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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.

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How Restaurants are Maintaining Profit Margins with Rising Food Costs

Horizon Hospitality

Local sourcing reduces transportation costs and supports community producers, fostering goodwill and potential marketing opportunities. Portion Control: Implementing strict portion control ensures consistency and reduces waste. Train staff to measure ingredients accurately and monitor portion sizes regularly.

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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. That could now ease somewhat as the recession forces some who have been on the sidelines back into the labor market as families need to make ends meet. CPG brands will realize new opportunities in restaurants.

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How to Read a Restaurant Profit and Loss (P&L) Statements

7 Shifts

These numbers might seem low, but only because the restaurant industry has many costs to cover, including ingredients, labor, rent, utilities, marketing, and other expenses. These costs can add up quickly, leaving a smaller portion of revenue as profit.

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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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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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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. A hybrid grab-and-go market and cafe serves both breakfast and lunch, is tailored to the needs of sizable office buildings and features the best local restaurants in rotation. Each member of the coalition is committed to responsibility.

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