Restaurant sales forecasting helps you better manage your inventory and goods so that you know exactly what items you need to stock up on and which are running low. If you have insights into your future sales, it opens the door to streamlined operations and better management of your eatery.
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.
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.
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.
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.
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
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.
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.
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.
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.
