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How to manage inventory in a restaurant
Good inventory management can help you stay on top of your restaurant’s ingredients and supplies and determine the difference between profit and loss.
Read MoreHow to run a profitable bar
Bars are a notoriously tricky business. This business model has one of the highest failure rates of any industry, and for good reason. Margins are tight, the competition is fierce, and customers can be fickle. But that doesn’t mean that it’s impossible to run a successful bar. It just takes a little bit of know-how,…
Read More10 Rules of a Resilient Restaurant
One of the key takeaways for business owners during the pandemic has been the importance of being able to adapt to change and unforeseen events. Restaurants have amazed us all with their innovative strategies and determination during a period when the chances of closure were at a much higher risk. Communities have banded together to…
Read MoreHow to train restaurant staff properly
Discover how to train restaurant staff the right way to increase employee retention and improve customer service.
Read More11 best bar tools for bartenders
Bar tools make the life of bartenders a lot easier. You’ll need to invest in some cocktail preparation tools if you’re serious about making the best cocktails. The best bar tools can help you mix, squeeze, strain, and pour delicious drinks, whether you’re a rookie bartender or a seasoned pro. Keep reading to discover the…
Read MoreBar management guide | How to run a successful bar
The restaurant, bar and hospitality industries are more competitive than ever, meaning that as a business owner, you need to do everything you can to optimize the success of your bar. Since the restrictions from the pandemic have been lifted, consumers are more eager than ever to get out there and spend their money in…
Read MoreWhy you should not ignore your inventory par levels
One important thing to consider when looking at inventory PAR levels is not just what the price per unit is. An important factor is how long that equipment has been in service. Changes in your manufacturing process are inevitable, and they eventually lead to equipment getting worn out and that equipment being replaced. After reading…
Read MoreHow to calculate inventory turnover ratio
What is inventory turnover? Inventory turnover refers to how often a restaurant sells and has to restock their inventory. A high inventory turnover means you are selling things at a quick rate. It also gives you insight into your purchasing habits and whether you are over or under buying your inventory. When calculating inventory turnover…
Read MoreLiquor cost guide | How to calculate beverage cost?
What is beverage cost? Beverage cost is a ratio that compares the cost of alcohol sales with total alcohol sales for a given period of time. It allows you to see what percentage of your selling cost you are using in order to make a drink. For example, if you used 25 cents worth of…
Read MoreHow to control food cost in your restaurant?
Running a successful restaurant business is not an easy task. In addition to ensuring your kitchen is making delicious food and your front of house employees are creating an enjoyable customer experience, you also need to keep track of your finances and the overall cost of running your restaurant or bar. At the end of…
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