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 […]
Tag Archives: Restaurant Operations
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 […]
How To Start A Restaurant Business In India In 2021
Looking to start your own restaurant in India? Wonderful! With a rapidly expanding economy, India is an excellent country to establish a small or medium-sized business. However, diving into the unknown can be tricky. Starting your own restaurant in India involves many steps. If you miss one, then problems surface down the line. So, we […]