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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. Choosing this option is beneficial if your restaurant is in a competitive market where people use these apps frequently.

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

Modern Restaurant Management

More international brands will continue to enter the US market through delivery-only models. Collaborations : Collaborations, such as partnering with a well-known designer on staff uniforms or bringing in guest chefs for special events and pop-ups, will continue to capture consumer attention.

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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. Additionally, exploring local markets and seasonal products can yield fresher ingredients at lower costs due to reduced transportation expenses. Another aspect of strategic purchasing is the consolidation of suppliers.

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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. Dynamic pricing strategies during peak hours or for popular dishes can boost revenue.

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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.