Remove Events Remove Portion Control Remove Training
article thumbnail

How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.,

Pricing 167
article thumbnail

How to Wield Restaurant Food Costs to Your Advantage

MBB Hospitality

Leveraging technology can streamline these processes, reducing waste and ensuring precise portion control. Train your staff to understand these margins as well, so they can effectively upsell higher-margin items. Training for Efficiency Staff training is a critical component in controlling costs.

article thumbnail

4 Proven Strategies Operators in Saudi Arabia Must Know To Grow Their Restaurant Profit Margin

The Restaurant Times

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. Hire qualified staff and provide them with proper training to be efficient and more productive.

article thumbnail

Gross Profit Margin: A Guide for Restaurants

Synergy Suite

Efficient portion control and recipe standardization can reduce waste and control expenses. Upselling Train staff to consistently suggest higher-margin items, special dishes, or add-ons to boost revenue. Nurturing strong supplier relationships to negotiate better pricing on quality ingredients is vital to control costs.

article thumbnail

Fast-Casual Academia, Climatarian Menu and Ice Auction

Modern Restaurant Management

TIPs offers training for individuals on the responsible sale, service and consumption of alcohol. It comes in single-use, portion-controlled pouches for easy distribution to diners eating in or taking out. Lewis, President, RPL Consulting, LLC (Events Marketing, Public, Community Relations Firm). NAB Acquires SALIDO.

Marketing 162