There’s a careful balance in the restaurant industry: keep your menu the same all of the time, and you risk boring patrons. On the other hand, if you change it too frequently, you’ll give them whiplash, and they’ll go elsewhere with their business.
Developing unique recipes is a fantastic way to make your restaurant stand out from the competition. Having dishes that customers can’t find anywhere else will keep them coming back again and again. But the key to creating a recipe is developing one that is not only irresistible to the palate but also profit-generating for your restaurant. How can you do that? By learning how to do recipe costing.
It's not your mother's cash register anymore. POS systems have revolutionized how restaurants operate. While they can't wash dishes and shine silverware, they can do just about everything else. He's a look at how to use a POS system in a restaurant.
Restaurant owners know they need to keep food costs under control. Determining how to calculate the food cost for a recipe is critical to eliminating guesswork. By not knowing your costs, there’s also the danger of having a false sense of profitability in your restaurant.
Determining how much your restaurant spends on food can be challenging and tedious. When tomatoes are in season, they’re dirt cheap...and yet, your customers still want tomatoes in the middle of winter. You can’t increase menu prices to accommodate the fluctuation of ingredient availability, so it’s imperative that you learn how to calculate restaurant food costs to keep them from eating up too much of your overall budget.
You’re no stranger to the problem of food waste. After labor, food is one of your greatest costs involved in operating a restaurant. Compounding the problem, the price for wholesale food increased 3.4% just in the past year, a jump we haven’t seen since 2011. While many managers who struggle with how to control food cost in a restaurant raise their menu prices or reduce their staff to balance their budget, there are better ways to manage your food costs.
Longevity in the restaurant business is tough, but just getting a new restaurant off the ground can be even more challenging. In fact, 60% of all restaurant startups fail within the first year. What are the top reasons why most restaurants fail and how can the most common pitfalls be avoided from the get-go? Aspiring restaurateurs, take note and jot down these tips...