Remove Events Remove Portion Control Remove Special Events
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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

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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2023 Outlook: Trends and Challenges Restaurants Will See, Part One

Modern Restaurant Management

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.,

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How to Wield Restaurant Food Costs to Your Advantage

MBB Hospitality

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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Gross Profit Margin: A Guide for Restaurants

Synergy Suite

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.

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EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

Pre-COVID, companies provided food to employees and guests for meetings, events, or as a perk. " Playlists are curated by professionals and designed to generate energy levels to fit the mood, time of day, and special events. Relish by ezCater.