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 […]
Tag Archives: Restaurant Menu Profitability Analysis
How To Manage Your Restaurant Back of House
However ‘difficult to succeed’ people may refer to the restaurant industry as, the numbers don’t lie. As of 2020, the restaurant industry employed 11.26 million people in the US alone. It clearly shows that despite the challenges posed by the restaurant industry, a lot of people still enter it with the intent to start a […]
7 Innovative Restaurant Ideas for 2021
In 2020, 110,000 eating and drinking establishments closed their operations in the United States due to the pandemic. In addition, 87% of surveyed restaurants reported an average 36% drop in revenue (source). While the worst phase of the pandemic appears to be over, restaurants should have a fresh look at their marketing foundation and follow […]
14 Ways To Increase Restaurant Sales & Profitability
The uncertainty posed by the pandemic has increased the challenges for the restaurant industry tremendously. As if the erratic and scanty profits weren’t enough of stress, now restaurant business owners have to additionally deal with the reduced or fewer walk-in customers because of the social-distancing norms. While many were forced to operate with the delivery-only […]
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 […]