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How Restaurants are Maintaining Profit Margins with Rising Food Costs

Horizon Hospitality

In an era marked by inflation and supply chain disruptions, restaurants face the formidable challenge of maintaining profit margins while food costs soar. The confluence of these economic pressures demands innovative approaches to menu planning, cost control, and supplier negotiations.

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

7 Shifts

As a restaurant owner, you're all too familiar with the constant struggle to stay profitable amidst rising costs. Whether you run a casual dining spot or a full-service restaurant, we’ll delve into what COGS is, the factors that affect it, as well as how you can calculate and control it. What is cost of goods sold (COGS)?

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

7 Shifts

Running a restaurant is not just about serving great food; it’s also about managing finances. With 50% of restaurant owners reporting inventory costs as the top concern last year, you must leverage reporting tools to see how much profit your restaurant is making and where your money is going.

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Restaurant Operations Overview: What You Need to Know

7 Shifts

All tasks in a restaurant are interconnected. The list goes on and on, but the point is that if something goes wrong in a restaurant's plan, it might only be a matter of time before the domino effect kicks in and has an impact on your guests, your staff, and your bottom line. That's why restaurateurs rely on restaurant operations.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Operating a thriving restaurant involves more than merely presenting delectable dishes and designing a welcoming ambiance. It requires a keen understanding of your restaurant’s finances and, in particular, the concept of prime costs. Controlling them effectively can significantly impact your bottom line.

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Utilizing Waste and Food Cost Control Data in Restaurants

Synergy Suite

In the complex world of restaurant management, waste and food cost control stand as paramount metrics for sustained success. From deciphering the components of the equation to scrutinizing key data points, let’s delve into the essential elements that define effective cost control in the culinary world.