There are many variables that play into your bottom line. From unchanging costs like rent to fluctuating costs like utilities, restaurant owners and accountants have their hands full when navigating the financial pitfalls that can turn a profit into a sinkhole.
Working in the food industry is not an easy job. Restaurant owners, cafe owners, and other food industry managers have a tough job, filled with tons of tasks and chores. Luckily, in today’s day and age, people in the food industry are able to use technology to better organize their businesses.
Restaurants operate on a well-known small margin-of-profit, so any changes that may impact their bottom lines can truly make or break a company. Recently, restaurant owners have had to analyze the impacts of a minimum wage hike, but now a new regulation threatens to further drive a wedge between employer and employee, with employees taking the brunt of the negatives that come with the change.
When ordering commodity food items like breads, milks, and eggs for instance, restaurants generally have a ballpark figure that rarely swings to extremes. This helps with planning and finance management, but commodities that we may take for granted in terms of pricing are about to throw us for a loop. Nation’s Restaurant News reports on some of the key commodity cost changes that we may already be seeing or can expect to see change in the near future.
Change can be a hard aspect of life to deal with, and for the foodservice industry, the result is no different. Unless you’re a nationally-recognized chain restaurant, embracing change may be the key to success.
Fryers can be pivotal for your restaurant’s kitchen, acting as the backbone to your appetizer and entree menus. With uses across the board, ensuring that you’ve invested properly in your fryer is key to extending its longevity. Is purchasing a filter for your fryer an investment worth making?
Lemons are an integral part of any bar, and restaurants tend to use them across their menus as well. If you aren’t using the entire lemon in your restaurant, you’re missing out on some of the key health benefits that they provide!
From packing everything up to learning how to ship frozen food in the best way possible, this guide has you covered. First, let’s discuss how to pack up frozen food. There are a few different aspects to consider when packing up frozen food to be shipped.
There’s a new generation of workers that are entering the foodservice workforce. As the first millennials reach their mid-30s and start stepping into leadership roles, employers are starting to get to know the oldest members of Generation Z.
Foodservice establishments face the relentless challenge of keeping staff from leaving. There are many reasons why restaurant owners must keep employees from leaving frequently. Not only does a high turnover rate decrease staff morale and productivity, it also increases the cost of hiring and training new employees and negatively affects your restaurant’s bottom line.
February is right around the corner, and Valentine’s Day lies therein. With the lovers’ holiday comes a barrage of marketing gems, and restaurants can capitalize on these promotional items as well to gain the most profit during the season!
With the rise of blogging websites on the internet, everyone feels like it is their personal responsibility to share their opinion with the world. Reviews on websites such as Yelp! range from perfect to utterly negative, and even a single poor review can result in a decrease in business for a restaurant. Chefs and cooks must take special care to ensure that food is prepared in a uniform fashion, and restaurant equipment can help them follow instructions to the letter.
Ticket times are the bane of many chef’s existence, pressuring cooks and waitstaff alike to get quality meals out in a timely manner. While a strict ticket time may be required by corporate or general management, the fact of the matter is that there are many factors that can influence its enforcement, and many more factors influencing its reality.
If you offer table condiments that are constantly stocked and stationary on tables, you may be inviting an unnecessary cost into the financial equation. To help get a hold on portion and price control, it may be time to nix the table condiments in your restaurant!
By combining the use of upselling as suggestive-selling in regards to appetizers and desserts, you can increase your ticket averages and even tips! Learning to use appetizer and dessert sales to increase ticket averages and tips can equate to an exponentially more profitable restaurant business.
Suggestive selling is an easy way to increase ticket averages and tips in an unobtrusive and pleasant manner. Let’s take a closer look at suggestive selling and how to incorporate it into your restaurant in a way that is profitable.