Restaurant Profit & Loss Statement

How to Read a Restaurant Profit & Loss Statement

Last modified on June 27th, 2022 at 1:58 pm

When you run a restaurant, you have a lot of things to keep track of – from purchasing inventory to taking inventory to scheduling staff. Beyond these day-to-day operational tasks, you also have to closely watch your income and expenses. One of the best ways to do so is through analyzing your restaurant’s profit and loss statement. Software programs can help you create profit & loss statements for your restaurant. The next step is learning what the numbers mean so…

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Ways to cut costs for Brewery

11 Ways to Cut Costs for Your Brewery or Bar

Last modified on June 27th, 2022 at 1:59 pm

Compared to restaurants, bars and breweries often have a much larger profit margin. That doesn’t mean that it’s easy to stay afloat as a bar or brewery owner. Even with an average markup of 300% to 500% on alcoholic beverages, it can be difficult to remain profitable in such a volatile industry (especially as the COVID-19 pandemic continues). If you want to run a successful bar, it’ll take more than just attracting customers or having great drink specials. You’ll also…

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video marketing for restaurants

The Benefits Of Video Marketing For Restaurants

Last modified on June 27th, 2022 at 3:12 pm

Video marketing is not new. Ever since the dawn of television, companies have been marketing their products and services through video ads. But in our modern world, video marketing has changed its face a little. Today, video marketing is a key element to any good restaurant marketing plan. With the proliferation of social media, video marketing is no longer the domain of large national and international franchises. In fact, it can be a cost-effective way to catch the eye of…

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Reduce Restaurant Food Waste

19 Ways to Reduce Food Waste in Your Restaurant

Last modified on June 27th, 2022 at 3:15 pm

When you run a restaurant, you have to keep an eye on every last dollar. For most restaurant owners, this involves closely tracking spending, sales, labor costs, and more. One of the most important factors to watch if you want to be profitable is food waste. According to Restaurant Hospitality, food waste costs restaurants an average of $25 billion each year. Taking steps to prevent food waste can cut a restaurant’s costs by as much as 2 to 6%. In…

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