Whether you have a restaurant or bar, one of the most important things you’re most likely concerned about is your inventory. How are you going to efficiently manage your restaurant inventory so that you can prevent loss? The best way is to employ a reliable system for inventory management so that you can accurately keep […]
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How to Calculate the Break-Even for Restaurants?
There is a myriad of things you should pay attention to when opening a restaurant. Whether it’s the size of your menu, the price of the venue, or labor expenses – it all has to be accounted for before you actually open the doors to the public. On top of that, the second most important […]
How to Calculate and Reduce Overhead Costs in Your Restaurant?
Running a restaurant is pretty great, but it does come with a fair share of nuisances and obligations. Calculating restaurant overheads is not as simple as it sounds, but it’s also not exactly rocket science. As long as you know what you’re doing and as long as you manage to keep everything under control, calculating […]
What is the Average ROI for Restaurants?
While running a restaurant seems like a pretty straightforward thing, there is much more to it than meets the eye. For example, if you’re planning to open a restaurant and make some profit, the first thing you need to calculate is when you are going to break even. ROI stands for return on investment. In […]
13 Money Saving Tips For Bar and Restaurant Owners
While owning a bar might sound cool and awesome, it’s actually quite a challenge. You, as an owner, have to think about every aspect of your business in order to keep it functional and on a par with the competition. Some aspects of your business, such as employee morale, are relatively easy to tweak and […]
Food and Beverage Costs Management in Your Bar
Having a bar is great, but handling the logistics can be a challenging task, especially if you own more than one bar. Food and beverage cost control is one of the essential aspects of every bar because it allows you to control and monitor your operating budget. Keeping the aforementioned budget under control is crucial […]