11 Pricing Strategies for Restaurants To Increase Profits

The restaurant business is fairly straightforward – you make money from the food you sell. So unless you have priced your restaurant menu smartly, it is quite difficult to make a healthy profit. Most wannabe restaurateurs feel pricing a menu doesn’t need a deep understanding of costing and instead go with gut feel, approximation, and […]

How To Calculate Restaurant Prime Costs [Formula]

Learn how to calculate restaurant prime costs to increase the profitability of your restaurant. This pandemic has been the worst nightmare for the food & beverage industry. No matter what country you reside in, the lockdowns and the limited operating capacity has definitely put a dent on your sales. Restaurant owners are forced to adapt […]

A Comprehensive Guide To Understanding COGS For Your Restaurant

Running a restaurant can be easily termed as a Herculean task, especially in a pandemic. With new restaurants struggling to break even and established ones working on negligible profits, it takes more than just a quality dine-in experience to survive these tough times. But even before the pandemic, a lot of restaurants faced challenges surviving […]

Chart of Accounts for Restaurant (Free Download)

The restaurant industry is ever-growing. Each year we see numerous restaurants opening up and then some fizzling out. A lot of websites claim that the restaurant closure rates are as high as 90% but this myth was busted by popular research that showed only 17% of restaurant startups failed in their first year. But what […]

13 Ways To Apply Menu Engineering For Restaurant Profitability

Menu isn’t just a price list written in black and white. It’s in your hands to design your menu in a way that will encourage your guests to order your most profitable recipes. The process that’s responsible for designing, pricing, and positioning your menu items is called menu engineering. According to Gofrugal, “Menu engineering is […]