant’s waste. This includes watching your portion sizes and rotating products before they go bad. 4: Take a Look at Portion Control.

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COGS: Cost of Goods Sold Considerations for Your Restaurant Business

Synergy Suite

This approach not only enhances customer satisfaction through menu familiarity but also allows for better control over costs, ensuring a resilient and sustainable business model in the face of market uncertainties. Schedule a demo today to see how SynergySuite can help you take your restaurant business to the next level.

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MRM Research Roundup: Mid-December 2020 Edition

Modern Restaurant Management

. “This is a challenging time for both consumers and businesses. “It’s encouraging to see consumers continue to rally and support local businesses, with many planning to purchase merchandise, specialty items and gift cards as holiday gifts.” The Restaurant of the Future is Here Now.

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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.