Restaurant Financials

how to increase bar sales

Want to increase your bar profit margins? You need the right strategy – and proper management. Bar sales naturally have higher profit margins compared to food sales and there’s little overhead. 

In fact, the average beer and wine bar profit margin is 10-15%. 

But there’s always room for improvement.

Read more2023 Guide to Increasing Bar Revenue In 9 Easy Steps

business capability roadmap

Restaurants face a number of challenges when it comes to marketing and management. The key to success is to determine your business capability and optimize operations to better align your marketing and management for success. 

But how do you determine your capability? How does business capability mapping work, and what are the benefits? Let’s take a closer look at the process.

Read moreHow Business Capability Mapping Can Improve Restaurant Success

restaurant franchise

Restaurants that are franchises have a lot of perks. You can start your restaurant franchise with a name that is well-known, trusted and even generates sales with minimal advertising. However, there are perks and drawbacks to owning and running one of these businesses that you must consider.

Read moreRestaurant Franchises: Marketing, Ownership and More

people at restaurant

It's your dream to open a restaurant. There’s just one big problem: money. Securing financing for restaurants is one of the biggest obstacles that owners face when trying to launch their businesses.

Fortunately, there are many ways to get restaurant business financing.

Read more5 Ways to Finance Your Restaurant Business

increase sales in restaurant

Do you want to know how to increase sales at a restaurant? Use technology.

Restaurants have a lot of data at their disposal that they don't know how to use.  When customers come in for dinner, you have vital information that you can collect

Read moreHow to Increase Restaurant Profit Margins With Technology

how to increase profit of a restaurant

Looking for a way to increase your take-home pay as a quick-service restaurant owner? Reducing your utility costs may be a viable solution.

Along with increasing sales and reducing product waste, cutting back on your utility expenses can mean big profits for your restaurant.

Read moreReducing Utility Costs Can Mean Big Profits for Quick-Service Restaurants

restaurant trends

The restaurant industry has been struggling since the start of the pandemic. More than 110,000 American eateries closed in 2020 alone. Lockdowns and restrictions made it harder for restaurants to operate, but as things get back to normal, a new restaurant customer satisfaction survey found that restaurants aren't out of the woods yet.

The latest Restaurant Industry Guest Satisfaction & Opinions Report shows that food establishments face another challenge: declining guest satisfaction.

Read more3 Restaurant Trends That are Improving the Customer Experience

tipping at a restaurant

Restaurant tipping laws are evolving, and it's crucial that restaurant owners and managers follow these law changes carefully. With the changing of presidents in 2021, some changes have already been made to tipping laws that restaurant owners must comply with.

Read more3 Ways The Tipping Laws at Restaurants Have Changed in 2021

how to increase restaurant sales

The goal of any restaurant business is to achieve long-term growth. Realizing that growth is no easy task. It requires innovation, dedication, and the ability to capitalize on trends.

Read moreHow to Increase Restaurant Sales: Strategies for Growth

franchising advantage and disadvantages

When you open up your business, will you open as an independent company or a franchise? Buying a franchise restaurant is a great idea for some, but non-franchise restaurants, or independent options, provides its own benefits.

Read moreIndependent Ownership vs Franchise Restaurant

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