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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Choosing this option is beneficial if your restaurant is in a competitive market where people use these apps frequently. For instance, you could host multi-week series, single-session intensives, or even one-off demo-style events. Encourage attendees to share their experiences online social media for word-of-mouth marketing.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

In essence, a keen understanding and effective management of prime costs become indispensable tools for restaurants aspiring not only to thrive in a competitive market but also to build a sustainable foundation for long-term financial success. This category includes: Alcoholic Beverages: The cost of wine, beer, spirits, and mixers.

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Gross Profit Margin: A Guide for Restaurants

Synergy Suite

Gross profit margin measures the profitability of a restaurant’s core menu items after the cost of goods sold is considered, but operating profit goes further by accounting for costs like labor, rent, utilities, marketing, and other overhead expenses. Promote high-margin items through marketing and menu placement.

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COGS: Cost of Goods Sold Considerations for Your Restaurant Business

Synergy Suite

Consistent monitoring of COGS trends allows for proactive responses to market changes, ensuring that the delicate balance between cost and revenue remains in harmony. Implement efficient inventory management practices to minimize waste and control ingredient costs.

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EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

Bloom Intelligence acquired SuperFi, a WiFi marketing company that provides professional email marketing services with advanced segmentation and analytics. a WiFi marketing and analytics platform for digital agencies, in December 2019. Bloom Intelligence Acquires SuperFi. Financial details of the deal were not disclosed.

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Sustainable Hotels: Practical Steps to Achieve Eco-Friendly Hospitality

Hotelogix

Portion Control : Offer flexible portion sizes to minimize leftovers while meeting guest needs. A step-by-step approach ensures a smoother transition, empowering hoteliers to stay competitive in an increasingly eco-conscious market. Contact Hotelogix for a free demo today and take the first step toward a greener future!