The most profitable restaurants know the importance of controlling food costs. Food sales are important, but so too is food expense management, especially during times when the cost of food is increasing. By effectively managing revenue and expenses, you can maximize your restaurant’s profits, reduce food waste, and ensure the long-term sustainability of your business. Today, we outline a few of the various strategies and techniques that can help you get the most out of food cost decisions. The first section defines food costs. Let’s dive right in! What is the Definition of Food Cost? Restaura ..read more

It’s no secret that the restaurant industry is highly competitive. Just ask customers, who constantly have trouble deciding where to eat! Restaurant owners know it’s important to become a family favorite because this can help eliminate choice overload (having too many choices to pick from). To stay ahead of the competition as a highly profitable restaurant, you must focus on your average profit margin. But first, you need to know what profit margin is and what the average is in the food industry. Also, you’ll need to know what affects profit margin, how to improve profitability, and key consid ..read more

The Titan Awards Unveils 2024 Winners, SynergySuite amongst Honorees Lehi, Utah, USA – April 15th, 2024 – The TITAN Business Awards for 2024 have culminated in a resounding celebration of global entrepreneurship and innovation. Amidst a fierce competition featuring over 1500 entries from 57 countries, SynergySuite has emerged victorious, claiming both the Platinum TITAN Award for Products & Services for Restaurants and the Silver TITAN Award for Business Technology Solutions. Among the multitude of impressive entries, SynergySuite’s submission has stood out as a top contender, earning a co ..read more

When it comes to running a restaurant, there are so many things you’d rather be doing than managing inventory. Filling out inventory sheets and food waste sheets, crunching daily sales numbers, tweaking menu prices, calculating sell-through rates and inventory costs down to the basic unit of measure or every individual ingredient in every dish…gah! We understand—determining the best inventory methods is not why you got into this business. You’re here to make good food and keep customers happy. That said, we also understand how crucial it is to keep close, accurate track of inventory. Dull as i ..read more

Welcome to the world of front of house (FOH) in the restaurant industry! Did you note the positive and enthusiastic way in which we greeted you? This sort of friendly interaction is what the FOH staff is there to provide.   Whether you’re a seasoned pro or new to the restaurant business, understanding the ins and outs of the front of house operations is key to running a successful establishment. From the moment a guest walks through the door to the time they leave, the FOH team plays a crucial role in making everybody feel like special guests and it’s largely up to the FOH team to cr ..read more

What is Restaurant Analytics? Restaurant analytics is the practice of collecting, analyzing, and interpreting data related to various aspects of restaurant operations. This includes sales data, customer behavior, inventory levels, labor costs, and more. The goal is to gain actionable insights that can lead to improved decision-making, enhanced efficiency, and increased profitability. By leveraging data, restaurant owners and managers can uncover trends, forecast future performance, and make informed choices about their business strategies. How Restaurant Analytics Differ from General Business ..read more

As you navigate the challenging landscape of the hospitality industry, one key factor that significantly impacts your success is employee turnover. Understanding, managing, and optimizing turnover rates is crucial for maintaining a productive, happy, and efficient team. This chapter will provide you with a comprehensive understanding of restaurant employee turnover rate, its types, causes, and specifically focus on the unique dynamics within the restaurant sector. What Is Employee Turnover Rate? Employee turnover rate refers to the rate at which employees leave a company and are replaced by ne ..read more

In the restaurant industry, efficiency in operations is not just a goal, but a necessity. One crucial aspect that often goes unnoticed, but significantly impacts both cost and customer satisfaction, is the purchasing cycle. We will dive into the concept of purchasing cycle time, exploring its critical role in restaurant management and how optimizing it can lead to significant improvements in your business. What is Purchasing Cycle Time? Purchasing cycle time refers to the period from identifying the need for a product or ingredient to the point where it’s ready for use in your restaurant. This ..read more

In the ever-evolving world of restaurant management, staying ahead of the curve is crucial for sustained success. One key metric that can make a significant difference in your restaurant’s profitability is Sales Per Man Hour (SPMH). It’s a metric that, when properly understood and managed, can help you optimize your operations, enhance customer satisfaction, and boost your bottom line.  In this chapter we will dive deep into the world of SPMH, uncovering what it is, why it matters, and how you can harness its potential to maximize profits in your restaurant. The Importance of Sales Per Ma ..read more

In the competitive restaurant industry, the bottom line often determines a restaurant’s success or failure. One of the key metrics that restaurateurs must pay close attention to is revenue per seat, also known as average cover. This metric measures the average amount of money a restaurant earns from each seated guest. It is a critical indicator of a restaurant’s financial health and its ability to generate profit. Here we will delve deep into the concept of revenue per seat, exploring what it is, why it’s important, and how you can strategically increase it to drive higher profits for your res ..read more