Restaurant metrics are calculations that illustrate the health of your business. Such restaurant calculations allow restaurant owners to measure, evaluate, and adjust their operation for maximum profitability. Metrics differ from the computations performed to create a business plan for a new restaurant; business plan calculations are based on projected numbers, while metrics work with actual…
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How to Use a Restaurant Schedule Template [+Free Templates]
A restaurant schedule template can help you keep your staff schedules organized that, in turn, can help you control labor costs and positively impact your staff morale. Creating a restaurant schedule can be tedious and time-consuming, but with the right tools and a little preparation, you can easily speed up your scheduling process. Restaurant Scheduling…
The Basics of Restaurant Management in 6 Steps
Effective restaurant management balances many different targets and processes to create a seamless operation. Food and labor costs, inventory tracking, staff training, food production, customer service, and marketing are part of daily restaurant management. Here’s a look at how to manage a restaurant in six steps, along with tips and advice from experienced restaurateurs. What…
What Is a Tip Out? Restaurant Tipping Methods
In restaurant lingo, “tip out” is a practice where staff members who receive tips distribute a portion of those tips to other co-workers who are involved in the chain-of-service to customers. Typically, this means that servers and bartenders give a portion of their tips to bussers, runners, and sometimes kitchen staff. How Tip Out Works…
15 Unique Coffee Shop Menu Ideas
There are numerous coffee shop menu ideas you can use to market your cafe. With the right color scheme, font, and menu design theme (for instance, magazine-style vs hipster), you can help customers connect to your brand. It’s best to design your menu to align with the ambiance you want to create. Here are 15…
Write a Restaurant Business Plan in 7 Steps [+ Free Template]
A restaurant business plan is a blueprint for starting and operating your restaurant. You can use it to explain what type of restaurant you’re opening, why you’re in business, what food you serve, and how you will be profitable. Additionally, a business plan can help you to obtain funding from a bank or investor. The…
7 Best Restaurant Scheduling Software & Apps 2019
We’ve uncovered the best restaurant scheduling apps to eliminate manual employee scheduling on paper and spreadsheets. The best restaurant scheduling software offers templates, drag and drop scheduling tools, shift swaps, mobile apps, employee communication, and more. Most can track employee time and attendance as well. Best of all, many are free. Top 7 Restaurant Scheduling…
6 Best Restaurant Inventory Management Software 2019
Restaurant inventory management software systems are computer programs for foodservice businesses with full commercial kitchens. These systems help manage ingredient stock levels, purchase orders, recipes, and menu costs. The best restaurant inventory management software systems sync with or are built into POS systems and can cost between $50 and $100 per register, per month. Top…
Restaurant Profit Margin: Definition and Tips to Improve It
Restaurant profit margin is the percentage of annual sales revenue a business has left over after subtracting all expenses, including utilities, lease or mortgage, payroll, taxes, and insurance, from gross revenue. To determine gross revenue, subtract costs of goods sold (COGS) from total sales. Average profit margins for restaurants are typically between 3% to 6%….
19 Insightful Food Industry Statistics
From franchises to sit-down restaurants to packaged goods, the food industry is vast and diverse. So, what does your food-related small business need to know for 2019? We’ve put together these food industry statistics to keep you in-the-know and help you advance your business this year. 1. Total food sales in 2017 nationwide amounted to…
How to Use Digital Menu Boards for Your Restaurant or Grocery
Digital menu boards are electronic displays of menus, typically found at quick-serve restaurants, coffee shops, and service-based businesses. It’s an easy way to show customers opportunities for upsells, calories, and prices. The ongoing cost for software and hardware could be as low as $20 per month after the initial, sometimes expensive investment of screens. How…
19 Restaurant Statistics Every Restaurateur Should Know
Everyone loves a good meal, but it’s no surprise that being a restaurant owner can come with its share of challenges. If you’re looking to get into the restaurant business, here are a few restaurant statistics to keep in mind and help you shape your strategy. 1. There are more than 1 million restaurants in…