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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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Ultimate Guide To Restaurant Cost Of Goods Sold (COGS) in 2024

7 Shifts

Phil Gadd, owner of The Loaf Bakery, said their company saved on labor costs by 4% when they used 7shifts with their POS system. One way to control packaging costs is switching from branded, custom-printed boxes to high-quality but unbranded containers.

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

The Restaurant Times

Adopt measures to decrease the amount of food you throw away by focusing on correct portion control. Wastage in the kitchen is unavoidable but must be controlled to combat the excessive costs. Employ a POS system that comes with comprehensive recipe management and inventory management features. Leverage Technology.

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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. Implementing software that integrates with your point-of-sale (POS) system can provide real-time data on food usage, allowing for immediate adjustments in purchasing and menu pricing.

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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Research and compare different online ordering platforms and other point-of-sale (POS) systems like Toast, TouchBistro, and Square. Another approach is to integrate an online ordering feature or plugin into your website and leverage your FOH as delivery drivers.

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6 Strategies To Control Rising Food Costs Of The UAE Restaurants

The Restaurant Times

The comprehensive item-wise and ingredient-wise reports offered by a POS system make it easier to track which item is getting the most sales and which is contributing zilch to the revenue. It alerts you whenever you need to restock your inventory to avoid wastage of raw materials. .