Learn How to Calculate EBITDA for Restaurants
Operating a restaurant is a challenging experience for investors and restaurateurs. Restaurants are subject to high operating expenses and a thin profit margin, making it difficult to determine the total revenue of a restaurant. EBITDA shows the earning power of the business based on its cash flow. This article covers the following essential points: Concluding […]
The Complete Guide to Increase Your Restaurant Profit Margins
Improving your restaurant profit and profit margins are critical factors that directly impact the financial health and overall success of your restaurant. It’s not just about numbers; it’s about understanding the pulse of your business. By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby […]
How to Start a Food Delivery Service for your Business
Starting a food delivery business can really make a difference for restaurants or any food business, helping them reach more people and make more money. First, it’s super important to have a smooth and efficient delivery system. You need to invest in reliable and easy-to-use delivery platforms that work well with your restaurant’s ordering system. It’s […]
Table Turnover Rate in Your Restaurant: How to Improve & Seat Incomplete Parties
What is Restaurant Table Turnover Rate? Table turnover rate measures of how often a table is occupied by a new group of guests during a specific period of time. It is calculated by dividing the number of guests served by the number of tables available during that time period. For example, if a restaurant has […]
8 Ways to Navigate The Restaurant Staff Shortage
The restaurant staffing shortage is a major challenge for restaurant owners today. According to the National Restaurant Association 2023 Restaurant Industry Forecast, 9 in 10 restaurants are experiencing staffing shortages. This statistic is based on a survey of restaurant operators conducted in January 2023. The 2021 COVID-19 pandemic caused many people to leave the hospitality […]
Restaurant Labor Management: A Software Guide
Labor management is a critical part of running a successful restaurant business. Strong restaurant labor management systems keep a restaurant staffed with the right amount of employees with the right type of skills scheduled at the right times. When restaurant employees are properly managed, they are motivated to perform better. Labor management helps in reducing […]
10 Cash Flow Management Best Practices & Tips for Restaurants
No matter the size of your restaurant, one truth remains: cash flow is king. Restaurant cash flow management is the lifeblood of your business. Yet, while most small business owners know this truth, many still struggle with basic cash flow definitions, fundamentals, and management strategies that actually maximize benefits. In today’s uncertain economy, characterized by […]
Use This Example Pizza Business Plan to Open Your Pizzeria
An idea to open a pizzeria is just an idea until you put your plan on paper. If you’re ready to turn your dream of opening a pizza restaurant into a reality, here is an example of a pizza business plan to help you get started. Use this outline to create a pizza business plan […]
5 Easy Ways to Speed Up Service at a Short-Staffed Restaurant
One of the biggest struggles facing restaurateurs right now is running a short-staffed restaurant. Many restaurants don’t have enough people to serve customers and quickly process orders. Some restaurants don’t even have enough staff to keep their doors open. Let’s look at what short-staffed restaurants can do to continue to run their businesses with less […]
Using Restaurant POS Analytics to Guide Business Decisions
Using data from restaurant POS analytics can help managers and restaurant owners make informed decisions and implement profitable strategies. With restaurant data and analytics, it is possible to determine areas of the business that perform well and those that need improvements. Businesses in the restaurant industry operate on slim margins and must consider all the […]