Being in the restaurant industry is not without challenges, one of which is making enough money to keep your doors open. This is why your restaurant profit margin is one of the defining factors of the success of your business. Profit is what’s left over after you subtract your expenses from your gross revenue. And Read More →
Articles about
Restaurant Management
Restaurant Management
8 Tips on How to Run a Successful Restaurant and Bar
There are many components that go into running a successful bar or restaurant. You want your customers to have a great experience. You want to be consistently busy. And of course, you want to run a profitable business. The bar and restaurant business is highly competitive – you need to attract customers to have a Read More →
9 Techniques for Successful Restaurant Inventory Management
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 Read More →
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 Read More →
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 Read More →
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 Read More →