First Published: 4 May 2023 Most Profitable Restaurant Types The UK’s restaurant industry is showing strong signs of recovery, and understanding the most profitable restaurant types has never been more critical. With the market expected to surpass £110 billion by 2025 (Statista), operators face new challenges post-pandemic. With tighter margins, rising labour costs due … Read more
How to Improve Restaurant Profitability Ratios Running a restaurant is like being the captain of a ship in unpredictable waters. Some days, you’re riding high on packed tables and flowing drinks; other days, you’re staring at slow sales and rising costs, wondering if you’ll ever see smooth sailing again. But if there’s one thing … Read more
First Published: 1 April 2023 What Is The Best Accounting Method? The best accounting method for a restaurant depends on the specific needs of the business. The two most commonly used accounting methods for small businesses, including restaurants, are the cash basis and accrual-basis accounting methods. Cash basis accounting records revenue when cash … Read more
First Published: 8 December 2023 Restaurant Gross Profit Margin Your focus as a restaurateur should be on your restaurant gross profit margin percentage. It’s what you have left over after you’ve met all expenses directly related to selling your product (primarily cost of goods and direct labour). The most surefire way to calculate … Read more
Guide to Restaurant Financing Opening or expanding a restaurant requires substantial financial investment. How hard is it to get a loan for a restaurant, examines the various financing options available to restaurateurs, helping you make informed decisions about securing the necessary capital. Understanding Restaurant Financing Securing adequate funding is crucial for restaurant success. … Read more
The 7 Most Profitable Restaurant Foods and Insights into the Restaurant Business Running a profitable restaurant is a complex and challenging task, requiring culinary expertise and a keen understanding of restaurant business economics. The food you serve plays a significant role in your restaurant’s profitability, with some menu items offering higher profit margins than … Read more
First Published: 10 October 2023 Restaurant Funding In the exciting world of running a restaurant, having enough money is the key to turning your food dreams into reality. Whether you dream of opening your first restaurant or expanding your existing one across the UK, finding innovative ways to fund your restaurant adventure is crucial. … Read more
First Published: 8 November 2023 Understand Your Gross Profit Margin In the challenging world of restaurants, running an efficient restaurant isn’t just important – it’s a must if you want to succeed. One of the big things every restaurant owner needs to figure out is how many customers they can serve each day and … Read more
How To Increase Restaurant Profits Are you struggling to increase your restaurant profits? You’re not alone. Many restaurants face significant challenges, often closing within the first few years. But with the right strategies, turning your restaurant into a profitable venture is entirely possible. This article will explore how to increase restaurant profits and ensure … Read more
First Published: 30 March 2023 How To Manage Restaurant Finances Managing the finances of a restaurant is a critical aspect of running a successful business. It involves monitoring income, expenses, and cash flow, analysing financial statements, and using financial ratios and metrics to evaluate the performance of the business. In this article, you will … Read more
First Published: 17 December 2022 Everything You Need To Know About Inflation What is inflation? How to minimise the inflation effect on your restaurant without leading to closure is at the forefront of every restaurant owner at this moment. So what is inflation? Inflation is a general rise in prices across many markets and … Read more
Published: 21 March 2023 Restaurant Business Plan Have you made the exciting decision to open a restaurant? After careful consideration, are you now in a position to turn your dream into reality? Your next step is to understand the importance of a well-structured restaurant business plan. This article will guide you and instil a … Read more
Unlocking Restaurant Finance Starting or expanding a restaurant in the UK can be an exhilarating opportunity, yet it also presents several financial hurdles. Securing the right funding and investment is crucial for success. This article discovers the 17 restaurant finance and funding options for UK restaurants. From bank loans to crowdfunding, learn how to … Read more
Cash Flow For Cafe – A Comprehensive Guide Running a cafe is more than just brewing great coffee and creating a cosy atmosphere. Behind the scenes, one of the most crucial aspects of a successful cafe is managing cash flow. Effective cash flow management is essential for helping your business withstand financial challenges, take … Read more
First Published: 2 February 2023 Financial Management For Restaurants A key element for the success of any restaurant is effective financial management. With the highly competitive nature of the restaurant industry, particularly in markets like the United Kingdom, mastering financial management for restaurants is not just beneficial—it’s essential for survival and growth. This article … Read more
