7 Shifts
OCTOBER 28, 2024
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. Regular training and spot-checks also help maintain consistency, leading to better control over pour costs and higher profitability for your bar.
7 Shifts
JULY 25, 2024
Offering additional services, like delivery and takeout, meal kits and subscription boxes, and even catering and hosting special events can unlock new growth opportunities. Additionally, catering large events can help you manage your inventory more efficiently, reducing food waste and maximizing profit.
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Modern Restaurant Management
DECEMBER 21, 2022
Restaurateurs may very well look to expand beyond the typical pop up, food truck, festival or off-premises event to more interesting, intimate venues like social influencer kitchens, dining rooms and gardens. To differentiate your concept from another, you have to offer both. ” We’ll see an increased focus on music (e.g.,
The Restaurant Times
OCTOBER 5, 2020
A restaurant’s profit margin can get affected by a slight change in customer preferences or an unexpected event. Adopt measures to decrease the amount of food you throw away by focusing on correct portion control. Inflation, rentals, crises such as Covid-19, etc. can affect your margins noticeably.
The Restaurant Times
JANUARY 23, 2022
For example, your restaurant management software may predict a boost in footfall and fruit smoothie sales based on factors such as the weather and local events such as a family fun run sponsored by a nearby fitness club for its grand opening.
Synergy Suite
OCTOBER 12, 2023
Efficient portion control and recipe standardization can reduce waste and control expenses. Nurturing strong supplier relationships to negotiate better pricing on quality ingredients is vital to control costs. Menu price adjustments that align with changing ingredient costs are essential to safeguarding profitability.
MBB Hospitality
NOVEMBER 15, 2023
Leveraging technology can streamline these processes, reducing waste and ensuring precise portion control. Implement dynamic pricing for peak times or special events, and consider time-bound promotions to drive traffic during slower periods. Revenue Management Strategies Beyond managing costs, focus on maximizing revenue.
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