How to Prepare for Massive Increase in Restaurant Sales

Let's talk about the massive increase in restaurant sales that is coming for every restaurant along with the quickest path to prepare for it. As vaccine shots go into more arms and restrictions are lifted in more cities and states, everyone who has been abiding by the stay-home recommendations is going to be flooding businesses like restaurants. They want to eat in restaurants, not just order take out from restaurants. They want drinks on the patio, not the take-home version of the cocktails...

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Restaurant Financial Reports Independent Owners Misunderstand

As a restaurant owner, are you afraid of your numbers? Do you look at your profit and loss statement only to see if you made or lost money the past month? Do you struggle actually knowing what goes into each line item? Well, you're in the right place because I'm about to talk to you about three important restaurant financial reports independent owners often misunderstand. Click below to watch the tip or keep scrolling to read more.

Maybe you think you're not naturally a numbers person....

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Restaurant Pricing Strategy to Get More Bang for the Buck

If I had a dollar for every restaurant owner who is looking for a restaurant pricing strategy to get more bang for their buck, I would be worth a ton of money! Why? Because everyone ties making money with increased sales and the easiest way to increase your sales is to raise your prices. But there’s a limit to how much you can raise your prices. Or is there? Click below to watch this video to get a restaurant pricing strategy to get more bang for the buck, or keep scrolling to read...

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Restaurant Management System to Improve Menu Engineering

Menu engineering is a popular search topic. It’s a buzzword and, when done right, can have a big impact on your restaurant’s sales. To do restaurant menu engineering correctly, you have to make sure you’re using proper restaurant management systems, whether it’s software or spreadsheets with formulas. If you’d like to learn a restaurant management system to improve menu engineering, click the tip below or keep scrolling to read more. 

Let's first make sure...

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Restaurant Training: 10 Steps to a Great Service Training Plan for Independents - Podcast Episode 15

In this episode of The Restaurant Prosperity Formula podcast, host David Scott Peters welcomes back Darren Denington, CFBE, founder of Service with Style. Darren has more than 30 years of experience in the hospitality industry and has an extensive background as a food and beverage director, executive chef, general manager, restaurant owner, staff trainer, restaurant coach and consultant. He holds the most prestigious certification available for a hospitality professional being a certified...

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Restaurant Menu Pricing Strategies That Work for Independent Operators

When it comes to restaurant menu pricing strategies, what approach do you take in your independent restaurant? Do you just look at what your competitors are charging? Do you think about what you think people would be willing to pay for an item? Or do you just ask your chef or kitchen manager to look at an item and give you a menu price because they should generally know? I want you to stop using your gut as your primary restaurant menu pricing strategy. To help you, I'm about to share with...

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Restaurant Food Cost Saving Ideas for Independent Owners

cut food cost food cost Feb 16, 2021

Food costs have been rising on a weekly basis for darn near two decades now. Most restaurant operators are quick to attribute their high food cost to these price changes. On top of that, the echo chamber of the Internet keeps compounding the problem, feeding you bad information like the average food cost for a restaurant is 34 percent or TV shows touting a three times markup. If you want to lower your food cost, let’s review why moving past these two food cost myths will help you focus...

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Restaurateur Couple Shares How They Went from Hobbyists to Entrepreneurs - Podcast Episode 14

If you’re working in your restaurant because you have a passion for hospitality and your restaurant is a dream you made come true, but you struggle to thrive in your business and your personal life, this episode of The Restaurant Prosperity Formula podcast is here to offer you inspiration.

This week I talk with Brianna and Jonathan Cowan, owners of The Wooden Paddle in Lemont, Illinois. For the last year or so, I’ve been coaching them through the implementation of systems and...

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Restaurant Management Tips for Controlling Food Cost

cut food cost Feb 09, 2021

Restaurant food cost is one of the biggest challenges for independent restaurant owners to manage. And there are so many factors about food cost that you can’t control. But even with all the things you can’t control, I can think of 10 restaurant management tips for controlling food cost. Click to watch the video or keep scrolling to read the 10 tips.

One: implement a key item report. This is a simple report where you count things every shift, five to 10 items, maybe 15, so...

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Restaurant Management System - Why Your POS System Matters

Your restaurant POS system is more than an expensive cash register. It’s full of data and reports you can use in your restaurant management. Here are some key ways your restaurant POS system is a tool you can use for the better. Click below to watch the tip via video or keep scrolling to read it. 

When it comes to point of sale systems, a common problem among independent restaurant owners, whether full service or quick service, is that you buy a POS system and then you don't use...

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