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Top 10 Restaurant POS Features Essential for Propelling Business Success

Lithos POS

The point of sale, or POS, is an intricate software and hardware combination used to process transactions. A well-chosen POS software solution can streamline operations and enhance customer experience saving you money and time. But first, let’s define what a point-of-sale system is.

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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. When your team understands how their actions impact the restaurant’s profitability, they’re more likely to contribute to cost-saving efforts and efficient operations.

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The Break-Even Point: A Key to Restaurant Financial Success

Synergy Suite

Common fixed costs in the restaurant industry include: Rent: Your monthly lease or rental payments for your restaurant space. Salaries and Wages: The salaries of your staff, including chefs, servers, and managerial roles. Insurance: Costs for property and liability insurance to protect your business.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Labor costs can be further divided into two main categories: Back-of-House (BOH) Labor: This includes kitchen staff, such as chefs, cooks, and dishwashers, who are responsible for food preparation and maintaining kitchen cleanliness. Implementing strategies to manage these expenses can lead to cost savings.

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Worried About High Restaurant Labor Costs? Here are 8 Strategies Saudi Restaurants Can Use to Control Them

The Restaurant Times

Part-time help can prove to be a great labor cost reduction strategy for restaurants. The kitchen team can be assigned the purpose of keeping food costs under control. Similarly, all the servers can be assigned to generate a certain sales figure. Invest In Hiring.

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Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency

Synergy Suite

Cost Reduction One of the most direct benefits of an improved inventory turnover ratio is the reduction in holding costs. Lower inventory turnover ratio often results in higher holding costs as your capital is tied up in inventory that isn’t being sold quickly.