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How Restaurants are Maintaining Profit Margins with Rising Food Costs

Horizon Hospitality

Promote high-margin dishes through strategic menu placement and server recommendations. 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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Restaurant Operations Overview: What You Need to Know

7 Shifts

Portion control in the kitchen saves on inventory, which helps keep the restaurant profitable. Some tools that help out in this area include restaurant accounting software, as well as processes that restrict profit loss like portion control and employee scheduling software that promotes time clocking integrity.

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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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Utilizing Waste and Food Cost Control Data in Restaurants

Synergy Suite

Monitor portion control and inventory to control costs. That means 72% – 65% of the money spent by a customer on a menu item could go toward things like paying cooks, paying servers, paying rent, and taking care of any other costs needed to keep your restaurant thriving.

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

Modern Restaurant Management

Technology aids this evolution in every way possible including: ordering kiosks, quick training apps, AI powered drive throughs and computers or robots cooking the food. As a result, an increased emphasis will be placed on journey mapping the entire guest experience and ensuring that value is added at every touchpoint.

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

7 Shifts

For example, training your kitchen staff on portion control can reduce food waste, and teaching your servers to upsell high-margin items can boost sales. Help your team understand restaurant P&L implications Educating your team on managing costs can foster a culture of financial responsibility within your restaurant.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Effectively managing food costs is essential for maintaining profitability and sustaining a competitive edge and involves monitoring ingredient prices, negotiating with suppliers, minimizing waste through proper inventory control, and implementing portion control practices.